4.57/5 stars (892 customer reviews)

$49.00

Learn to set up the trial balance, compute and record all end-of-period adjustments and present the adjusted trial balance. You now have everything needed for the financial statements and tax return. Double-quiz in each section assures that you master it.

ISBN: 9781884826252
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: $49.00
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Description

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

Additional information

Book Type

Softcover Book, Online eBook

Series

Certified Bookkeeper Course Series: Everything you need to study for the national CB exam

  • Complete preparation for the national Certified Bookkeeper exam!
  • Double-quiz in every workbook section assures mastery of every skill!
  • Workbook quiz questions mimic the national exam questions!

 

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4.57 out of 5 stars

892 reviews

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  1. Viateur

    very very appreciated to learn that

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  2. Kathleen

    I thought the course materials were great. Examples & practice tests help my confidence going into the test at Prometric. However, the practice exam was nothing like the Prometric exam. I ran out of time and almost failed!

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  3. Deborah

    Easy to follow. Double quizzes helped reinforce terms.

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  4. Rebecca

    This course helped me solidify existing knowledge. I am much better at adjusting entries after taking the course.

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  5. Darrell

    Good course to take if it is a refresher to keep on top of one’s craft.

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  6. Susan

    The text was clear and understandable

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  7. Octavia

    I thought the course information was detailed, well written and easy to understand. I plan on moving forward with the next course.

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  8. Astrid

    The books are very well documented with theory and exercises to practice it. You know how to explain things in an easy way that make you feel very confident about the subject I am learning. Thanks.

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  9. Alejandro

    Good information on one used the adjusting entries, reminded me of the principal accounting course..

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  10. Phuong

    This course is really practical. I start the course with zero knowledge about accounting, and now I understand how we should records a company book. I feel so happy and excited to take the next course for my bookkeeper career

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  11. Susie

    Information was easy to follow.

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  12. Jie

    Help and great

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  13. Deidree

    I like how the book is short, simple, straight to the point and easy to learn. The quizzes at the end of each chapter is very helpful to my learning process.

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  14. Annie

    I learned a lot.

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  15. Crystalena

    Easy to understand

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  16. Vanessa

    I found the book to be very informative with user friendly examples for understanding.

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  17. Julie

    easy to study, great course

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  18. Candice

    I was taking ab accounting class at the same time and passed every test. The tests are terrible to understand. Without feedback on the incorrect answers it makes learning the necessary information difficult.

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  19. Nina

    Great content.

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  20. Brian

    Very good

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  21. Jesse

    I am not yet certified, though I have been a bookkeeper for almost 3 years and all my education has been on-the-job. I purchased this course in hopes of learning how the fundamentals of bookkeeping work, because so many things go on behind the scenes when you use Quickbooks. There isn’t a lot of explanation of basic concepts (what do we mean by “ledger”?, why does a bank debit show as a credit in a journal entry”?, etc.), but I found answers to most of my basic questions elsewhere, and I found the repetitive nature of the workbooks kind of helpful. I think the bottom line is that just committing to the program forced me to scavenge information wherever I could get it, and I have become a much better bookkeeper since starting the AIPB program.

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  22. Gladys

    I love the way this book is written and the study guides are easy to use.

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  23. Phuong

    Good course but I wish more practice exercise

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  24. Wanda

    Thorough training, full of information

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  25. Myra

    I loved the Mastering Adjusting Entries class. I really learned a lot. When I took accounting in college, the professor when through the material so fast that it was hard to comprehend. With this class I learned the correct way to do adjusting entries. Thank you so much for this book and class.

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  26. Bridgette

    Easy to follow, informative, good examples given

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  27. Rosana

    I found the book to be user friendly and easy to learn and follow.

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  28. Diana

    5th pod needed to read it more than once

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  29. Delia

    Very informative and clear on the material.

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  30. Bruce

    Am glad am part of this class, it has enlightened my knowledge more about what bookkeeping meant. MAterials are helpfull and our instructor, Sterlings Porter CPA was ready to let us understand it more

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