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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What others are saying

  1. Yauheni

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

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  2. 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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  3. Carol

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

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  4. 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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  5. Ladonna

    Easy to comprehend and learn using the quizzes.

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  6. Jose

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

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  7. 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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  8. Ann

    Excellent review. Great resource!!

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  9. Alejandro

    excellent material

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  10. Md

    This is very helpful for entry level bookkeepers.

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  11. Ana

    Thank you for all the great information! This book is easy and they break it down step by step.

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  12. Ana

    The unit was very effective & precise.

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  13. Sammy

    Great product

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  14. Lucinda

    The text and examples are written in a logical and concise format that helped as a refresher course with use of examples that I used to apply and brush up on bookkeeping skills.

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  15. Chloe

    This course was very thorough and gave me the confidence I needed to make all year-end adjustments necessary and correctly.

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  16. Erin

    More thorough explanations and a format preferable to other bookkeeping classes I’ve taken. Very pleased!

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  17. Henry

    Very simplified, we’ll structured outline. I haven’t as yet taken the test though.

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  18. Jeff

    Great course – and content was perfect level for my needs

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  19. Cynthia

    I felt that the materials were clear and covered all areas.

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  20. Deborah

    Very complete and well-organized. Well worth the money.

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  21. Rhonda

    When I first started learning accounting, I had absolutely no clue whatsoever about what an adjusting entry was. After I read this book and did the exercises, I knew exactly what they were and how to explain it to others. I ended up being a professional accounting tutor at the university I was attending.

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  22. Priscilla

    Adjusting entries were difficult at fir, however the book and the instructor made it very easy to learn and apply.

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  23. Mary

    Very well organized in an easy to understand book.

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  24. Martin

    Good information

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  25. Dhruti

    This book is very easy to understand and each section has clear details.. So it’s easy to use….

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  26. Toni

    Sorry about the delay. I am very pleased with the course I am working on at this time. It is put in simple form which makes a complicated problem easier to understand. Thanks for following up. Toni Kehr

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  27. Claritza

    It is a great and informative book and is a great resource for me at my current job.

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  28. Carrie

    Currently working to obtain certification as a bookkeeper and choose this subject to read first from the 5 other titles. In the pa, I had worked for a small business in cash basis, so was really not sure how accrual basis worked until now! I found this book very useful in understanding accrual basis accounting. Also, it was so helpful to learn more on when to determine if its a debit or credit. For years, I was not clear and would make mistakes when it came to recording a transaction. Accounting software, such as QuickBooks / Xero and other software are helpful in recording most transactions, however, now that I have mastered this material on accrual basis, I find that it’s a MU, no matter if a calculator or software provides the same answer, it will never clearly answer your question in depth unless you understand how to apply debits and credits at the year end or other period of closing your books in accrual basis. Overall, I found this my go-to resource when I need to review any material to fully understand and keep it correct in my head. In fact, after passing the final exam, I took it again 2 months later and only missed 2. Overall, the material is this book is not overly explained, and provides great real business like examples to apply your knowledge, and the quizzes are a must in mastering the material in each section. Before taking the final exam, I read the book 3 times and took the quizzes over and over in each section before taking the final.¬†Feels good to finally understand this section of bookkeeping and look forward to the day I put it to use.

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  29. Ping-Yann

    Each chapter are easy to understand and review. Due to my personal vision issue, I have not read the 2nd book for four months, I am very fortune and my recovering is very fast.

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  30. Carlotta

    Wish they would spend more time on this class.

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