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Assets in Accounting
  • Level Foundation
  • المدة 19 ساعات hours
  • الطبع بواسطة Intuit
  • Offered by

عن

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. 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.

الوحدات

Introducing Adventures in Asset Accounting

    • 4 Videos
    • 3 Readings
    • 1 Discussion
Show info about module content

1 Discussions

  • Meet and Greet

4 Videos

  • Welcome to Intuit Academy's Bookkeeping Program
  • Welcome to Course 2: Accounting for Assets
  • Course Introduction Video
  • Instructor Introduction Video

3 Readings

  • Welcome Reading Assets in Accounting
  • Syllabus
  • Support / Coursera Support

Assets Overview

    • 4 Videos
    • 1 Readings
    • 1 Discussion
    • 2 Plugin
    • 3 Assignment
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3 Assignment

  • Categorize These Assets
  • Reading Quiz
  • Assets Practice Quiz

1 Discussions

  • Your Learning Preferences

4 Videos

  • Introduction to Asset Categories
  • Prepaid Expense
  • Contra-Asset Accounts
  • Summary and Wrap

1 Readings

  • How to Track Prepaid Expenses for Your Business

Accounting for Sales: Accounts Receivable and Cash Receipts

    • 10 Videos
    • 1 Discussion
    • 4 Plugin
    • 1 Assignment
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1 Assignment

  • Sales Practice Quiz

1 Discussions

  • Point of Sales

10 Videos

  • Introduction to Accounting for Sales
  • Sales Types
  • Recording Cash Sales
  • Expert Advice on Posting Cash Sales
  • Recording a Sales Receipt Introduction
  • Recording a Sales Receipt
  • Timing Sales Receipt Posts
  • Introduction to Invoices
  • Accounting for Invoices Using Software
  • Checking in with Summer and Sophia

Other Notes Receivable and Uncollectible Accounts

    • 7 Videos
    • 1 Discussion
    • 2 Plugin
    • 2 Assignment
Show info about module content

2 Assignment

  • Promissory Notes Practice Quiz
  • Accounting Concepts and Measurement Assessment

1 Discussions

  • Reflect on your learning

7 Videos

  • Introduction to Promissory Notes
  • Promissory Notes
  • Overview of Notes Receiveable
  • Journal Entries for Notes Receivable
  • Overview of Uncollectible Accounts
  • Bad Debt Overview and Write Off Methods
  • Lesson Summary and Wrap

Merchandise Inventory

    • 9 Videos
    • 2 Discussion
    • 1 Assignment
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1 Assignment

  • Merchandise Inventory Quiz

2 Discussions

  • New Discussion Prompt
  • Reflect

9 Videos

  • Welcome to Course 2: Accounting for Assets
  • Introduction and Learning Objectives
  • Merchandise Inventory
  • The Cost of Goods Sold
  • Inventory Systems
  • Perpetual Inventory Example
  • Inventory Cost Flows
  • First In, First Out
  • Lesson Summary and Wrap Up

Inventory Costing Methods

    • 4 Videos
    • 1 Discussion
    • 3 Plugin
    • 1 Assignment
Show info about module content

1 Assignment

  • Costing Methods Quiz

1 Discussions

  • Reflect on what you've learned

4 Videos

  • Introduction and Objectives
  • Raw Materials
  • Journal Entries
  • Lesson Summary and Wrap

Inventory Management and the Impact of Errors

    • 8 Videos
    • 1 Discussion
    • 1 Plugin
    • 2 Assignment
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2 Assignment

  • Inventory Errors Quiz
  • Inventory Accounting Methods Assessment

1 Discussions

  • New Discussion Prompt

8 Videos

  • Introduction and Learning Objectives
  • Inventory Errors
  • Errors and the Income Statement
  • Errors and the Balance Sheet
  • Inventory Errors Example
  • Fixing Inventory Errors
  • Including Disclosures
  • Lesson Summary and Wrap

Plant, Property, and Equipment (PP&E)

    • 6 Videos
    • 1 Discussion
    • 3 Plugin
    • 1 Assignment
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1 Assignment

  • PP&E Practice Quiz

1 Discussions

  • Reflect on Your Learning

6 Videos

  • Introduction and Objectives
  • Current and Noncurrent Assets Introduction
  • Impact of Booking Assets as Expenses
  • Setting Up a Fixed Asset Account in QuickBooks
  • Original Cost Implications
  • Lesson Summary and Wrap

Depreciation

    • 2 Videos
    • 5 Plugin
    • 1 Assignment
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1 Assignment

  • Depreciation Quiz

2 Videos

  • Introducing Depreciation
  • Salvage Value

Equipment Leases and Accounting Implications

    • 7 Videos
    • 1 Discussion
    • 2 Plugin
    • 2 Assignment
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2 Assignment

  • Equipment Lease Quiz
  • Property and Equipment Assessment

1 Discussions

  • Reflect on Your Learning

7 Videos

  • Introduction and Learning Objectives
  • Equipment Leases
  • Difference Between a Finance and Operating Lease
  • Journal Entry Set Up
  • Entering a Capital Lease in QuickBooks
  • Lesson Summary and Wrap Up
  • Job Readiness Commercial

Cash, Accounts Receivable, and Cash Receipts

    • 3 Videos
    • 1 Discussion
    • 3 Plugin
    • 1 Assignment
Show info about module content

1 Assignment

  • Cash, accounts receivable, and cash receipts quiz

1 Discussions

  • Reflect

3 Videos

  • Introduction
  • Liability Payments
  • Cash and AR errors

Inventory Management

    • 1 Videos
    • 4 Plugin
Show info about module content

1 Videos

  • Introduction

PP&E Concepts Application

    • 7 Videos
    • 2 Readings
    • 1 Discussion
    • 2 Plugin
    • 2 Assignment
Show info about module content

2 Assignment

  • PP&E Concepts Quiz
  • Assets in Accounting Case Study Quiz

1 Discussions

  • New Discussion Prompt

7 Videos

  • Introduction and Objectives
  • Meet the Business Owner
  • Introduction to Accounting for PP&E Life Cycle
  • Accounting for PP&E Life Cycle Purchases Demo
  • Accounting for PP&E Disposition Demo
  • Accounting for Leased Equipment Demo
  • Lesson Summary and Wrap

2 Readings

  • Assets in Accounting Case Study
  • Take the Intuit Academy Bookkeeping exam

Auto Summary

Looking to deepen your understanding of bookkeeping? "Assets in Accounting" offers a comprehensive exploration into managing and accounting for various asset types within the business domain. Designed for those already familiar with basic bookkeeping principles such as double-entry accounting, this course delves into more intricate aspects of asset management. Guided by Coursera, you'll learn to account for inventory, calculate the cost of goods sold, and handle Property, Plant, and Equipment (PP&E). By the course's end, you'll be adept at recording complex transactions and producing detailed financial statements. Key takeaways include: - Identifying common business assets - Understanding inventory control and its significance - Reporting depreciation expenses on income statements - Recording transactions and their impact on the accounting equation This foundational course spans approximately 1140 minutes and offers flexible subscription options, including Starter and Professional plans. Ideal for those looking to expand their bookkeeping knowledge, it is recommended to complete "Bookkeeper Basics" or have equivalent experience before enrolling. Whether you're a budding bookkeeper or a business manager, this course is tailored to elevate your accounting skills.

Intuit Academy Team
Instructor

Intuit Academy Team