The American Institute of Professional BookkeepersThe National Association for Bookkeepers Since 1987

6001 Montrose Road, Suite 500, Rockville, MD 20852 Phone: 800-622-0121 n Fax: 800-541-0066

info@aipb.org n www.aipb.org

The Certified Bookkeeper™ Prep CourseNational Certification—the Credential for Direct-Employment Students

2

The American Institute of Professional Bookkeepers’ (AIPB) Certified Bookkeeper (CB) Classroom Prep Course

What the CB Classroom Prep Course Does for Local BusinessesCertification guarantees—that’s right, guarantees—that the bookkeeper a local business hires or employs is expert at every key bookkeeping skill and responsibility.

Over 200 schools offer this CB course.

Benefits of the CB Prep Course for Your AA Programn You meet your workforce-development goals.

n You meet your outcome-assessment goals.

n You add a job-skills capstone to your AA program. Because this certification is also for working bookkeepers, every step is focused on on-the-job skills, knowledge and expert competence.

n The CB course is easy to implement and teach. Your instructor gets a full set of teaching aids —PowerPoint slides, lecture notes, homework, practice tests—and ongoing support from AIPB for any size class.

n The CB course includes full support from AIPB. We support your instructor at every step, from implementation to classroom to designation of the students as Certified Bookkeepers (CBs).

n The CB course guarantees competence for local employers. A Certified Bookkeeper’s competence is proven by a national exam administered by an independent third party.

See what instructors say about the CB prep course on page 5.

Benefits to CB Course ParticipantsA 2019 survey of CBs by Lewis & Clark, Raleigh, NC, reveals:n 90% of all CBs, employed and

freelance, recommend certification to other bookkeepers.

n 81% of employed CBs say certification was important in getting a promotion or a new job.

n 81% of employed CBs who have interviewed for a new job since becoming certified say that certification was important in obtaining the interview.

n 85% of freelance CBs say they have raised their rates or gained new clients since becoming certified.

3

Prerequisites and RequirementsPrerequisites. A solid academic background in double-entry bookkeeping or on-the-job bookkeeping experience. Those who try to take the course “to get into bookkeeping” will be lost.

Requirement #1. Pass the 4-part national certification exam. The exam covers 6 areas:

Part 1. Test given at your local Prometric Test Center (there are 300 in the U.S.). Students receive instructions on how to schedule the tests at Prometric.

✓ Adjusting entries and the trial balance ✓ Finding and correcting errors in company

accounts and the bank statement

Part 2. Test given at your local Prometric Test Center. ✓ Payroll (remember—payroll is intricate tax law) ✓ Depreciation under accounting rules v. under tax rules (totally different)

Part 3. Test given in class. ✓ Inventory. In-class test on the perpetual v. periodic method

and LIFO v. FIFO v. LCM v. other costing

Part 4. Test given in class. ✓ Internal controls and fraud prevention.

Requirement #2. Have 2 years’ on-the-job experience as a bookkeeper. This can be completed after passing the national certification exam. Students who pass the national certification exam receive a letter to show employers.

Requirement #3. Sign a Code of Ethics.

Implementing Your Certified Bookkeeper (CB) Prep Course The most successful CB courses are approximately 75 contact hours. You can use a 12-week, 16-week or other term (see the sample syllabus on page 9).

CostsRegistration in the Certified Bookkeeper program $ 10 (normally $60)Cost to school of six workbooks $203*Parts 1 and 2 of the national certification exam at Prometric $200

* This is the cost, plus s/h, to your bookstore, which sets its own price. Some schools arrange to pay only $203 by purchasing the books directly from AIPB instead of going through the bookstore.

LCT120

Dear Professional Bookkeeper:

Let me invite you to join bookkeepers nationwide in the national association for your profession.

Whether you are employed or in your own business, I hope you will accept this invitation. Here is why:

7 MAJOR BENEFITS OF MEMBERSHIP

1 You enhance your knowledge and career staying up to date with the first and only publication for bookkeepers—THE GENERAL LEDGER digital newsletter. Each month, it updates you in minutes on key changes in bookkeeping, accounting, tax and reporting requirements, state-by-state news, and more.

2 You get answers to your accounting, payroll and QuickBooks questions—free. As a member, you can use our exclusive telephone AnswerLine any time—at no charge.

