Assets in Accounting
Instructor: Intuit Academy Team
Beginner Level • Approx. 18 hours • Flexible Schedule
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
Shareable Certificate
Earn a shareable certificate to add to your LinkedIn profile
Outcomes
- Learn new concepts from industry experts
- Gain a foundational understanding of a subject or tool
- Develop job-relevant skills with hands-on projects
- Earn a shareable career certificate from Intuit
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.