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
Richard –
Well written, easy to understand course.
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Terrence –
In depth and precise.
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Vicki –
Same comment as adjusting entries.
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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.
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Tonya –
This course was a good review
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Paul –
The material is easy to understand. It gives many examples and a lot of questions & answers to help study.
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Sladana –
I am satisfied with all AIPB books. Very informative and well written.
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David –
Material is good but need more exam questions for practice.
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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.
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Rinku –
After study you are able to fix errors
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Hisae –
textbooks were very understanderble
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Connie –
Very helpful information.. I especially liked the tips on finding errors easier.
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John –
This course was very interesting and informative. It was very helpful in preparing for the Bookkeeper Certification.
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Christopher –
The Correction of Accounting Errors book is a very good book for a student bookkeeper.
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Meredith –
The book clearly explained how to correct accounting errors and made it very simple to understand.
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Eileen –
never knew there could be so many possible errors in accounting–very informative
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James –
Good
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Judy –
Well written, easy to understand and retain; examples and quizzes add an extra reinforcement to knowledgebase.
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Edith –
learned a lot
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Julie –
Well written easy to follow.
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Rita –
The quizzes were very helpful
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Lynne –
Excellent for maintaining knowledge.
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Esmeraldo –
The material is presented in an easy to read and understand tone, making it easy to digest.
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Mai –
Great book, very detailed and informative.
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Janice –
Good to learn this and have on hand when I have questions.
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Lynne –
Fine, felt like it could have been harder though.
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Agnieszka –
Very helpful
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Rebecca –
Concise and easy to understand.
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Eralda –
The book was very helpful.
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Thomas –
Good refresher. Exercises good practice. Would like answer key to final exam provided once graded.
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