$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
$79
Plus membership
3 Credits
About This Course
ACE Approved 2021
Accounting I focuses on the basic accounting principles and function for a business. Learn to identify and use Generally Accepted Accounting Principles (GAAP), ledgers and journals, and the steps of the accounting cycle. This online college credit course introduces you to bank reconciliation methods, balance sheets, financial statements, assets and liabilities, and equity. You will also learn about business ethics.
Course Outcomes
Identify and apply Generally Accepted Accounting Principles (GAAP).
Apply the steps of the accounting cycle.
Post and analyze transactions using ledgers and journals.
Record adjusting entries for prepaid expenses and unearned revenue.
Complete an adjusted trial balance.
Perform a bank reconciliation.
Explain the purpose of the sales journal and the Accounts Receivable ledger and post entries to both.
Record the costs associated with the acquisition of property, plant, and equipment.
Identify the fundamental principles of an accounting information system.
Assess the various methods used to understand natural phenomena and the human impact on it, and analyze the steps taken to protect the environment.
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.
Fundamental Accounting Principles
Wild, John J., and Ken Shaw. Fundamental Accounting Principles, 24th edition. McGraw-Hill/Irwin, 2019. ISBN 9781259916960
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