Mastering Correction of Accounting Errors
- April 4, 2023
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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.
Course Content
Mastering Correction of Accounting Errors Lesson 1
- Types of accounting errors
- 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.
- 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.
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Mastering Correction of Accounting Errors Lesson 2
- Finding errors in a trial balance
- Finding errors that do not show up in a trial balance
- Correcting doubling errors
- Correcting slide errors
- Correcting transposition errors
- Examining journal entries and postings
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Mastering Correction of Accounting Errors Final Exam
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