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 took this course a few years ago, I liked it.
I liked the material in this workbook. I do not like the typeface/font in this book. I can’t quite put my finger on it, but something about it makes it difficult to read.
I found the instractions clear and this is what I expected. I would recommend this course to other accounting professionals
I feel this again is covered in a basic account class – it used to be account 101 when I took it – a good refresher class of basic learned many years ago.
I am using some of the techniques learned in this book at client offices. Good learning tool.
I am still working on this in my spare time. I love what you are doing. Thank you very much!! It’s great! Debbie McDowell
I am currently refreshing my accounting knowledge, and AIPB’s continuing education courses really helped me in doing so. Thanks a lot!
great intro tool
Good review of accounting errors.
Good resource.
Good enough in details.
good
Enjoyed “de-bugging” the errors. Textbook helped to focus on where problems might lie.
Easy to understand. I really like the way these books are all broken down to easy to read chapters and then the reviews throughout the book.
Easy to understand and thorough.
Covers a wide variety of issues that you may get exposed to.
another good course
An excellent course, useful for both the beginner and the pro who needs a review. The numerous practice problems are extremely useful for ensuring the reader has understood the lesson.
All the books are good for any level of bookkeeping. I recommend the CB test for any bookkeepers.
Again, very fundamental stuff, detailed and concise as it should be. I am looking forward to the next courses.
A way of looking at the bank rec that was new to me since I’m a QuickBooks Pro.
Very helpful
Great tool for researching and correcting accounting errors. very through.
Easy to follow instructions.
All the self study materials I’ve used so far have been straight to the point, and not giving more information than necessary. The double quiz at the end of each chapter reinforce the points that should be remembered. Would definitely recommend AIPB for any self study they offer.
I find all of AIPB’s courses very through and informative. I found the course content easy to understand.
This helped to figure out where to start looking for errors and how to help prevent the errors in the first place.
This course touched on areas that were not being used in the company where I work. It’s always nice to be introduced to new concepts and feel satisfaction when you can apply them to your position. The course gave me information that enhanced my job performance and understanding of accounting.
Is similar in some ways to a chapter in an Intermediate Accounting textbook.
Very helpful information.