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
John –
Very informative and helpful.
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Edith –
learned a lot
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Rita –
The book was good
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Jennifer –
Very informative and well written.
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Farhana –
We are satisfied with all AIPB books and hope to order in future more.
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Deborah –
Excellent educational tool
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Cynthia –
Great refresher course!
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Rhonda –
I like this course. It helped me to really understand the information. However, have test anxiety, and I would really like to see something developed where a person can take practice bookkeeping tests before they go to the prometric site for testing.
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Mai –
Great book. Very detailed and informative.
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Lynne –
Fine, felt like it could have been harder though.
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Janice –
Good to learn this and have on hand when I have questions.
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Esmeraldo –
Basic concepts and examples clearly laid out making the course easy to digest.
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Donna –
Easy to understa, examples made understanding the course work.
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Marc –
The only thing that keeps me from giving it 5 stars is that I felt that a few of the quiz questions (as well as a few on the Prometric exam) were unclear; vaguely written so that it seemed like two answers could be right.
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Agnieszka –
Very helpful
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Rebecca –
Book is very well-organized and easy to follow and understand.
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Laura –
Great refresher!
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Thomas –
Good refresher. Exercises good practice. Would like answer key to final exam provided once graded.
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Laura –
With adjusting entries, you really need to know your debits and credits.
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Eralda –
The books were very helpful.
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Connie –
Your workbooks are very easy to understand and full of good information. I wish that you had touched on how to do Prior Period Adjustments.
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Lucinda –
I found the book excellent tool.
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Jesus –
Excellent, updated
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Harold –
excellent
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Ekaterina –
OK
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Craig –
Simple and straightforward
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Christina –
Completely satisfied
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Severthya –
Great Encyclopedia–Highly recommended.
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Iris –
Fair. Questions were not always clear. On many questions, assumptions were made rather than giving all of the facts. Accounting is not taught with assumptions.
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Douglas –
The book helped me pass that part of the CB Exam. It was very helpful! The exercises were very relevant to the exam.
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