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
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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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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