3 You receive a personal, dated Certificate of Membership with your name on it to reflect your professional status. Suitable for framing.

4 You can find a job—free—or find new clients on our free jobs site at www.aipb.org. Plus: if you need an assistant or additional bookkeeper, you can advertise free.

5 You get special member discounts—such as:

• Save up to 34% on select UPS® shipping options.• Save 20% on professional liability insurance from a top insurer.

6 You can become a Certified Bookkeeper—and put CB after your name. You can be certified without joining, but members save many times their dues on certification (membership is not required for certification).

Benefits, continued > > >

The American Institute ofProfessional Bookkeepers6001 Montrose Road • Suite 500 • Rockville, MD 20852 • (301) 770-7300 • aipb.org

Board of

Dr. Barry C. BrodenDepartment of Accounting

and TaxationUniversity of HartfordWayne L. Edmunds, CPA, JD, MLTDepartment of AccountingVirginia Commonwealth UniversityLorelei M. Krucki, CPPDepartment of Corporate TrainingSt. Petersburg CollegeDr. Gordon S. MayJ.M. Tull School

of Accounting (Ret.)University of GeorgiaDebera J. Salam, CPPDirector, Payroll Information

and Process ServicesErnst & Young LLPL. G. SchlossDepartment of Accounting

and Law (Ret.)Iona College

National CertificationThe Certified Bookkeeper (CB)Designation

ResourcesThe Encyclopedia of

Journal EntriesThe General Ledger (monthly)

CPE Accounting CoursesMastering Adjusting Entries Mastering DepreciationMastering Correction of

Accounting ErrorsMastering Internal Controls

and Fraud PreventionMastering Financial

Statement AnalysisMastering InventoryMastering Payroll Mastering the Statement of

Cash FlowsMastering Credit

and CollectionsMastering Double-Entry

Bookkeeping

CPE Tax CoursesMastering Tax Preparation for:

C CorporationsS CorporationsPartnershipsSole Proprietorships

You are invited to accept anIntroductory Membership in the

national association for bookkeepers…

May 1, 2019

To Whom It May Concern:

This is to attest that Ellis Smith has passed the national Certified Bookkeeper exam, which demonstrates the skills and knowledge required to keep the books and produce the adjusted trial balance for a company of up to 100 employees.

Smith has demonstrated this high degree of proficiency in the following areas:

1. Adjusting Entries (accruals and deferrals), from setting up the trial balance to computing and entering the end- of-period adjustments to producing the adjust-ed trial balance.

2. The bank reconciliation and error correction, from performing the monthly bank reconciliation to finding and correcting errors in the trial balance.

3. Basic payroll functions, from properly handling the W-4 to knowing how to pay various categories of employees under federal law, from withholding and depositing taxes to filing Forms 941, 940 and W-2 to recording payroll in the firm’s books.

4. Computing and recording basic book and tax depreciation, from computing depreciation under the four GAAP methods to taking Section 179 deductions and computing tax depreciation on property, plant and equipment including vehicles from setting up to main- taining the company’s depreciation schedule.

5. Merchandise inventory, from recording inventory under the perpetual or periodic method to costing out inventory using weighted- or moving-average, FIFO, LIFO or lower-of-cost-or- market, to closing out inventory at the end of the period.

6. Internal controls and fraud prevention, from preventing check and credit card fraud and inventory theft by employees or customers to preventing vendors from cheating your company.

M. Smith has proven these skills by passing the national certification exam, which includes timed tests at Prometric Test Centers.

Sincerely,

Stanley I. Hartman Executive Director

15

December 14, 2016

To Whom It May Concern:

This is to attest that Ellis Smith has passed the national Certified Bookkeeper exam, which demonstrates the skills andknowledge required to keep the books and produce the adjusted trial balance for a company of up to 100 employees.

M. Smith has demonstrated this high degree of proficiency in the following areas:

1. Adjusting Entries (accruals and deferrals), fromsetting up the trial balance to computing and entering the end- of-period adjustments to producing the adjusted trial balance.

2. The bank reconciliation and error correction, fromperforming the monthly bank reconciliation to finding andcorrecting errors in the trial balance.

3. Basic payroll functions, from properly handling the W-4 to knowing how to pay various categories of employees underfederal law, from withholding and depositing taxes to filing Forms 941, 940 and W-2 to recording payroll in the firm’s books.

