The Adjusting Process

This credential documents competencies including financial statement preparation, project budgeting, and financial forecasting and analysis. Financial professionals are required to understand the impact of financial decisions on the firm’s business and financial prospects and use their skills to perform analysis of past, current, and projected funding and investment alternatives to inform the company’s managerial decision-making process and provide regular financial reports to investors and regulators. Specifically, this badge demonstrates the earner's ability to Show how to review and adjust account balances, including how the concepts cash basis accounting, accrual basis accounting, the time period concept, revenue recognition, journalize and post adjusting entries, an adjusted trial balance, adjusted entries, deferred expenses, and deferred revenues impact account balances.