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
Jennifer –
I didn’t actually take this course. I am CPE coordinator at my CPA firm and we purchase these to help our new hires. We find them very useful for refreshers for newly graduated, but inexperienced accountants.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Charles –
Great tips for finding errors!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Elizabeth –
Helped refresh me on how to fix Accounting Errors
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Richard –
Well written, easy to understand course.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Terrence –
In depth and precise.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Vicki –
Same comment as adjusting entries.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Frank –
I never knew I can study this after a long absent from traditional school, but this book has prove me wrong. The step by step teaching has really help me. I will recommend to all who want to be bookkeepers.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Tonya –
This course was a good review
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Paul –
The material is easy to understand. It gives many examples and a lot of questions & answers to help study.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Sladana –
I am satisfied with all AIPB books. Very informative and well written.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
David –
Material is good but need more exam questions for practice.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Meghna –
Very well explained chapters and examples, help you understand the topics. The exercises following every chapter and the sample test at the end of the coursework is very helpful.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Rinku –
After study you are able to fix errors
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Hisae –
textbooks were very understanderble
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Connie –
Very helpful information.. I especially liked the tips on finding errors easier.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
John –
This course was very interesting and informative. It was very helpful in preparing for the Bookkeeper Certification.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Christopher –
The Correction of Accounting Errors book is a very good book for a student bookkeeper.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Meredith –
The book clearly explained how to correct accounting errors and made it very simple to understand.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Eileen –
never knew there could be so many possible errors in accounting–very informative
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
James –
Good
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Judy –
Well written, easy to understand and retain; examples and quizzes add an extra reinforcement to knowledgebase.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Edith –
learned a lot
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Julie –
Well written easy to follow.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Rita –
The quizzes were very helpful
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Lynne –
Excellent for maintaining knowledge.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Esmeraldo –
The material is presented in an easy to read and understand tone, making it easy to digest.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Mai –
Great book, very detailed and informative.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Janice –
Good to learn this and have on hand when I have questions.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Lynne –
Fine, felt like it could have been harder though.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Agnieszka –
Very helpful
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal