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
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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Christine –
For those with limited bookkeeping experience, it is helpful to use other reference material and resources in conjunction with the workbook in order to fully define bookkeeping terms. Otherwise this workbook is a good educational tool.
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Bernadett –
very helpful, easy to understa, i had taken NYU-SCPS classes in the same topics and this material is way better then what was provided by NYU. i believe i learned more on my own reading AIPB books then attending lengthy onsite classes at NYU
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Aldo –
good book
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Vijayalakshmi –
Very good book. Easy to understand
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Tony –
5
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Toichiro –
I was concise style and very easy to understand.
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Tia –
so far adjusting entries course is great. I just love the double quizes. However, I am have not completed the course.
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Thomas –
Sufficient information
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Tammy –
THIS COURSE JUST GAVE ME A LITTLE MORE KNOWLEDGE IN THIS AREA WHICH I APPRECIATE
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Sue –
Good class
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Stephanie –
Covers the basics.
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Solomon –
5
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Sherry –
I have a degree in accounting, but could not pass this credential after taking the assessment three times. There’s truly something wrong.
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Scarlett –
Good general reference book
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Ryan –
Good
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Rosemarie –
This has been my favorite course to date.
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Robert –
Very well written. The examples and Quizzes helped in learning the material.
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Robert –
It was a good introduction to the common terms of bookkeeping. The writing was clear and easy to understand.
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Rena –
This book has really helped me to better service my clients books on how to close out at the end of the accounting period with the proper journal entries to revenue and expenses.
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Rajpatty –
Used to date as my reference materials for current transactions.
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Rachel –
All the courses I took were very helpful and gave realistic scenarios to help me understand. I am able to refer back to those courses when and if needed. The cost of the courses are doable (not too expensive)and worth it. Thanks.
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Patricia –
This course was clear, concise, and informative.
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Norah –
Easy to understand .can improve by adding more exercises even an on line version and interactive can help
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Nirmala –
A+++! Great Book!
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Mimi –
helped with trial balance adjustments
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