4.57/5 stars (903 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
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$49.00
Member Price: $39.00 (Members must log in to receive discounted pricing)

List Price: $49.00Member Price: $39.00

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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

903 reviews

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19 reviews with a 5-star rating

  1. Brandon Nelson

    A key component of the accounting cycle, where many students get stuck on what can be (from an accrual perspective) rather abstract concepts, this book cuts right to the quick without sacrificing necessary knowledge. You’ll come away with a much clearer understanding of this vital accounting concept after finishing this book!

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  2. Dennis Alexander

    Great review of college accounting course.

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  3. ShaShauna T. McIver

    Course book has plenty of real-world scenarios from which to review and practice accounting concepts learned from the material.

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  4. 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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  5. 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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  6. Richard Rodriguez

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

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  7. Dennis Alexander

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

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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. Sheikh Hossain

    Good material for learning accounting.

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  10. Sheikh Hossain

    Easy to learn and effective.

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  11. Ferris Bruton

    I like the course intend to take final exam

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  12. Evelyn Baldo

    Interesting and informative

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  13. Mohamed Helemish

    Mohamed Helemish

    The course is very good but needs more practice questions

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  14. 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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  15. 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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  16. Alexandra

    Easy to follow

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  17. Patricia Hile

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

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  18. Mittal Patel

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

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  19. Janice Lima

    Enjoyed the course

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