4.50/5 stars (756 customer reviews)

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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SKU: 9781884826269 Categories: ,

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 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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4.5 out of 5 stars

756 reviews

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What others are saying

  1. ShaShauna T. McIver

    Course book has plenty of real-world scenarios from which to review and practice accounting concepts learned from the material.

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  2. Genay

    Good

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  3. Sherry Ibrahim

    Very informative and pays attention to detail but needs more exercises and final examination answers. Thanks for your efforts. Sherry

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  4. Richard Rodriguez

    This study guide has given me all the credentials needed to master the accounting errors concept & the practice excercises were very fun along with the quizes at the end of the file.

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  5. Samantha DeBois

    Excellent material very thorough.

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  6. Praveen

    Needs more problems to work out

    Praveen

    This is generally a good book in studying for the AIPB Bookkeeping exam but I recommend that it has more problems and step by step solutions in the next upcoming edition.

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  7. YVONNE STEPHENSON

    The course provided fundamental information, however the textbook was dry and one dimensional. A complementary workbook and/or a video/cd lecture would have been a great enhancement. This would allow for listening to the material then reading it, then working the problems.

    AIPB Note: This course is now available as on online course with an instructor

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  8. Dennis Alexander@outlook.com

    Great text, great review of what I learned in college.

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  9. Robert Jones

    Presentation of material was exact and very useful.
    I completed this course for the first time but I have a lot of re-learning to do before I submit my final exam for grading.
    Two previously items have now been removed from my to-do list providing more time to study.
    The new study schedule begins today.

    My over-all impression is I wish I had this course to study bookkeeping/accounting years ago. I am looking forward to completing the other segments of the certified bookkeeping program.

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  10. Hayk

    Very usefull material. Helped me to pass AIPB correction of accounting errors exam with about 90% score.

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  11. Vicky Phillips

    Good explanations and examples to go over when answering the questions

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  12. Sheikh Hossain

    Good material for learning accounting.

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  13. Sheikh Hossain

    It will be very effective in my professional life.

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  14. Ragin

    Easy to follow and understand. I appreciate having the double quizzes at the end of each chapter to test and help solidify the skills.

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  15. Tammy Roberts

    Well written.

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  16. Kazi Zia Uddin

    More examples can be added in various sections. Overall it’s an excellent course.

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  17. Elizabeth Mead

    Did not pass the exam; questions on the final were confusing and did not relate to practice questions.

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  18. Beth Axe

    I liked the tips and tricks for discovering errors in the trial balance.

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  19. Evelyn Baldo

    Interesting and informative

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  20. Mohamed Helemish

    Mohamed Helemish

    The course is very good but needs more practice questions

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  21. Denise Fields

    I recommend that you take notes as you read the book and do the practice tests 2-3 times if necessary to make sure you know the material and what needs to be done to answer the questions correctly on the final exam.

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  22. Ariel L O’Heeron

    The test was hard but not impossible. The workbook was thorough and I felt that I was really being tested on the details that I studied.

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  23. helena yuan

    I am not sure about the rating. I did not do well on the test. I definitely need to re-read the text again.

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  24. Alexandra

    Easy to follow

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  25. Pravin patel

    Nice material and explanation.
    easy to understand.

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  26. Janice Lima

    Great course

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  27. Angelique Broussard

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

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  28. Maurice

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

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  29. Joseph

    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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  30. Katie

    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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