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
Michelle –
It was very informative and easy to follow along.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Michele –
Very informative. Easy to follow/understand.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Maxine –
I would rate this as a five out of five stars. The book is well put together, the quizes are extremely helpful at judging one’s retention of the data. I am very happy so far with the course work. My supereriors at Purdue University plan on offering the course to other staff members when I have completed my exams.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Mary –
This is a great book. Great practice or great refresher too.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Mary –
This course material has been very helpful. I never completed the exam though.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Marlise –
This course is also very helpful and everybody in accounting should take it.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Mark –
very good
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Maria –
to it was a very interesting course
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Lynell –
This one gave me the confidence to know that I can take a company through the adjusting entries to the financial statements.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Lori –
I found that I did not prepare/study enough. Multiple choice questions can be very difficult.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
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,
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Lisa –
This course had a lot of detail on how to properly record adjusting entries.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Linda –
learned a lot
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Laura –
The instuction Information was very helpful and testing was very convenient
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Kimberlee –
Great Expample sections with practice questions. Very Helpful.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Kianoush –
It was great.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Kerrianne –
Very helpful to have this book/course material as a resource
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Kerrianne –
Very helpful to have this book/course material as a resource
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Kenneth –
Excellent. Course was clear,practical and covered beyond the basics.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Kelly –
Very informative and easy to learn
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Kathleen –
I have not started this study yet. However, I would not have purchased it if I didn’t feel it would help.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Karl –
Very informative and easy to understand.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Karin –
Helpful exercises
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Judy –
Took in 2003. Was fine course.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Joyce –
I learned a lot from this course.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Joyce –
Easy to understand
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Jose –
an excellent book
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Jill –
Course material was concise and easy to grasp
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Jeremy –
Great introductory course to adjusting entries. Covers all of the basics.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Jennifer –
Informative and educational.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal