4.57/5 stars (899 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

899 reviews

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23 reviews with a 5-star rating

  1. Wanda

    Thorough training, full of information

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  2. Myra

    I loved the Mastering Adjusting Entries class. I really learned a lot. When I took accounting in college, the professor when through the material so fast that it was hard to comprehend. With this class I learned the correct way to do adjusting entries. Thank you so much for this book and class.

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  3. Bridgette

    Easy to follow, informative, good examples given

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  4. Rosana

    I found the book to be user friendly and easy to learn and follow.

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  5. Delia

    Very informative and clear on the material.

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  6. Bruce

    Am glad am part of this class, it has enlightened my knowledge more about what bookkeeping meant. MAterials are helpfull and our instructor, Sterlings Porter CPA was ready to let us understand it more

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  7. Lila

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

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  8. David

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

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  9. 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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  10. 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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  11. Orlando

    More than 5 stars

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  12. Xianghua

    It really helps.

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  13. Paula

    Very helpful and straightforward. pii

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  14. 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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  15. Zulema

    Great resource.

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  16. 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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  17. Jose

    Great material!!!

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  18. Robin

    Very thorough, easy to follow and excellent preparation

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  19. Dianna

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

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  20. Xin

    Clearly explained with helpful examples.

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  21. 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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  22. 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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  23. Muhammad

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

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