Assets in Accounting

This course is part of Intuit Academy Bookkeeping Professional Certificate

Instructor: Intuit Academy Team

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

  •   Financial Accounting
  •   Capital Expenditure
  •   Asset Management
  •   Depreciation
  •   Inventory Control
  •   Property Accounting
  •   Financial Statements
  •   Lease Contracts
  •   Inventory Accounting
  •   Accounting
  •   Bookkeeping
  •   Balance Sheet
  •   Fixed Asset
  •   Accounting Records
  •   Income Statement
  •   Operating Expense

    • There are 4 modules in this course

    By the end of this course, you will be able to: -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. Course 1 Bookkeeper Basics, or the equivalent, is a recommended prerequisite for this course.

    Inventory Accounting Methods

    Property and Equipment

    Applying Accounting Principles and Knowledge

    Explore more from Business Essentials

    Basics of Accounting for Assets

    Liabilities and Equity in Accounting

    The Basics of Accounting for Assets: Long-Term Assets

    Accounting Fundamentals

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