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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$49.00Member Price: $39.00

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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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26 reviews with a 5-star rating

  1. Katherine

    I thought this course was written well and provided just the right amount of practice quiz’s. I especially like the open book test that I could photo copy and complete as many times as I needed.

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  2. Jannet

    Very complete and convenience

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  3. Natalya

    Very informative course! I learned a lot and loved every page of it!

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  4. Badewa

    The questions are practical.

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  5. Geisy

    I’m not fluent in English, which costs me a little more time to beat all the content but I still clearly understand the content

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  6. Aaron

    Great

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  7. Tamara

    Excellent preparation for the exam!

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  8. Rashmiben

    Very thorough and to the point book. I gained very good knowledge and understanding of this skills. It is really helping me for my current study.

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  9. Joann

    This was the best of the courses – showing “tricks” to help find errors is huge.

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  10. Nathaniel

    5 Stars

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  11. Amy

    Excellent, it teaches better than college degrees

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  12. Gladys

    The course provided the review that I needed of adj. Entries.

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  13. Ram

    Excellent

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  14. Yasumasa

    helpful for my work

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  15. Caleb

    Very simple, straight forward and easy to study. I have minor bookkeeping and accounting experience, and had very little difficulty understanding the concepts in this course. I would recommend!

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  16. Josy

    This book help me to understand more about correction journal

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  17. Nanci

    Good material.

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  18. Anne

    Thorough course, helps to have some accounting knowledge.

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  19. Kathryn

    The order of chapters in this book can get a little confusing, but overall 5 stars as the book is thorough and informative.

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  20. Dennis

    none

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  21. Yu

    Great materials! Kudos to the writers of this book.

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  22. Tim

    a

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  23. Joan

    The correction of Accounting Errors provided great detail information.

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  24. Ronald

    Great!

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  25. Guillermina

    I’m not a native English speaker, however, this course has the necessary and correct information to understand the Accounting cycle as well the test program. I’m so glad for it!

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  26. Tawnia

    Great class learned alot

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