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
Dianna –
Really enjoyed this book and learned quite a bit
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Anitha –
This course helped me a lot to learn and success in the completion of exam. Each topic is explained very detailed, which helped me to understand well.
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Phuong –
Good course I wish more practice exercise so I can pass the test
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Myra –
Great book on Correcting of Accounting Errors. The bank reconciliation part was very helpful.
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Bridgette –
Easy to follow, informative, good examples given
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Delia –
Very informative and clear on the material
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Bethany –
It is really good.
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Guadalupe –
The instrucciones couldn’t be more clear. This course really cover all my expectations. I have been learning a lot. I’m already recommending it to some friends.
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Holly –
Questions were as expected.
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Angie –
A well written book with excellent illustrations and problems.
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Sammy –
This course exceeded my expectation.
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Heather –
All of the books were very user friendly. I had no trouble learning and felt fully prepared to take the tests. The only thing that would have been nice is to know what the correct answers are to the problems that I missed. This would apply to both the exams at the end of the books and for the test at the Prometric sites.
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Qais –
The exam it is different than the material. But the material its easy
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Xianghua –
summary is good.
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Zulema –
I found this course to be very helpful in my bookkeeping practice.
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Claude –
clear and easy to follow
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Radmila –
I was very well prepared when taking my exam. Thank you
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Janet –
Very helpful resource!
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Yauheni –
It was difficult course for me, especially bank reconcilliation. But it was interesting and after reviewing of this course I understood everything. Thank you for your courses and for this course!
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Jose –
Great Review!!!
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Robin –
Very thorough, easy to follow and excellent preparation
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Shaun –
I thought it had a lot of great info and concepts
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Nicole –
Great examples to make sure you’re correctly understanding!
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Xin –
Explained clearly with useful examples and exercises.
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Kathleen –
learning all the facets of bank reconciliation will be very useful, thank you.
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Chloe –
I found this course to be very helpful in my bookkeeping practice.
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Matt –
This book also helped with correcting journal entries.
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Muhammad –
Course curriculum its really professional. Its recall my mind which I had study before.
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Angela –
The book covered the topics on the test
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Alejandro –
excellent material
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