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
James –
It was helpful. Thankyou.
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Gina –
The information was presented in a clear concise manner. The quizzes after each section and the tests at the end of the book truly helped to study for the certified bookkeeper exam.
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Liudmila –
Very good course,clear explanation;it’s very help me to learn accounting terminology in English
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Amy –
good review
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Peggy –
The Adjusting Entries test was extremely easy, especially if you read the preparation book and took the practice exams.
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Denise –
I really had to think back to college courses as I haven’t used T-accounts or written journal entries in almost 10 years because of computer programs.
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Abebe –
I am very satisfied on the courses of Adjusting entries.It is very important and useful to close the accounting transactions and to prepare the right financial statements.
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Iris –
I enjoyed the course because it was written well with good examples. I have recommended it to a few friends of mine.
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Sebastian –
The textbooks are easy read and easy to follow.
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Dongmei –
good
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Joel –
I found the course to be well done and very clear in its instruction and examples. Keep up the good work…..
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Melchor –
Very interesting; I learned more lesson from it!
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Donna –
Great program…
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Jifang –
The book is easy to read and understand.
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Julie –
I am currently studying adjusting entries, I find the information helpful in gaining the knowledge needed to take the bookkeeping certificate test.
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Janet –
Thank you this is a very well written book.
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Barbara –
I was surprised that there was not an explanation of the accounting equation to help understand if an entry was a debit or credit. I beleive that I understood the material only because I had taken other classes previously.
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Rasik –
Fully Covered.
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Norman –
I think the course does a good job explaining adjusting entries, and why they are used. Wish it went a bit more in depth about making prior-period adjustments though.
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Megan –
This course was good and I learned the information I needed for this course.
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Louise –
very good
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Echo –
I guess it’s good.
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Cindy –
Very informative and user friendly to study and test.
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Traore –
this is the most powerful book I have never read since I started studying accounting in 1980.
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Robert –
I thought the course was great. I like how it when over a topic and then test you on your knowledge of it.
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Olga –
Very Good
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Nadine –
Good info.
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Jane –
I rated all six of them at the same time as I submitted my six tests a few weeks ago. I have Certificates of Completion for all six tests so I am sure you must have my responses as well.
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Helene –
Excellent
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Grazyna –
I was very satisfied with the study materials, reviews and quizzes .i was we’ll prepared for the exam
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