130 pages [67 self-teaching + 63 self-quizzes with detailed answers]
Section 1: Where errors occur and how to find them. 10 common causes of errors. 5 areas where most errors occur. How to analyze errors to correct them.
Section 2: Performing the bank reconciliation. Step-by-step instructions on how to do a bank reconciliation and record the required journal entries. How to correct errors found on the bank statement or in the ledger Cash account.
Section 3: Using the trial balance to find errors. Finding and correcting errors in the trial balance or errors that do not show up on a trial balance.
Section 4: Correcting current-period accrual errors.
Correcting accrued expenses: How to correct an accrued expense recorded for too little or too much or omitted entirely. Correcting journal entries when the expense was originally recorded in an expense account v. a prepaid (asset) account. Impact on the financial statements if each kind of error is not corrected.
Correcting accrued revenues: How to correct accrued revenue recorded for too little or too much or omitted entirely. Correcting journal entries when the original entry was recorded in a revenue v. unearned revenue account. Impact on the financial statements if each kind of error is not corrected.
Section 5: Correcting current-period deferral errors.
Correcting deferred expenses: How to correct too little or too much expense recognized or deferred. Correcting journal entries when the prepayment was recorded in an expense account v. prepaid (asset) account. Impact on the financial statements if each kind of error is not corrected.
Correcting deferred revenues: How to correct too little or too much revenue recognized or deferred. Correcting journal entries when a payment received in advance was recorded in a revenue v. unearned revenue account. Impact on the financial statements if each kind of error is not corrected.
Publisher: AIPB
I found the course helpful for the thought process of how & why some corrections are necessary
I found it to be easy to understand and follow, which is very important to me, when you are doing self-paced courses.
I found it to be easy to understand and follow, which is very important to me, when you are doing self-paced courses.
good
Excellent
Excellent
excellent
excellent
Well done! I learned more than I used to.
No having any formal education in accounting, I was able to follow it and pass the test. Thank you
material was well explained and good sample problems were given. I found the exercises at the end of each chapter to be helpful
i have never met a bookkeeping that does not make mistakes at some point of their career. This course would help even the most experienced bookkeeping refresh their skills.
I don’t really know how well I understood the method of correcting errors. Don’t know how well I did in this study
good course content
Excellent Course!
Clear and concise.
Very thorough, good info.
very helpful, easy to understa, i had taken NYU-SCPS classes in the same topics and this material is way better then what was provided by NYU. i believe i learned more on my own reading AIPB books then attending lengthy onsite classes at NYU
Very comprehensive
very comprehensive
intresting cours,
I enjoyed the course but in my opinion it will more exciting if it will be a little bit more advanced course.
Helpful. I never received the answers to incorrect problems after I submitted the completed final exam to AIPB.
Great workbook. Explains the accounting cycle very well and how accounting erros affect the bottom line and how to correct them.
Good.
good book
good
Excellent, clear and to the point
Excellent course, whether it’s your first time being introduced to accounting and bookkeeping concepts, or as a primer for someone with a degree and experience but who’s been away from it for some time.
Excellent course work. Covered all the necessary theory while delivering practical solutions ready to apply to the everyday work environment. I loved it. Great job AIPB.