4. Computing and recording basic book and tax depreciation, from computing depreciation under the four GAAP methods to taking Section 179 deductions and computing tax depreciation on property, plant and equipment including vehicles from setting up to main-taining the company’s depreciation schedule.

5. Merchandise inventory, from recording inventory under the perpetual or periodic method to costing out inventory using weighted- or moving-average, FIFO, LIFO or lower-of-cost-or-market, to closing out inventory at the end of the period.

6. Internal controls and fraud prevention, from preventing check and credit card fraud and inventory theft by employees or customers to preventing vendors from cheating your company.

M. Smith has proven the first four skills in timed tests at a Prometric Test Center and proven the last two skills in paper-and-pencil tests given by AIPB.

Sincerely,

Stanley I. Hartman Executive Director

The American Institute ofProfessional Bookkeepers6001 Montrose Road, Suite 500, Rockville, MD 20852

(301) 770-7300 www.aipb.org

Board of AdvisorsDr. Gary F. BulmashDepartment of Accounting University of Maryland

Lorelei M. Krucki, CPPClient Support ManagerMangrove Software

Dr. Barry C. BrodenDepartment of Accounting and Taxation (Ret.)University of Hartford

Dr. Gordon S. MayJ.M. Tull School of Accounting (Ret.)University of Georgia

Debera J. Salam, CPPDirector, Payroll Informationand Process Services

L. G. SchlossDepartment of Accounting and Law (Ret.)Iona College

CertificationCollege and Career School ProgramsIndividual CertificationNational Certification Testing

BooksThe Encyclopedia of Journal Entries

PeriodicalsThe General Ledger

CPE Accounting CoursesMastering Adjusting Entries Mastering DepreciationMastering Correction) of Accounting ErrorsMastering Internal Controls and Fraud PreventionMastering Financial Statement AnalysisMastering InventoryMastering Payroll Mastering the Statement of Cash FlowsMastering CollectionsMastering Double-Entry Bookkeeping

CPE Tax CoursesMastering Tax Preparation for: C Corporations S Corporations Partnerships Sole Proprietorships

LCT120

Dear Professional Bookkeeper:

Let me invite you to join bookkeepers nationwide in the national association for your profession.

Whether you are employed or in your own business, I hope you will accept this invitation. Here is why:

7 MAJOR BENEFITS OF MEMBERSHIP

1 You enhance your knowledge and career staying up to date with the first and only publication for bookkeepers—THE GENERAL LEDGER digital newsletter. Each month, it updates you in minutes on key changes in bookkeeping, accounting, tax and reporting requirements, state-by-state news, and more.

2 You get answers to your accounting, payroll and QuickBooks questions—free. As a member, you can use our exclusive telephone AnswerLine any time—at no charge.

3 You receive a personal, dated Certificate of Membership with your name on it to reflect your professional status. Suitable for framing.

4 You can find a job—free—or find new clients on our free jobs site at www.aipb.org. Plus: if you need an assistant or additional bookkeeper, you can advertise free.

5 You get special member discounts—such as:

• Save up to 34% on select UPS® shipping options.• Save 20% on professional liability insurance from a top insurer.

6 You can become a Certified Bookkeeper—and put CB after your name. You can be certified without joining, but members save many times their dues on certification (membership is not required for certification).

Benefits, continued > > >

The American Institute ofProfessional Bookkeepers6001 Montrose Road • Suite 500 • Rockville, MD 20852 • (301) 770-7300 • aipb.org

Board of

Dr. Barry C. BrodenDepartment of Accounting

and TaxationUniversity of HartfordWayne L. Edmunds, CPA, JD, MLTDepartment of AccountingVirginia Commonwealth UniversityLorelei M. Krucki, CPPDepartment of Corporate TrainingSt. Petersburg CollegeDr. Gordon S. MayJ.M. Tull School

of Accounting (Ret.)University of GeorgiaDebera J. Salam, CPPDirector, Payroll Information

and Process ServicesErnst & Young LLPL. G. SchlossDepartment of Accounting

and Law (Ret.)Iona College

National CertificationThe Certified Bookkeeper (CB)Designation

ResourcesThe Encyclopedia of

Journal EntriesThe General Ledger (monthly)

CPE Accounting CoursesMastering Adjusting Entries Mastering DepreciationMastering Correction of

