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
Kathy –
a breeze – had learned it already in Financial Accounting at community college. Used google to refresh concepts that were not fresh in my mind. My opinion is that if one has never had formal accounting courses from a community college or university then the concepts in all the modules will be very hard to grasp, unless the user is very good at finding websites that delve further into the subject.
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Julia –
Course was well written and provided a good review of adjusting entries
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Jean –
EASY TO UNDERSTAND
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Janet –
I work in public accounting and am responsible for bookkeeping and accounting for a large number of clients. All the courses have been helpful in providing my clients with accurate books and financial statements.
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Janet –
Adequate
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James –
Adjusting entries provided excellent course coverage
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Ibhate –
EXCELLENT
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Helen –
Rate 4 stars
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Giovanni –
Stimulating and well organized questions.
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Gayle –
Very good
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Firdous –
Very knowledgeable, Need more details & examples
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Donna –
Good information.
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Deneece –
Good
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Deanna –
it has helped me quite a few times.
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Dawn –
If you’re not doing adjusting entries, you’re most likely just keyboarding. Learn how to be a real bookkeeper with AIPB and this course!
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Beth –
Liked the format and review quiz set up.
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Becky –
I felt it was a great book. I already knew most of the information, but that was due to experience.
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Natalie –
No comment
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Carol –
I just wanted to say, it is too difficult to study on my own time, many interruptions at home. Work much better with a structured class environment. Any chance of having classes like a community college? I know I could get through it then.
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Odilia –
Every single book that I had got, it had have been beyond my expectation. I wish had knew before about your Organization.
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Janis –
Worth every penny. Concise and easy to understand.
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Carla –
This course was straightforward and easy to understand.
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Melinda –
The study guide was helpful in for preparing for the test.
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Kathy –
Very helpful
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Cyril –
The course is very interesting. It reminded me of a lot of things I forgot.
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Theresa –
I am still working on studying this book. Hopefully I can take my test soon.
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Sandra –
Comprehensive and it re-enforces entries I already make for my current position.
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Samuel –
Very superb and well training material
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Patricia –
The book was very informative and I believe studying it will help me in passing the exam. I just wish the book was available in electronic format.
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Naseem –
I am very pleased with the services and the help we get from AIPB, in every matter!
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