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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$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 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. Donna

    Lots to think about with recognizing why trial balances are out of balance

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  2. Yanting

    Very helpful book

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  3. Pamela

    This course was easier for me since I have more experience in this area.

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  4. Amina

    I found the course helpful.

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  5. Pamela

    Good progression of concepts.

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  6. James

    Great when i finished this book i felt like i had a good understanding of the complete trial balance. passed test first try

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  7. Oliver

    Good book. I learned good concepts. With all respect you deserve, I found on page 96 that solution to Problem III (2), section (a) could have an incorrect answer. I think it should say “…the error was made have been closed.”.

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  8. Moraeme

    Good afternoon, The text and content is easy to read, and the information is very practical. 

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  9. Benjamin

    Clear and concise

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  10. Virginia

    Good content and a little above my skill level. I had to go online to get some definitions and fill in some of the gaps. I feel students should be tested before receiving this course.

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  11. Matthew

    This is my 2nd time at this book. 1st in class and now as an employee. I find I need to master this book more since I hardly ever do manual accounting.

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  12. Tianrong

    for me it was great.

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  13. Elizabeth

    A very well-written and comprehensive review.

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  14. Shari

    Great step by step instruction

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  15. Jing

    very good

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  16. Lisa

    Good Information

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  17. Iryna

    Great

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  18. William

    Excellent book for entry level bookkeeping/accounting student that wants to gain a better understanding of troubleshooting the Trial Balance and making various entries for the correction of errors.

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  19. Miguel

    This is a matter of simple observation and sound knowledge of the accounting equation. Allocating errors are the most critical lately  

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  20. Tenia

    Very easy to understand. Plenty of practice. I really enjoyed studying from this book. Great tool to use for teaching yourself or even just brushing up.

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  21. G

    Excellent course very informative.

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  22. Heather

    Very informative and easy to follow

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  23. Joanne

    too much time on bank recs and on errors the bank made, but good at finding transpositions etc. there should be more time on looking at the actual balance sheet and profit and loss to find errors

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  24. Phillip

    Satisfied with the overall experience.

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  25. Adrienne

    Also not for the beginner! Course presumes you have working knowledge and/or education in the field of accounting.

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  26. Vivien

    Well, I am totally dissatisfied with the entire Bookkeeping course that I took. The test appears to be dated. The material in the textbook and the test are different. I would like a refund for the money that I paid for testing. This is not a course that I would recommend to others. I would rate this as a 1/2 star.

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  27. John

    Very clear and to the point.

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  28. Susanne

    great help in learning more about fixing errors

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  29. Adel

    Excellent

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  30. Veronica

    some areas were confusing for me but others very clear

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