136 pages [55 self-teaching + 81 self-quizzes with detailed answers]
Section 1: Why we use accruals, deferrals and other adjustments. The difference between cash basis and accrual basis accounting.
Section 2: Accrued revenue. How to record accrued revenue. Examples of different kinds of accrued revenue. Computing and accruing interest receivable. How failure to accrue revenue affects the financial statements.
Section 3: Accrued expenses. How to record accrued expenses. Examples of different kinds of accrued expenses. Computing and recording interest payable. How failure to accrue expenses affects the financial statements.
Section 4: Revenue collected in advance (unearned revenue). How to record unearned revenue. How to accrue revenue earned when the revenue collected was originally recorded in a revenue account v. an unearned revenue account.
Section 5: Prepaid (deferred) expenses. Recording prepayments and adjustments. How to accrue expenses when prepayments were recorded in an expense account v. a prepaid (asset) account.
Section 6: Other adjusting entries. How to compute and record the adjusting entry for bad debt expense for tax purposes v. book purposes. Adjusting entries for depreciation and various cash accounts.
Section 7: From unadjusted to adjusted trial balance. The chart of accounts. Preparing the unadjusted trial balance, entering the adjustments and preparing the adjusted trial balance. A summary of how the adjusted trial balance is used to prepare the income statement, balance sheet and statement of retained earnings. Basics of the post-closing trial balance.
Publisher: AIPB
good
It was a while ago that I finished this course, but I don’t remember having any complaints!!
I found the course helpful with the thought process of how & why adjusting entries need to be made
Very helpful!
Excellent
I AM TOTALLY SATISFIED FOR THE INFORMATION YOU SEND IT TO ME , IT IS REALLY HELPFUL … THANK YOU SO MUCH .. GEORGE
Excellent Course! Taught in a way that is easy to grasp.
Really graps the concept of adjusting entries
Very happy
This course would help even the most experienced bookkeeping to refresh their skills
good course content
Not having any formal education in accounting, I was able to follow it and pass the test. Thank you
Clear and concise.
topics were well expained and good sample problems were given.
good
Nice examples
Failure to do Accruals and Defferals at the period end are how important to find out accurate profit & Loss A/c and Balance Sheet of a company.
Very helpful
Great workbook. Good to keep at your desk for reference material.
The absolute best explanation of this subject matter. I was able to finally understand the ins and outs of adjusting entries. Excellent!
Excellent course – clarified some questions I always had
Very thorough, good info.
No problems, clear and to the point.
By the time I completed the workbook, I felt I had a good working knowledge of adjusting entries.
Excellent course, whether it’s your first time being introduced to accounting and bookkeeping concepts, or as a primer for someone with a degree and experience but who’s been away from it for some time.
Gave a good picture of the basics of accounting. I never received the answers to incorrect problems after I submitted the completed final exam to AIPB.
very comprehensive
For those with limited bookkeeping experience, it is helpful to use other reference material and resources in conjunction with the workbook in order to fully define bookkeeping terms. Otherwise this workbook is a good educational tool.
very helpful, easy to understa, i had taken NYU-SCPS classes in the same topics and this material is way better then what was provided by NYU. i believe i learned more on my own reading AIPB books then attending lengthy onsite classes at NYU
good book