Accounting ErrorsMastering Internal Controls

and Fraud PreventionMastering Financial

Statement AnalysisMastering InventoryMastering Payroll Mastering the Statement of

Cash FlowsMastering Credit

and CollectionsMastering Double-Entry

Bookkeeping

CPE Tax CoursesMastering Tax Preparation for:

C CorporationsS CorporationsPartnershipsSole Proprietorships

You are invited to accept anIntroductory Membership in the

national association for bookkeepers…

May 1, 2019

To Whom It May Concern:

This is to attest that Ellis Smith has passed the national Certified Bookkeeper exam, which demonstrates the skills and knowledge required to keep the books and produce the adjusted trial balance for a company of up to 100 employees.

Smith has demonstrated this high degree of proficiency in the following areas:

1. Adjusting Entries (accruals and deferrals), from setting up the trial balance to computing and entering the end- of-period adjustments to producing the adjust-ed trial balance.

2. The bank reconciliation and error correction, from performing the monthly bank reconciliation to finding and correcting errors in the trial balance.

3. Basic payroll functions, from properly handling the W-4 to knowing how to pay various categories of employees under federal law, from withholding and depositing taxes to filing Forms 941, 940 and W-2 to recording payroll in the firm’s books.

4. Computing and recording basic book and tax depreciation, from computing depreciation under the four GAAP methods to taking Section 179 deductions and computing tax depreciation on property, plant and equipment including vehicles from setting up to main- taining the company’s depreciation schedule.

5. Merchandise inventory, from recording inventory under the perpetual or periodic method to costing out inventory using weighted- or moving-average, FIFO, LIFO or lower-of-cost-or- market, to closing out inventory at the end of the period.

6. Internal controls and fraud prevention, from preventing check and credit card fraud and inventory theft by employees or customers to preventing vendors from cheating your company.

M. Smith has proven these skills by passing the national certification exam, which includes timed tests at Prometric Test Centers.

Sincerely,

Stanley I. Hartman Executive Director

15

December 14, 2016

To Whom It May Concern:

This is to attest that Ellis Smith has passed the national Certified Bookkeeper exam, which demonstrates the skills andknowledge required to keep the books and produce the adjusted trial balance for a company of up to 100 employees.

M. Smith has demonstrated this high degree of proficiency in the following areas:

1. Adjusting Entries (accruals and deferrals), fromsetting up the trial balance to computing and entering the end- of-period adjustments to producing the adjusted trial balance.

2. The bank reconciliation and error correction, fromperforming the monthly bank reconciliation to finding andcorrecting errors in the trial balance.

3. Basic payroll functions, from properly handling the W-4 to knowing how to pay various categories of employees underfederal law, from withholding and depositing taxes to filing Forms 941, 940 and W-2 to recording payroll in the firm’s books.

4. Computing and recording basic book and tax depreciation, from computing depreciation under the four GAAP methods to taking Section 179 deductions and computing tax depreciation on property, plant and equipment including vehicles from setting up to main-taining the company’s depreciation schedule.

5. Merchandise inventory, from recording inventory under the perpetual or periodic method to costing out inventory using weighted- or moving-average, FIFO, LIFO or lower-of-cost-or-market, to closing out inventory at the end of the period.

6. Internal controls and fraud prevention, from preventing check and credit card fraud and inventory theft by employees or customers to preventing vendors from cheating your company.

M. Smith has proven the first four skills in timed tests at a Prometric Test Center and proven the last two skills in paper-and-pencil tests given by AIPB.

Sincerely,

Stanley I. Hartman Executive Director

The American Institute ofProfessional Bookkeepers6001 Montrose Road, Suite 500, Rockville, MD 20852

(301) 770-7300 www.aipb.org

Board of AdvisorsDr. Gary F. BulmashDepartment of Accounting University of Maryland

Lorelei M. Krucki, CPPClient Support ManagerMangrove Software

Dr. Barry C. BrodenDepartment of Accounting and Taxation (Ret.)University of Hartford

Dr. Gordon S. MayJ.M. Tull School of Accounting (Ret.)University of Georgia

Debera J. Salam, CPPDirector, Payroll Informationand Process Services

L. G. SchlossDepartment of Accounting and Law (Ret.)Iona College

CertificationCollege and Career School ProgramsIndividual CertificationNational Certification Testing

