Course Section 1 Content Section 1 Content Left Section 1 Content Right Credit Type: Course ACE ID: SAYA-0021 Version: 2 Organization's ID: BUS103: Introduction to Financial Accounting Organization: Saylor Academy Location: Online Length: Self-Paced (82 hours) Minimum Passing Score: 70 ACE Credit Recommendation Period: 6/1/2025 - 5/31/2028 5/1/2022 - 5/31/2025 6/1/2018 - 4/30/2022 Credit Recommendation & Competencies Section 2 Content Section 2 Content Left Section 2 Content Right Level Credits (SH) Subject Lower-Division Baccalaureate 3 introduction to financial accounting Description Section 3 Content Section 3 Content Left Section 3 Content Right Objective: The course objective is to present the accounting systems and rules used to translate the economic activities of firms into financial data. Creation and analysis of financial statements in order to make informed stakeholder decisions will be emphasized. Learning Outcomes: explain the foundational principles and objectives of accounting analyze business transactions and record them using Generally Accepted Accounting Principles (GAAP) define assets, liabilities, and equity, and apply the specific rules governing their treatment in accounting perform the steps of the accounting cycle create the four major financial statements: income statement, balance sheet, statement of stockholders' equity, and cash flow statement apply ratio and trend analysis to financial statements to aid in decision making identify fraud risk and describe the role of internal controls in an organization General Topics: Accounting environment, decision-making, and theory Recording business transactions Adjusting entries Completing the accounting cycle Financial reporting and financial statement analysis Accounting for inventory Accounting for receivables and payables Accounting for property, plant, and equipment Long-term liabilities and stockholders' equity 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 Discussion Lectures Practical Exercises Methods of Assessment: Examinations Other proctored final exam Supplemental Materials Section 5 Content Section 5 Content Left Section 5 Content Right Equivalencies Section 6 Content Section 6 Content Left Section 6 Content Right Button Content Rail Content 1 Other offerings from Saylor Academy View All Courses College Credit Opportunities Page Content