Tracking Assets and Sales Course Syllabus

Overview: This course provides a comprehensive introduction to asset accounting, inventory management, and sales transaction recording for bookkeepers with foundational knowledge. Designed by Intuit, it covers essential skills such as asset classification, depreciation, inventory valuation, and accurate sales recording. Through hands-on projects and practical examples, learners will gain confidence in tracking and reporting business assets and sales. With approximately 11 hours of self-paced learning, this course is ideal for those seeking to strengthen their accounting fundamentals and earn a shareable certificate.

Module 1: Introduction to Assets in Accounting

Estimated time: 2 hours

• Definition and classification of assets
• Current vs. non-current assets
• Role of assets in business operations
• Recording assets in financial statements

Module 2: Asset Valuation & Measurement

Estimated time: 3 hours

• Depreciation methods for fixed assets
• Amortization of intangible assets
• Inventory valuation techniques (FIFO, LIFO, weighted average)
• Asset impairment and write-downs

Module 3: Asset Transactions & Reporting

Estimated time: 2.5 hours

• Acquisition and disposal of assets
• Capital expenditures vs. operational expenses
• Impact of asset transactions on financial statements
• Maintaining accurate asset records

Module 4: Sales Transaction Recording

Estimated time: 2 hours

• Documenting sales revenue accurately
• Matching sales with cost of goods sold
• Handling returns and allowances
• Integration of sales data with asset and inventory records

Module 5: Inventory Valuation and Management

Estimated time: 1.5 hours

• Tracking inventory levels and flows
• Valuing inventory for financial reporting
• Best practices in inventory management

Module 6: Final Project

Estimated time: 2 hours

• Analyze a company’s asset structure
• Evaluate financial performance using asset turnover and efficiency ratios
• Prepare a report applying valuation and transaction recording principles

Prerequisites

• Fundamental understanding of bookkeeping
• Basic knowledge of financial statements
• Familiarity with accounting terminology

What You'll Be Able to Do After

• Classify and track different types of business assets
• Apply depreciation and amortization methods correctly
• Record sales transactions accurately in accounting systems
• Manage inventory using proper valuation techniques
• Generate and interpret asset-related financial reports