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
Miguel –
It is excellent, It helps me a lot. thank you
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Jan –
I thought it was a very useful and user friendly book. I plan to turn in the test soon.
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Danna –
Question and answer are really good help.
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David –
very straightforward
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Ana –
Very practical workbook! Each topic is thoroughly discussed and can be easily grasped. Keep it up!
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Rene –
this was very educational and will help me further in my career
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Noah –
This book is clear and self-explanatory. The way the sections are structured and well laid out makes the book even more interesting and appealing to read and reinforces one’s knowledge. I do recommend it to any accounting student.
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Lola –
I liked the book. The information presented clearly, simply, easy to understand in detail.I got the pleasure of this book.
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Jennifer –
Reading this book has helped me to apply the practice of adjusting entries to my work place as we begin closing out our books for last period. I have not yet tested for Adjusting Entries, so I have yet to see how applicable my studies are to actually gaining certification. But I have gained confidence in my understanding of the subject and with that I should expect successful completion of the certification program!
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Lavergne –
I have been going through this slowly and find it very easy to follow and understand. The step by step process works for me. It’s a great refresher. Not sure how someone with no background would do though.
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Elizabeth –
Very understandable
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Elizabeth –
Very understandable
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Steve –
In depth. Informatve.
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Diane –
Very good overall course.
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Vivian –
Before i did the examination i thought Adjusting entries were going to be very easy, but it was very challenging. My rating is (4).
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Kama –
Liked that it made me really think about what went where
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Shelia –
excellent course review
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Jacinta –
easy to understand. came in helpful b/c we had to a number of adjusting entries
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Sarah –
educational
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Sozen –
PASSED
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Sozen –
i passed, thanks!
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Akbar –
Concise notes with quizzes to reinforce the material. I think this book is well designed to master the adjusting entries.
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Irina –
Very plain language and easy to understand. Very helpfull
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Sophia –
I thought the adjusting entries work study book provided me with what I needed to pass that portion of the test
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Taffy –
OK
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Angela –
A must have book for anyone working as a bookkeeper/accountant. Most of the examples and explainations were better than my college books.
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Ruth –
I was satisfied with all of the courses. They provided a good review and adequately prepared me for the exams.
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Elizabeth –
a must know for any bookkeeper! Wonderful explanation and examples along with study material. Every bookkeeper must understand adjusting entries! Recommend to all bookkeepers.
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Sheryl –
Felt material overall was good and informative. However, exams are too difficult.
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Mohamad –
I have read the manual.But have not completed the Final Exam (Optional). Well do so later and submit.
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