Bookkeeping Basics

This course is part of Intuit Academy Bookkeeping Professional Certificate

Instructor: Intuit Academy Team

What you'll learn

Define accounting and the concepts of accounting measurement.
Explain the role of a bookkeeper and common bookkeeping tasks and responsibilities.
Summarize the double entry accounting method.
Explain the ethical and social responsibilities of bookkeepers in ensuring the integrity of financial information.

Skills you'll gain

Details to know

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Assessments

18 assignments

Taught in English

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This course is part of the Intuit Academy Bookkeeping Professional Certificate

When you enroll in this course, you'll also be enrolled in this Professional Certificate.

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There are 4 modules in this course

This is the first course in a series of four that will give you the skills needed to start your career in bookkeeping. If you have a passion for helping clients solve problems, this course is for you. In this course, you will be introduced to the role of a bookkeeper and learn what bookkeeping professionals do every day. You will dive into the accounting concepts and terms that will provide the foundation for the next three courses. You will learn how to work your way through the accounting cycle and be able to read and produce key financial statements.

By the end of this course, you will be able to: -Define accounting and the concepts of accounting measurement -Explain the role of a bookkeeper and common bookkeeping tasks and responsibilities -Summarize the double entry accounting method -Explain the ethical and social responsibilities of bookkeepers in ensuring the integrity of financial information. No previous bookkeeping or accounting experience required.

In this module, you'll be introduced to the role of a bookkeeper and gain an understanding of how to use the accounting equation and double-entry accounting.

What's included

19 videos3 readings5 assignments6 discussion prompts5 plugins

19 videosTotal 28 minutes

Welcome to Intuit's Bookkeeping Certification Program0 minutesPreview module
Welcome to Course 1: Bookkeeping Basics2 minutes
Meet Your Learning Guide1 minute
Introduction to Accounting1 minute
Our Schedule0 minutes
Introduction to the Bookkeeper Role and Learning Objectives2 minutes
How Does a Bookkeeper Contribute to Clients' success?2 minutes
Commercial Break: Career Readiness Resource0 minutes
Commercial Break: Expert Advice2 minutes
Lesson Summary and Wrap-Up0 minutes
Introduction and Learning Objectives1 minute
The Accounting Principle2 minutes
Accounting Equation Summary0 minutes
Next on Bookkeeper Rescue0 minutes
Double Entry Accounting Introduction and Overview1 minute
Double Entry Accounting0 minutes
Account Types1 minute
Recapping Journal Entries0 minutes
A Pro's Perspective on Debits and Credits2 minutes

3 readingsTotal 15 minutes

Welcome Reading Bookkeeping Basics5 minutes
Four Key Elements of Bookkeeping Ethics5 minutes
Understanding Accounting Terminology5 minutes

5 assignmentsTotal 70 minutes

Accounting Concepts and Measurement Assessment40 minutes
Welcome Practice Quiz2 minutes
Role of a Bookkeeper Practice Quiz6 minutes
Accounting Equation Practice Quiz8 minutes
Double-Entry Accounting Practice Quiz14 minutes

6 discussion promptsTotal 50 minutes

Meet and Greet5 minutes
Reflect on Your Goals5 minutes
Research Activity: Types of Businesses You Could Work For20 minutes
Reflection: How would you respond?10 minutes
Role of Bookkeeper Discussion5 minutes
End of The Accounting Equation Discussion5 minutes

5 pluginsTotal 48 minutes

Professional Certificate Entry Survey 15 minutes
Lou's Dilemma: Ethical and Social Responsibilities of a Bookkeeper15 minutes
The Accounting Equation5 minutes
You Try It: The Accounting Equation in Action10 minutes
You Try It: Use a T-Chart3 minutes

In this module, you will learn about the accounting cycle and how bookkeepers use the general journal and general ledger to record and keep track of business transactions.

What's included

14 videos4 assignments3 discussion prompts8 plugins

14 videosTotal 36 minutes

Introduction to Working with the General Journal and General Ledger (Part 1)1 minutePreview module
Chart of Accounts3 minutes
General Ledger Summary0 minutes
Introduction to Working with the General Journal and General Ledger (Part 2)0 minutes
Overview of Accounting Software0 minutes
Transaction Examples1 minute
Creating a Journal4 minutes
Running Reports0 minutes
Introducing the Accounting Cycle5 minutes
Step 1 - Collect and Analyze Transactions2 minutes
Step 2 - Posting Transactions to the General Ledger1 minute
Step 3 - Preparing an Unadjusted Trial Balance3 minutes
Step 4 - Preparing Adjusting Entries at the End of a Period2 minutes
Step 5: Preparing an Adjusted Trial Balance5 minutes

4 assignmentsTotal 66 minutes

Accounting Cycle (Part 1) Assessment40 minutes
General Ledger Practice Quiz10 minutes
Journal Entries Practice Quiz10 minutes
Accounting Cycle Practice Quiz6 minutes

3 discussion promptsTotal 15 minutes

Details, Details, Details5 minutes
Reflecting on the General Ledger5 minutes
Accounting Cycle5 minutes

8 pluginsTotal 110 minutes

You Try It: Posting to the General Ledger15 minutes
You Try It: Calculate Account Balance15 minutes
You Try It: Review a Chart of Accounts5 minutes
You Try It: Create a Journal Entry15 minutes
You Try It: Analyzing Transactions15 minutes
You Try It: Create an Unadjusted Trial Balance15 minutes
Step 6: Preparing Financial Statements15 minutes
You Try It: Match The Accounting Cycle15 minutes

In this module, you will learn how bookkeepers using accounting software to record transactions. You will also further your understanding of the accounting cycle by learning how to create trail balances and produce financial statemnets.