BooksThe Encyclopedia of Journal Entries

PeriodicalsThe General Ledger

CPE Accounting CoursesMastering Adjusting Entries Mastering DepreciationMastering Correction) of Accounting ErrorsMastering Internal Controls and Fraud PreventionMastering Financial Statement AnalysisMastering InventoryMastering Payroll Mastering the Statement of Cash FlowsMastering CollectionsMastering Double-Entry Bookkeeping

CPE Tax CoursesMastering Tax Preparation for: C Corporations S Corporations Partnerships Sole Proprietorships

4

After becoming certified, CBs, like all professionals, must meet ongoing continuing education requirements. Our CB Student Handbook gives each student all the details.

For Your CB Prep Course InstructorEven though the six CB prep workbooks are almost self-teaching, your instructor also gets a full set of teaching aids, including:n PowerPoint presentations for each chapter of each

workbookn Lecture notes for each chapter of each workbookn Homework problems for each chapter of each

workbookn Practice tests for each chapter of each workbookn You or your instructor can take one of the national

certification exam tests at Prometric at no charge.

Where the CB Course Fits Into AA Program GoalsReports from AA programs for direct employment show that they use the CB course in similar ways, regardless of whether the course is a requirement or an elective:n The CB course is a natural progression from the other AA courses.n The CB course is a capstone for your AA program.n Certification helps students get jobs faster (“a way to get your resume to the top of the pile”).

And certification is a superior job-market credential.

5

AA Programs Describe Their Experience With the Classroom CB Prep Course

Bellevue Community College, Bellevue WACB course: Required for AA Degree for direct employmentNational CB exam: Required to get the 4 credits for taking the course. (100% of students in the course take the exam.)

Rosemary Hall, CB Course Instructor and Former Chair, Accounting Department: “I told Work-force Development that the CB course is critical to our students getting jobs. Every quarter, three or four employers call me for a bookkeeper or accountant. I always tell my CB students about these opportunities first because I know they can get the job—and do the job.

The combination of the CB class training and passing the CB exam gives even the most insecure students, regardless of their age, enormous confidence about competing in today’s workplace. Telling an employer, ‘I went to this college and got a 2-year degree’ raises the question, ‘Yes, but do you know your stuff?’ The CB designation is confirmation by a third party that our students really know their stuff.”

West Georgia Technical College, Waco, GACB course: Required for AA DegreeNational CB exam: Optional (40%–60% of students elect to take the exam)

Ernest Head, Chair, Online Division and Business Information Division, West Georgia Technical College, Waco, GA: “After witnessing firsthand the benefits of certification, we thought it should be applied to all our Associate Degree students. The proven skills they have as a CB makes them more marketable.

It is also an additional qualification—a step above a diploma or degree. In many cases, this additional certification has meant higher pay.”

Robert Curry, Asst. Vice Pres., Academic Affairs, West Georgia Technical College, Waco, GA: “Any time you have certification of your skills, it gives you an edge in the job market because you stand out above the crowd. We know CB graduates got good jobs making good money—some make more than I do.

The majority of students who take the CB course take the national exam, even though it means a 2-hour drive to Atlanta. The course also greatly helps students who don’t take the exam because it cements areas where they were weak.

At AA program advisory meetings with local employers, every time we mention the CB program, it lights these people up. Since we have been offering the CB course, we get a lot of calls directly from employers because they know we have qualified people.

I decided to become a CB before teaching the course. My students often ask how difficult the exam is. When I tell them that they will do well if they study the workbooks, they often ask: ‘How do you

6

know? Did you take the exam?’ The fact that I have has given me enormous credibility and increased students’ willingness to take the exam.”

Gina McFarlin, CB, Accounting Program Chair, West Georgia Technical College, Waco, GA:“I became a CB prior to teaching the course because I wanted to set an example for my students. The workbook quizzes and final exam are very good for preparing for the national exam.

Even if students have gone to school and done well, passing an independent national exam is some-thing extra to tell employers. For example, one student’s proven skill in inventory and depreciation got him a job with a company that had never hired an accountant. I’m really happy for him.

Many of our CB students are not in the AA program, but are working people who hold factory jobs and want to move up in the job market (they take basic accounting courses before the CB course) or are stay-at-home moms returning to the job market.

