Assets in Accounting 

Welcome to Intuit's Bookkeeping Certification Program

Welcome to Course 2: Accounting for Assets

Course Introduction Video

Instructor Introduction Video

Introduction to Asset Categories

Prepaid Expense

Contra-Asset Accounts

Summary and Wrap

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 Inovices

Accounting for Invoices Using Software

Checking in with Summer and Sophia

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

Welcome Reading Assets in Accounting

Syllabus

Support / Coursera Support

How to Track Prepaid Expenses for Your Business

Categorize These Assets

Reading Quiz

Assets Practice Quiz

Sales Practice Quiz

Promissory Notes Practice Quiz

Accounting Concepts and Measurement Assessment

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

Introduction and Objectives

Raw Materials

Journal Entries

Lesson Summary and Wrap

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

Merchandise Inventory Quiz

Costing Methods Quiz

Inventory Errors Quiz

Inventory Accounting Methods Assessment

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

Introducing Depreciation

Salvage Value

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

PP&E Practice Quiz

Depreciation Quiz

Equipment Lease Quiz

Property and Equipment Assessment

Introduction

Liability Payments

Cash and AR errors

Introduction

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

Assets in Accounting Case Study

Cash, accounts receivable, and cash receipts quiz

PP&E Concepts Quiz

Assets in Accounting Case Study Quiz