Liabilities and Equity in Accounting (Coursera)

Offered by Intuit,
Liabilities and Equity in Accounting (Coursera)

In this third course, you will learn about liability and equity accounts and its effect on the balance sheet. If you have mastered bookkeeping basics and understand accounting assets, you are ready to jump into Liabilities and Equity in Accounting. You will explore the various types of liability, including: current and long term, payroll, and sales tax. Additionally, you will learn about the equity portion of the accounting equation and how to account for changes in owner’s equity.

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By the end of this course, you will be able to:
-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.
Courses 1 and 2 in the Intuit Bookkeeping Professional Certificate, or the equivalent, are recommended prerequisites for this course.
Course 3 of 4 in the Intuit Bookkeeping Professional Certificate.
What You Will 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.

Syllabus

WEEK 1
Liabilities and Equity in Accounting
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.

WEEK 2
Payroll, Obligations, and Loans
In this module, you will gain an understanding and apply knowledge of accounting for sales tax and payroll liabilities.

WEEK 3
Equity and Liabilities
In this module, you will learn how to work with different types of long term liabilities and shareholders equity.

WEEK 4
Practice with Liabilities and 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.

Go to Class
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