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
Odilia –
I had done manual accounting before,but with this book would it make more easy,because when you are doing it manuel, and you are making transfer from book to other you can make mistakes. this book make it simple
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Kathy –
Very helpful
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Cyril –
My comment is as above. What is the rating scale?
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Juan –
Very good, clear and to the point
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Sandra –
I handle bank reconciliations at my current position. The tips and tools provided for finding errors is very helpful and easy to apply.
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Ann –
good info
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Nina –
thorough
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Tina –
The study guide was very helpful.
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Ayse –
My comment for the adjusting entries applies to this section also
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Ralph –
Helped me to develop ways to find my errors quicker
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Marianne –
excellent way to get prepared
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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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Sol –
Easy to follow material. The exercises are very good.
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Jemil –
Above expectation
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Sonya –
Very informative!!! I learned something new.
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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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Dwayne –
Same as number one.
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Mary –
Excellent
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