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
This was an excellent introductary course for someone starting out in the bookkeeping profession.
So far so good. Clear explanations and good quizes. I am on Section 7 of 8.
It was very helpful as a resource
Very helpful
Found it very easy to follow and understand. Better then college
5
Good basic course
Very helpful
Excellent review of adjusting entries.
Excellent overview.
This course gave you a basic understanding of adjusting entries.
This was a wonderful and informative course!! Easy to follow and understand!!!
It has been quite a while since I took these courses but I thought they were all easy to follow, gave good practice questions and gave a good overview of the subject.
It was excellent. Use it all the time to refresh my mind.
Practical and easy to follow.
No comments.
great course
Very good books and easy instruction.
Due to an extended illness I am just beginning this one. So far, I am impressed.
excellent
I took the test almost 3 years ago. Yes, very satisfied.
Much useful information.
I found the corrections to the original printed matter difficut to follow, but the course was very good.
Excellent source of information, would highly recommend it to others!
Loved it
Helped me to understand why certain entries are made
Learn a ton! Loved the easy to follow training.
I thought each of the courses was right on target. They were a very good source for review for me.
a breeze – had learned it already in Financial Accounting at community college. Used google to refresh concepts that were not fresh in my mind. My opinion is that if one has never had formal accounting courses from a community college or university then the concepts in all the modules will be very hard to grasp, unless the user is very good at finding websites that delve further into the subject.
Course was well written and provided a good review of adjusting entries