What's included

22 videos4 assignments2 discussion prompts11 plugins

22 videosTotal 45 minutes

Introduction Learning Objectives0 minutesPreview module
Sales Receipts2 minutes
Sales Receipt vs Invoice2 minutes
Lou Received a Check - Entering a Bank Deposit2 minutes
Lou Writes a Check - Paying a Check to a Vendor2 minutes
Lou Gives a Credit3 minutes
Processing Transactions with QuickBooks Online Summary0 minutes
Intro and Objectives1 minute
Expert Advice: Adjusting Entries0 minutes
Creating an Adjusted Trial Balance1 minute
Financial Statements and Closing the Books0 minutes
Expert Advice: Closing the Books5 minutes
Introduction and Balance Sheet Overview1 minute
QuickBooks Online Demo: The Balance Sheet2 minutes
How to Read a Balance Sheet7 minutes
Income Statement Overview0 minutes
QuickBooks Online Demo: The Profit and Loss Statement2 minutes
Expert Advice: Explaining the Income Statement to a Client1 minute
Statement of Equity Overview1 minute
Cash Flow Statement Overview2 minutes
How These Statements Work Together0 minutes
Wrapping Up with Lou0 minutes

4 assignmentsTotal 62 minutes

Accounting Cycle (Part 2) Assessment40 minutes
Transactions Practice Quiz6 minutes
Adjustments Practice Quiz6 minutes
Four Core Financial Statements Practice Quiz10 minutes

2 discussion promptsTotal 10 minutes

What would you say to Lou?5 minutes
Reflect on Your Learning5 minutes

11 pluginsTotal 165 minutes

Sales Receipt Practice15 minutes
Entering Deposits Simulation15 minutes
Vendor Checks Simulation15 minutes
Credit Memo Simulation15 minutes
Preparing Adjusting Entries15 minutes
You Try It: Create an Adjusted Trial Balance15 minutes
Create Lou's Balance Sheet15 minutes
How to Use an Income Statement15 minutes
You Try It: Read the Income Statement15 minutes
You Try It: Fill in the Statement of Equity15 minutes
You Try It: Analyze the Statement of Cash Flow15 minutes

In this final module for Course 1, you will gain an understanding of key accounting assumptions and principles and learn about the different types of accounting methods bookkeepers use.

What's included

16 videos2 readings5 assignments4 discussion prompts2 plugins

16 videosTotal 47 minutes

You're Invited to Bianca's Bookkeeping Bootcamp!0 minutesPreview module
Bootcamp Welcome0 minutes
Introduction to Key Assumptions of Accounting and Reporting0 minutes
Expert Advice on Key Assumptions1 minute
Job Readiness Commercial0 minutes
Introduction to the Periodicity Assumption and Learning Objectives0 minutes
Overview of the Periodicity Assumptions and Its Significance3 minutes
Overview of the Revenue Recognition Principle and Example8 minutes
Overview of the Matching Principle and Example11 minutes
Lesson Summary and Wrap0 minutes
Introduction and Objectives0 minutes
Cash-Basis Accounting5 minutes
Accrual Method of Accounting3 minutes
Hybrid Accounting5 minutes
Accounting Methods in QuickBooks Online3 minutes
Lesson Summary and Wrap0 minutes

2 readingsTotal 70 minutes

Bookkeeping Basics Case Study60 minutes
Take the Intuit Academy Bookkeeping exam10 minutes

5 assignmentsTotal 69 minutes

Bookkeeping Basics Case Study Quiz30 minutes
Key Assumptions Part 1 Practice Quiz8 minutes
Key Assumptions Part 2 Practice Quiz10 minutes
Periodicity Assumption Practice Quiz15 minutes
Accrual vs Cash-Basis Practice Quiz6 minutes

4 discussion promptsTotal 45 minutes

Discussing Key Assumptions5 minutes
Key Assumptions Discussion10 minutes
Reflect on the Periodicity Assumption20 minutes
Reflect on Accounting Methods10 minutes

2 pluginsTotal 30 minutes

Key Assumptions of Financial Accounting and Reporting (Part 1)15 minutes
More Key Assumptions15 minutes

Instructor

Instructor ratings

4.6 (2,014 ratings)

Intuit Academy Team

Intuit

4 Courses259,267 learners

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Intuit

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Reviewed on Dec 8, 2021

Some language is not clear and some details regarding debits and credits were not covered thoroughly enough for me, a beginner. Otherwise it's a good coure presented in a very user friendly way!

Reviewed on May 29, 2022

I got stuck at the end. When adding all of the debits I had to choose the multiple choice that was closest rounding down. all of my ither answers were correct based off of my journal entry.

Reviewed on Nov 19, 2022

Really covered all of the important terminology and basics related to bookkeeping. I feel as though I will be ready to step into a bookkeeping role if the other courses are as informative.

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