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
Wonderful review.
very informative, and helpful
Extremely pleased with this selection.
I found the instractions clear and this is what I expected. I would recommend this course to other accounting professionals
Very good, it was what I expected.
It has been a few years but all I felt it was a very good review and explained things to where it was easy to follow. The practice exercises help reinforce the material.
i learned a lot
Overall this course gave me the confidence to work in Accounts Department.
Very good ..I really like it
Very thorough text that any bookkeeper should be able to understand and implement.
The book for this topic I thought was excellent. Simple to understand. If I had to recomend anythng that could improve any of your courses, would b.e to make them available in electronic form
Good refresher for any bookkeeper
i like that is breaks down the adjusting entries to a more understandable level the classroom books have so much to cover you dont get the details you need and this gives you the details better
Easy to understand. Quizzes were challenging.
Very thorough.
The chapters within this book were detailed and very reader friendly.
Always enjoyed journal entries and this textbook with quizzes made playing with the numbers fun.
I though the adjusting entries book was a little easy but I understand it is for people with little experience.
The information was helpful, but some of the examples were not clear
Took the course sometime ago, but benefitted greatly from it.
helpful
This was a review for me having had college level accounting
Good tips to remembering how credits/debits work and learning beginning adjusting entries.
The material was easily understood and took the stress of adjusting entries out of mu daily workload
The course I took at FCC was excellent. Very well taught, by an extremely knowledgeable and experienced instructor.
Satisfactory study guide
Basic information approached in new ways
This was a good review of material that was covered years ago in Accounting 101.
This was book was helpful in passing the exam. The tests at the end of each chapter were very helpful
Very good, great book.