Course Course Summary Section 1 Content Section 1 Content Left Section 1 Content Right Credit Type: Course ACE ID: SDCM-0124 Organization's ID: Accounting 201 Organization: Study.com, LLC Location: Online Length: 38 hours for 16 weeks Dates Offered: 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, as well balance sheets, income statements, cash flow evaluation, business transactions and more. 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 demonstrate understanding of accounts receivables by performing the calculations for the maturity date as well as the amount of interest charged on the note 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 an understanding, with the aid of relevant examples, of the need for forecasting, break-even analysis, and cost accounting, in managerial decision making 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 discriminate among the various factors affecting the need for controls in accounting and distinguish between variations in the recording of business transactions General Topics: Overview of financial accounting Ethical and theoretical frameworks for financial accounting Preparing a balance sheet Disclosure requirements for balance sheets Preparing an income statement Evaluating cash flows and time value of money Cash flow statements: direct and indirect Preparation of cash and receivables Systems and controls in accounting Inventory process in accounting Business transactions in accounting Financial accounting and management Financial ratios and 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 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 Study.com, LLC Accounting 101: Financial Accounting (SDCM-0075) Accounting 102: Introduction to Managerial Accounting (SDCM-0076) Accounting 201: Intermediate Financial Accounting I (SDCM-0124) Accounting 202: Intermediate Accounting II (SDCM-0152) Accounting 301: Applied Managerial Accounting (SDCM-0077) Accounting 302: Advanced Accounting (SDCM-0078) Accounting 303: Cost Accounting (SDCM-0105) Analytics 103: Intro to Relational Databases & SQL (SDCM-0240) Art 103: History of Western Art I (SDCM-0167) View All Courses Page Content