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
Linda –
Excellent, clear and to the point
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
John –
Excellent course, whether it’s your first time being introduced to accounting and bookkeeping concepts, or as a primer for someone with a degree and experience but who’s been away from it for some time.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Michael –
Excellent course work. Covered all the necessary theory while delivering practical solutions ready to apply to the everyday work environment. I loved it. Great job AIPB.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Maryann –
Excellent course – learned more than I thought from it
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Joni –
By the time I completed the workbook, I felt I had a good working knowledge of locating accounting errors.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Solomon –
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Dina –
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Eual –
Workbook contains detailed step by step instructions and examples of reconciling accounts, plus many insights into the process. It is very helpful.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Kenneth –
With so much of what we do being cash accounting, this course is an excellent reminder of the necessities of accrual accounting.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Lisa –
Went into a lot of detail on the proper way to record the correction of accounting errors.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Fatima –
Very useful
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Mrs. –
Very thorough
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Michele –
Very informative. Easy to follow/understand
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Karl –
Very informative & easy to understand.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Mr. –
Very informative
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Mr. –
Very informative
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Jeanie –
Very Helpful.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Joyce –
Very good course and excellent reference book.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Vijayalakshmi –
Very good book. Easy to understand
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Damian –
very good
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Mark –
very good
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Judy –
Took in 2003. Was fine course.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Lynell –
This one was my favorite. It helped me remember a lot of things I’d forgotten, like dividing by 9 for a transposition error.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Khalid –
this is my favorite book, I learn alot from this book.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Denise –
This instruction booklet taught me much.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Rosemarie –
This course was very good. It was also difficult. I work in bookkeeping on a regular basis and need to correct errors all the time and I had a hard time with it.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Jean –
This course is well done and able people to understand better the accounting science. A+ is your gradee
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Harold –
This book was good.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Rena –
This book has really helped me to better service my clients books on how to locate and correct accounting errors.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Laura –
The workbooks are very helpful.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal