Web Links

Adjusted Trial Balance
http://kalama.doe.hawaii.edu/hern95/pt035/Accounting/LEVEL_1-INDEPENDENT/CYCLE7.HTM
Kapi'olani Community College in Hawaii's independent study accounting module presents the purpose of the adjusted trial balance. An example is provided.

Closing Entries
http://www.toolkit.cch.com
CCH Business Owner's Toolkit, presented by CCH Inc., continues their discussion of the accounting cycle with a discussion of closing entries. The distinction between adjusting entries and closing entries is carefully explained. A Microsoft Excel spreadsheet for finding a trial balance as the accounting cycle is completed is available on this site at http://www.toolkit.cch.com/tools/trialb_m.asp.

The International Accounting Standards Committee
http://www.iasc.org.uk
The International Accounting Standards Committee (IASC) strives to achieve uniformity in the accounting principles that are used by businesses and other organizations for financial reporting around the world. Since 1983, IASC's members have included all the professional accountancy bodies that are members of the International Federation of Accountants (IFAC). Projects, standards, and news releases are available at the IASC Web site.

The International Federation of Accountants
http://www.ifac.org
The International Federation of Accountants (IFAC) represents accountants through the membership of more than 140 organizations in 101 countries. The organization develops and promotes high quality technical, professional and ethical standards for use by accountants around the world. Information about the standards and guidelines being developed is posted at their Web site. Membership in IFAC includes membership in the International Accounting Standards Committee (IASC).

Financial Statements
http://kalama.doe.hawaii.edu/hern95/pt035/Accounting/LEVEL_1-INDEPENDENT/CYCLE8.HTM
Kapi'olani Community College in Hawaii's independent study accounting module presents three types of financial statements prepared at the end of each accounting period. These statements are the income statement, the statement of owner's equity, and the balance sheet.

Closing Procedures and the General Ledger
www.scottsystems.com/support/eoygl.htm
Detailed step by step list of the closing procedures done at the end of each accounting period.