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
Adel –
Excellent
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Jennifer –
I didn’t actually take this course. I am CPE coordinator at my CPA firm and we purchase these to help our new hires. We find them very useful for refreshers for newly graduated, but inexperienced accountants.
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Charles –
Great examples!
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Terrence –
Very well written.
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Richard –
Well written, easy to understand course.
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Paula –
Excellent reference book.
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Shellanne –
Great refresher book. Examples were easy so that the concepts were easily understood.
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Frank –
Very useful and made easy to understand.
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Sladana –
I am satisfied with all AIPB books. Very informative and well written.
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Jaime –
The booklet was very informative and easy to follow. The problems reinforced the material which made the questions at the end easy to answer.
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Carole –
Love the course. I wish it was computerized.
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Tatiana –
A good theory base and explanation for the entries. But some of the questions are twisted and confusing.
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Meghna –
The topics are very well explained and the exercises after each and every chapter help a lot.
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Meredith –
The book made it extremely easy to understand how to record adjusting entries.
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Christopher –
The Adjusting Entries is a very good book for a student bookkeeper.
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Judy –
Well written, easy to understand and retain; examples and quizzes add an extra reinforcement to knowledge base.
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