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
Walter –
EXCELLENT COURSE
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Sharon –
good course
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Arthur –
My only complain is that non of these good books available in PDF, otherwise good job!!!!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
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.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Gaurang –
Good book but expensive
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Phyllis –
Very helpful and easy to understand.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
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.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Joyce –
Excellent; I referred to it many times during a review of former CPA’s work.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
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.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Edie –
This study material was invaluable. I learned very much, and still use them today. Detailed explanations and easy-to-understand examples were given.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Clarissa –
The course book I ordered on adjusting journal entries was very useful.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Barbara –
The course was very informative and I use my book as a reference.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Anna –
good
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Amy –
I liked how the material taught you how to do bookkeeping by GAAP standards.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
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.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Victoria –
Good study course and practice.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Tina –
A good workbook for understanding the period end procedure.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Susan –
made it simple
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Samuel –
Thorough and eductive
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Peggy –
This is for everyday bookkeeping life. I refer back to this book all the time.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Pamela –
Very clear, precise material and easily understood.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Nina –
Practical
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Nimfa –
Very good. I just wish you can take the exam online.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Montroe –
Great!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Michelle –
Helpful in learning the basics
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Linda –
Very good. I thought there should have been more info regarding closing out exp and inc to Income Summary.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Linda –
This book has helped me to understanding the basic procedures of accounting. I continue to use it everyday.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Linda –
Good resources
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Lina –
Very helpful
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Laura –
good
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal