This module introduces the concept of assets, their classifications, and how they are tracked in bookkeeping. You will explore current and fixed assets, the process for recording assets in financial statements, and how concepts like leasing, debits, credits, and natural account balances affect asset management.

This module explains how bookkeepers record, track, and manage sales transactions—both cash and credit—and how these transactions impact a business’s accounting equation. You will practice applying correct debit and credit entries to maintain balanced financial records and understand how sales affect assets, liabilities, and equity.

This module teaches how to manage promissory notes, calculate interest, and properly record notes receivable, notes payable, doubtful accounts, and uncollectible debts. You will gain practical experience in handling overdue payments, writing off bad debts, and maintaining accurate financial records.

This module explores how bookkeepers track, value, and adjust merchandise inventory to ensure accurate financial reporting. You will examine inventory types, valuation methods, and how proper inventory management impacts the cost of goods sold and the accounting equation.

This module explores how bookkeepers record and report depreciation to reflect the declining value of long-term assets over time. You will understand how depreciation impacts financial statements, the accounting equation, and overall business decision-making.

This module reviews key bookkeeping concepts related to tracking assets and sales, including merchandise inventory, depreciation, and the impact of transactions on financial statements. You will apply your knowledge through practical scenarios to reinforce understanding of how these elements affect a business’s financial position.