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Learner Reviews & Feedback for Liabilities and Equity in Accounting by Intuit

4.3
stars
563 ratings

About the Course

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. 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....

Top reviews

LL

Sep 3, 2022

It was my favorite course however, the wording on the exams could be a bit confusing at times and the final assessment was a bit difficult for some reason.

Thank you.

AB

Sep 16, 2022

As a hands on learner I really appreciate the practice that is provided through case studies and quick quizzes to test our knowledge as we progress through the course.

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101 - 125 of 166 Reviews for Liabilities and Equity in Accounting

By Michele F

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Oct 31, 2022

Overall, the course is very informative and the third and fourth weeks are good recaps of previously learned material. There are some issues with this course (just like the previous ones) where sometimes the math is incorrect which can cause confusion. I do wish there was more actual practice of entering information into the journal, general ledger etc. before actually getting to the case study. I think it would be helpful in solidifying the information that is being presented to have more hands on practice. Even if the practice wasn't a requirement of the course, but a link to practice sheets (with answers) or something like that. The professional bookkeepers (experts) offer great advice and detail regarding situations that may occur, but it is often difficult to envision what they are talking about without actually doing it yourself.

By Jacqueline L

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Apr 7, 2022

The contents of the course were good. The instructor/cartoon was a little irritating - tone of disrespect toward clients and superiority wasn't appreciated. The XLS exercises were helpful but frustrating bc you can't tell where you are going off track. Lots of information. Good overview. Using a trial version of accounting software as a compliment to the manual processes might be helpful for comparison.

By Jennifer L

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Jan 16, 2024

It was a good course overall, however, this was the most challenging for me, as I felt there was not support available (not sure if there is) if a question arose. Most of my questions were self-answered. I wish there was someone you could reach out to for clarification. But I understand that this is the structure of these courses. Never the less, I enjoyed and learned a lot.

By Gregory K S

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Aug 5, 2022

There were a couple of techincal glithes with the exercises. Also, there could have been more thorough preparations for the final exams. I would be beneficial to do a practice worksheet with a tutorial walkthrough before taking the final exam. Also, it would be great to have a final version of the exam excel worksheet after passing the exam to review correct entries.

By Daphne T

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Jan 22, 2024

This is a very informative course. I learned a lot about liabilities and equity and how it affects the various financial statements and how to book the journal entries. I really appreciate the worksheets at the end of the course and wish they provided more of these types of on-hand practice with the concepts through out the course and not just at the end.

By Teresa A K

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Sep 9, 2023

It is nice getting these scenarios but, I wish it had more hands-on activities. Just moving boxes with amounts around it not enough. The only time you really do a ledger or anything was to complete the test at the end. There should be more of that throughout the course to help at the end.

By Sara B A

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Feb 15, 2022

The information covered is valuable. The end of the course has a lot of work with spreadsheets like a school final exam. You open them and they are a blur of information. In today's world, you'll be using Quickbooks and not penciling in odd bits.

By Caroline B

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Aug 18, 2023

Fantastic course, lots of information but skims over important aspects that are then a major part of the assessment at the end. I didn't feel comfortable with payroll (expenses vs liabilities) and feel this let down an otherwise great course.

By Brenda W

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Sep 16, 2022

Great inofrmation, just need more instruction with manually filling out the spreadsheet ledgers. When you have always used computers to run the reports for General ledgers, journals, trail balance, etc. It is dificult to do by hand.

By Kimberlie V P

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Aug 21, 2022

This course had issues that once you marked a section complete it would uncheck as you advance to the next section and you would have to go back and remark as complete in order to show it completed. Very annoying.

By Veronica R

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Feb 18, 2022

Overall this was a good course. My issue was the case study wasn't in balance to start with so my impossible to see if I needed t correct something or it was from an error from last period.

By Leigh S

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Oct 22, 2022

After the final exam it would be nice to be provided the correct worksheet/spreadsheet so that I could compare to the one I completed and see where I made my mistakes.

By Carol S

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Dec 10, 2021

Payroll section is not useful unless you are American. Rules are different for other countries. Other sections are straightforward but it does cover topics quickly.

By carmz d c

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Jul 29, 2022

Though some of the exercises frustate me as it wasn't working, overall the course is still a great help in refreshing my accounting knowledge plus I learned QBO.

By Jeannine D

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Jun 4, 2022

There seems to be some missing information for the Case Study. The beginning cash account balance appears to be off, or there is a transaction missing.

By AnaLydia R R

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Apr 27, 2022

A lot of great information and some practice but there really needs to be more practice and specifically more practice with quickbooks

By Tracy A L

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Jul 23, 2022

Not mush explaining as to how the money was off in the trial balance. but working backwards and a bit of time I did figure it out.

By Nita N

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Oct 6, 2022

I would like to see more case studies to help practice. Overall, the course is very good and builds on the previous courses.

By Jing Y

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Mar 9, 2023

the knowledge and practices are not as many as those in assets. And FICA is only applicable to US tax

By Maggie F

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Feb 2, 2022

At times it seems like more information is required to complete the Quiz at the end of the sections

By Justin S

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Jun 26, 2023

Good overview of basic bookkeeping. The dual entry is tedious but necessary.

By Franklin E F

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Oct 31, 2022

More Exposure to actual QuickBooks Software practice will be great !!!

By TERESA L

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Oct 21, 2023

Stop doing trick questions in the exams. Be practical and honest

By Xinyu L

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Jan 27, 2024

Need answer for the questions related to the amortization table

By Bruce K

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Sep 30, 2021

Quiz a little unclear to do online without answer to questions.