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
Sophia –
I thought the adjusting entries work study book provided me with what I needed to pass that portion of the test
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Taffy –
OK
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Angela –
Best thing about this book was it explains the correcting entries very clearly.
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Ruth –
I was satisfied with all of the courses. They provided a good review and adequately prepared me for the exams.
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Elizabeth –
Excellent teaching material and examples. Highly recommend it to anyone in the bookkeeping field.
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Mohamad –
I have read the manual and was very please with explanation and example given in the manual.
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Sheryl –
Felt material overall was good and informative. However, exams are too difficult.
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Luellen –
Learned a lot through this course – it’s great to have the book on hand to use as a reference in my job at a CPA firm.
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Melia –
Really helped in understanding how to correct errors easily.
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Julia –
very good
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Narine –
This book does a great job breaking down a details in correction of accounting errors as long as you put in the time and effort.
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Lyudmila –
Simple and easy
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Laurel –
I’m just finishing this now. Overall, great.
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Marion –
Helped with my current job duties.
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Frank –
Having a process to discover, analize and make corrections has been useful.
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Teri –
Great too!
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David –
enjoyed
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Nerissa –
This too was excellent! Also a 5 Star!
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Eui –
Systematic material for self study. Two thumbs up!
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Karen –
I like all your course books. They are full of detailed information in a straight forwa, easy to read format. I intend to purchase the tax books also.
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Dorothy –
I found all subject matters to be clear and easy to follow. If you struggle with the first section of a chapter, the quiz section will surely clear up any questions you may have. I felt very confident with each subject at it’s conclusion.
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Linda –
Could be a bit more in-dep, but a good starter for bookkeepers. Will definetly keep as a reference.
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Norma –
Clear and in depth
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Alice –
Very handy and informative
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Martin –
Very good book.
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Cathy –
It would help to get tests back to see what was done correctly & what was missed.
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Jie –
great!
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John –
Excellent. Still working through the materials and will test soon.
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Tina –
An excellent book for preparing for the exam
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Renwick –
a good reference for anyone responsible for correcting accounting errors.
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