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
Tawnia –
Great class learned alot
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Manaye –
An interesting notes and ways of finding errors.
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Ann –
This course was not as helpful as anticipated.
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Ronald –
Very concise and helpful
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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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Lyndon –
Good and meaningful information.
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Miguel –
My satisfaction is very good. Thanks
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Mrs. –
It is very useful.
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Loraine –
Excellent
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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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Meng –
Course book is very helpful in preparing the exam. Highly recommended.
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Mohammad –
it is very good and easily understandable
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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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Vilma –
Studying material seems complete and easy to use
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Maria –
It was practical & easy to understand
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Alexis –
Material seemed a little simplistic.
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Jean –
I love the way it is.
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Luis –
The explanations helped me much!
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Gabriela –
Material should be available online as well.
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Daniela –
Great course
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Lori –
Excellent workbook
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Karl –
Excellent review of important Bookkeeping functions!
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Tiffany –
The course was very helpful. A good refresher.
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Gina –
Overall materials to study are good and prep for exam.
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Mary –
Excellent coverage of material.
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Heather –
Well written, great source for revisiting the basics.
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Starlette –
Very helpful – I learned a lot!
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Serafin –
I trully beleive. All that data help me to pass my test.
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Ernesto –
Excellent book.
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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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