ACCT 190 Certified Bookkeeper Review Course

This course serves as a final review for students preparing to sit for the certified bookkeeper exam. Using materials produced by the American Institute of Professional Bookkeepers (AIPB), this course examines and practices all of the topics found directly on the exam.

Credits

Prerequisite

ACCT 111

Hours Weekly

3 hours weekly

Course Objectives

1. Calculate and record adjusting entries for deferrals and accruals.
2. Prepare a trial balance and, after calculating adjustments, an adjusted trial balance.
3. Depreciate assets under the straight-line, units of production, double declining balance and sum-of-theyears’-digits
methods.
4. Prepare and record the basic payroll functions including wages, withholding, payroll taxes and benefits
expense and all related forms.
5. Record inventory purchases and sales using periodic and perpetual inventory valuation systems.
6. Calculate and record ending inventory and cost of goods sold using first-in, first-out (FIFO), last-in, firstout
(LIFO) and average costing methods.
7. Install internal controls to prevent employee theft.
8. Install internal controls to prevent fraud.

Course Objectives

1. Calculate and record adjusting entries for deferrals and accruals.
2. Prepare a trial balance and, after calculating adjustments, an adjusted trial balance.
3. Depreciate assets under the straight-line, units of production, double declining balance and sum-of-theyears’-digits
methods.
4. Prepare and record the basic payroll functions including wages, withholding, payroll taxes and benefits
expense and all related forms.
5. Record inventory purchases and sales using periodic and perpetual inventory valuation systems.
6. Calculate and record ending inventory and cost of goods sold using first-in, first-out (FIFO), last-in, firstout
(LIFO) and average costing methods.
7. Install internal controls to prevent employee theft.
8. Install internal controls to prevent fraud.