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 review
The Adjusting Entries test was extremely easy, especially if you read the preparation book and took the practice exams.
I really had to think back to college courses as I haven’t used T-accounts or written journal entries in almost 10 years because of computer programs.
I am very satisfied on the courses of Adjusting entries.It is very important and useful to close the accounting transactions and to prepare the right financial statements.
I enjoyed the course because it was written well with good examples. I have recommended it to a few friends of mine.
The textbooks are easy read and easy to follow.
good
I found the course to be well done and very clear in its instruction and examples. Keep up the good work…..
Very interesting; I learned more lesson from it!
Great program…
The book is easy to read and understand.
I am currently studying adjusting entries, I find the information helpful in gaining the knowledge needed to take the bookkeeping certificate test.
Thank you this is a very well written book.
I was surprised that there was not an explanation of the accounting equation to help understand if an entry was a debit or credit. I beleive that I understood the material only because I had taken other classes previously.
Fully Covered.
I think the course does a good job explaining adjusting entries, and why they are used. Wish it went a bit more in depth about making prior-period adjustments though.
This course was good and I learned the information I needed for this course.
very good
I guess it’s good.
Very informative and user friendly to study and test.
this is the most powerful book I have never read since I started studying accounting in 1980.
I thought the course was great. I like how it when over a topic and then test you on your knowledge of it.
Very Good
Good info.
I rated all six of them at the same time as I submitted my six tests a few weeks ago. I have Certificates of Completion for all six tests so I am sure you must have my responses as well.
Excellent
I was very satisfied with the study materials, reviews and quizzes .i was we’ll prepared for the exam
The material is presented in a clear and detailed manner. I also appreciate the quizzes at the end of each chapter, as well as the final exam — I really feel that I have learned the material at the end of the course.
The course book provided the very basic information for this subject. I found it helpful to have some experience in bookkeeping and also consulted other resources as study materials.
is very vital to me and my company. Good