4.57/5 stars (902 customer reviews)

Learn to set up the trial balance, compute and record all end-of-period adjustments and present the adjusted trial balance. You now have everything needed for the financial statements and tax return. Double-quiz in each section assures that you master it.

ISBN: 9781884826252
List Price
: $49.00
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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

Additional information

Book Type

Softcover WorkBook, Online e-WorkBook

Series

Certified Bookkeeper Course Series: Everything you need to study for the national CB exam

  • Complete preparation for the national Certified Bookkeeper exam!
  • Double-quiz in every workbook section assures mastery of every skill!
  • Workbook quiz questions mimic the national exam questions!

 

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4.57 out of 5 stars

902 reviews

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What others are saying

  1. Kirilka

    I love this book. It help me a lot to understand the basic of accounting.

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  2. Karry

    This was an excellent introductary course for someone starting out in the bookkeeping profession.

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  3. Karry

    This was an excellent introductary course for someone starting out in the bookkeeping profession.

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  4. Karen

    So far so good. Clear explanations and good quizes. I am on Section 7 of 8.

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  5. Joy

    It was very helpful as a resource

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  6. Joseph

    Very helpful

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  7. Grace

    Found it very easy to follow and understand. Better then college

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  8. Genowefa

    5

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  9. Eva

    Good basic course

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  10. Dewey

    Very helpful

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  11. Debra

    Excellent review of adjusting entries.

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  12. David

    Excellent overview.

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  13. Carol

    This course gave you a basic understanding of adjusting entries.

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  14. Bundance

    This was a wonderful and informative course!! Easy to follow and understand!!!

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  15. Bonnie

    It has been quite a while since I took these courses but I thought they were all easy to follow, gave good practice questions and gave a good overview of the subject.

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  16. Beverly

    It was excellent. Use it all the time to refresh my mind.

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  17. Anna

    Practical and easy to follow.

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  18. Anita

    No comments.

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  19. Angela

    great course

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  20. Ahmad

    Very good books and easy instruction.

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  21. W

    Due to an extended illness I am just beginning this one. So far, I am impressed.

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  22. Sanjivani

    excellent

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  23. Rita

    I took the test almost 3 years ago. Yes, very satisfied.

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  24. Rebecca

    Much useful information.

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  25. Patricia

    I found the corrections to the original printed matter difficut to follow, but the course was very good.

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  26. Patricia

    Excellent source of information, would highly recommend it to others!

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  27. Margaret

    Loved it

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  28. Linda

    Helped me to understand why certain entries are made

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  29. Kris

    Learn a ton! Loved the easy to follow training.

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  30. Kenneth

    I thought each of the courses was right on target. They were a very good source for review for me.

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