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.
This course is part of the Intuit Academy Bookkeeping Professional Certificate
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About this Course
Course 2, Assets in Accounting, or equivalent, is a suggested pre-requisite.
Could your company benefit from training employees on in-demand skills?
Try Coursera for BusinessWhat 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.
Skills you will gain
- Accounts Payable and Payroll
- Owner’s Equity and Owner’s Draw
- Accounting
- Long-Term Liabilities and Note Payable
- Accounting for Liabilities and Equity
Course 2, Assets in Accounting, or equivalent, is a suggested pre-requisite.
Could your company benefit from training employees on in-demand skills?
Try Coursera for BusinessOffered by
Syllabus - What you will learn from this course
Liabilities and Equity in Accounting
Payroll, Obligations, and Loans
Equity and Liabilities
Practice with Liabilities and Equity
Reviews
- 5 stars56.13%
- 4 stars20.98%
- 3 stars10.35%
- 2 stars7.90%
- 1 star4.63%
TOP REVIEWS FROM LIABILITIES AND EQUITY IN ACCOUNTING
I would like to see more case studies to help practice. Overall, the course is very good and builds on the previous courses.
At times it seems like more information is required to complete the Quiz at the end of the sections
Educational, challenging and very helpful with allowing me to underwstand what is expected of a great bookkeeper
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.
About the Intuit Academy Bookkeeping Professional Certificate

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