Course Section 1 Content Section 1 Content Left Section 1 Content Right Credit Type: Course ACE ID: SOPH-0010 Version: 3 Organization's ID: ACCT1001 Organization: SOPHIA Learning, LLC Location: Online Length: Self-paced. Students have 60 days with a 30 day extension (if needed) to complete the course Minimum Passing Score: 70 ACE Credit Recommendation Period: 8/1/2025 - 7/31/2028 8/1/2022 - 7/31/2025 8/1/2019 - 7/31/2022 10/1/2016 - 7/31/2019 11/1/2013 - 9/30/2016 Credit Recommendation & Competencies Section 2 Content Section 2 Content Left Section 2 Content Right Level Credits (SH) Subject Lower-Division Baccalaureate 3 Accounting, Financial Accounting, or Principles Of Accounting Description Section 3 Content Section 3 Content Left Section 3 Content Right Objective: The course objective is to master the fundamental principles and procedures of the modern practice of accounting. Students will gain practical experience with bookkeeping and preparing financial reports within the context of operating a sole proprietorship. Students will use a problem-solving approach to actively apply key concepts of introductory accounting to realistic case studies. Learning Outcomes: Identify accounting fundamentals Analyze financial reporting Analyze advanced accounting topics Apply principles of accounting for merchandising operations General Topics: Overview of accounting Accounts Debits, credits, and T-accounts Journals and ledgers Accounting fundamentals case studies Adjusting Trial balance Financial statements Financial reporting case studies Accounting for merchandising Inventory for resale Analysis of financial statements Merchandising operations case studies Assets and depreciation Accounts receivables sub ledgers, reserves, and aging reports Current liabilities Financial statement analyses Statement of cash flows Internal controls and reconciliations Advanced case studies Instruction & Assessment Section 4 Content Section 4 Content Left Section 4 Content Right Instructional Strategies: Audio Visual Materials Case Studies Computer Based Training Lectures Practical Exercises 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 SOPHIA Learning, LLC View All Courses College Credit Opportunities Page Content