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
Robyn –
This is a good reminder of basic accounting principles
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Ping –
Good textbook.
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Patricia –
Wonderful review.
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Patricia –
very informative, and helpful
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Pamela –
Extremely pleased with this selection.
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Nadia –
I found the instractions clear and this is what I expected. I would recommend this course to other accounting professionals
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Myriam –
Very good, it was what I expected.
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Michale –
It has been a few years but all I felt it was a very good review and explained things to where it was easy to follow. The practice exercises help reinforce the material.
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Marshall –
i learned a lot
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Malathi –
Overall this course gave me the confidence to work in Accounts Department.
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Lydia –
Very good ..I really like it
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Lois –
Very thorough text that any bookkeeper should be able to understand and implement.
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Lloyd –
The book for this topic I thought was excellent. Simple to understand. If I had to recomend anythng that could improve any of your courses, would b.e to make them available in electronic form
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Laura –
Good refresher for any bookkeeper
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Kimberly –
i like that is breaks down the adjusting entries to a more understandable level the classroom books have so much to cover you dont get the details you need and this gives you the details better
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Kimberly –
Easy to understand. Quizzes were challenging.
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Kelli –
Very thorough.
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Katherine –
The chapters within this book were detailed and very reader friendly.
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Karen –
Always enjoyed journal entries and this textbook with quizzes made playing with the numbers fun.
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Jeffrey –
I though the adjusting entries book was a little easy but I understand it is for people with little experience.
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Geraldine –
The information was helpful, but some of the examples were not clear
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Emma –
Took the course sometime ago, but benefitted greatly from it.
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Elena –
helpful
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Diane –
This was a review for me having had college level accounting
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Diane –
Good tips to remembering how credits/debits work and learning beginning adjusting entries.
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Dethra –
The material was easily understood and took the stress of adjusting entries out of mu daily workload
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Deborah –
The course I took at FCC was excellent. Very well taught, by an extremely knowledgeable and experienced instructor.
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David –
Satisfactory study guide
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Cynthia –
Basic information approached in new ways
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Christine –
This was a good review of material that was covered years ago in Accounting 101.
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