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
Halina –
Very good book. Content easy to understand. After reading whole book, no problem to answer all Final Examination questions.
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Luellen –
Learned a lot through this course – it’s great to have the book on hand to use as a reference in my job at a CPA firm.
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Melia –
Taught me to understand how to make adjusting entries to bring the accounts into balance.
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Teri –
Never had to apply the knowledge yet, but it was easy to learn and reference. I think it was excellent if that is all to it!
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Narine –
This book made a difficult subject of accounting such as the adjusting entries so much more simple and easier to learn.
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Marion –
Helped with my current job duties.
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Lyudmila –
Had some information that I did not find in other bookkeepers manual and books.
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Laurel –
I wish there were lots more problems (quizzes).
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Kathy –
Was as expected
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Julia –
very good
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Frank –
I now have more confidence to make adjusting entries.
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David –
enjoyed
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Susan –
The class was great. Very informative!
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Norma –
This course is informative
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Nerissa –
Excellent, learned alot I did not know!
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Linda –
Having completed an AAS in Accounting, and using adjusting entries frequently in my work, I found this course to be a good review.
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Eui –
Simple and Easy to understand. Awesome!
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Dorothy –
I found all subject matters to be clear and easy to follow. If you struggle with the first section of a chapter, the quiz section will surely clear up any questions you may have. I felt very confident with each subject at it’s conclusion.
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Tina –
An excellent book for prepping for the exam.
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Martin –
Very good book.
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John –
Excellent. Still working through the materials and will test soon.
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Jie –
It’s so great! I learned more than I got from school.
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Cathy –
It would help to get tests back to see what was done correctly & what was missed.
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Brendan –
very informative and concise
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Alice –
Very informative
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Willy –
Excellent
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Tony –
Was easy to understand and covered the material could have used a few more examples/questions to assist someone who perhaps does not have an accounting background.
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Toni –
I am still in the middle of this text book. It is good so far
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Sheanette –
great
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Paula –
It has been 9 years, but what I can remember the information covered was good.
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