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
Sharon –
good course
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Arthur –
My only complain is that non of these good books available in PDF, otherwise good job!!!!
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Mohammed –
Actually adjusting entries course is valuable,and the Acccurals and deferrals very immportant and it will give you power how to record adjusting entries for expense and revenue as perfect .I think a djusting entries is the main and basic course in accounting.
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Gaurang –
Good book but expensive
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Phyllis –
Very helpful and easy to understand.
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Joyce –
This was a really good course. I had some questions but I knew which questions I should ask and how to get help. I keep this one close by to review when I need help.
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Joyce –
Excellent; I referred to it many times during a review of former CPA’s work.
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Jenny –
Has been a while since I have studied this book, but seems like there were a few errors in the book and a few areas that could have been better explained, but overall was very good.
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Edie –
This study material was invaluable. I learned very much, and still use them today. Detailed explanations and easy-to-understand examples were given.
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Clarissa –
The course book I ordered on adjusting journal entries was very useful.
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Barbara –
The course was very informative and I use my book as a reference.
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Anna –
good
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Amy –
I liked how the material taught you how to do bookkeeping by GAAP standards.
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W –
Excellent course. Concise and to the point. Only covers information relecvent to the topics. Easy to read, understand and learn. Exercises reinforce and enhance learning.
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Victoria –
Good study course and practice.
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Tina –
A good workbook for understanding the period end procedure.
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Susan –
made it simple
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Samuel –
Thorough and eductive
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Peggy –
This is for everyday bookkeeping life. I refer back to this book all the time.
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Pamela –
Very clear, precise material and easily understood.
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Nina –
Practical
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Nimfa –
Very good. I just wish you can take the exam online.
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Montroe –
Great!
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Michelle –
Helpful in learning the basics
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Linda –
Very good. I thought there should have been more info regarding closing out exp and inc to Income Summary.
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Linda –
This book has helped me to understanding the basic procedures of accounting. I continue to use it everyday.
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Linda –
Good resources
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Lina –
Very helpful
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Laura –
good
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Lane –
I found the workbook very vague in a lot of area’s. Being married to a CPA, I had to have him read over the questions to see what he thought about the questions or answers. He had the same opinion that the questions was left open ended & could of had multiple answers.
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