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
Kathrin –
Very helpful.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Linda –
I took all the courses that was required. If I was rate the courses…I would say it was just average…explanation was limited. The language was not specific. I would not recommend the course. I have being doing bookkeeping for over 10 years.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Shahin –
I LIKE IT
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Tonya –
Great workbook
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Georgie –
Great book to have available
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Blesila –
Excellent!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Fangyuan –
Love it!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Michael –
The course was also well written. Enjoyed working through the course and look forward to completing the remainder of the CB program material.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Marian –
I felt it was very good study material….
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Ellen –
They are very informative best reference guides you will ever need
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Diane –
Overall I thought it was a very good course. However, on the final exam it would be helpful at the onset to let one know either to assume a cash basis or not. Some questions did not specify if an accural basis or cash basis and you only find out which it is after contemplating which it is based on the answers given. Seems to take to much time to figure out when if stated at the beginning you wouldn’t have to figure out the answere for both accural or cash basis.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Annette –
Informative course and a great tool for review before the exam.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Danna –
The quizzes are big help too it helps you visualized clearly.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
David –
good course
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Ana –
Very useful workbook, not just for the exam but for practical use. One can easily comprehend each topic discussed. Keep it up!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Noah –
This book is clear and self-explanatory. The way the sections are structured and well laid-out makes the book even more interesting to read and the end-of-section quizzes reinforce one’s knowledge. In accounting, errors are bound to occur at any time and stage. But of importance is how such errors are corrected. This is why this book is a must for any accounting student.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Lola –
That’s an interesting book, but apperceive it was less easy than the previous book. In general this is a good book.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Jennifer –
Reading this book has helped me to apply the practice of adjusting entries to my work place as we begin closing out our books for last period. I have not yet tested for Correction of Accounting Errors, so I have yet to see how applicable my studies are to actually gaining certification. But I have gained confidence in my understanding of the subject and with that I should expect successful completion of the certification program!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Rene –
i learned a lot
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Elizabeth –
Great for understanding
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Steve –
In depth.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Vivian –
With more than twenty (20) years accounting experience. Correction of accounting errors were very refleshing and challenging. I am very happy that I did the examination. My rating is (5)
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Kama –
Reminded me of things that I don’t often have to do but need to remember
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Shelia –
excellent course review
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Luz –
The courses are excellent.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Maria –
This is a very concise book with great examples to increase your knowledge.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Sarah –
educational
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Eva –
Helped me review old material and pointed out some new ones.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Akbar –
Concise notes with quizzes to reinforce the material. Very satisfied with this book.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Irina –
Very informative
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal