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
Ralph –
Made becoming knowledgable about how to adjust the books easy.
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Peiqi –
good. i think you should put more excerises or practice problem into the book. 
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Nina –
thorough
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Marianne –
excellent way to get prepared for the test
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Jemil –
Above expectation
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Guadalupe –
It is easy to understand
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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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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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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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Mary –
I would like to take the class online.
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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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Mohammad –
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Denise –
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Dwayne –
Great! This is what you need to know and here’s how to do it. Thank you.
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Kathy –
The material was informative and good practice to keep me up to speed.
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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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Ruthven –
Great study material.
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Mary –
Excellent
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Lisa –
Easy to follow.
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Dona –
THIS COURSE WAS EASY TO UNDERSTAND
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Crystal –
All courses I took prepared me well for the exam, were easily understood, and relevant.
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Ronald –
good
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