![]() Overall this course is needlessly tedious, provides extremely little actual education for the time you need to put in and will often leave you wondering why you're being educated in double-entry bookkeeping by people who clearly do not care about doublechecking their own work. There are many interactive activities that are genuinely broken, there are many times you will be quizzed but receive no feedback about what you could do better, and there are many errors riddled throughout the course that will make some assignments/tests impossible if you actually try to follow the instructions as intended. The accounting for digital assets that rely on blockchain technology requires judgment based on the facts and circumstances. The videos have very little educational content but run on endlessly, somehow managing to say the same thing over and over again without making anything clearer. It spends an absurd amount of time advertising Quickbooks as software meant to automate a lot of the tedious processes of bookkeeping, but the tests are designed around using extremely poorly formatted prefabbed excel spreadsheets that look like they're purposefully designed to manufacture eye strain. It's very clearly slapped together from a lot of advertising and training material that they already had lying around. Every individual part of this is poorly made. ![]() Illustrate how transactions can be recorded in terms of the resulting change in the elements of the accounting equation.Ĭourse 1 Bookkeeper Basics, or the equivalent, is a recommended prerequisite for this course. ![]() Outline how depreciation expense is reported on an income statement Describe the importance of control over inventory Summarize the common types of assets a business may have Upon completing this course, you will use your new knowledge of assets to record transactions and produce financial statements for increasingly complex business situations.īy the end of this course, you will be able to: 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). ![]() If you are familiar with bookkeeping basics, such as double entry accounting, you are ready for this course. In this second course, you will dive deeper into the world of bookkeeping and focus on accounting for assets. ![]()
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