This course is part of the Intuit Academy Bookkeeping Professional Certificate

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Intuit Academy Team

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Intuit Academy Bookkeeping Professional CertificateIntuit

About this Course

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In the final course of this certificate, you will apply your skills towards financial statement analysis. If you have the foundational concepts of accounting under your belt, you are ready to put them into action in this course. Here, you will learn how to reconcile different types of accounts, check for accuracy, and troubleshoot errors.  Additionally, you will practice how to apply different analytical methods to key financial statements and understand how these methods inform a variety of business decisions.
By the end of this course, you will be able to:
-Describe and illustrate the use of a bank reconciliation in controlling cash
-Outline the purpose of financial statements in relationship to decision making
-Describe basic financial statement analytical methods
-Apply quantitative skills to analyze business health

Courses 1-3 in the Intuit Bookkeeping Professional Certificate, or the equivalent, are recommended prerequisites for this course.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 4 of 4 in the

Intuit Academy Bookkeeping Professional Certificate

Beginner Level

Course 3, Liabilities and Equity in Accounting along with earlier courses in the Professional Certificate are recommended pre-requisites.

Approx. 18 hours to complete

English

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What you will learn

Describe and illustrate the use of a bank reconciliation in controlling cash.
Outline the purpose of financial statements in relationship to decision making.
Describe basic financial statement analytical methods.
Apply quantitative skills to analyze business health.

Skills you will gain

Cash Flow
Bank Reconciliation
Financial reports analysis
financial statement analysis

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 4 of 4 in the

Intuit Academy Bookkeeping Professional Certificate

Beginner Level

Course 3, Liabilities and Equity in Accounting along with earlier courses in the Professional Certificate are recommended pre-requisites.

Approx. 18 hours to complete

English

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Try Coursera for Business

Instructor

Instructor rating

4.41/5 (102 Ratings)

Intuit Academy Team

95,519 Learners

4 Courses

Offered by

Intuit

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Syllabus - What you will learn from this course

Content Rating79%(3,651 ratings)

Week1

Week 1

3 hours to complete

Understanding Reconciliations

3 hours to complete

25 videos (Total 56 min), 1 reading, 4 quizzes

25 videos

Welcome to Intuit Academy's Bookkeeping Program50sWelcome to Course 4: Financial Statement Analysis2mIntroducing Financial Statement Analysis51sBank Reconciliation45sInterpreting Financial Statements2mPreparing for an Interview49sReconciliation Types and Processes3mTypes of Reconciliation55sThe Importance of Reconciliation3mProcess of Reconciliation57sLet's Hear from an Expert1mBank Reconciliation Example3mLet's Hear from an Expert1mBalance Sheet Approach2mReconciliation Types and Processes Wrap Up28sIntroducing Reconciliation Source Documentation Types1mSource Documents and Their Importance4mDocument Management3mConnecting Your Bank Account To QuickBooks Online 3mLesson Summary and Wrap Up38sIntroducing Report Reconciliations vs Transactional Reconciliations2mReport Reconciliation Method2mTransactional Reconciliation Method2mReconciliations and QuickBooks Online8mReport Reconciliations vs Transactional Reconciliations Wrap56s

1 reading

Welcome Reading Financial Statement Analysis5m

4 practice exercises

Reconciliation Types and Processes Practice Quiz8mReconciliation Source Documentation Types Practice Quiz6mReport Reconciliations vs Transactional Reconciliations Practice Quiz6mUnderstanding Reconciliations Assessment1h

Week2

Week 2

4 hours to complete

How to Read Financial Statements

4 hours to complete

18 videos (Total 27 min)

18 videos

Introducing the Income Statement1mIncome Statement Learning Objectives21sPulling an Income Statement in QuickBooks Online1mLet's Hear from an Expert1mPercent Change Formula1mHorizontal and Vertical Analysis1mLet's Hear From an Expert!1mReading the Numbers for Clients3mIncome Statement Wrap Up30sIntroducing the Balance Sheet1mReading and Interpreting the Balance Sheet3mBalance Sheet Basics Review44sInterpreting the Balance Sheet Wrap Up42sIntroducing Statement of Cash Flows1mUnderstanding Cash Flow1mExpert Advice: Cash flow4mStatement of Cash Flows in QuickBooks Online47sStatement of Cash Flows Wrap Up15s

4 practice exercises

Income Statement Practice Quiz10mInterpreting the Balance Sheet Practice Quiz6mInterpret the Statement of Cash Flows Practice Quiz8mFinancial Statements Assessment40m

Week3

Week 3

5 hours to complete

Analyzing Key Reports and Transactions

5 hours to complete

19 videos (Total 52 min)

19 videos

Introducing Income Statement Analysis 2mGross Profit Margin4mOperating Profit Margin4mNet Profit Margin3mIncome Statement Analysis Wrap Up44sIntroducing Balance Sheet Analysis2mRatios Introduction and Current Ratio2mDebt to Equity Ratio1mImportance of Debt to Equity Ratio4mWhat is a Good Ratio?1mAccounts Payable Turnover Ratios2mAccounts Receivable Turnover Ratios3mBalance Sheet Analysis Wrap Up35sIntroducing Cash Flow Analysis1mCash Flow Coverage Ratio3mCurrent Liability Coverage Ratio1mCash Flow Margin Ratio2mCash Flow Analysis Wrap Up42sIntroducing Business Performance Communication8m

5 practice exercises

Income Statement Analysis Practice Quiz6mBalance Sheet Practice Quiz8mCash Flow Practice Quiz6mBusiness Communications Practice Quiz6mAnalyzing Key Reports and Transactions Assessment40m

Week4

Week 4

6 hours to complete

Application and Practice with Reconciliations and Financial Analysis

6 hours to complete

16 videos (Total 48 min), 2 readings, 4 quizzes

16 videos

Introducing Reconciliations1mReconciliations Objectives20sRun a Report: Reconciliation51sFixing a Reconciliation Error1mCorrecting an Error with a Single Journal Entry5mReconciliations Wrap Up47sIntroducing Workflow of Financial Statements2mHow Information Flows Through Financial Statements5mVideo: The Ripple Effect of Financial Transactions3mVideo: The Financial Statement Puzzle7mWorkflow of Financial Statements Wrap Up41sIntroducing Analyzing Key Reports1mSpecific Reports7mRatios1mRatio Examples8mReview of Analyzing Key Reports54s

2 readings

Financial Statement Analysis Case Study1hTake the Intuit Academy Bookkeeping exam10m

4 practice exercises

Reconciliations Practice Quiz6mWorkflow Practice Quiz10mKey Reports Practice Quiz6mReconciliations and Financial Analysis Assessment30m

Reviews

4.5

67 reviews

5 stars
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2 stars
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1 star
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TOP REVIEWS FROM FINANCIAL STATEMENT ANALYSIS

by REJun 10, 2022

Very important for accountants/bookkeepers.

Clear and easy to assimilate.

Thanks,

by GGSep 17, 2021

This course was extremely informative. This will definitely help me with finding new employment. I feel very confident in my abilities than ever before and thoroughly enjoyed it.

by MHMar 4, 2023

yeah i learn a too much new things and implement them practically .

by MNSep 19, 2022

Great review of basic journal entry and financial documention.

View all reviews

About the Intuit Academy Bookkeeping Professional Certificate

Whether you are starting out or looking for a career change, the Intuit Academy Bookkeeping program prepares you for a variety of jobs in public accounting, private industry, government, and non-profit organizations—and for the Intuit Academy Bookkeeping exam. If you are detail-oriented and passionate about solving clients’ problems, this program is for you. You’ll gain a foundational understanding of accounting principles and an introduction to QuickBooks Online through hands-on practice working with real-world accounting scenarios. Upon completion, you’ll be ready to take the Intuit Academy Bookkeeping exam. With this certification, you will be qualified to apply for a position as a bookkeeper at Intuit QuickBooks Live or anywhere in the field. To learn more, visit https://academy.intuit.com/. Build a foundation of bookkeeping concepts and accounting measurement.

Learn how to work through the phases of the accounting cycle to produce key financial statements. Practice interpreting and analyzing financial statements to make key business decisions. You will need access to spreadsheet software (Excel, Google Sheets, Numbers or the equivalent) for some activities in this course. No previous accounting or bookkeeping experience necessary. Disclaimer: While this program aims to provide you with bookkeeping skills, completion is not a guarantee, or condition, of employment at Intuit or in the bookkeeping field.

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Certificate?
When you enroll in the course, you get access to all of the courses in the Certificate, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

More questions? Visit the Learner Help Center.

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Financial Statement Analysis

About this Course

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