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
Denise –
This instruction booklet taught me much.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Rosemarie –
This course was very good. It was also difficult. I work in bookkeeping on a regular basis and need to correct errors all the time and I had a hard time with it.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Jean –
This course is well done and able people to understand better the accounting science. A+ is your gradee
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Harold –
This book was good.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Rena –
This book has really helped me to better service my clients books on how to locate and correct accounting errors.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Laura –
The workbooks are very helpful.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Frank –
The quiz’s help reinforce the material
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Diana –
The only piece of the coursebook I found was the chapter where it showed you how to find transpositions/slides etc. Truly in today’s computerized accounting world, this isn’t something to me that I needed to try and learn. It actually was the most difficult part of this book to total retain what I was learning. All of the other chapters I can understand needed to be a part of this book
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Robert –
The material was presented in a way that built on and reinforced what was taught in “Adjusting Entries.”
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Adriana –
The Material is practical and you can dominate the subject very fast
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Patricia –
The course was easy to understand and straight-forward.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Adryna –
The book was very well written so that I could understand it.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Linda –
taught me little tricks.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Amitabh –
Simple and Great
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Troy –
Really great course. I thought it was challenging, current and understandable. I enjoyed the process and had a quick turnaround with my exam results. I am disappointed, however, that any certification I receive through this process is not recognized or allowed in the State of Idaho. I would like to see a states level certification similar to the federal level certification for tax preparers. Other than that, great program
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Bonnie –
re- learned some new tricks
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Bj –
ok, needs index
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Rajpatty –
My reference tool
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Lynette –
loved it!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Jennifer –
Learned a few new things that I did not know.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Maria –
It was very important to my position as a bookkeeper
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Toichiro –
It was very detail step for correction which I never looked into. Thank you for kindly explanation.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Michelle –
It was very basic. I enjoyed this lesson very much
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Michelle –
It was very basic. I enjoyed this lesson very much
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Kianoush –
It was great.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Amy –
It was a good course.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Cecilia –
It is a good book.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Irene –
Information was helpful.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
G –
In my perspective it is well prepared and easily understandeable
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Mr. –
I’ll preparing my self to appear in certificate exam soon.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal