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
Christine –
This was a good review of material that was covered years ago in Accounting 101.
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Charles –
This was book was helpful in passing the exam. The tests at the end of each chapter were very helpful
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Carlos –
Very good, great book.
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Beth –
Great intro course for beekkepers to learn from.
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Anna –
I learn alot from this booklet- great exercises.
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Richard –
Very helpful
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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.
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Whitney –
Easy to follow instructions.
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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.
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Kent –
I find all of AIPB’s courses very through and informative. I found the course content easy to understand.
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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.
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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.
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Cindy –
Clear and easy to understand.
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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.
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Y –
Very easy to comprehend.
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Keishia –
Helped me with understanding exactly how the adjusting entries work.
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Luciano –
I think all this it is corectly.Your was making a big work on all this. Thank you. Luciano R Horta
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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.
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Gerald –
Excellent
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Elizabeth –
I think the book is very good. It would be great if you could access these materials online.
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Karen –
self study refresher course did not test
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Antony –
Excellent way to understand the entries explained in this course.
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Shawna –
I still reference this 9 years later!
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Maria –
The study guide was helpful with a lot of examples and a good explanation for the adjusting entries.
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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.
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Connie –
Wonderful refresher
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Shereme –
The material covered in the text book and final exam were comparable.
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Melissa –
It was a solid course, but some of the wording was difficult to understand.
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Enrique –
Well done, good preparation for adjusting entries.
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Edda –
It was a very good refresher and review
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