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
Joan –
The adjusting entries was great information.
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Tawnia –
Very good information
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Manaye –
I got it is an excellent book to learn in detail; accruals and deferrals.
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Guillermina –
I’m not a native English speaker, however, this course has the necessary and correct information to understand the Accounting cycle as well the test program. I’m so glad for it!
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Genmiao –
I like the book and the course materials.
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Alberto –
Very good organize.
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Bente –
Course is great.
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Joyce –
its approach is simple yet complete
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Ronald –
Easy to follow and simple
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Kelly –
Very helpful and informative! I love it!!
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Jesica –
Good course.
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Kathy –
Mostly review for me but it was helpful to see everything manually mapped out manually instead of computer generated reports.
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Lyndon –
Good, but kind of basic.
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Belinda –
This course is a great way to introduce or re-introduce you to the why and what for of adjusting entries.
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Miguel –
My satisfaction is very good. Thanks
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Akiko –
It is very easy to understand.
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Maria –
I’ve learned so much from these courses. I learned more with this course than I did at the local community college.
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Sandeep –
Very helpful
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Loraine –
Easy to understand and follow. 4.5
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Meng –
Course book is very helpful in preparing the exam. Highly recommended.
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Raenelle –
The Mastering Adjusting Entries book was a great resource for understanding adjusting entries. It was very clear and had great examples and illustrations. I would recommend this course.
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Mohammad –
good and understandable
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David –
Well set up. Easy to learn from. I would recommend the course.
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Shaw-Yune –
Everything’s simple and clear. Perfect introductory course for beginners. But I do like to know how some rules are defined; a platform for discussion or a website link for further information will be appreciated.
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Gentjana –
Perfect explanation and very well organized! I passed the exam with very high score because of this book!
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Miyuki –
Studying this material helped me pass the exam.
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Vilma –
Studying material seems complete and easy to use
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Nichole –
Great training materials ,and easy to follow. Provided excellent examples.
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Mohamed –
Great
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Jean –
It’s really helpful and I love it.
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