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. Ralph

    Made becoming knowledgable about how to adjust the books easy.

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  2. Peiqi

    good. i think you should put more excerises or practice problem into the book. 

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  3. Nina

    thorough

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  4. Marianne

    excellent way to get prepared for the test

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  5. Jemil

    Above expectation

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  6. Guadalupe

    It is easy to understand

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  7. Ayse

    the courses were all well prepared and the quiz at the end of each book covered all the material studied. This is true for all six subjects listed here.

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  8. Sonya

    This book was very informative. It brought back things that I’d forgotten. Thanks for the up-to-date reminder!!

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  9. Deborah

    My review of the material for all of the differenct books is the same for each. They were fabulous. I read and did all of the test for all and would highly recommend. I also found the information invaluable even though I did not take the test as a certified bookkeeper. I refer to all of them often.

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  10. Mary

    I would like to take the class online.

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  11. Lawrence

    The course was concise and to the point. Very Good. The one complaint I have is that if a person wants to refer to a specific subject at a later date, there is no index that could be used as a quick reference find.

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  12. Mohammad

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  13. Denise

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  14. Dwayne

    Great! This is what you need to know and here’s how to do it. Thank you.

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  15. Kathy

    The material was informative and good practice to keep me up to speed.

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  16. Jose

    It provides everything you need to know in order to apply it and make descisions according to the accounting principles.

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  17. Ruthven

    Great study material.

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  18. Mary

    Excellent

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  19. Lisa

    Easy to follow.

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  20. Dona

    THIS COURSE WAS EASY TO UNDERSTAND

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  21. Crystal

    All courses I took prepared me well for the exam, were easily understood, and relevant.

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  22. Ronald

    good

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