Course Course Summary Section 1 Content Section 1 Content Left Section 1 Content Right Credit Type: Course ACE ID: OOSL-0009 Organization: StraighterLine Location: Online Length: 14 weeks (75 hours) Dates Offered: 6/1/2021 - 5/31/2024 5/1/2018 - 5/31/2021 10/1/2012 - 4/30/2018 5/1/2008 - 9/30/2012 Credit Recommendation & Competencies Section 2 Content Section 2 Content Left Section 2 Content Right Level Credits (SH) Subject Lower-Division Baccalaureate 3 Accounting I Description Section 3 Content Section 3 Content Left Section 3 Content Right Objective: The course objective is to introduce students to the ways in which accounting principles are used in business operations. Learning Outcomes: identify and apply Generally Accepted Accounting Principles (GAAP) apply the steps of the accounting cycle post and analyze transactions using ledgers and journals record adjusting entries for prepaid expenses and unearned revenue complete an adjusted trial balance perform a bank reconciliation explain the purpose of the sales journal and the accounts receivable ledger and post entries to both record the costs associated with the acquisition of property, plant, and equipment explain the purpose of, and prepare entries for, the purchase order journal and accounts payable (A/P) ledger identify the fundamental principles of an accounting information system General Topics: Accounting for business today Recording business information Financial statements Journalizing and posting transactions Preparing adjusting entries Adjusted trial balance The accounting cycle Assets: cash and controls Assets: sales and receivables Assets: inventory valuation Acquisition of property, plant, and equipment Liabilities: purchasing and payables Liabilities: notes payable and other current liabilities Liabilities: employee and payroll accounting Accounting information systems 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 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