4.50/5 stars (756 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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SKU: 9781884826269 Categories: ,

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 WorkBook, Online e-WorkBook

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

756 reviews

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What others are saying

  1. Tawnia

    Great class learned alot

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  2. Manaye

    An interesting notes and ways of finding errors.

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  3. Ann

    This course was not as helpful as anticipated.

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  4. Ronald

    Very concise and helpful

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  5. Kathy

    Some of the error finding methods were a little confusing (finding a transposition, for example) but only because I was familiar with it? It may Prove to be helpful

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  6. Lyndon

    Good and meaningful information.

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  7. Miguel

    My satisfaction is very good. Thanks

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  8. Mrs.

    It is very useful.

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  9. Loraine

    Excellent

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  10. Gentjana

    Very very helpful book! A lot of exercises and it is so easy to understand.I liked how The Bank Reconciliation is explained in this book!

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  11. Meng

    Course book is very helpful in preparing the exam. Highly recommended.

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  12. Mohammad

    it is very good and easily understandable

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  13. Shaw-Yune

    Everything’s simple and clear. Perfect introductory course for beginners. But I do like to know how some rules are defined; a platform for discussion or a website link for further information will be appreciated.

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  14. Vilma

    Studying material seems complete and easy to use

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  15. Maria

    It was practical & easy to understand

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  16. Alexis

    Material seemed a little simplistic.

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  17. Jean

    I love the way it is.

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  18. Luis

    The explanations helped me much!

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  19. Gabriela

    Material should be available online as well.

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  20. Daniela

    Great course

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  21. Lori

    Excellent workbook

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  22. Karl

    Excellent review of important Bookkeeping functions!

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  23. Tiffany

    The course was very helpful. A good refresher.

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  24. Gina

    Overall materials to study are good and prep for exam.

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  25. Mary

    Excellent coverage of material.

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  26. Heather

    Well written, great source for revisiting the basics.

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  27. Starlette

    Very helpful – I learned a lot!

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  28. Serafin

    I trully beleive. All that data help me to pass my test.

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  29. Ernesto

    Excellent book.

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  30. Gnenession

    I greatly appreciated the different scenarios regarding the correction of accounting errors. It’s excellent. I don’t have no particular review to make.

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