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
Pamela –
Great addition to my bookkeeping library
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Menglu –
Useful test book
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Vince –
Very good review of adjustments.
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Stephanie –
Very-thorough material! The quizzes at the end of each section really help!
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Sarah –
Very well structured and examples are very helpful in understanding the material.
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Michael –
Excellent, very detailed and easy to understand.
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Karen –
Good refresher course.
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Janine –
The course was very easy to work through the text book, quizzes and the final examination. It was a nice refresher for handling adjusting entries especially those with bad debt.
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Tiffany –
Tracks with everything I’ve ever been taught
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Rupert –
Very informative
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Scott –
Mastering Adjusting Entries, for me, was a foundational financial accounting book. It clearly showed the process of utilizing the trial balance to generate financial statements. It’s an easy read and full of great examples/quiz questions. I really like the structure of the AIPB books; concise, easy to understand chapters with examples and plenty of problems to work in the form of 2 quizzes after each chapter. It’s hard not to learn the content!
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Shuling –
Simplified yet right-to-the-point characterization of accounting rule regarding adjusting entries, very helpful in aiding me reflecting and reviewing accounting rules I have learned back in college.
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Catherine –
Clear and easy to read
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Jose –
I am completely satisfied. Thanks a lot!!!
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Dawn –
I learned so much
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Terecita –
Somewhat hard to follow in a comprehensive way but good overall
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Rameshwor –
It is very useful and hope it will enough to prepare the CB exam because I am VERY new user and 100% useful
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Nicolle –
Easy
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Laura –
Clear and concise. Easy to read and two beneficial quizes, with detailed explanation of correct answers, in each chapter. Can always be used as a reference now.
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Gwendolyn –
very informative have not taken test yet though.
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Abelardo –
Very comprehensive, easy to understand.
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Deborah –
Great book!
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Lori –
The material covered provided a good overview.
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Luisito –
The back to back quizzes after the chapter is very helpful.
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In –
Good.
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Margaret –
I keep my adjusting entries book with me at all times when I am working at my accounting job. It is so handy to have when I have a question about an adjusting entry.
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David –
I read twice already. It is easy to follow and through. I hope it will help me pass the Certification Exam.
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Colin –
The information is relevant and accurate. I give a 9 out of 10 very satisfied
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Donna –
Great course. Lot of detail on the ins and outs of AJE’s.
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Yanting –
Very easy to understand
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