4.49/5 stars (742 customer reviews)

$49.00

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
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SKU: 9781884826269 Categories: ,

Description

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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4.49 out of 5 stars

742 reviews

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What others are saying

  1. Marianne

    excellent way to get prepared

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  2. Sarah

    Excellent study course. The material is clearly presented, easy to follow and understand. The chapter quizzes and final exam reforce the knowledge gained.

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  3. Sol

    Easy to follow material. The exercises are very good.

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  4. Jemil

    Above expectation

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  5. Sonya

    Very informative!!! I learned something new.

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  6. Debra

    Mastering Correction of Accounting Errors was very helpful and a refresher course for correcting errors that may have been overlooked.

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  7. Mary

    Would like to take the class online

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  8. Dwayne

    Same as number one.

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  9. Jose

    It provides everything you need to know in order to apply it and make descisions according to the accounting principles.

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  10. Ruthven

    Very well organized material that covered the actual transactions that bookkeepers/accountants encounter on an average day.

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  11. Barbara

    It provided good insight to situations you don’t see everyday.

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  12. Ellen

    I would recommend this book for anyone working in the bookkeeping or accounting field.

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  13. Mary

    Excellent

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  14. Lisa

    Easy to follow.

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  15. Teresa

    Correction of Accounting Errors is an easy-to-use and understandable process of the additional postings needed in accounting. I absolutely love these publications and would highly recommend them to accountants and non-accountants alike. A wonderful addition to any library for both personal and business. I appreciate your good work. Thank you very much.

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  16. Stephen

    Correction of Accounting Errors is a good review for me. I have been away from accounting and bookkeeping for a good while.

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  17. Crystal

    All courses I took prepared me well for the exam, were easily understood, and relevant.

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  18. Ronald

    better

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  19. Raoul

    4

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