4.57/5 stars (902 customer reviews)

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
List Price:
$49.00
Member Price: $39.00 (Members must log in to receive discounted pricing)

$49.00Member Price: $39.00

Clear
SKU: 9781884826252 Categories: ,

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 WorkBook, Online e-WorkBook

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!

 

Share your thoughts!

4.57 out of 5 stars

902 reviews

Let us know what you think...

2 reviews with a 3-star rating

  1. Kathy

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

    Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  2. Ruthven

    Great study material.

    Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

×

Login

Continue as a Guest