4.50/5 stars (755 customer reviews)

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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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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4.5 out of 5 stars

755 reviews

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21 reviews with a 5-star rating

  1. Lucinda

    The information in the book was very well organized and easy to understand.

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  2. Richard

    Book and instructor covered material well.

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  3. Megan

    Very thorough so glad I purchased it will make a great resource

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  4. Deborah

    Very thorough. Well-organized. Very helpful.

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  5. Dhruti

    This book also have a clear details and it’s really good….

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  6. Priscilla

    Great! I learned so much ! good times

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  7. Claritza

    It is a great and informative book and is a great resource for me at my current job.

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  8. Carlotta

    Excellent!

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  9. Ariel

    This textbook was a great help to pass the test!!

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  10. Brenda

    This course was easy to follow. It included many practical tips for pinpointing errors.

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  11. Tonya

    Very helpful

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  12. Fred

    Good course

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  13. Lauren

    Easy to follow and comprehensive

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  14. Lindsey

    Straight-forward and relevant material.

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  15. 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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  16. Avanti

    Thanks AIPB!

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  17. Gayle

    The book was well written and covered topics on the exam well.

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  18. Basuram

    It’seems best

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  19. 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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  20. 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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  21. Shaun

    ,I like the quizzes, and the examples are well written.

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