In this third course, you will learn about liability and equity accounts and its effect on the balance sheet. If you have mastered bookkeeping basics and understand accounting assets, you are ready to jump into Liabilities and Equity in Accounting. You will explore the various types of liability, including: current and long term, payroll, and sales tax. Additionally, you will learn about the equity portion of the accounting equation and how to account for changes in owner’s equity.
Liabilities and Equity in Accounting
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Liabilities and Equity in Accounting
This course is part of Intuit Academy Bookkeeping Professional Certificate
Instructor: Intuit Academy Team
36,302 already enrolled
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Gain insight into a topic and learn the fundamentals.
4.3
(680 reviews)
Beginner level
Recommended experience
Flexible schedule
Approx. 13 hours
Learn at your own pace
87%
Most learners liked this course
What you'll learn
Describe the three main characteristics of liabilities.
Demonstrate an understanding of the basic payroll accounting functions and tasks.
Compare and contrast the different types of equity.
Use the accounting equation to describe the financial position of an organization.
Skills you'll gain
Details to know
Shareable certificate
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Assessments
16 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 will be introduced to different liabilities and learn how to account for them. Additionally, you will learn how to work with the sales tax payable accounts.
What's included
21 videos2 readings3 assignments4 discussion prompts4 plugins
In this module, you will gain an understanding and apply knowledge of accounting for sales tax and payroll liabilities.
What's included
27 videos5 assignments1 discussion prompt14 plugins
In this module, you will learn how to work with different types of long term liabilities and shareholders equity.
What's included
18 videos4 assignments4 discussion prompts5 plugins
In this final module for Course 3, you will apply your bookkeeping knowledge by working through common accounting scenarios that deal with liabilities, payroll, and equity.
What's included
18 videos2 readings4 assignments3 discussion prompts9 plugins
Instructor
Instructor ratings
4.3 (202 ratings)Offered by
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Tally Education and Distribution Services Private Limited
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University of Illinois Urbana-Champaign
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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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