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
Charles –
This was book was helpful in passing the exam. The tests at the end of each chapter were very helpful
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Carlos –
Very good, great book.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Beth –
Great intro course for beekkepers to learn from.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Anna –
I learn alot from this booklet- great exercises.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Richard –
Very helpful
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Shirley –
Excellent tool for understanding adjusting entries and a get deak reference for those rarely used adjusting entries. When achieving a passing score on the self-exams, I think it would be beneficial to know which answers were missed and what the correct answer was.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Whitney –
Easy to follow instructions.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Shamese –
All the self study materials I’ve used so far have been straight to the point, and not giving more information than necessary. The double quiz at the end of each chapter reinforce the points that should be remembered. Would definitely recommend AIPB for any self study they offer.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Kent –
I find all of AIPB’s courses very through and informative. I found the course content easy to understand.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Sandra –
This helped me to understand the “language” of accounting, as well as how to do and the reason for doing certain types of entries.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Jeannine –
Very well written. This is the first AIPB course I took and I found the material to be very easy to understand. I have worked in accounting for years, and I believe the AIPB manuals are the best educational materials I have used.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Cindy –
Clear and easy to understand.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Benedict –
After taking this course, I am more confident now taking a job that requires journal entries. I was offered a job not too long ago that required journal entries but because I was not confident enough with journal entries, I turned down the offer. Except for trial balances that I did in the early stages of my career, I never had to do journal entries. However, now I can take on clients without problems.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Y –
Very easy to comprehend.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Keishia –
Helped me with understanding exactly how the adjusting entries work.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Luciano –
I think all this it is corectly.Your was making a big work on all this. Thank you. Luciano R Horta
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Jason –
Gave me all of the basics to begin making bookings in a general ledger. Gave me a new way to think about recognizing prepaid expenses.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Gerald –
Excellent
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Elizabeth –
I think the book is very good. It would be great if you could access these materials online.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Karen –
self study refresher course did not test
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Antony –
Excellent way to understand the entries explained in this course.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Shawna –
I still reference this 9 years later!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Maria –
The study guide was helpful with a lot of examples and a good explanation for the adjusting entries.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Deborah –
Learning the course of Adjusting Entries on your own was a little ha, but having some one teach you the course make it very easy to learning and understand.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Connie –
Wonderful refresher
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Shereme –
The material covered in the text book and final exam were comparable.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Melissa –
It was a solid course, but some of the wording was difficult to understand.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Enrique –
Well done, good preparation for adjusting entries.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Edda –
It was a very good refresher and review
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Walter –
EXCELLENT COURSE
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal