Course

Course Summary
Credit Type:
Course
ACE Course Number:
SOPH-0010
Organization Course Number:
ACCT1001
Organization:
Location:
Online
Length:
Self-paced. Students have 60 days with a 30 day extension (if needed) to complete the course
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Accounting, Financial Accounting, or Principles Of Accounting
Description

Objective:

The course objective is to master the fundamental principles and procedures of the modern practice of accounting. Students will gain practical experience with bookkeeping and preparing financial reports within the context of operating a sole proprietorship. Students will use a problem-solving approach to actively apply key concepts of introductory accounting to realistic case studies.

Learning Outcomes:

  • Upon completion of the course, the student will be able to identify accounting fundamentals
  • Analyze financial reporting
  • And analyze advanced accounting topics
  • Apply principles of accounting for merchandising operations

General Course Topics:

  • Overview of accounting
  • Accounts
  • Debits, credits, and T-accounts
  • Journals and ledgers
  • Accounting fundamentals case studies
  • Adjusting
  • Trial balance
  • Financial statements
  • Financial reporting case studies
  • Accounting for merchandising
  • Inventory for resale
  • Analysis of financial statements
  • Merchandising operations case studies
  • Assets and depreciation
  • Accounts receivables sub ledgers, reserves, and aging reports
  • Current liabilities
  • Financial statement analyses
  • Statement of cash flows
  • Internal controls and reconciliations
  • Advanced case studies
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Case Studies
  • Computer Based Training
  • Lectures
  • Practical Exercises

Methods of Assessment:

  • Examinations
  • Quizzes

Minimum Passing Score:

70%
Supplemental Materials

Other offerings from SOPHIA Learning, LLC

(SOPH-0006)
(SOPH-0029)
(SOPH-0032)
(SOPH-0001)
(SOPH-0031)
(SOPH-0034)
(SOPH-0007)