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
Heather –
Excellent material – useful in my current position
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Gias –
It’s Outstanding.
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G –
Intersting but the final exam questions there is no answer to check .
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Frank –
Well organzied and detailed
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Frances –
good
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Fatima –
*****
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Evonne –
It’s clear and right to the point, nothing redundent!
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Evelyn –
I like the boof format, it gave a lot of information and a lot of examples to illustrate different scenarios.
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Eva –
Very good , easy to learn
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Esther –
i have not completed this yet
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Dina –
5
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Diana –
The course was beneficial. It filled in the blanks on some of the bookkeeping skills I lacked
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Dee –
Very Good
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Debbie –
Well set out and easy to understand.
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Debbie –
Good course – passed that portion of the test.
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Daniel –
Excellent
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Damian –
very good
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Cynthia –
great course. very useful.
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Corina –
Felt the book was written very clearly and easy to follow. Self Tests are good in the back of the book.
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Cecilia –
The book is good.
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Catriona –
I think that this course was excellent; I have taken many difficult college business courses at Baruch college in NYC and I learned just as much or even more from this AIPB course. It was not easy though and I found that I had to go through each section up to around 3 times and repeat each section test several times to get a good grasp of the material.This paid off because I sailed through the exam. I would really recommend this course, and have to all my friends, as a way to get ahead and gain a great insight into accounting. Very pleased I took the time to complete this course.
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Brooke –
Helped me to understand the basics of accounting.
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Bridgette –
It was simple enough to grasp and I really liked the way it was put together. It was really helpful.
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Bonnie –
I found this course easy to understand and presented in a way that promotes retention. I look forward to completing all of the AIPB courses as I can afford them.
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Bonnie –
good coverage of all aspects
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Bob –
The course is set up as more of an Accounting level course than for bookkeeppers. Information is good for review to keep skills polished.
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Bj –
needs index
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Benita –
Good overall review of adjusting entries. Would have like more practice problems.
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Augustine –
Simple and straightforward
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Atanas –
Explanations are understandable and completely enough to past the test. I do not think can start bookkeeping practice just by completing the courses in the program. You can try to work for somebody but not as a bookkeeper for yourself serving other firms. I have not worked in this field since I had other job and I can not tell you if your course matches the requirements of the employers. Also, nowadays most things are done by computer software (bank reconciliation etc) and this is missing from your courses.
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