Closing the Year: Month-End, Adjustments & Financial Statements
Turn a messy ledger into a finished set of financial statements.
This is where bookkeeping becomes accounting. You take a full year of client data, close it properly, and produce a set of financial statements a partner could put in front of the client.
You work through accruals, prepayments, fixed assets and depreciation, hire purchase, loan reconciliations and all the adjustments that turn a trial balance into a true and fair set of accounts.
Every adjustment gets a workpaper. Every workpaper goes through review. That is how firms do it, so that is how you do it.
Price
Included in program
What you will cover
- Russo Tiling
- Brightwater Café
Portfolio deliverable
Financial statements package, Year end workpaper file
Curriculum
10 modules. Real client work.
Every module is built around what a junior actually does inside an Australian firm.
By the end
What you will be able to do
- Close a set of books to trial balance
- Post year end adjustments with workpapers
- Produce financial statements from a closed ledger
- Present a file ready for partner review
Portfolio
What you will walk out with
Portfolio deliverables
Financial statements package, Year end workpaper file
Your instructor
Madhav Ghimire, CA
Chartered Accountant with experience across mid-tier and boutique Australian firms, and the owner of accounting firm MS Financial Services. Every lesson is shaped by real client work — not textbooks.
- Chartered Accountant (CA)
- Owner, MS Financial Services
- Mid-tier firm experience
- Boutique firm experience
- Industry-focused training
- Hands-on practical approach
Get the full firm experience
This course is part of the Job Ready Accountant Program — all 8 courses, the full review system, and a portfolio you can show employers.
Continue the pathway
Free starter
Bookkeeping Foundations in Xero
New to this? Start here. Learn the real basics of bookkeeping in Xero, completely free.
Firm foundations
Welcome to the Firm: How Public Practice Works
Step inside an Australian accounting firm before your first day.
Bookkeeping
Running the Books in Xero: AP/AR, Invoicing & Bank Reconciliation
Keep a client's books accurate enough for a reviewer to sign off.