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
Amy –
If I remember correctly, because it was about three years ago that I took this course, most of the information was based on manual bookkeeping as appose to computer bookkeeping. Most bookkeepers use software now so I thought some of the material was out of date.
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Jenny –
Has been a while since I have studied this book, but seems like there were a few errors in the book and a few areas that could have been better explained, but overall was very good.
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Anna –
good
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Joseph –
Very helpfull
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Donna –
Very helpful.
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Ms. –
Very helpful
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Nimfa –
Very good. I just wish you can take the exam online.
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Ahmad –
Very good books and easy instruction.
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Susan –
very good and useful, too!
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David –
Very detailed and informative.
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Mrs. –
This was a wonderful and informative course!! Easy to follow and understand!!!
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Kirilka –
This is very helpful book. I use it all the time when I work.
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Peggy –
This is for everyday bookkeeping life. I refer back to this book all the time.
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Anita –
No comments.
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Samuel –
Need more examples, otherwise very educative
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Firdous –
Need more details and examples
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Anna –
Loved all the courses I have taken. Actually had fun learning with this program.
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Beverly –
Learn a lot from this course and use it all the time
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Joy –
It was very helpful as a resource
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Joseph –
it is a good job done in this book
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Bonnie –
It has been quite a while since I took these courses but I thought they were all easy to follow, gave good practice questions and gave a good overview of the subject.
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Michelle –
Informative and helpful
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Carol –
I learned a couple of things from this course I use every month when I work on the financial statement
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Lane –
I found the workbook very vague in a lot of area’s. Being married to a CPA, I had to have him read over the questions to see what he thought about the questions or answers. He had the same opinion that the questions was left open ended & could of had multiple answers.
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Karry –
I enjoyed this course would recomment it to any new or existing accounting professional.
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Karry –
I enjoyed this course would recomment it to any new or existing accounting professional.
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Linda –
Great.
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Montroe –
Great!
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Angela –
great course
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Linda –
Good reference book
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