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
Marlise –
This course is also very helpful and everybody in accounting should take it.
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Mark –
very good
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Maria –
to it was a very interesting course
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Lynell –
This one gave me the confidence to know that I can take a company through the adjusting entries to the financial statements.
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Lori –
I found that I did not prepare/study enough. Multiple choice questions can be very difficult.
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Lorena –
These apopear to be very good. I was unable to start and complete the course due to working 3 jobs at the time. I am semi-retired and would like to do the courses now if it is not too late,
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Lisa –
This course had a lot of detail on how to properly record adjusting entries.
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Linda –
learned a lot
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Laura –
The instuction Information was very helpful and testing was very convenient
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Kimberlee –
Great Expample sections with practice questions. Very Helpful.
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Kianoush –
It was great.
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Kerrianne –
Very helpful to have this book/course material as a resource
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Kerrianne –
Very helpful to have this book/course material as a resource
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Kenneth –
Excellent. Course was clear,practical and covered beyond the basics.
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Kelly –
Very informative and easy to learn
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Kathleen –
I have not started this study yet. However, I would not have purchased it if I didn’t feel it would help.
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Karl –
Very informative and easy to understand.
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Karin –
Helpful exercises
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Judy –
Took in 2003. Was fine course.
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Joyce –
I learned a lot from this course.
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Joyce –
Easy to understand
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Jose –
an excellent book
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Jill –
Course material was concise and easy to grasp
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Jeremy –
Great introductory course to adjusting entries. Covers all of the basics.
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Jennifer –
Informative and educational.
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Jennifer –
Helped a lot in understanding double entry accounting.
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Jennifer –
Already knew this info and was a great refresher course.
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Jeanie –
Very Helpful.
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Jean –
Every course provide by AIPB are very helpful for anybody even if for people who do not learn accounting befofe. Ajusting entry put me in the right accounting todaay. A+ is your grade
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Irene –
Very good information.
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