Course

Course Summary
Credit Type:
Course
ACE ID:
OOSL-0045
Organization:
Location:
Online
Length:
14 weeks (75 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Financial Accounting
Description

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:

  • understand and use the four basic financial statements
  • define and apply the accounting equation
  • review and employ the principles of accrual and deferral accounting
  • record debits and credits and close a fiscal year's books
  • make merchandising entries and handle inventory
  • practice cash accounting and internal control
  • account for receivables
  • understand and handle long-term assets and liabilities

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
  • The time value of money
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Computer Based Training
  • Practical Exercises

Methods of Assessment:

  • Examinations
  • Quizzes

Minimum Passing Score:

70%
Supplemental Materials

Other offerings from StraighterLine

(OOSL-0009)
(OOSL-0010)
(OOSL-0063)
(OOSL-0109)