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
Muhammad –
Course curriculum its really professional. Its recall my mind which I had study before.
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Yauheni –
All the material is clear to understand and very easy written. Good job, guys!
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Carol –
The information was detailed and explained things well for the non-CPA.
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Ladonna –
Easy to comprehend and learn using the quizzes.
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Jose –
I am happy with the course. It explains very clear and really good exercise with good explanation.
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Ann –
Excellent review. Great resource!!
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Alejandro –
excellent material
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Md –
This is very helpful for entry level bookkeepers.
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Ana –
Thank you for all the great information! This book is easy and they break it down step by step.
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Ana –
The unit was very effective & precise.
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Sammy –
Great product
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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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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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Erin –
More thorough explanations and a format preferable to other bookkeeping classes I’ve taken. Very pleased!
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Henry –
Very simplified, we’ll structured outline. I haven’t as yet taken the test though.
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Jeff –
Great course – and content was perfect level for my needs
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Cynthia –
I felt that the materials were clear and covered all areas.
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Deborah –
Very complete and well-organized. Well worth the money.
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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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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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Mary –
Very well organized in an easy to understand book.
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Martin –
Good information
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Dhruti –
This book is very easy to understand and each section has clear details.. So it’s easy to use….
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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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Claritza –
It is a great and informative book and is a great resource for me at my current job.
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