Table of Contents Module 1 - Certified Bookkeeper Program Section 1: Course Overview Overview. Eligibility Requirements. Testing Program. Code of Ethics. Maintenance of Certification. Module 2 - Mastering Adjusting Entries Section 1: Why We Use Accruals, Deferrals and Other Adjustments Why accruals, deferrals and other adjustments are made. Cash basis accounting. Accrual basis accounting. Example of recording revenue under each method. Example of recording expense under each method. Assignment and End Of Section Self-Check. Section 2: Accrued Revenue The definition of accrued revenue. The entry to accrue revenues. Examples of accrued revenue. The effect of failing to accrue revenue. How to record interest revenue. Assignment and End Of Section Self-Check. Section 3: Accrued Expenses (Accrued Liabilities) The definition of accrued expenses. The entry to accrue expenses. Examples of accrued expenses. The effect of failing to accrue expenses. How to record interest expense. Assignment and End Of Section Self-Check. Section 4: Revenue Collected in Advance (Unearned Revenue) The definition of revenue collected in advance (unearned revenue). Two ways to record unearned revenue. Examples of unearned revenue. The effect of failing to record adjustments to unearned revenue. Assignment and End Of Section Self-Check. Section 5: Prepaid (Deferred) Expenses The definition of prepaid (deferred) expenses. Two ways to record prepaid expenses. Examples of prepaid expenses. The effect of failing to record adjustments to prepaid expenses. Assignment and End Of Section Self-Check. Section 6: Other End-of-Period Entries How to record entries related to depreciation expense. How to record entries related to bad debt expense. How to record entries related to cash received. Assignment and End Of Section Self-Check. Section 7: From Unadjusted Trial Balance to Financial Statements The chart of accounts. The steps to preparing financial statements. Assignment and End Of Section Self-Check. Module 3 - Mastering Correction of Accounting Errors Section 1: Where Errors Occur and How They Are Found The definition of an accounting error. Specific types of accounting errors. Finding accounting errors. Correcting accounting errors. Assignment and End Of Section Self-Check. Section 2: The Bank Reconciliation The purpose of doing a bank reconciliation. Why the bank "credits" your account when it is really a debit to you. The differences between cash in bank and cash on the books. How to complete a bank reconciliation step-by-step. Assignment and End Of Section Self-Check. Section 3: Finding and Correcting Errors Using the Unadjusted Trial Balance Recap of the mechanics of the trial balance and accounts. Steps to locating errors using the unadjusted trial balance. Assignment and End Of Section Self-Check. Section 4: Correcting Current Period Accrual Errors Recap of definition of current period accrual errors. Recap of definition of prior period errors. Ways to correct current period accrual errors. Assignment and End Of Section Self-Check. Section 5: Correcting Current Period Deferral Errors Recap of definition of current period deferral errors. Ways to correct current period deferral errors. Assignment and End Of Section Self-Check. Module 4 - Mastering Payroll Section 1: Employees vs Non-employees Overview of payroll. Six categories of workers. The difference between employees and independent contractors. Differences in paying employees and subcontractors. Penalties for misclassifying workers. Assignment and End Of Section Self-Check. Section 2: Federal and State Wage-Hour Law Section 3: Paying Employees under Federal Law Section 4: Employment Records and Payroll Recordkeeping Section 5: Employee Data: Form W-4 and State Withholding Certificates Section 6: How Employers Withhold and Deposit Federal Taxes Section 7: Federal Employment Reporting Forms and Due Dates Section 8: When Wages Become Taxable Section 9: Other Reporting Rules Section 10: Payroll Entries Module 5 - Mastering Depreciation Section 1: Depreciation on the Financial Statements vs the Tax Return Section 2: Depreciation under GAAP Section 3: The Straight-Line Method of Depreciation Section 4: The Units of Production Method of Depreciation Section 5: The Declining Balance Method of Depreciation Section 6: The Sum-of-the-Years'-Digits Method of Depreciation Section 7: Depreciation under Federal Income Tax Depreciation Rules Section 8: Tax Depreciation of Passenger Cars and Other Vehicles Module 6 - Mastering Inventory Section 1: Introduction to Accounting for Inventory Section 2: Inventory Recordkeeping - The Perpetual Method Section 3: Inventory Recordkeeping - The Periodic Method Section 4: Inventory Costing - The Weighted and Moving Average Methods Section 5: Inventory Costing - The FIFO Method Section 6: Inventory Costing - The LIFO Method Section 7: Inventory Costing - The Lower of Cost or Market Rule