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
Rita –
Course is great, would recommend it to anyone
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Patricia –
Great book. Easy to understand. Lots of examples and explanations.
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Cassandra –
The study book was great and so was the test.
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Araceli –
It is very easy of understand.
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Tiombe –
I am studying for the Adjusting Entries and Correction of Accounting Errors section of the CB exam. I find the study guides clear and easy to understand.
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Yolanda –
Instructions were clear. Very helpful and a good guide.
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Patricia –
Completed this and found it helpful in my day to day operations. Need to review and prepare for test after completing correction of accounting errors.
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Patra –
Very informative.
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Kim –
Easy to understand and prepared your for the exam.
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Michael –
I have just done one volume, but I am very satisfied at this point. I will be ordering the next book in the series next month.
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Donald –
Well written, easy to follow and attention grabber. The examples are written in layman terms, so the ‘logic’ behind the correct answer is understood. NEGATIVES: Theres lots/loads of assumption(s) made by the writer(s) regarding the reader(s) prior understanding/experiences.
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Virginia –
I loved it as a matter of face I am attending the Phoenix college taking the complete course in Arizona,
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Tanya –
Very thorough material. After completing the book and taking the practice tests several times I felt confident with the material and passed the exam with no problem.
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Michele –
Easy to follow and understand. Only took a few hours to complete.
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Aileen –
It’s very helpful and it really refreshed my knowledge in bookkeeping and I even learned more.
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Larry –
I was interested in learning bookkeeping but the course level was directed at people who already have some exposure or experience in the field. Thanks for taking the time to follow up.
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Tammy –
The greatest
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Lillian –
Easy to understand!
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Jaime –
Very informative.
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Tisha –
The workbook was very thorough and I made sure to go over the material a couple of times before taking the test. Some of the test questions were worded in a confusing way so I didn’t do as well as I thought.
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Michael –
This section added a better balance to my understanding of adjusting entries. I appreciated this section, in helping me to “fill in some gaps” for making my journal entries.
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Maribel –
Good!
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Emad –
its perfect
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Stephen –
The book/course was extremely thorough.
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Ivy –
Excellent
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Rebecca –
very easy to read and broken up in short chapters so it’s easy to do one at a time and get through the book more quickly
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Tara –
It was very easy to follow the concepts presented. If I did make an error in my calculations I reviewed that section again to see what I missed or omitted. I am flying through the material and I love the quizzes at the end of each section. I am doing extremely well on them.
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George –
The practice exercises and final examination helped my confidence and preparation for taking the Certified Bookkeeper Exam Parts One and Two in Augu, 2013.
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Betty –
Explanations were very easy to understand. Very well written. The Quizzes were very helpful.
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Tonia –
Easy to read and follow.
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