The Intuit Certified Bookkeeping Professional certification can help open doors for individuals looking to build a career in bookkeeping. Created by Intuit and Certiport, the Intuit Certified Bookkeeping Professional program starts to establish an industry-standard for bookkeeping.

Intuit Certified Bookkeeping Professional

Course Overview

QuickBooks is the most widely used small business accounting software in Cambodia. As more enterprises emerge, the knowledge of bookkeeping and accounting software is becoming mission-critical for the success of organizations. Consequently, there is a growing demand for related specialization. The Intuit Certified Bookkeeping Professional certification can help open doors for individuals looking to build a career in bookkeeping. The day-to-day finances are the lifeblood of a small or medium business. Professionals in the accounting field who add a certification to their professional qualifications can appeal to more potential employers. With this certification, candidates can show what they know. ISE offers you an affordable learning stream to acquire both the skills and the QBCU Certification.

Course Prerequisites

In addition to fundamental knowledge in accounting and bookkeeping, you are expected to have some basic proficiency in the use of Windows PC and online browsing. For those without an accounting background, we recommend to first go through a course to understand best practices in accounting. For those with accounting knowledge but no PC skills, please consider our other courses with Microsoft Excel and learning to work with worksheets.

Course Objectives

Individuals taking this certification exam will be expected to have a knowledge and understanding of accounting and bookkeeping principles and at least 150 hours of instruction. The core concepts covered in the exam include accounting basics; accounting for assets and sales transactions; accounting for liabilities, equity, and purchase transactions; reconciliation and financial statements. For additional information on what is included in the exam, please review the exam objective.

Exam Objective

  • Define accounting and the concepts underlying accounting measurement
    • Explain the ethical responsibilities of bookkeepers
    • Explain the accounting equation
    • Describe the purpose and content of balance sheets, statements of equity, income statements, and statements of cash flows
  • Summarize the double-entry accounting method
    • Define double-entry accounting terms
    • Explain how double-entry accounting works in accounting software
    • Demonstrate an understanding of T-accounts
    • Read and interpret the transaction journal and general ledger in accounting software
  • Describe the fundamental concepts of the accounting cycle
    • Demonstrate an understanding of the accounting cycle
    • Summarize the adjusting process
    • Describe the entries related to the adjusting process
    • Explain the impact of posting adjusting journal entries on net income, the balance sheet, and equity
  • Summarize accounting principles
    • Explain the key assumptions of financial accounting, reporting, and measurement-triggering transaction events
    • Determine whether to record transactions as revenue or expense
    • Compare and contrast accrual accounting and cash-basis accounting
  • Summarize assets and sales transactions
    • Define assets and identify natural account balance
    • Differentiate between current and long-term assets
    • Identify the financial statements on which assets appear
    • Explain accounting for sales, accounts receivable, and cash receipts
    • Identify other notes receivable and uncollectible accounts
  • Describe the importance of merchandise inventory
    • Identify and define merchandise inventory
    • Apply inventory valuation methods
    • Describe when and how to adjust inventory balance
  • Define depreciation concepts and terminology
    • Describe principles relating to service life and depreciation
    • Identify how depreciation expense is reported on income statements
  • Describe the effect of asset and sales transactions on the accounting equation
    • Describe the effect of sales transactions on the accounting equation
    • Describe the effect of merchandise inventory on the accounting equation
    • Describe the effect of common property and equipment entries on the accounting equation
    • Describe the effect of other asset transactions on the accounting equation
  • Summarize liabilities and purchase transactions
    • Define liabilities and identify natural account balance
    • Differentiate between current and long-term liabilities
    • Identify the financial statements on which liabilities appear
    • Explain accounting for purchases, accounts payable, and cash payment
    • Identify other liabilities
  • Describe basic payroll transactions
    • Define basic payroll accounting terms
    • Explain accounting for payroll
    • Explain payroll tax forms
  • Compare and contrast different types of equity
    • Identify types of equity accounts
    • Explain the connection between equity and income statements
  • Describe the effect of liability, equity, and purchase transactions on the accounting equation
    • Describe the effect of purchase transactions on the accounting equation
    • Describe the effect of payroll transactions on the accounting equation
    • Describe the effect of equity transactions on the accounting equation
    • Describe the effect of other liability transactions on the accounting equation
  • Describe the purpose and process of account reconciliations
    • Define reconciliation concepts
    • Identify accounts that are typically reconciled
    • Identify reconciliation source documentation types
  • Describe the process of bank reconciliations
    • Prepare for a bank reconciliation
    • Reconcile bank accounts
    • Explain bank reconciling items
  • Describe basic financial statement analytical methods
    • Read and comprehend balance sheets
    • Read and comprehend comparative income statements
    • Read and comprehend budget vs. actual reports
    • Analyze cost of goods sold and comparative revenue
    • Compare month-over-month income statements to identify potential issues

Learning Method and Course Fee

Practice and Certify

Courses
Tuition Fee
CertPREP Practice Tests for a single Intuit Certified Bookkeeping Professional
$14.00
Intuit Certifications Exam Voucher
$65.70
Intuit Certifications Retake Exam Voucher
$65.70
Intuit Certified Bookkeeping Professional Exam Voucher + Retake + GMetrix Practice Test
$70.20
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