4.57/5 stars (892 customer reviews)

$49.00

Learn to set up the trial balance, compute and record all end-of-period adjustments and present the adjusted trial balance. You now have everything needed for the financial statements and tax return. Double-quiz in each section assures that you master it.

ISBN: 9781884826252
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: $49.00
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Description

136 pages [55 self-teaching + 81 self-quizzes with detailed answers]

Section 1:  Why we use accruals, deferrals and other adjustments. The difference between cash basis and accrual basis accounting.

Section 2: Accrued revenue. How to record accrued revenue. Examples of different kinds of accrued revenue. Computing and accruing interest receivable. How failure to accrue revenue affects the financial statements.

Section 3: Accrued expenses. How to record accrued expenses. Examples of different kinds of accrued expenses. Computing and recording interest payable. How failure to accrue expenses affects the financial statements.

Section 4: Revenue collected in advance (unearned revenue). How to record unearned revenue. How to accrue revenue earned when the revenue collected was originally recorded in a revenue account v. an unearned revenue account.

Section 5: Prepaid (deferred) expenses. Recording prepayments and adjustments. How to accrue expenses when prepayments were recorded in an expense account v. a prepaid (asset) account.

Section 6: Other adjusting entries. How to compute and record the adjusting entry for bad debt expense for tax purposes v. book purposes. Adjusting entries for depreciation and various cash accounts.

Section 7: From unadjusted to adjusted trial balance. The chart of accounts. Preparing the unadjusted trial balance, entering the adjustments and preparing the adjusted trial balance. A summary of how the adjusted trial balance is used to prepare the income statement, balance sheet and statement of retained earnings. Basics of the post-closing trial balance.

Publisher: AIPB

Additional information

Book Type

Softcover Book, Online eBook

Series

Certified Bookkeeper Course Series: Everything you need to study for the national CB exam

  • Complete preparation for the national Certified Bookkeeper exam!
  • Double-quiz in every workbook section assures mastery of every skill!
  • Workbook quiz questions mimic the national exam questions!

 

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4.57 out of 5 stars

892 reviews

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What others are saying

  1. Crystal Givens

    Crystal Givens

    Same as the other book, Mastering Double-Entry Bookkeeping. I found it very informative, but I did not like that when I download the books, it downloads as a solid graphic and not as a graphic with text. This didn’t allow me, who has vision problems, to listen to them with a text reader as well as reading. It took me a lot longer than normal to process the book than I would have otherwise. It would also be nice if videos and other interactive demonstrations were provided with the course. Very limited to be online in book format.

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  2. Beth Axe

    Good course, straightforward.

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  3. Evelyn Baldo

    Interesting and informative

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  4. Mohamed Helemish

    Mohamed Helemish

    The course is very good but needs more practice questions

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  5. Denise Fields

    What I have found out with Adjusting Entries, as you read the book write on your note pad key information about the adjusting process and when to apply each step.

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  6. Ariel L O’Heeron

    I was pleasantly surprised at my score! The test was difficult which I appreciated because I felt that if it had been too easy, I might not have learned enough or that there would be gaps in my knowledge on this subject.

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  7. Alexandra

    Easy to follow

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  8. Yvonne Stephenson

    The information was presented in a concise and easy to understand manner. However, an accompanying CD would really boost this course. Said CD would be a fitting substituted for a lecture.

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  9. Patricia Hile

    This book has been extremely beneficial. The format is perfect. It will be a great reference book.

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  10. Mittal Patel

    I really like the way it explained in details,
    Easily understandable.

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  11. PRAVIN PATEL

    great, informative and helpful

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  12. Janice Lima

    Enjoyed the course

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  13. C Nagarajan Sridhar

    The examples and quizes are excellent and drives home the message to becoming a take cahrge bookkeeper.

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  14. Ray Miller

    I am new to bookkeeping only about 2 1/2 years experience, we use QBO and QBD software. This book really helped me to learn the basics with debits and credits. Software does this work for you and now that I have much better understanding of bookkeeping I can use this information to make the software work better for my clients.

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  15. Dennis

    Material great, presentation great, I just need more practice.

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  16. Maurice

    Really made the accounting cycle more clear to me.

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  17. Yumiko

    The contents are great. Only one confusing part (as I’ve been doing bookkeeping a bit), CPA&Auditors use the expression “deferred revenue” instead of “Revenue collected in Advance” or “Unearned revenue” in real practice. It would be nice to add “deferred revenue” expression in your course. Or, my understanding wrong ?

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  18. Rhonda

    Great refresher course!

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  19. Elce

    Good

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  20. Kim

    Very informative and helpful.

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  21. Eddie

    I really like the illustrations and practice exams at the end of each chapter. I wouldn’t mind going through more practice exams. I’m just about to take the exam at the end of the book, and I feel confident this book has prepared me for it.

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  22. Eddie

    I found this to be a very user friendly book to study.

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  23. Branislav

    Very useful test for me.

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  24. Colin

    5 stars

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  25. Jennifer

    I found this a little ha, I had trouble with the use of the word debit and credit. I was under the impression that should only apply to the journal entry and did get mixed up when it also used to the explain the transaction.

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  26. Ackil

    Absolute garbage and the customer service sucks. Spent 60 dal’s one ONE PART of the entire book and they refused to return the money when I said I’d rather buy the entire book from amazon. Never buying this again.

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  27. Dwayne

    Very helpful.

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  28. Crystal

    This is definitely a great refresher especially after several years of doing accounting. With everything electronic today sometimes we forget the basics. I take the quizzes several times throughout to ensure I know material

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  29. Amanda

    Great information!

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  30. Aaliyah

    The manual is very useful. I haven’t taken any of the courses yet, but I’m planning on it in the near future.

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