Free Udemy Course: Financial Accounting – Subsidiary Ledgers & Special Journals

Master new skills with expert-led instruction

Financial Accounting – Subsidiary Ledgers & Special Journals
0.0 Video Hours
11 Articles
0 Resources
4.6 Rating

Free Udemy Course Details

Language: English

Instructor: Robert (Bob) Steele

Access: Lifetime access with updates

Certificate: Included upon completion

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About This Free Udemy Course

The "Financial Accounting – Subsidiary Ledgers & Special Journals" course is thoughtfully crafted to help you gain new skills and deepen your understanding through clear, comprehensive lessons and practical examples. Whether you're just starting out or looking to enhance your expertise, this course offers a structured and interactive learning experience designed to meet your goals.

What You Will Learn in This Free Udemy Course

Throughout this course, you'll explore essential topics that empower you to confidently apply what you've learned. With over 0.0 hours of engaging video lectures, along with 11 informative articles and 0 downloadable resources, you'll have everything you need to succeed and grow your skills.

Learn at Your Own Pace with Free Udemy Courses

Flexibility is at the heart of this course. Access the materials on any device — whether on your desktop, tablet, or smartphone — and learn when it's convenient for you. The course structure allows you to progress at your own speed, making it easy to fit learning into your busy life.

Meet Your Free Udemy Course Instructor

Your guide on this journey is Robert (Bob) Steele , seasoned expert with a proven track record of helping students achieve their goals. Learn from their experience and insights, gaining valuable knowledge that goes beyond the textbook.

Free Udemy Course Overview

Financial Accounting – Subsidiary Ledgers & Special Journals
Instructors: Robert (Bob) Steele
Language: English
Price: Free
Coupon Code: 28E514A9FB6DD8E6235D
Expires At: Aug. 2, 2025, 5:31 a.m.
Created At: July 30, 2025, 12:30 p.m.
Is New: No
Is Published: Yes
Is Offered: Yes

Free Udemy Course Description

We record transactions using special journals and track accounts receivable by customer and accounts payable by vendor using subsidiary ledger. 

We should have a good understanding of debits and credits before this course and we have courses covering debits and credits. We can construct an accounting system where we record every financial transaction using debits and credits in a general journal, posting each journal entry to the general ledger, making the trial balance form the general ledger, and the financial statements from the trial balance. The process of recording every transaction using debits and credits is the process we have used in the past. 

To reduce the amount of data input when using a manual system, we can group transactions by transaction type and create special journals to record them. An accounting system using special journals can reduce data input by limiting the amount data needed to be input for each transaction due to the format of the special journal. Special journals can also eliminate the need to post each transaction to the general ledger. Rather than posting each transaction to the general ledger special journals are added up at the end of the period and one transaction is then posted for the entire period.  

Special journals are typically used in a manual system but understanding them helps any system because it helps to see what components of an accounting system are necessary to all accounting systems, which components can be changed, and when changing the format of the system would be beneficial. Automated systems also often general useful reports in a similar format as the special journals. 

Subsidiary ledgers for accounts receivable and accounts payable are necessary for any system where we make sales on account and purchases on account. In other words, if we make sales and collect money at a later date, we will need to track who owes us money, and if we make purchases and pay at a later date, we will need to track who we owe money to. 

In addition to instructional video, this course will include downloadable

•    Downloadable PDF Files

•    Excel Practice Files

•    Multiple Choice Practice Questions

•    Short Calculation Practice Questions

•    Discussion Questions

The PDF files allow us to download reference information we can use offline and as a guide to help us work through the material.

Excel practice files will be preformatted so that we can focus on the adjusting process and learning some of the basics of Excel, like addition, subtraction, and cell relationships.

Multiple choice example question helps us improve our test-taking skills by reducing the information into the size and format of multiple choice questions and discussing how to approach these questions.

Short calculation questions help us reduce problems that have some calculation down to a short format that could be used in multiple choice questions.

Discussion Question will provide an opportunity to discuss these topics with the instructor and other students, a process many students find very helpful because it allows us to see the topic from different viewpoints.

Who will we be learning from?

You will be learning from somebody who has technical experience in accounting concepts and in accounting software like QuickBooks, as well as experience teaching and putting together curriculum.

You will be learning from somebody who is a:

•    CPA – Certified Public Accountant

•    CGMA – Chartered Global Management Accountant

•    Master of Science in Taxation

•    CPS – Certifies Post-Secondary Instructor

•    Curriculum Development Export

As a practicing CPA the instructor has worked with many technical accounting issues and helped work through them and discuss them with clients of all levels.

As a CPS and professor, the instructor has taught many accounting classes and worked with many students in the fields of accounting, business, and business applications.

The instructor also has a lot of experience designing courses and learning how students learn best and how to help students achieve their objectives. Experience designing technical courses has also benefit in being able to design a course in a logical fashion and deal with problems related to technical topics and the use of softw..

Video Hours: 0.0
Articles: 11
Resources: 0
Rating: 4.6
Students Enrolled: 505
Mobile Access: Yes
Certificate Included: Yes
Full Lifetime Access: Yes

Frequently Asked Questions About Free Udemy Courses

What is this Free Udemy course about?

The Financial Accounting – Subsidiary Ledgers & Special Journals course provides comprehensive training designed to help you gain practical skills and deep knowledge in its subject area. It includes 0.0 hours of video content, 11 articles, and 0 downloadable resources.

Who is this Free Udemy course suitable for?

This course is designed for learners at all levels — whether you're a beginner looking to start fresh or an experienced professional wanting to deepen your expertise. The lessons are structured to be accessible and engaging for everyone.

How do I access the Free Udemy course materials?

Once enrolled, you can access all course materials through the learning platform on any device — including desktop, tablet, and mobile. This allows you to learn at your own pace, anytime and anywhere.

Is there lifetime access to this Free Udemy course?

Yes! Enrolling in the Financial Accounting – Subsidiary Ledgers & Special Journals course grants you lifetime access, including any future updates, new lessons, and additional resources added by the instructor.