Liabilities and Equity in Accounting
Instructor: Intuit Academy Team
Beginner Level • 5 hours to complete • Flexible Schedule
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
Bookkeeping
Loans
Accounting
Payroll Administration
Tax Compliance
Balance Sheet
General Ledger
Accounts Payable
Payroll Processing
Payroll Tax
General Accounting
Mortgage Loans
Equities
Sales Tax
Financial Accounting
Payroll
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 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.
In this module, you will gain an understanding and apply knowledge of accounting for sales tax and payroll liabilities.
In this module, you will learn how to work with different types of long term liabilities and shareholders equity.
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.