Course Course Summary Section 1 Content Section 1 Content Left Section 1 Content Right Credit Type: Course ACE ID: EXCL-0014 Organization: Excel Education Systems, Inc. Location: Online Length: 24 weeks (126 hours) Dates Offered: 10/1/2020 - 9/30/2023 Credit Recommendation & Competencies Section 2 Content Section 2 Content Left Section 2 Content Right Level Credits (SH) Subject Lower-Division Baccalaureate 3 principles of financial accounting Description Section 3 Content Section 3 Content Left Section 3 Content Right Objective: The course objective is for students to learn fundamental accounting concepts and why accounting is important to many businesses and society in general. Learning Outcomes: explain the importance of accounting and distinguish between financial and managerial accounting describe the income statement, statement of owner's equity, balance sheet, and statement of cash flows, and how they interrelate explain the concepts and guidelines affecting adjusting entries describe the importance of the accounting cycle describe the relationships between fraud, internal controls, and cash describe the basic inventory valuation methods compare and contrast documenting assets and liabilities General Topics: Role of accounting in society Introduction to financial statements Analyzing and recording transactions The adjustment process Completing the accounting cycle Merchandising transactions Accounting information systems Fraud, internal controls, and cash Accounting for receivables Inventory Long-term assets Current liabilities Long-term liabilities Corporation accounting Partnership accounting Statement of cash flows Instruction & Assessment Section 4 Content Section 4 Content Left Section 4 Content Right Instructional Strategies: Audio Visual Materials Computer Based Training Methods of Assessment: Quizzes Proctored Final Examination Minimum Passing Score: 70% Supplemental Materials Section 5 Content Section 5 Content Left Section 5 Content Right Section 6 Content Section 6 Content Left Section 6 Content Right Button Content Rail Content 1 Other offerings from Excel Education Systems, Inc. ACE Business Communication Skills (EXCL-0006) ACE Business Law (EXCL-0022) ACE College Algebra (EXCL-0001) ACE Principles of Management (EXCL-0016) ACE Principles of Marketing (EXCL-0005) ACE Sociology (EXCL-0003) View All Courses Page Content