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
I got it is an excellent book to learn in detail; accruals and deferrals.
I’m not a native English speaker, however, this course has the necessary and correct information to understand the Accounting cycle as well the test program. I’m so glad for it!
I like the book and the course materials.
Very good organize.
Course is great.
its approach is simple yet complete
Easy to follow and simple
Very helpful and informative! I love it!!
Good course.
Mostly review for me but it was helpful to see everything manually mapped out manually instead of computer generated reports.
Good, but kind of basic.
This course is a great way to introduce or re-introduce you to the why and what for of adjusting entries.
My satisfaction is very good. Thanks
It is very easy to understand.
I’ve learned so much from these courses. I learned more with this course than I did at the local community college.
Very helpful
Easy to understand and follow. 4.5
Course book is very helpful in preparing the exam. Highly recommended.
The Mastering Adjusting Entries book was a great resource for understanding adjusting entries. It was very clear and had great examples and illustrations. I would recommend this course.
good and understandable
Well set up. Easy to learn from. I would recommend the course.
Everything’s simple and clear. Perfect introductory course for beginners. But I do like to know how some rules are defined; a platform for discussion or a website link for further information will be appreciated.
Perfect explanation and very well organized! I passed the exam with very high score because of this book!
Studying this material helped me pass the exam.
Studying material seems complete and easy to use
Great training materials ,and easy to follow. Provided excellent examples.
Great
It’s really helpful and I love it.
In spite of the fact that I have been posting adjusting entries for several years now, I still found the course helpful.
Covered the most common aje’s.