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
Harold –
This book was good.
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Rena –
This book has really helped me to better service my clients books on how to locate and correct accounting errors.
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Laura –
The workbooks are very helpful.
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Frank –
The quiz’s help reinforce the material
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Diana –
The only piece of the coursebook I found was the chapter where it showed you how to find transpositions/slides etc. Truly in today’s computerized accounting world, this isn’t something to me that I needed to try and learn. It actually was the most difficult part of this book to total retain what I was learning. All of the other chapters I can understand needed to be a part of this book
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Robert –
The material was presented in a way that built on and reinforced what was taught in “Adjusting Entries.”
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Adriana –
The Material is practical and you can dominate the subject very fast
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Patricia –
The course was easy to understand and straight-forward.
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Adryna –
The book was very well written so that I could understand it.
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Linda –
taught me little tricks.
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Amitabh –
Simple and Great
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Troy –
Really great course. I thought it was challenging, current and understandable. I enjoyed the process and had a quick turnaround with my exam results. I am disappointed, however, that any certification I receive through this process is not recognized or allowed in the State of Idaho. I would like to see a states level certification similar to the federal level certification for tax preparers. Other than that, great program
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Bonnie –
re- learned some new tricks
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Bj –
ok, needs index
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Rajpatty –
My reference tool
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Lynette –
loved it!
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Jennifer –
Learned a few new things that I did not know.
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Maria –
It was very important to my position as a bookkeeper
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Toichiro –
It was very detail step for correction which I never looked into. Thank you for kindly explanation.
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Michelle –
It was very basic. I enjoyed this lesson very much
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Michelle –
It was very basic. I enjoyed this lesson very much
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Kianoush –
It was great.
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Amy –
It was a good course.
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Cecilia –
It is a good book.
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Irene –
Information was helpful.
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G –
In my perspective it is well prepared and easily understandeable
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Mr. –
I’ll preparing my self to appear in certificate exam soon.
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Ms. –
I was able to pass the CB exam with this workbook.
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Catriona –
I loved this course; I loved doing the bank reconcilations and fixing errors in the trial balance. Even though I work in bookkeeping on a daily basis, I got some great tips from the material such as finding errors like slides and transpositions. This course broadened my knowledge and made me feel excited about bookkeeping. I found the first course adjusting errors a little more difficult and I think you need to pin it down first. I felt great when I got to the last section of this course and could do all the adjustments so easily. I highly recommend this course.
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Anna –
I learned alot from the book which made it easier to take the exam.
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