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
Tonya –
Awesome manual that has helped me tremendously at work in the accounting department.
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Tamara –
Good review of information I learned years ago!
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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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Badewa –
The questions are eye opener ans appropriate.
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Aaron –
Great
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Katherine –
The course was Informative and understandable. Practicing the problems added another level of understanding. I’m considering bookkeeping certification in the near future.¬†
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Rashmiben –
Very thorough and to the point book. I gained very good knowledge and understanding of this skills. It is really helping me for my current study.
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Victoria –
The book was exactly what I needed to pass the exam.
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Joann –
Good overview.
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Elizabeth –
Concise, clear, good examples.
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Brenda –
Clear, step-by-step teaching.
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Nathaniel –
5 Stars.
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Preeti –
Very lucid…and easy to understand
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Madalina –
Was very helpful
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Jesus –
The step by step explanations help me understand the concepts. I recommend this course.
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Irmarie –
Very simple to understand .
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Adina –
I bought this course, and I think is the best from everyone I tried before. the problems I
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Jacqueline –
The book was very easy to follow and I appreciate the exercises to reinforce the lessons.
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Yasumasa –
helpful for my work
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Jose –
Is very profesional
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Tammie –
Extremely difficult and confusing. I haven’t found any other courses so far to be this difficult. I strongly believe that there should be an introductory course on JUST journal entries-what they are, why they’re important, purpose, how to manually reco, etc.. It’s such important foundational knowledge to have with all this stuff, especially as a long time Quickbooks user who doesn’t ever manually do journal entries.¬†
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Md –
good
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Pedro –
Very good, clear instructions, practical easy to learn and practice acquired knowledge.
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Nanci –
Good material.
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Yu –
Great materials! Kudos to the writers of this book.
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Tim –
A very good study guide
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Ram –
Excellent
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Kathryn –
Great first book in the series. Very step by step and straight forward
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Anne –
Thorough course, helps to have some accounting knowledge.
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Josy –
This course really help me to understand more to do adjusting entries
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