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
Astrid –
excellent review of the basics
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Annie –
excellent very easy to understand
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Annette –
This course helped to give me a clearer understanding of adjusting entries. This has aided me greatly in training other staff. A wrong entry can make a huge error and this course helps to elivate this from happening.
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Anna –
I learned alot from the book which made it easier to take the exam.
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Amy –
It was a good course.
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Amitabh –
Simple and Great
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Ali –
I’ll preparing my self to appear in certificate exam soon.
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Alexis –
I am in the process of completing this course. I find the material easy to dige, and the explanations and examples are clear and concise. Bookkeeping and accounting material is often a little confusing at fir, but this course provides such clear and easy explanations, that the concepts fall together easily.
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Alan –
Good – covers most standard situations
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Adriana –
The Material is practical and you can dominate the subject very fast
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Zhenyuan –
It’s enough for job.
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Yvonne –
tough
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Wendy –
The course material was informative and well paced.
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Wendell –
Not completed. Bought this book for reference as needed.
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Tricia –
I liked the material in this workbook. I do not like the typeface/font in this book. I can’t quite put my finger on it, but something about it makes it difficult to read.
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Terry –
Took this course a long time ago. I liked it, but could have used more exercises to practice
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Terrie –
I took this course a few years ago, I liked it.
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Swan –
Really good review of adjusting entries which I learned in my first accounting class. I wish there were more problems at the end of each chapter for the 2 quizzes.
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Susanna –
It’s very concisely written and detailed, though the knowledge is basic, the course helps to drill in basic accounting principles, which is what you need to be a good bookkeeper. I found the double quizzes at the end of each chapter to be extremely helpful, hopefully I will do well on my test that is scheduled for October 15. I am still going over the material until then, so hopefully the material is what I need to pass the exam.
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Susan –
This was a very good lesson, and helps to reinforce what you do know, and add knowledge on the things you are not real sure about
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Susan –
This was a great review, but I especially like the logic used in the explanations. I especially liked the quizzes for really reenforcing the material. This was a much more thorough and clearer presentation than the text from college.
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Susan –
I enjoyed this course.
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Susan –
Easy to understand. I really like the way these books are all broken down to easy to read chapters and then the reviews throughout the book.
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Simon –
Proper and related subjects
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Shobhana –
The book-material is easy to follow and informative. The quizs at the end of each chepters are helpful for taking the state tests.
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Sherry –
Good training.
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Sherry –
Extremely helpful book!
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Sevan –
It was good
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Sarah –
Complete entry calculations
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Sally –
Good review of what I learned in school.
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