Course

Credit Type:
Course
ACE ID:
PLNS-0002
Version:
3
Organization's ID:
PLNS-0002
Organization:
Pearson
Location:
Online
Length:
12 -- 15 weeks (123 hours)
Minimum Passing Score:
70
ACE Credit Recommendation Period:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Financial Accounting
Description

Objective:

The course objective is a continuation of Accounting 1. Topics include corporate accounting and financial statements; long-term liabilities; cash flow and financial statement analysis; managerial accounting; budgeting; and using financial data to make business decisions.

Learning Outcomes:

  • Define terms related to business accounting
  • Apply a working knowledge of accounting concepts and principles
  • Demonstrate the ability to prepare and understand corporate financial statements
  • Apply concepts related to managerial accounting
  • Analyze financial statements using various ratios and tools
  • Describe long-term liabilities
  • Examine concepts related to managerial accounting
  • Examine how managers use financial information to guide important decisions
  • Prepare and analyze various types of budgets
  • Differentiate international financial reporting standards from generally accepted accounting principles

General Topics:

  • Financial operations of corporations
  • Earnings and stocks
  • Long-term liabilities
  • Investments and cash flow
  • Financial statement analysis
  • Management accounting
  • Job costing
  • Process costing
  • Cost-volume-profit analysis
  • Budgeting
  • Flexible budgets and standard costs
  • Cost systems and business decisions
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Computer Based Training

Methods of Assessment:

  • Examinations
  • Quizzes
Supplemental Materials
Equivalencies