I see the CB course as a review and refresher, particularly in recording journal entries, which will be so important when they get a job.”

Crowder College, Neosho, MOCB course: Required for A.A.S. DegreeNational CB exam: Optional (35%–50% of students elect to take the exam)

Carolyn Strauch, CPA, Lead Accounting Instructor, Crowder College, Neosho, MO: “When I learned of the Certified Bookkeeper course at TACTYC, I saw it as both a good capstone for Crowder’s A.A.S. Accounting degree program and, more importantly, as a validation of our degree because of the national CB exam. The ‘national’ is really important because it shows prospective employers that students really know their accounting.

For example, a student in her mid-40s who had a B.A. in Math Education enrolled in our A.A.S. Accounting program because she wanted to change careers. After passing the national CB exam, a local manufacturer offered her a job. She wrote me to say that the CB credential was what tipped the balance in her favor. The company was so impressed with the CB credential and with the knowledge she had gained from it that they are grooming her for a management position in accounting.

An international student from Russia recently passed the CB exam and was hired by our college as the school’s Accounts Payable and Inventory Accountant—not as a bookkeeper, but as an accountant.

If all the applicants for a job are pretty much the same, I have found that the CB makes the difference that helps the student get the job.

There are several reasons for this. Passing the national CB exam shows commitment and perseverance —two qualities that employers value highly. Just as important is the enormous self-confidence students gain when they pass the national CB exam. Confidence is another trait employers look for.We want to give students every advantage we can, and passing a third-party exam gives our graduates that something extra.

7

Preparation for the certification exam also shows students what they need to review. I believe that students who cannot pass the CB exam are not ready to keep the books.”

AA Faculty Resources for the CB CourseThe following faculty are resources for information on using the CB course in AA programs, listed in alphabetical order by school:

Bellevue Community College, Bellevue WARosemary Hall, CB Instructor and Former Chair, Acct. Dept. rosemary.hall@bellevuecollege.edu

Crowder College, Neosho, MOCarolyn Strauch, CPA, Lead Accounting Instructor carolynstrauch@crowder.edu

West Georgia Technical College, Waco, GARobert Curry, Asst. Vice Pres., Academic Affairs rcurry@westgatech.eduGina McFarlin, Accounting Program Chair gina.mcfarlin@westgatech.edu

8

1. Mastering Adjusting EntriesSection 1. Accrual v. cash basis Section 2. Accrued revenueSection 3. Accrued expensesSection 4. Unearned revenueSection 5. Prepaid (deferred) expenses. Section 6. Other adjusting entries (depreciation, bad debt, etc.)Section 7. From the unadjusted

trial balance to the financial statements

2. Mastering Correction of Accounting ErrorsSection 1. Where accounting errors occur—how to find themSection 2. The bank reconciliationSection 3. Using the trial balance to find errors Section 4. Correcting current- period accrual errorsSection 5. Correcting current- period deferral errors

3. Mastering PayrollSection 1. Employees v. nonemployeesSection 2. Federal v. state lawsSection 3. Paying employees under federal lawSection 4. Required payroll dataSection 5. Form W-4 and state withholding formsSection 6. Withholding and depositing taxes

Section 7. Completing federal reporting formsSection 8. When wages are taxableSection 9. Other federal and state requirementsSection 10. Journal entries for payroll

4. Mastering DepreciationSection 1. Depreciation for book v. tax purposes.Section 2. GAAP depreciationSection 3. The straight-line method Section 4. The units-of- production method Section 5. The declining balance method

Section 6. The sum-of-the-years’-digits methodSection 7. Depreciation under federal tax rulesSection 8. Depreciating vehicles under MACRS

5. Mastering InventorySection 1. Merchandise inventorySection 2. The perpetual methodSection 3. The periodic methodSection 4. Weighted avg. costingSection 5. FIFO costingSection 6. LIFO costingSection 7. The lower of cost or market (LCM) rule

6. Mastering Internal Controls and Fraud Prevention Section 1. How employees steal noncash assetsSection 2. How to prevent employee theft before it startsSection 3. Preventing check fraud Section 4. Preventing credit-card fraudSection 5. Preventing vendor cheating

