Course Section 1 Content Section 1 Content Left Section 1 Content Right Credit Type: Course ACE ID: SDCM-0124 Version: 3 Organization's ID: Accounting 201 Organization: Study.com, LLC Location: Online Length: Self-Paced. 38 hours (16 weeks) Minimum Passing Score: 70 ACE Credit Recommendation Period: 7/1/2023 - 6/30/2026 11/1/2020 - 6/30/2023 10/1/2017 - 10/31/2020 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 analyze definitions and explanations of financial accounting terms, balance sheets, income statements, cash flow evaluation, and business transactions. Learning Outcomes: Analyze specific environmental and theoretical structures affecting financial accounting: economic cost concepts, source documents, technology in accounting, ethics in accounting, and users of financial accounting statements Outline the components of the balance sheet, demonstrate the components of the income statement, and differentiate between the seven forms that an income statement can take Upon completion of the course, the student will be able to describe the uses and application of financial accounting, the GAAP, and IFRS principles and provide examples for demonstration purposes Evaluate cash flows and the time value of money, incorporating the statement of expected cash flow using the correct formatting, Net Present Value (NPV), and annuities Demonstrate their understanding of accounts receivables by performing the calculations for the maturity date as well as the amount of interest charged on the note Discriminate among the various factors affecting the need for controls in accounting and distinguish between variations in the recording of business transactions Demonstrate an understanding, with the aid of relevant examples, of the need for forecasting, break-even analysis, and cost accounting, in managerial decision making And summarize the six main financial ratios, the role played by each in global capital markets, and evaluate the effect of the ratios on decision making in the strategic/managerial planning process General Topics: Overview of Financial Accounting Ethical & Theoretical Frameworks for Financial Accounting Preparing a Balance Sheet Disclosure Requirements for Balance Sheets Preparing an Income Statement Evaluating Cash Flows & Time Value of Money Cash Flow Statements: Direct & Indirect Preparation of Cash & Receivables Systems & Controls in Accounting Inventory Process in Accounting Business Transactions in Accounting Financial Accounting & Management Financial Ratios & Business Applications Instruction & Assessment Section 4 Content Section 4 Content Left Section 4 Content Right Instructional Strategies: Audio Visual Materials 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 Study.com, LLC View All Courses College Credit Opportunities> Page Content