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 one gave me the confidence to know that I can take a company through the adjusting entries to the financial statements.
I found that I did not prepare/study enough. Multiple choice questions can be very difficult.
These apopear to be very good. I was unable to start and complete the course due to working 3 jobs at the time. I am semi-retired and would like to do the courses now if it is not too late,
This course had a lot of detail on how to properly record adjusting entries.
learned a lot
The instuction Information was very helpful and testing was very convenient
Great Expample sections with practice questions. Very Helpful.
It was great.
Very helpful to have this book/course material as a resource
Very helpful to have this book/course material as a resource
Excellent. Course was clear,practical and covered beyond the basics.
Very informative and easy to learn
I have not started this study yet. However, I would not have purchased it if I didn’t feel it would help.
Very informative and easy to understand.
Helpful exercises
Took in 2003. Was fine course.
I learned a lot from this course.
Easy to understand
an excellent book
Course material was concise and easy to grasp
Great introductory course to adjusting entries. Covers all of the basics.
Informative and educational.
Helped a lot in understanding double entry accounting.
Already knew this info and was a great refresher course.
Very Helpful.
Every course provide by AIPB are very helpful for anybody even if for people who do not learn accounting befofe. Ajusting entry put me in the right accounting todaay. A+ is your grade
Very good information.
Excellent material – useful in my current position
It’s Outstanding.
Intersting but the final exam questions there is no answer to check .