Section 6. Con schemes and other scams against business

The Six CB Prep Course Workbooks

Masterin

gD

epreciatio

nA

IPB

MasteringDepreciation

AIPBSuite 5006001 Montrose Road

Rockville, Maryland 20852

Masterin

gD

epreciatio

nA

IPB

5 5 9 0 0 >

78 1938 7410369

5 5 9 0 0 >ISBN 9781938741036

9

Week 1Tuesday, January 8, 2019, 6:00-9:30 p.m.1. Introduction2. Instructor’s background3. Objectives and structure of course4. Administrative details5. Grades 6. Homework7. Contact information and general information8. Benefits of certification 9. Questions10. Subject matter covered in the exam a. Taking the exam b. Administrative details c. Available national exam dates d. Exam paperwork

A. Mastering Adjusting Entries1. Accruals, deferrals and other adjustments2. Accruing revenues at the end of the period3. Accruing expenses at the end of the period4. Recognizing revenue when payment was col-

lected in advance (unearned revenue)5. Recognizing an expense after a prepayment

was made and deferring the unused portion6. Discuss and assign homework.

Saturday, January 12, 2019, 8:30 a.m.-1:30 p.m.1. Review homework assigned on Tuesday.2. Mastering Adjusting Entries quizzes, Secs.

1-5.3. Do problems supplied by instructor.4. Question and answer session

Week 2Tuesday, January 15, 2019, 6:00-9:30 p.m.1. Other adjusting entries2. Preparing the unadjusted trial balance on

the worksheet, making the adjustments, and extending the worksheet to the unadjusted trial balance

B. Mastering Correction of Accounting Errors1. When and where accounting errors occur and

how they are found2. Performing the bank reconciliation3. Discuss and assign homework.

Saturday, January 19, 2019, 8:30 a.m.-1:30 p.m.1. Review homework assigned on Tuesday.2. Do Mastering Adjusting Entries quizzes, Secs.

6-8.3. Do Error Correction quizzes, Secs. 1-2.4. Do problems supplied by the instructor.5. Question and answer session

Week 3Tuesday, January 22, 2019, 6:00-9:30 p.m.1. Finding and correcting errors in the unadjust-

ed trial balance2. Correcting current-period accrual errors3. Discuss and assign homework.

Saturday, January 26, 2019, 8:30 a.m.-1:30 p.m.1. Review homework assigned on Tuesday.2. Do Error Correction quizzes, Secs. 3-5.3. Do problems supplied by the instructor.4. Question and answer session5. Prepare to take Part 1 of the national exam.

Certified Bookkeeper (CB) Classroom Course Syllabus

[SAMPLE COURSE SYLLABUS]

University of California at San Diego Extension Originally prepared by Wade Lindenberger, CPA

10

C. Mastering Payroll Week 4Tuesday, January 29, 2019, 6:00-9:30 p.m.1. How to pay different kinds of employees2. Federal v. state wage-hour law3. Paying employees under federal law4. Discuss and assign homework.

Saturday, February 2, 2019, 8:30 a.m.-1:30 p.m.Take Part 1 of the national CB exam at Prometric:Adjusting Entries and Error CorrectionPassing grade: 75% on each part of the test.

Week 5Tuesday, February 5, 2019, 6:00-9:30 p.m.1. Employment and payroll recordkeeping2. Form W-4 and comparable state forms3. How to withhold and deposit federal taxes4. Federal reporting forms, due dates5. Discuss and assign homework.

Saturday, February 9, 2019, 8:30 a.m.-1:30 p.m.1. Do Mastering Payroll quizzes, Secs. 1-7.2. Do problems supplied by the instructor.

Week 6Tuesday, February 12, 2019, 6:00-9:30 p.m.1. When wages become taxable2. Other reporting rules3. Creating a payroll register, recording the JEs

D. Mastering Depreciation1. Book (financial statement) v. tax depreciation2. Depreciation under GAAP for book purposes3. Compute/allocate depreciation for an asset

purchased at the beginning v. during the year and prepare the depreciation schedule under S/L.

4. Discuss and assign homework.

Saturday, February 16, 2019, 8:30 a.m.-1:30 p.m.1. Review homework assigned on Tuesday.2. Do Mastering Depreciation quizzes, Secs. 1-3.3. Do problems supplied by the instructor.4. Question and answer session

Week 7Tuesday, February 19, 2019, 6:00-9:30 p.m.1. Compute/allocate depreciation for an asset

purchased at the beginning v. during the year and prepare the depreciation schedule under:

a. the units-of-production method; b. the declining balance method; and c. the sum-of-the-years’-digits method.2. Depreciation under federal income tax rules a. Tax depreciation of cars, light modified

v. unmodified SUVs, pickups and vans v. heavy SUVs, pickups and vans

b. Discuss and assign homework.

