4.49/5 stars (741 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
List Price:
$49.00
Clear
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!

 

 

 

Share your thoughts!

4.49 out of 5 stars

741 reviews

Let us know what you think...

What others are saying

  1. Elizabeth Mead

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

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  2. Beth Axe

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

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  3. Evelyn Baldo

    Interesting and informative

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  4. Mohamed Helemish

    Mohamed Helemish

    The course is very good but needs more practice questions

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  5. 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.

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  6. 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.

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  7. 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. If you can sent me the correct answers to this test, it would be very helpful. My email is yuanhhhh@hotmail.com

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  8. Alexandra

    Easy to follow

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  9. Pravin patel

    Nice material and explanation.
    easy to understand.

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  10. Janice Lima

    Great course

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  11. Angelique Broussard

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

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  12. Dennis

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

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  13. Maurice

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

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  14. 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

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  15. 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.

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  16. Dia

    Thank you!

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  17. Yumiko

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

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  18. Astrid

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

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  19. Elce

    Good

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  20. Branislav

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

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  21. Linda

    Material was outdated.

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  22. Colin

    5 stars

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  23. Jennifer

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

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  24. Jean

    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.

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  25. Linh

    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.

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  26. Amanda

    Great information.

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  27. Viateur

    It was very important, very useful to me

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  28. Kathleen

    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!

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  29. Deborah

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

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  30. Rebecca

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

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

×

Login

Continue as a Guest

You may also like…