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
Colleen –
Covered the most common aje’s.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Brandon –
Very helpful
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Luis –
The examples and exercises were great!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Gabriela –
Material should be available online as well.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Daniela –
Great course
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Nadine –
This course is detailed in teaching how to create adjusting Journal entries. It not only explains how to do the entry but, the impact the entry has on the financial statements. Very detailed and easy to understand.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Mary –
Very good review of accounting concepts.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Karl –
Excellent coverage of an extremely important bookkeeping function!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Starlette –
Good basic accounting course.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Ernesto –
Excellent book.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Kristine –
Very helpful material.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Hae –
Good resource to learn
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Gnenession –
The course is clear and precise. I don’t have no particular review to make.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Yim –
the course contents are easy to understand and precise. I would continue to take some other courses and would expect their contents to give more examples of how to manage it practically.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Thomas –
The lessons are laid out very clearly, it was easy to understand and absorb. It’s the kind of lesson book that I will continue to use as a reference into the future.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Tatiana –
Tons of examples, thorough and clear explanations
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Melanie –
Written well and easy to understand.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Jinky –
The book is good and easy to understand
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Menglu –
Useful test book
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Vince –
Very good review of adjustments.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Stephanie –
Very-thorough material! The quizzes at the end of each section really help!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Sarah –
Very well structured and examples are very helpful in understanding the material.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal