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
Md –
This book is very simple but very useful to identify how the errors happen as well as rectify those.
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Lucinda –
The information in the book was very well organized and easy to understand.
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Richard –
Book and instructor covered material well.
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Megan –
Very thorough so glad I purchased it will make a great resource
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Damien –
Course material is very well articulated.
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Deborah –
Very thorough. Well-organized. Very helpful.
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Dhruti –
This book also have a clear details and it’s really good….
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Priscilla –
Great! I learned so much ! good times
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Claritza –
It is a great and informative book and is a great resource for me at my current job.
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Carlotta –
Excellent!
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Ariel –
This textbook was a great help to pass the test!!
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Michelle –
This has made a difference in helping me to know when and how to catch errors before the periods are closed.
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Brenda –
This course was easy to follow. It included many practical tips for pinpointing errors.
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Kristina –
The course and materials were very easier to understand.
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Tonya –
Very helpful
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Fred –
Good course
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Lauren –
Easy to follow and comprehensive
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Mohammad –
Short but concise chapters on each topic. Quizes, answer to quizes and end of course examination faciliated furter understanding.
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Lindsey –
Straight-forward and relevant material.
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Abigail –
It has been 20 years since I took a course, I found the info to be helpful and with my job I think it was easy to apply and learn because I actually used it right away.
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Avanti –
Thanks AIPB!
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Gayle –
The book was well written and covered topics on the exam well.
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Amy –
Need interactive online study materials
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Basuram –
It’seems best
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Darlene –
I really liked this course.
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Oslyn –
I have been doing accounting for many years and never knew the very simple ways of identifying a sliding error or transposition error until I did Correction of Accounting Errors.
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Rhonda –
This text also needed more problems.
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Gwendolyn –
it was helpful
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Patrick –
Being detail oriented, like all Certified Bookkeepers, I learned helpful ways to find and fix errors that saved me a lot of time and effort.
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Shaun –
,I like the quizzes, and the examples are well written.
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