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
Montroe –
Great!
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Angela –
great course
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Linda –
Good reference book
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Naishadh –
Good Books
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Eva –
Good basic course
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Laura –
good
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Grace –
Found it very easy to understand and follow
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Nina –
Examples are practical.
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Pamela –
Everyone needs help every now and then to keep the debits and credits straight. Not all entries are expenses. Great workbook.
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Dawn –
You can’t fix your mistakes if you don’t know how to find them. Take this course to find out where to look and how to fix accounting errors.
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Firdous –
Very knowledgeable, Need more details & examples
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Rebecca –
Very helpful on a day-to-day basis.
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Gayle –
Very helpful
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Donna –
Useful information for the profession.
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Janet –
See above
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Helen –
Rate 4 stars
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Jean –
OKAY
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Margaret –
NA
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Beth –
liked the format and quiz process.
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Rachel –
It’s been while since I took this course, but I found it to be helpful. I continue to apply what I learned on the job when needed. This course also served as a refresher course for me. I’m also encouraging my new co-worker to take a few of AIPB courses.
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Rita –
I took the test almost 3 years ago. I was satisfied.
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Kenneth –
I thought each of the courses was right on target. They were a very good source for review for me.
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Patricia –
I found the corrections to the original printed matter difficut to follow, but the course was very good.
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Kathy –
haven’t finished. ran into concepts that i did not have the time to research because i had enrolled at a 4 year college and accepted a full time job. a background in college level accounting courses is very helpful. i’ve taken Payroll, Financial, and Managerial and still had to find websites to try and understand what the course was trying to convey.
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Deanna –
good reference book
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Deneece –
Good
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Ibhate –
EXCELLENT
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Joseph –
Excellent
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Julia –
Detail was provided with thorough examples to follow in order to gather a full understanding.
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Kathleen –
Course provided basic information to correct most accounting errors
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