4.50/5 stars (756 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
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$49.00
Member Price: $39.00 (Members must log in to receive discounted pricing)

List Price: $49.00Member Price: $39.00

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SKU: 9781884826269 Categories: ,

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 WorkBook, Online e-WorkBook

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

756 reviews

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What others are saying

  1. Martins

    Correction of Accounting Errors is a class which every accountant and bookkeeper needs for referrences.

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  2. Eva

    Clear and easy to grasp

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  3. Norah

    Also easy to understand Adding online stuff interactive could also help

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  4. Debbie

    Again, easy to understand and work through.

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  5. Tammy

    AGAIN GAVE ME A LITTLE MORE KNOWLEDGE AND BETTER UNDERSTANDING

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  6. Nirmala

    A+++! Great Book!

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  7. Tony

    5

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  8. Myriam

    Very good, it was what I expected.

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  9. Carlos

    Very good, easy to understand

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  10. Marvina

    Very good reference book…although it probably could use an update by now.

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  11. Susan

    Very good material to keep on hand for reference

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  12. Christine

    Very good collection of those mistakes that we all make no matter how careful we try to be.

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  13. Patricia

    very detailed and helpful

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  14. William

    Very clear and easy to understand.

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  15. Yvonne

    tough

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  16. Terry

    Took this course a long time ago. I liked this course as it focuses more on real world issues, but it could have used alot more exercises. Will any of the text books be updated soon??

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  17. Emma

    Took the course sometime ago, but benefitted greatly from it.

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  18. Vanessa

    this was very helpful and i learned more than my accounting class taught me.

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  19. Charles

    This was book was helpful in passing the exam. The tests at the end of each chapter were very helpful

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  20. Rod

    This review book could have more examples in it.

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  21. Sherry

    This book has helped me to understand accounting errors and how to correct them.

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  22. Geraldine

    The information was helpful and clear.

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  23. Wendy

    The course material was informative and well paced.

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  24. Sally

    The chapter quizzes were the most helpful.

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  25. Lloyd

    The book for this topic I thought was excellent. Simple to understand. If I had to recomend anythng that could improve any of your courses, would b.e to make them available in electronic form

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  26. Cynthia

    Some information was difficult to foLlow, but I did learn some new ways to find erroes.

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  27. David

    Satisfactory study guide

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  28. Elena

    really useful

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  29. Simon

    Proper and related subjects

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  30. Malathi

    Overall this course gave me the confidence to work in Accounts Department.

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