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Accounting Review Basics
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Review Framework and Evidence Standards
Overview: Review Framework and Evidence Standards
What a review is trying to prove
Activity: Sort review claims from weak support
Evidence hierarchy
Materiality and review depth
Common evidence gaps
Writing review notes that lead to action
Exercise: Section Exercise
Review: Review Framework and Evidence Standards
Core Financial Statements and Account Relationships
Overview: Core Financial Statements and Account Relationships
What the Three Statements Show
Activity: Match statements to business questions
Balance Sheet: Assets, Liabilities, and Equity
Income Statement: Revenue and Expenses
Cash Flow: Where the Money Actually Went
How Accounts Connect Across Statements
Red Flags a Reviewer Can Spot Quickly
Exercise: Section Exercise
Review: Core Financial Statements and Account Relationships
Transaction Review and Classification Checks
Overview: Transaction Review and Classification Checks
What a classification check is
Use the account and document together
Activity: Sort transaction examples by likely coding issue
Check timing, not just category
Review common AP, AR, and payroll patterns
Use Excel to catch review issues faster
Exercise: Section Exercise
Review: Transaction Review and Classification Checks
Close Process Checks and Reconciliation Review
Overview: Close Process Checks and Reconciliation Review
What the close process is checking
Activity: Sort close checklist items by purpose
Bank reconciliation basics
Activity: Match reconciling items to the right bucket
Subledger-to-ledger tie-out
Timing differences versus true errors
Activity: Classify differences by action needed
Reviewing unresolved items before sign-off
Evidence checks that support close decisions
Exercise: Section Exercise
Review: Close Process Checks and Reconciliation Review
Identify Errors, Estimate Risk, and Defend Judgments
Overview: Identify Errors, Estimate Risk, and Defend Judgments
Why some errors matter more than others
Activity: Rank findings by materiality and impact
Judge error severity with effect, likelihood, and evidence
Separate facts from opinions in review comments
Activity: Rewrite a vague comment into a defensible note
Use evidence gaps to decide what to test next
Write a short judgment that can stand up to review
Activity: Draft a review judgment paragraph
Reading-only wrap-up: what good judgment sounds like
Exercise: Section Exercise
Review: Identify Errors, Estimate Risk, and Defend Judgments
Write a Review Memo and Next-Step Recommendation
Overview: Write a Review Memo and Next-Step Recommendation
What a review memo must do
Activity: Sort memo content into the right sections
Write in a clear memo structure
Make the recommendation specific
Match the tone to the audience
Decide how strong the language should be
Reading-only checklist for memo quality
Exercise: Section Exercise
Review: Write a Review Memo and Next-Step Recommendation
Course Study Guide
Overview: Course Study Guide
Recap
What You Can Do Next
Additional References
Review: Course Study Guide
Lab: Course Lab -- Review a Small Business Accounting Packet
Overview: Lab: Course Lab -- Review a Small Business Accounting Packet
Lab: Course Lab -- Review a Small Business Accounting Packet
Review: Lab: Course Lab -- Review a Small Business Accounting Packet
Lab: Course Lab -- Review a Small Business Accounting Packet
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Level 1: Generative AI Foundation
Level 2: Grounding AI with your Data
Level 3: Automating AI Workflows
Copilot First-Step Kit
Office
Webinars
Power BI
Programming
WordPress
Microsoft Official
Accounting
CompTIA
Google
Upskilling Series
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Course info
Accounting Review Basics
Learn how to read accounting work with a critical eye.
Skill Level
:
Beginner
