Intuit Academy Bookkeeping

Module 1: Bookkeeping Basics

• 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.

Module 2: Assets in Accounting

• 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.

Module 3: Liabilities and Equity in Accounting

• 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.

Module 4: Financial Statement Analysis

• Describe and illustrate the use of a bank reconciliation in controlling cash.
• Outline the purpose of financial statements in relationship to decision making.
• Describe basic financial statement analytical methods.
• Apply quantitative skills to analyze business health.