Course Summary
This course covers the basics of bookkeeping, including financial statements, accounting principles, and ledger entries.Key Learning Points
- Understand the principles of bookkeeping and how to apply them to financial statements
- Learn how to create and maintain a chart of accounts and general ledger
- Gain a solid understanding of double-entry accounting
Related Topics for further study
Learning Outcomes
- Understand the basics of bookkeeping principles and how to apply them
- Create and maintain a chart of accounts and general ledger
- Develop a solid understanding of double-entry accounting
Prerequisites or good to have knowledge before taking this course
- No prior knowledge of bookkeeping is required
- Basic computer skills are recommended
Course Difficulty Level
BeginnerCourse Format
- Self-paced
- Online
- Video-based
Similar Courses
- Financial Accounting Fundamentals
- Introduction to Accounting
Related Education Paths
Notable People in This Field
- Dave Ramsey
- Suze Orman
Related Books
Description
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.
Knowledge
- 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.
Outline
- Accounting Concepts and Measurement
- Welcome to Intuit's Bookkeeping Certification Program
- Welcome to Course 1: Bookkeeping Basics
- Meet Your Learning Guide
- Introduction to Accounting
- Our Schedule
- Introduction to the Bookkeeper Role and Learning Objectives
- How Does a Bookkeeper Contribute to Clients' success?
- Commercial Break: Career Readiness Resource
- Commercial Break: Expert Advice
- Lesson Summary and Wrap-Up
- Introduction and Learning Objectives
- The Accounting Principle
- Accounting Equation Summary
- Next on Bookeeper Rescue
- Double Entry Accounting Introduction and Overview
- Double Entry Accounting
- Account Types
- Recapping Journal Entries
- A Pro's Perspective on Debits and Credits
- Welcome Reading Bookkeeping Basics
- Four Key Elements of Bookkeeping Ethics
- Understanding Accounting Terminology
- Welcome Practice Quiz
- Role of a Bookkeeper Practice Quiz
- Accounting Equation Practice Quiz
- Double-Entry Accounting Practice Quiz
- Accounting Concepts and Measurement Assessment
- The Accounting Cycle (Part 1)
- Introduction to Working with the General Journal and General Ledger (Part 1)
- Chart of Accounts
- General Ledger Summary
- Introduction to Working with the General Journal and General Ledger (Part 2)
- Overview of Accounting Software
- Transaction Examples
- Creating a Journal
- Running Reports
- Introducing the Accounting Cycle
- Step 1 - Collect and Analyze Transactions
- Step 2 - Posting Transactions to the General Ledger
- Step 3 - Preparing an Unadjusted Trial Balance
- Step 4 - Preparing Adjusting Entries at the End of a Period
- Step 5: Preparing an Adjusted Trial Balance
- General Ledger Practice Quiz
- Journal Entries Practice Quiz
- Accounting Cycle Practice Quiz
- Accounting Cycle (Part 1) Assessment
- The Accounting Cycle (Part 2)
- Introduction Learning Objectives
- Sales Receipts
- Sales Receipt vs Invoice
- Lou Received a Check - Entering a Bank Deposit
- Entering Deposits
- Lou Writes a Check - Paying a Check to a Vendor
- Lou Gives a Credit
- Processing Transactions with QuickBooks Online Summary
- Intro and Objectives
- Expert Advice: Adjusting Entries
- Creating an Adjusted Trial Balance
- Financial Statements and Closing the Books
- Expert Advice: Closing the Books
- Introduction and Balance Sheet Overview
- QuickBooks Online Demo: The Balance Sheet
- How to Read a Balance Sheet
- Income Statement Overview
- QuickBooks Online Demo: The Profit and Loss Statement
- Expert Advice: Explaining the Income Statement to a Client
- Statement of Equity Overview
- Cash Flow Statement Overview
- How These Statements Work Together
- Wrapping Up with Lou
- Transactions Practice Quiz
- Adjustments Practice Quiz
- Four Core Financial Statements Practice Quiz
- Accounting Cycle (Part 2) Assessment
- Accounting Principles and Practices
- You're Invited to Bianca's Bookkeeping Bootcamp!
- Bootcamp Welcome
- Introduction to Key Assumptions of Accounting and Reporting
- Expert Advice on Key Assumptions
- Job Readiness Commercial
- Introduction to the Periodicity Assumption and Learning Objectives
- Overview of the Periodicity Assumptions and Its Significance
- Overview of the Revenue Recoginition Principle and Example
- Overview of the Matching Principle and Example
- Lesson Summary and Wrap
- Introduction and Objectives
- Cash-Basis Accounting
- Accrual Method of Accounting
- Hybrid Accounting
- Accounting Methods in QuickBooks Online
- Lesson Summary and Wrap
- Bookkeeping Basics Case Study
- Key Assumptions Part 1 Practice Quiz
- Key Assumptions Part 2 Practice Quiz
- Periodicity Assumption Practice Quiz
- Accrual vs Cash-Basis Practice Quiz
- Bookkeeping Basics Case Study Quiz
Summary of User Reviews
The Bookkeeping Basics course on Coursera has received positive reviews overall. Many users found the course to be an excellent introduction to bookkeeping and accounting. One key aspect that users appreciated was the practical and hands-on approach of the course.Pros from User Reviews
- Practical and hands-on approach to learning
- Well-structured course content
- Good pace of instruction
- Engaging and knowledgeable instructors
- Clear explanations of concepts
Cons from User Reviews
- Some users found the course to be too basic
- Limited interaction with instructors
- Not enough real-world examples
- Some technical difficulties with the platform
- Lack of opportunities to practice with real accounting software
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