CourseBusiness
Basics of Accounting for Assets
By External Provider
About this course
This course provides a comprehensive understanding of key accounting principles related to assets. It covers topics such as revenue recognition, bad debt expense, and various inventory methods including FIFO, LIFO, and average cost. The course is designed to help learners comprehend how these concepts impact financial statements and the importance of matching costs with sales. This short course is part of the previous Master Track Certificate in Business Essentials. You may also be interested in a related short course from this program, "The Basics of Accounting for Assets: Long-Term Assets."
What you will learn
- Revenue recognition
- How bad debt expense and the allowance for doubtful accounts impact financial statements
- Differentiate between FIFO, LIFO, and average cost inventory methods