4.57/5 stars (902 customer reviews)

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
Member Price: $39.00 (Members must log in to receive discounted pricing)

$49.00Member Price: $39.00

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SKU: 9781884826252 Categories: ,

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 WorkBook, Online e-WorkBook

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

902 reviews

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What others are saying

  1. Benjamin

    Clear and concise

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  2. Shaharier

    I got much help from this book. I recommend to anyone to read this book.

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  3. Virginia

    Great content but written a little more advanced than my skill level. I had to go online to fill in some of the gaps in my training. Perhaps students should be tested on their skills before receiving this course.

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  4. Amy

    There were alot of redundancies as far as cover the material then test and then further quiz on the material. Overall though very easy to explain and understand.

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  5. Jennie

    Very useful examples provided to help illustrate key points. Clear instructions. Course is practical to the profession today.

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  6. Amina

    I found the text to be easy to understand and assimilate.

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  7. Tianrong

    Helped me a lot.

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  8. Elizabeth

    A very well-written and comprehensive review.

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  9. Shari

    Very clear and easy to follow

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  10. Barry

    Found the book to be very detailed.

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  11. Cynthia

    Great refresher course!

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  12. Oliver

    Good resource. I found all exercises at a good level of difficulty. I would like this book included something about adjusting entries to intangible assets.

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  13. Evan

    Perfect workbook.

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  14. Jing

    very good

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  15. Jing

    very good

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  16. Lisa

    Good Information

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  17. Iryna

    Great

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  18. Miguel

    We are always adjusting

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  19. Tenia

    Very easy to understand. Plenty of practice. I really enjoyed studying from this book. Great tool to use for teaching yourself or even just brushing up.

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  20. G

    Excellent course very informative.

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  21. Elaine

    I finished the material just need to restudy this to take the final.

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  22. Stephen

    Very good class, but I have been working as an independent contractor to take the test. Still studying when I get the chance.

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  23. Phillip

    Satisfied with the overall experience.

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  24. Joanne

    lots of good information

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  25. Heather

    Very informative and easy to follow.

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  26. Adrienne

    Not for a beginner! Course presumes you have working experience or schooling.

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  27. Tod

    I took this course after the intro double-entry and found that this really reinforced what I had learned as well as gave me the necessary skills to conduct year-end posting. This book does not cover closing entries, however it does do a good job introducing financial statements.

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  28. Susanne

    Very helpful

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  29. Lucy

    This book is outstanding. I have enjoyed it. I am finishing it up now.

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  30. John

    Very clear and to the point.

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