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
Sarah –
Most common to the rare
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Nadia –
I found the instractions clear and this is what I expected. I would recommend this course to other accounting professionals
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Debbie –
I am still working on this in my spare time. I love what you are doing. Thank you very much!! It’s great! Debbie McDowell
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Rosette –
I am currently refreshing my accounting knowledge, and AIPB’s continuing education courses really helped me in doing so. Thanks a lot!
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Beth –
great intro tool
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Zhenyuan –
Good enough in details.
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Kimberly –
Easy to understand and thorough.
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Patricia –
Covers a wide variety of issues that you may get exposed to.
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Marshall –
another good course
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Barbara –
An excellent course, useful for both the beginner and the pro who needs a review. The numerous practice problems are extremely useful for ensuring the reader has understood the lesson.
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Kelli –
A way of looking at the bank rec that was new to me since I’m a QuickBooks Pro.
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Richard –
Very helpful
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Shirley –
Great tool for researching and correcting accounting errors. very through.
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Whitney –
Easy to follow instructions.
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