Course

Course Summary
Credit Type:
Course
ACE ID:
PLNS-0001
Organization's ID:
PLNS-0001
Organization:
Location:
Classroom-based
Length:
12 -- 15 weeks (142 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Principles Of Financial Accounting or Introduction to Financial Accounting
Description

Objective:

The course objective is to provide an introduction to business accounting. Topics include accounting concepts and principles, financial statements, internal control design, and accounting for partnerships.

Learning Outcomes:

  • Define terms related to business accounting
  • Prepare financial statements
  • Differentiate international financial reporting standards from generally accepted accounting principles
  • Apply accounting concepts and principles
  • Analyze financial statements for decision making
  • Evaluate internal controls
  • Account for partnership transactions

General Topics:

  • Accounting and the business environment
  • Recording business transactions
  • The adjusting process
  • Completing the accounting cycle
  • Merchandising operations
  • Merchandise inventory
  • Accounting information systems
  • Internal control and cash
  • Receivables
  • Plant assets and intangibles
  • Current liabilities and payroll
  • Partnership
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Computer Based Training

Methods of Assessment:

  • Examinations
  • Quizzes

Minimum Passing Score:

70%
Supplemental Materials