Course Course Summary Section 1 Content Section 1 Content Left Section 1 Content Right Credit Type: Course ACE ID: OOSL-0045 Organization's ID: ACC151 Organization: StraighterLine Location: Classroom-based Length: Self-paced. 14 weeks (75 hours) Dates Offered: 6/1/2021 - 5/31/2024 1/1/2019 - 5/31/2021 12/1/2015 - 12/31/2018 10/1/2012 - 11/30/2015 Credit Recommendation & Competencies Section 2 Content Section 2 Content Left Section 2 Content Right Level Credits (SH) Subject Lower-Division Baccalaureate 3 Financial Accounting or Principles Of Accounting I Description Section 3 Content Section 3 Content Left Section 3 Content Right Objective: The course objective is to introduce students to the accounting framework, concepts, and tools that support the communication and development of accounting information and economic decision making. Learning Outcomes: Prepare, understand and analyze the four basic financial statements Define and apply the basic accounting equation Understand the steps and process of the accounting as well as the year end closing cycle Record debits and credits, and account for receivables Make merchandising transactions and value inventory Explain and use the principles of the accrual and deferred methods of accounting Understand the practice of cash accounting and internal controls Understand and handle long-term assets and liabilities and apply the concepts of the time value of money General Topics: Financial accounting in the business environment Using, preparing and analyzing financial statements Analyzing and recording transactions and adjustments in the accounting cycle Using the cash, accrual and deferral methods of accounting Accounting for merchandising operations Inventory costing, valuation and management Accounting for accounts and notes receivable Cash management and internal controls Reporting for long-term assets, current liabilities and long-term notes payable Accounting for bonds and the time value of money Instruction & Assessment Section 4 Content Section 4 Content Left Section 4 Content Right Instructional Strategies: Audio Visual Materials Computer Based Training Practical Exercises Methods of Assessment: Examinations Quizzes 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 StraighterLine ACC150: Managerial Accounting (OOSL-0033) Accounting I (OOSL-0009) Accounting II (OOSL-0010) American Government (OOSL-0063) Anatomy and Physiology I (OOSL-0028) Anatomy and Physiology I Lab (OOSL-0083) Anatomy and Physiology II (OOSL-0030) Anatomy and Physiology II Lab (OOSL-0084) Art Appreciation (OOSL-0109) Business Communication (OOSL-0014) View All Courses Page Content