4.57/5 stars (892 customer reviews)

$49.00

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
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: $49.00
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Description

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 Book, Online eBook

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

892 reviews

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What others are saying

  1. Lila

    Covers accrual and adjusting entries. A few of the practice problems were unclearly worded in my opinion.

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  2. David

    The information was very helpful and I really benefited from the information and the exercises.

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  3. Holly

    Questions were pretty much as expected

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  4. Guadalupe

    I really love all the quizzes and explanations for each section. All the content is very practical. The instructions are very clear to understand. Definitely, I’ll recommended it to my friends.

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  5. Angie

    I found this book both practical and user friendly. I will be keeping it and referring to it when needed.

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  6. Orlando

    More than 5 stars

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  7. Xianghua

    It really helps.

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  8. Paula

    Very helpful and straightforward. pii

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  9. Elsbeth

    I love this book! It is an easy self guided class. With all the quizes you know where you’re at.

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  10. Zulema

    Great resource.

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  11. Qais

    Good

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  12. Claude

    clear and easy to follow

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  13. Beth

    I’m reading and studying this book now. It is clear and understandable. I’m extremely happy with my purchase and excited about this help for preparation for becoming a certified bookkeeper.

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  14. Jose

    Great material!!!

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  15. Robin

    Very thorough, easy to follow and excellent preparation

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  16. Dianna

    Very easy to comprehend and the repetition in the exercises was very helpful.

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  17. Xin

    Clearly explained with helpful examples.

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  18. Caren

    I wish we have more practices/questions for better grasp or understandings of each subject.

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  19. Andrew

    I already took an Accounting 101 course, so this was more of a review for me. Regardless, I found the course to be a good review and everything was explained clearly to me.

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  20. Kathleen

    This was interesting my experience with aje has been limited to working for one company. For instance, we never post transactions for prepaids to expense accounts. Always use prepaids and then amortize monthly.

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  21. Gerardo

    Very clear and concise. Quizzes at the end of chapters did well to prepare me for exam.

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  22. Matt

    This book was very helpful and helped exlpain things about adjusting entries.

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  23. Muhammad

    Course curriculum its really professional. Its recall my mind which I had study before.

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  24. Yauheni

    All the material is clear to understand and very easy written. Good job, guys!

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  25. Sherry

    It was mainly good, I felt some of the questions were trick questions. However, the material was easy to follow, and I felt I truly understood each section. The quizzes helped verify that I did comprehend everything.

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  26. Carol

    The information was detailed and explained things well for the non-CPA.

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  27. Brenda

    Some of the class was a bit confusing as to how far to take the solution process but other than that it was pretty succinct.

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  28. Ladonna

    Easy to comprehend and learn using the quizzes.

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  29. Jose

    I am happy with the course. It explains very clear and really good exercise with good explanation.

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  30. Donna

    A surprisingly challenging course. I am an experienced bookkeeper and picked up this course to help explain concepts to a new employee but ended up refreshing my skills quite a bit. If any bookkeeper needs clarity on accrual-based entries especially, THIS is the course to take.

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