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
Esther –
i have not completed this yet
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Sherry –
I have a degree in accounting, but could not pass this credential after taking the assessment three times. There’s truly something wrong.
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Annette –
I found this course to be benefical in reviewing financials and general ledger.
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Stephanie –
I enjoyed this study. It had practical and useful information.
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Kathleen –
I am in the process of studying this book. I like what I have gone through and is worth the time to study it.
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Brooke –
Helped me to understand the basics of accounting.
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Jennifer –
Helped in what to look for, especially when I get new clients and have to go back and fix previous entries.
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Evonne –
great for reviewing the class I took long time ago, all back to the memory, save me a lot of time go back to text book do review. Thank!
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Cynthia –
great course. very useful.
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Jeremy –
Great course. Explained lots of minor details not covered in my accounting classes.
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Dacia –
Great
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Joyce –
Good review.
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Benita –
Good review of accounting errors.
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Thomas –
Good Job
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Joyce –
Good information
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Scarlett –
Good general reference book
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Sue –
Good class
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Ryan –
Good
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Frances –
good
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Alan –
Gives insight into conditions not specifically identified in the course
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Kelly –
Give great examples through out the book
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Corina –
Felt the book was written very clearly and easy to follow. Self Tests are good in the back of the book.
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Atanas –
Explanations are understandable and completely enough to past the test. I do not think can start bookkeeping practice just by completing the courses in the program. You can try to work for somebody but not as a bookkeeper for yourself serving other firms. I have not worked in this field since I had other job and I can not tell you if your course matches the requirements of the employers. Also, nowadays most things are done by computer software (bank reconciliation etc) and this is missing from your courses.
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Daniel –
Excellent.
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Ms. –
excellent review of the basics
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Heather –
Excellent material – format and flow were perfect
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Kimberlee –
Easy to understand. Very helpful practice questions.
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Gias –
Easy to understand.
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Stephanie –
Covers the basics
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Jill –
Course material was concise and easy to grasp.
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