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
very straightforward
Very practical workbook! Each topic is thoroughly discussed and can be easily grasped. Keep it up!
this was very educational and will help me further in my career
This book is clear and self-explanatory. The way the sections are structured and well laid out makes the book even more interesting and appealing to read and reinforces one’s knowledge. I do recommend it to any accounting student.
I liked the book. The information presented clearly, simply, easy to understand in detail.I got the pleasure of this book.
Reading this book has helped me to apply the practice of adjusting entries to my work place as we begin closing out our books for last period. I have not yet tested for Adjusting Entries, so I have yet to see how applicable my studies are to actually gaining certification. But I have gained confidence in my understanding of the subject and with that I should expect successful completion of the certification program!
I have been going through this slowly and find it very easy to follow and understand. The step by step process works for me. It’s a great refresher. Not sure how someone with no background would do though.
Very understandable
Very understandable
In depth. Informatve.
Very good overall course.
Before i did the examination i thought Adjusting entries were going to be very easy, but it was very challenging. My rating is (4).
Liked that it made me really think about what went where
excellent course review
easy to understand. came in helpful b/c we had to a number of adjusting entries
educational
PASSED
i passed, thanks!
Concise notes with quizzes to reinforce the material. I think this book is well designed to master the adjusting entries.
Very plain language and easy to understand. Very helpfull
I thought the adjusting entries work study book provided me with what I needed to pass that portion of the test
OK
A must have book for anyone working as a bookkeeper/accountant. Most of the examples and explainations were better than my college books.
I was satisfied with all of the courses. They provided a good review and adequately prepared me for the exams.
a must know for any bookkeeper! Wonderful explanation and examples along with study material. Every bookkeeper must understand adjusting entries! Recommend to all bookkeepers.
Felt material overall was good and informative. However, exams are too difficult.
I have read the manual.But have not completed the Final Exam (Optional). Well do so later and submit.
Very good book. Content easy to understand. After reading whole book, no problem to answer all Final Examination questions.
Learned a lot through this course – it’s great to have the book on hand to use as a reference in my job at a CPA firm.
Taught me to understand how to make adjusting entries to bring the accounts into balance.