4.50/5 stars (733 customer reviews)

$49.00

You start by learning how to do the monthly bank reconciliation and move on to uncovering and correcting errors in the trial balance and in the accruals and deferrals. Double-quiz in each section assures that you master it.

ISBN: 9781884826269
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$49.00
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SKU: 9781884826269 Categories: ,

Description

130 pages [67 self-teaching + 63 self-quizzes with detailed answers]

Section 1: Where errors occur and how to find them. 10 common causes of errors. 5 areas where most errors occur. How to analyze errors to correct them.

Section 2: Performing the bank reconciliation. Step-by-step instructions on how to do a bank reconciliation and record the required journal entries. How to correct errors found on the bank statement or in the ledger Cash account.

Section 3: Using the trial balance to find errors. Finding and correcting errors in the trial balance or errors that do not show up on a trial balance.

Section 4: Correcting current-period accrual errors.

Correcting accrued expenses: How to correct an accrued expense recorded for too little or too much or omitted entirely. Correcting journal entries when the expense was originally recorded in an expense account v. a prepaid (asset) account. Impact on the financial statements if each kind of error is not corrected.

Correcting accrued revenues: How to correct accrued revenue recorded for too little or too much or omitted entirely. Correcting journal entries when the original entry was recorded in a revenue v. unearned revenue account. Impact on the financial statements if each kind of error is not corrected.

Section 5: Correcting current-period deferral errors.

Correcting deferred expenses: How to correct too little or too much expense recognized or deferred. Correcting journal entries when the prepayment was recorded in an expense account v. prepaid (asset) account. Impact on the financial statements if each kind of error is not corrected.

Correcting deferred revenues: How to correct too little or too much revenue recognized or deferred. Correcting journal entries when a payment received in advance was recorded in a revenue v. unearned revenue account. Impact on the financial statements if each kind of error is not corrected.

Publisher: AIPB

Additional information

Book Type

Softcover Book, Online eBook

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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4.5 out of 5 stars

733 reviews

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What others are saying

  1. Pravin patel (verified owner)

    Nice material and explanation.
    easy to understand.

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  2. Janice Lima (verified owner)

    Great course

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  3. Angelique Broussard (verified owner)

    Verify informative and helped with figuring out my day to day tasks

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  4. Dennis (verified owner)

    Material great, presentation great, I just need more practice.

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  5. Maurice (verified owner)

    Great practice and learned how to spot errors I didn’t know existed before the class.

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  6. Joseph (verified owner)

    The test asked questions mostly not in the Practice sessions; Plus the time factor was not enough to answer the Questions ; failed twice , hope things would get better

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  7. Katie (verified owner)

    It was simple and moved quickly. I have never been a fan of standardized testing, though, because I always have questions about the questions.

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  8. Dia (verified owner)

    Thank you!

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  9. Yumiko (verified owner)

    Overall the explanation is easier to follow as self-studying.

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  10. Astrid (verified owner)

    The course helps me to pay attention to specific accounts without abandon others. Perfect course.

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  11. Elce (verified owner)

    Good

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  12. Branislav (verified owner)

    The same with this, both tests helped me to better understand the US bookkeeping principles and practice.

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  13. Linda (verified owner)

    Material was outdated.

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  14. Colin (verified owner)

    5 stars

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  15. Jennifer (verified owner)

    I enjoyed this course in understanding a quicker way find and locate errors. I found it very useful.

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  16. Jean (verified owner)

    I have sent the course evaluation with Final Examination Answer Sheet. I really appreciate this course as Bookkeeper because it is part of my daily job and will help to avoid some practical errors especially How to correct current vs prior errors. I will continue my preparation for bookkeeping certification.Now, I am working on Mastering Payroll.In general, the courses I took from AIPB are more practical and give updated information.

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  17. Linh (verified owner)

    Mastering Correction of Accounting Errors is really practical to me and much more easily to understand than all of any books which I’ve ever read before. Surely, I will introduce this book to my friends.

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  18. Amanda (verified owner)

    Great information.

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  19. Viateur (verified owner)

    It was very important, very useful to me

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  20. Kathleen (verified owner)

    I thought the course materials were great. Examples & practice tests help my confidence going into the test at Prometric. However, the practice exam was nothing like the Prometric exam. I ran out of time and almost failed!

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  21. Deborah (verified owner)

    Easy to follow. Would recommend reconciliation templates to practice on the quizzes.

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  22. Rebecca (verified owner)

    This course solidified my existing knowledge and added to it. I appreciated the clear examples which helped me learn the concepts.

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  23. Tamara (verified owner)

    Tons of information and I love the double quizzes it has help me understand accounting errors in a tremendous way.

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  24. Susan (verified owner)

    The text was clear and very understandable.

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  25. Alejandro (verified owner)

    Good explanation on the review the financials and how one uses the trail balance to fix accounting errors.

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  26. Phuong (verified owner)

    How wonderful it is! Practical and clearly this book!

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  27. Deidree (verified owner)

    I like how the book is short, simple, straight to the point and easy to learn. The quizzes at the end of each chapter is very helpful to my learning process.

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  28. Jie (verified owner)

    Help and great

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  29. Adamou (verified owner)

    The course is very educational,I do like it because it helps me figured out with errors in a logical way

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  30. Annie (verified owner)

    I learned a lot.

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