Course

Credit Type:
Course
ACE ID:
ACPE-0086
Version:
1
Organization's ID:
ACC101
Organization:
Alternative Credit Project Ecosystem
Location:
Online
Length:
This is a self-paced online course
Minimum Passing Score:
70
ACE Credit Recommendation Period:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Introduction to Accounting
Description

Objective:

The course objective is to introduce accounting concepts and their application in transaction analysis and financial statement preparation and asset and equity accounting in proprietorships and corporations. There is also emphasis on the accounting cycle for service and business operations.

Learning Outcomes:

  • Identify and use Generally Accepted Accounting Principles (GAAP)
  • Use ledgers and journals throughout the steps of the accounting cycle
  • Use balance sheets including assets and liabilities
  • Use financial statements including assets, liabilities, and equity
  • Use bank reconciliation methods
  • Discuss business ethics

General Topics:

  • Accounting for business today
  • Recording business information
  • Financial statements
  • Journalizing and posting transactions
  • Preparing adjusting entries
  • Adjusted trial balance
  • The accounting cycle
  • Assets, cash, and controls
  • Sales and receivables
  • Inventory valuation
  • Acquisition of property, plant, and equipment
  • Liabilities, purchasing, and payables
  • Notes payable and other current liabilities
  • Employee and payroll accounting
  • Accounting information systems
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Computer Based Training

Methods of Assessment:

  • Examinations
  • Quizzes
Supplemental Materials
Equivalencies