Course

Course Summary
Credit Type:
Course
ACE ID:
OOSL-0009
Organization's ID:
ACC101
Organization:
StraighterLine
Location:
Classroom-based
Length:
14 weeks (75 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Principles of Accounting I
Description

Objective:

The course objective is to introduce students to the ways in which accounting principles are used in business operations.

Learning Outcomes:

  • Financial statements including assets, liabilities, and equity. Business ethics also are discussed
  • Identify and use Generally Accepted Accounting Principles (GAAP) ledgers and journals throughout the steps of the accounting cycle
  • Bank reconciliation methods
  • Balance sheets including assets and liabilities

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

Instructional Strategies:

  • Audio Visual Materials
  • Computer Based Training

Methods of Assessment:

  • Examinations
  • Quizzes

Minimum Passing Score:

70%
Supplemental Materials

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Anatomy and Physiology II Lab
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Business Ethics
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