Financial Accounting

This course explores basic accounting concepts and procedures, in addition to interpreting financial statements. The principles of accrual and deferral accounting are presented, including proper use of debits, credits, and fiscal year-end procedures.

What you’ll learn

  • Define and apply accounting equations for a business
  • How to record debits, credits, and close a fiscal year's books
  • Ability to manage long-term assets and liabilities
  • Learn to interpret financial statements and the principles of accrual and deferral accounting
Financial Accounting

$79

Plus membership

3 Credits

All courses include:

eTextbooks

2 to 3-day turnaround for grading

Multiple chances to improve your grade

On-demand tutoring & writing center

Student support 7 days a week

$79

Plus membership

3 Credits

All courses include:

eTextbooks

2 to 3-day turnaround for grading

Multiple chances to improve your grade

On-demand tutoring & writing center

Student support 7 days a week

Financial Accounting

$79

Plus membership

3 Credits

About This Course

|
ACE Approved 2021

Financial Accounting explores basic accounting concepts and procedures, in addition to the interpretation of financial statements. The principles of accrual and deferral accounting are presented, including proper use of debits, credits, and fiscal year-end procedures. You will spend time examining merchandising transactions, inventory costing and valuation, cash management, and accounts receivable. The reporting of long-term assets, liabilities, and bonds are also covered in our online Financial Accounting course.

Course Outcomes

Understand and use the four basic financial statements.

Define and apply the accounting equation.

Review and employ the principles of accrual and deferral accounting.

Record debits and credits, and close a fiscal year's books.

Make merchandising entries and handle inventory.

Practice cash accounting and internal control.

Account for receivables.

Understand and handle long-term assets and liabilities.

Read Less

Course Text

Prefer the hard copy? Simply purchase from your favorite textbook reseller; you will still get the eTextbook for free. The required eTextbook for this course is included with your course purchase at no additional cost.

Financial and Managerial Accounting: The Basis for Business Decisions

Williams, Jan R., Susan F. Haka, Mark S. Bettner, and Joseph V. Carcello. Financial and Managerial Accounting: The Basis for Business Decisions, 18th edition, McGraw-Hill/Irwin, 2018, ISBN: 9781259692406

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