In this second course, you will dive deeper into the world of bookkeeping and focus on accounting for assets. If you are familiar with bookkeeping basics, such as double entry accounting, you are ready for this course. You will gain an understanding of common asset types, learn how to account for inventory, calculate cost of goods sold, and work with Property, Plant, and Equipment (PP&E). Upon completing this course, you will use your new knowledge of assets to record transactions and produce financial statements for increasingly complex business situations.
Assets in Accounting
Assets in Accounting
This course is part of Intuit Academy Bookkeeping Professional Certificate
Instructor: Intuit Academy Team
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Gain insight into a topic and learn the fundamentals.
4.4
(1,146 reviews)
Beginner level
Recommended experience
Flexible schedule
Approx. 18 hours
Learn at your own pace
83%
Most learners liked this course
What you'll learn
Summarize the common types of assets a business may have.
Describe the importance of control over inventory.
Outline how depreciation expense is reported on an income statement.
Illustrate how transactions can be recorded in terms of the resulting change in the elements of the accounting equation.
Skills you'll gain
Details to know
Shareable certificate
Add to your LinkedIn profile
Assessments
17 assignments
Taught in English
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This course is part of the Intuit Academy Bookkeeping Professional Certificate
When you enroll in this course, you'll also be enrolled in this Professional Certificate.
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There are 4 modules in this course
In this module, you'll begin to work with assets and understand how to account for sales, notes receivable, and uncollectible accounts.
What's included
25 videos4 readings6 assignments4 discussion prompts8 plugins
In this module, you will learn about inventory accounting methods, including cost of goods sold, costing methods, and management techniques.
What's included
21 videos4 assignments4 discussion prompts4 plugins
In this module, you will learn how to work with plant, property, equipment, depreciation of assets, and the implications of equipment leases.
What's included
15 videos4 assignments2 discussion prompts10 plugins
In this module, you will apply your knowledge of accounting principles to identify how various transactions and assets impact the balance sheet and income statement.
What's included
11 videos2 readings3 assignments2 discussion prompts9 plugins
Instructor
Instructor ratings
4.5 (357 ratings)Offered by
Recommended if you're interested in Business Essentials
Tally Education and Distribution Services Private Limited
University of Illinois Urbana-Champaign
University of Pennsylvania
University of California, Irvine
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4.4
1,146 reviews
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Showing 3 of 1146
LC
5
Reviewed on Oct 19, 2021
Overall great course. Still unclear about some things and there is no way to clarify. That would make it better. But besides that this course is well done.
CH
4
Reviewed on Dec 2, 2022
It was very informational but difficult at times to understand some of the concepts in the videos because she talks too fast. But I learned alot throughout this course.
MP
5
Reviewed on Aug 21, 2023
I had to really think things through, but enjoyed the challenge. You will leave with a strong understanding of Journal Entires and Financial Statements.
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Frequently asked questions
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
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