Course

Course Summary
Credit Type:
Course
ACE ID:
ACPE-0132
Organization's ID:
ACC101
Organization:
Alternative Credit Project Ecosystem
Location:
Online
Length:
This is a self-paced online course that is completed over 135 hours
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Accounting
Description

Objective:

The course objective is to identify the conceptual underpinnings of accounting; recall the features, tools and methods used to enhance and improve accounting systems and processes; define the basics of income measurement and the accounting cycle; recognize the classification framework and typical examples of current assets and liabilities; and identify trends in profitability through examining margins and rates of returns.

Learning Outcomes:

  • Define the historical cost principle
  • Identify cash and cash equivalents
  • Define assets
  • Define gross profit
  • Define liquidity
  • Recall the common stereotypes of an accountant
  • Differentiate between sole proprietorship, partnership, and corporation
  • Recall the processes used in developing the skills necessary to evaluate transactions and describe the debit/credit
  • Identify the various types of adjusting entries that are necessary for selected revenue and expense items
  • Recall the common allowance techniques for uncollectable accounts Identify the different methods of determining depreciation
  • Recall types of incentives used to induce customers to purchase that are company liabilities
  • Identify the unique characteristics of a partnership
  • Define per value
  • Recall common-size financial statements and their relations to scaling the dollar amounts
  • Define working capital

General Topics:

  • Introduction to accounting
  • The accounting system
  • Income measurement and the accounting cycle
  • Cash, receivables, and controls
  • Inventory
  • Plant assets
  • Current liabilities
  • Corporate and partnership equity
  • Analysis
Instruction & Assessment

Instructional Strategies:

  • Computer Based Training

Methods of Assessment:

  • Examinations

Minimum Passing Score:

70%
Supplemental Materials