Course Section 1 Content Section 1 Content Left Section 1 Content Right Credit Type: Course ACE ID: OOSL-0009 Version: 3 Organization's ID: ACC101 Organization: StraighterLine Location: Classroom-based Length: 14 weeks (75 hours) Minimum Passing Score: 70 ACE Credit Recommendation Period: 12/1/2024 - 11/30/2027 6/1/2021 - 11/30/2024 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 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 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 Section 4 Content Section 4 Content Left Section 4 Content Right Instructional Strategies: Audio Visual Materials Computer Based Training 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