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
Marilyn –
The course was informative, but there were several errors. Whoever edits the course needs to do a better job. However, it enabled me to pass that part of the exam, so overall I was pleased.
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Jackie –
Great book! Very easy to read.
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Elsie –
The explanations and examples are clear and easy to follow.
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Deborah –
good
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Cynthia –
It was a while ago that I finished this course, but I don’t remember having any complaints!!
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Christy –
I found the course helpful with the thought process of how & why adjusting entries need to be made
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Carleen –
Very helpful!
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Bozena –
Excellent
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Ashraf –
I AM TOTALLY SATISFIED FOR THE INFORMATION YOU SEND IT TO ME , IT IS REALLY HELPFUL … THANK YOU SO MUCH .. GEORGE
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Yvonne –
Excellent Course! Taught in a way that is easy to grasp.
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Wanda –
Really graps the concept of adjusting entries
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Timothy –
Very happy
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Susan –
This course would help even the most experienced bookkeeping to refresh their skills
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Nancy –
good course content
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Lorna –
Not having any formal education in accounting, I was able to follow it and pass the test. Thank you
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Julia –
Clear and concise.
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Donna –
topics were well expained and good sample problems were given.
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Yang –
good
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Victorita –
Nice examples
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Saqib –
Failure to do Accruals and Defferals at the period end are how important to find out accurate profit & Loss A/c and Balance Sheet of a company.
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Pamela –
Very helpful
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Pamela –
Great workbook. Good to keep at your desk for reference material.
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Michael –
The absolute best explanation of this subject matter. I was able to finally understand the ins and outs of adjusting entries. Excellent!
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Maryann –
Excellent course – clarified some questions I always had
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Marilyn –
Very thorough, good info.
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Linda –
No problems, clear and to the point.
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Joni –
By the time I completed the workbook, I felt I had a good working knowledge of adjusting entries.
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John –
Excellent course, whether it’s your first time being introduced to accounting and bookkeeping concepts, or as a primer for someone with a degree and experience but who’s been away from it for some time.
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Jean –
Gave a good picture of the basics of accounting. I never received the answers to incorrect problems after I submitted the completed final exam to AIPB.
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Harry –
very comprehensive
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