4.50/5 stars (755 customer reviews)

You start by learning how to do the monthly bank reconciliation and move on to uncovering and correcting errors in the trial balance and in the accruals and deferrals. Double-quiz in each section assures that you master it.

ISBN: 9781884826269
List Price:
$49.00
Member Price: $39.00 (Log in for discounted pricing)

$49.00Member Price: $39.00

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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

Additional information

Book Type

Softcover Book, Online eBook

Series

Certified Bookkeeper Course Series: Everything you need to study for the national CB exam

  • Complete preparation for the national Certified Bookkeeper exam!
  • Double-quiz in every workbook section assures mastery of every skill!
  • Workbook quiz questions mimic the national exam questions!

 

 

 

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4.5 out of 5 stars

755 reviews

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19 reviews with a 5-star rating

  1. Astrid

    The course helps me to pay attention to specific accounts without abandon others. Perfect course.

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  2. Elce

    Good

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  3. Branislav

    The same with this, both tests helped me to better understand the US bookkeeping principles and practice.

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  4. Colin

    5 stars

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  5. Jennifer

    I enjoyed this course in understanding a quicker way find and locate errors. I found it very useful.

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  6. Jean

    I have sent the course evaluation with Final Examination Answer Sheet. I really appreciate this course as Bookkeeper because it is part of my daily job and will help to avoid some practical errors especially How to correct current vs prior errors. I will continue my preparation for bookkeeping certification.Now, I am working on Mastering Payroll.In general, the courses I took from AIPB are more practical and give updated information.

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  7. Linh

    Mastering Correction of Accounting Errors is really practical to me and much more easily to understand than all of any books which I’ve ever read before. Surely, I will introduce this book to my friends.

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  8. Amanda

    Great information.

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  9. Viateur

    It was very important, very useful to me

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  10. Rebecca

    This course solidified my existing knowledge and added to it. I appreciated the clear examples which helped me learn the concepts.

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  11. Tamara

    Tons of information and I love the double quizzes it has help me understand accounting errors in a tremendous way.

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  12. Susan

    The text was clear and very understandable.

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  13. Phuong

    How wonderful it is! Practical and clearly this book!

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  14. Deidree

    I like how the book is short, simple, straight to the point and easy to learn. The quizzes at the end of each chapter is very helpful to my learning process.

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  15. Annie

    I learned a lot.

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  16. Crystalena

    Easy to understand

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  17. Julie

    easy to study, great course

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  18. Brian

    Very good

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  19. Anita

    Information was presented in a concise and thorough manner. Very easy to understand. Examples were relevant. Quizzes reinforced concepts taught in the lessons. Quizzes and back of the book exam thoroughly prepared me for the certification exam!!! I highly recommend this course especially if taking the AIPB certification exam.

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