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
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.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Jannet –
Very complete and convenience
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Natalya –
Very informative course! I learned a lot and loved every page of it!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Badewa –
The questions are practical.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
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
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Aaron –
Great
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Tamara –
Excellent preparation for the exam!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
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.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Joann –
This was the best of the courses – showing “tricks” to help find errors is huge.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Nathaniel –
5 Stars
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Amy –
Excellent, it teaches better than college degrees
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Gladys –
The course provided the review that I needed of adj. Entries.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Ram –
Excellent
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Yasumasa –
helpful for my work
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
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!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Josy –
This book help me to understand more about correction journal
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Nanci –
Good material.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Anne –
Thorough course, helps to have some accounting knowledge.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Kathryn –
The order of chapters in this book can get a little confusing, but overall 5 stars as the book is thorough and informative.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Dennis –
none
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Yu –
Great materials! Kudos to the writers of this book.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Tim –
a
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Joan –
The correction of Accounting Errors provided great detail information.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Ronald –
Great!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
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!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal