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
Kirilka –
I love this book. It help me a lot to understand the basic of accounting.
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Karry –
This was an excellent introductary course for someone starting out in the bookkeeping profession.
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Karry –
This was an excellent introductary course for someone starting out in the bookkeeping profession.
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Karen –
So far so good. Clear explanations and good quizes. I am on Section 7 of 8.
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Joy –
It was very helpful as a resource
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Joseph –
Very helpful
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Grace –
Found it very easy to follow and understand. Better then college
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Genowefa –
5
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Eva –
Good basic course
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Dewey –
Very helpful
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Debra –
Excellent review of adjusting entries.
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David –
Excellent overview.
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Carol –
This course gave you a basic understanding of adjusting entries.
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Bundance –
This was a wonderful and informative course!! Easy to follow and understand!!!
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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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Beverly –
It was excellent. Use it all the time to refresh my mind.
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Anna –
Practical and easy to follow.
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Anita –
No comments.
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Angela –
great course
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Ahmad –
Very good books and easy instruction.
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W –
Due to an extended illness I am just beginning this one. So far, I am impressed.
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Sanjivani –
excellent
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Rita –
I took the test almost 3 years ago. Yes, very satisfied.
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Rebecca –
Much useful information.
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Patricia –
I found the corrections to the original printed matter difficut to follow, but the course was very good.
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Patricia –
Excellent source of information, would highly recommend it to others!
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Margaret –
Loved it
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Linda –
Helped me to understand why certain entries are made
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Kris –
Learn a ton! Loved the easy to follow training.
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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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