4.57/5 stars (901 customer reviews)

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
List Price
: $49.00
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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

901 reviews

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What others are saying

  1. Christopher Mann

    I have greatly enjoyed reading through the book’s tutorials and completing the quizzes. I now have a much clearer understanding of adjusting entries and why they are essential in bookkeeping.
    (5 star rating)

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  2. Sherry Ibrahim

    Very informative and pays attention to detail but needs more exercises and final examination answers. Thanks for your efforts. Sherry

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  3. Richard Rodriguez

    This study guide was put together in an excellent simple & comprehensive way to master.

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  4. Deanna Beith

    Now I just need to retake and pass my Prometric exams

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  5. YVONNE STEPHENSON

    The course provided fundamental information, however the textbook was dry and one dimensional. A complementary workbook and/or a video/cd lecture would have been a great enhancement. This would allow for listening to the material then reading it, then working the problems.

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  6. Dennis Alexander

    Great text.
    Great review of what I learned in college,

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  7. carolyn

    This was useful material over all but I struggled with some of the sections of this material.

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  8. Hayk

    Very usefull material. Helped me to pass AIPB adjusting entries exam with more than 90% score

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  9. Vicky Phillips

    Very good explanations and examples to go over and to go back to when doing the questions

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  10. Sheikh Hossain

    Good material for learning accounting.

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  11. Bethany Watts

    It’s a good course.

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  12. Sheikh Hossain

    Easy to learn and effective.

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  13. Ragin

    Easy to follow and understand. I appreciate having the double quizzes at the end of each chapter to test and help solidify the skills.

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  14. Ferris Bruton

    I like the course intend to take final exam

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  15. Jayne Franzino Romero

    This is a rigorous and detailed self-study. I would like tutoring on it though working through the notebook is something that is feasible, it just takes quite a bit of concentration.
    However, the material is interesting and it is the first self-study bookkeeping course that has real world bookkeeping information. Wonderful course.

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  16. 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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  17. Beth Axe

    Good course, straightforward.

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  18. Evelyn Baldo

    Interesting and informative

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  19. Mohamed Helemish

    Mohamed Helemish

    The course is very good but needs more practice questions

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  20. 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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  21. 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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  22. Alexandra

    Easy to follow

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  23. 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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  24. Patricia Hile

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

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  25. Mittal Patel

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

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  26. PRAVIN PATEL

    great, informative and helpful

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  27. Janice Lima

    Enjoyed the course

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  28. C Nagarajan Sridhar

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

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  29. 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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  30. Dennis

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

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