4.57/5 stars (902 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 WorkBook, Online e-WorkBook

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

902 reviews

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What others are saying

  1. Rebecca Peterson

    This was a challenging course for anyone who doesn’t do manual bookkeeping. Understanding the underlying concepts is foundational and helpful. However, the actual practice of bookkeeping is more modern and it would be helpful for these courses to be updated.

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  2. 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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  3. 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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  4. Richard Rodriguez

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

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  5. Deanna Beith

    Now I just need to retake and pass my Prometric exams

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  6. 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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  7. Dennis Alexander

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

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  8. carolyn

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

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  9. Hayk

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

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  10. Vicky Phillips

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

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  11. Sheikh Hossain

    Good material for learning accounting.

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  12. Bethany Watts

    It’s a good course.

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  13. Sheikh Hossain

    Easy to learn and effective.

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  14. 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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  15. Ferris Bruton

    I like the course intend to take final exam

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  16. 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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  17. 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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  18. Beth Axe

    Good course, straightforward.

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  19. Evelyn Baldo

    Interesting and informative

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  20. Mohamed Helemish

    Mohamed Helemish

    The course is very good but needs more practice questions

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  21. 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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  22. 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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  23. Alexandra

    Easy to follow

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  24. 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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  25. Patricia Hile

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

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  26. Mittal Patel

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

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  27. PRAVIN PATEL

    great, informative and helpful

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  28. Janice Lima

    Enjoyed the course

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  29. C Nagarajan Sridhar

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

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  30. 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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