Assets in Accounting

Beginner Level
Approx. 18 hours
Flexible Schedule

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

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

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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.

In this module, you will learn about inventory accounting methods, including cost of goods sold, costing methods, and management techniques.

In this module, you will learn how to work with plant, property, equipment, depreciation of assets, and the implications of equipment leases.

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.