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. Carlotta

    Excellent but I felt that more time was needed on this subject.

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  2. Michelle

    This course has helped me to easily figure our what accounts to credit and debit when accounts are needing adjusted

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  3. Kristina

    The course and materials were very easier to understand.

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  4. Ariel

    The textbook was straightforward and informative!

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  5. Tonya

    Helpful

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  6. Lauren

    Great start to the course

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  7. Fred

    Good course

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  8. Evelyn

    Great information

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  9. Charles

    very good

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  10. Arris

    Easy to follow and understand what you’re learning…

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  11. Lori

    I thought this information was well presented. Very succinct.

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  12. Mohammad

    Very well described and in short. Quizes at end provided self testing. Their detailed answers provided why a certain answer was correct.

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  13. Abigail

    It has been 20 years since I took a course, I found the info to be helpful and with my job I think it was easy to apply and learn because I actually used it right away.

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  14. Avanti

    Thanks AIPB

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  15. Jean

    Excellent program. Very good explanations. I would really appreciate, however, that when submitting the results of the final test you not only indicate what was incorrect but you give the correct answer. I came away not having any idea what I should have put down.

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  16. Gayle

    The book is well written. The practice exam and quizzes covered everything on the exam.

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  17. Darlene

    This is a great course. It was exactly what I needed.

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  18. Basuram

    Is’still best

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  19. Amy

    Need interactive online study materials

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  20. Shaun

    I like the quizzes, and the examples are well written.

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  21. Rhonda

    This text was not very detailed at times.

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  22. Patrick

    This course is very practical. I would consider it to be the most important book out of all of the 6 books required for the CB title.

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  23. Ebony

    I appreciated this book it was a refresher to my Accounting Courses

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  24. Ruben

    Just as I mentioned above the material is more realistic than what it is presented on the textbooks, which is very theoretical. The adjusting entries material is, on the other ha, more practical.

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  25. Katherine

    I thought this course was written well and provided just the right amount of practice quiz’s. I especially like the open book test that I could photo copy and complete as many times as I needed.

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  26. Jannet

    I is a very good book

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  27. Tonya

    Awesome manual that has helped me tremendously at work in the accounting department.

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  28. Tamara

    Good review of information I learned years ago!

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  29. Geisy

    I’m not fluent in English, which costs me a little more time to beat all the content but I still clearly understand the content

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  30. Badewa

    The questions are eye opener ans appropriate.

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