Saturday, February 23, 2019, 8:30 a.m.-1:30 p.m.1. Review homework and do Mastering

Depreciation Secs. 4-8 quizzes.2. Do problems and have Q&A session.3. Refresher: Prepare for the depreciation sec-

tion of the national exam.

E. Mastering InventoryWeek 8Tuesday, February 26, 2019, 6:00-9:30 p.m.1. General concepts of accounting for inventory2. The perpetual method3. The periodic method4. Discuss and assign homework.

Saturday, March 2, 2019, 8:30 a.m.-1:30 p.m.Take Part 2 of the national exam at Prometric: Payroll and Depreciation. Passing grade: 75%.

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Week 9Tuesday, March 5, 2019, 6:00-9:30 p.m.1. FIFO costing2. Discuss and assign homework.

Saturday, March 9, 2019, 8:30 a.m.-1:30 p.m.1. Review homework assigned on Tuesday.2. Do Mastering Inventory quizzes, Secs. 1-5.3. Do problems supplied by the instructor.4. Assign homework.

Week 10Tuesday, March 12, 2019, 6:00-9:30 p.m.1. How to use the last-in, first-out (LIFO) method2. How to apply lower of cost or market (LCM)3. Assign homework.

Saturday, March 16, 2019, 8:30 a.m.-1:30 p.m.1. Do Mastering Inventory quizzes, Secs. 6-7.2. Do problems supplied by the instructor.3. Assign homework.

Week 11Tuesday, March 19, 2019, 6:00-9:30 p.m.1. Refresher in preparation for taking Part 3

of exam2. Review and Q&A3. Assign Mastering Internal Controls and Fraud

Prevention for next class.

Saturday, March 23, 2019, 8:30 a.m.-1:30 p.m.Take Part 3 of the national exam in class. Back-of-book Final Exam: Inventory. Passing grade: 70%

F. Mastering Internal Controls and Fraud Prevention

Week 12Tuesday, March 26, 2019, 6:00-9:30 p.m.1. Refresher for Part 4 of the national certifica-

tion exam2. Internal Controls review and Q&A

Saturday, March 30, 2019, 8:30 a.m.-1:30 p.m.Part 4 of the national exam in class. Back-of-book Final Exam: Internal Controls. Passing grade: 70%

Signing Up for the Two Exams at PrometricYour CB Prep Course instructor and students receive detailed instructions on how to schedule each exam at a Prometric Test Center near you (there are 300 Prometric Test Centers).A student who fails an exam can schedule a retest for an additional fee.

Support for Your Certified Bookkeeper Prep CourseAIPB’s Educational Support Services Supervisor, Barbara Regotti is devoted to answering your questions and your instructor’s questions—and solving any student’s problem that may arise.

Why Wait? Start fast-tracking your AA students to national certification today. Call 1-800-622-0121 and ask for Barbara. Do it now.

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Contact InformationStanley I. Hartman, Executive Director800-622-0121, Ext. 101

Barbara Regotti, Manager, Educational Support Services800-622-0121, Ext. 109

AIPB Certification Advisory BoardEric Bolin, MAcc, CPA Bolin & AssociatesWayne L. Edmunds, CPA, JD, MLT Virginia Commonwealth UniversityBarton Groh VP of Finance, Infectious Diseases Society of AmericaWade D. Lindenberger, CPA University of California, San DiegoGordon S. May, MBA, PhD, CPA University of Georgia (Retired)Debera J. Salam, CPP Senior Manager, Payroll Consulting Services, Ernst & Young LLPLita G. Schloss Iona College (Retired)

CERTIFIED BOOKKEEPER is a registered certification mark and CB is a certification mark of The American Institute of Professional Bookkeepers, Inc.

Copyright © 2019 by AIPB

AIPB6001 Montrose Road, Suite 500Rockville, MD 20852 Phone: 800-622-0121Fax: 800-541-0066E-mail: info@aipb.orgWeb Site: www.aipb.org