Course Section 1 Content Section 1 Content Left Section 1 Content Right Credit Type: Course ACE ID: OOSL-0045 Version: 4 Organization: StraighterLine Location: Online Length: 14 weeks (75 hours) Minimum Passing Score: 70 ACE Credit Recommendation Period: 9/1/2024 - 8/31/2027 6/1/2021 - 8/31/2024 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 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: 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 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 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 StraighterLine View All Courses College Credit Opportunities Page Content