CB Bookkeeper case studies
CB Bookkeeper · Put your knowledge to work in context.
The Certified Bookkeeper (CB) credential is awarded by the American Institute of Professional Bookkeepers (AIPB), which describes itself as the bookkeeping profession's national association since 1987 and its national certifying authority. The designation is aimed at working bookkeepers, full-charge bookkeepers and accounting staff who want a marketable, verifiable credential and the letters "CB" after their name. Most candidates already handle day-to-day transaction work and want to demonstrate the technical judgment behind it - knowing why an entry is made, not just how to key it. The exam is multiple choice and covers six areas: adjusting entries, correction of accounting errors, payroll, depreciation, inventory, and internal controls and fraud prevention. The CB Bookkeeper case studies are 5 cases and about 3,876 words.
1Year-End Adjusting Entries at Rowan Tileworks
Rowan Tileworks has a 31 December year end. The bookkeeper produced a draft trial balance but posted no adjusting entries.
784 words, about 4 min2The Milling Machine Charged to Repairs at Kestrel Design
Kestrel Design Ltd is preparing its 2023 financial statements, which have not yet been issued. While doing so it finds that a 36,000 milling machine bought and placed in service on 2 January 2023 was debited in full to Repairs and Maintenance.
646 words, about 3 min3Dana the "Consultant" and the Deferred December Payroll
Bluebird Landscaping has four full-time employees and one "consultant", Dana, paid 4,500 a month. Dana works 8:30-4:30 at the shop, uses a company truck and phone, is described on the website as "operations coordinator", and has done the same job for two years.
817 words, about 4 min4Revising Depreciation After an Upgrade at Calder Foods
Calder Foods bought a packaging line on 1 January 2021 for 120,000. It was depreciated straight-line over ten years with an estimated residual value of 12,000.
657 words, about 3 min5Vendor Master File Anomalies at Fenwick Hardware
Fenwick Hardware has 12 staff. The bookkeeper, Priya, opens the mail, lists cheques received, prepares the bank deposit, maintains the vendor master file, prepares every cheque and performs the monthly bank reconciliation.
972 words, about 5 min