In this second course, you will dive deeper into the world of bookkeeping and focus on accounting for assets. If you are familiar with bookkeeping basics, such as double entry accounting, you are ready for this course. You will gain an understanding of common asset types, learn how to account for inventory, calculate cost of goods sold, and work with Property, Plant, and Equipment (PP&E). Upon completing this course, you will use your new knowledge of assets to record transactions and produce financial statements for increasingly complex business situations.
By the end of this course, you will be able to:
-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.
WHAT YOU WILL LEARN
Coursera
Dive deeper into bookkeeping with our 'Assets in Accounting' course. Perfect for those familiar with basic principles like double-entry accounting, this course will enhance your understanding of assets, from inventory management to Property, Plant, and Equipment (PP&E). Learn how to accurately account for these critical business resources.
Coursera
Dive into the world of accounting with our Liabilities and Equity course. Gain a deep understanding of liability and equity accounts, their impact on the balance sheet, and how to effectively manage them for accurate financial reporting. Perfect for those who have grasped bookkeeping basics and are ready to advance their knowledge.
Coursera
Dive into the world of Financial Statement Analysis with our expert-led course. Perfect for those who have a grasp on accounting basics, this course will teach you how to accurately interpret and utilize financial data to drive business success. From understanding key financial statements to applying analytical methods, you'll gain the skills needed to make informed decisions.