Accounting I with Corrine Hasbany
Welcome to Corrine Hasbany's self-paced Accounting I. This professor-led courses will include videos for certain topics of the course, study guides, practice problems using a white board, drop-in online office hours, wikis and practice quizzes. The course aims to be a much more engaging version of ACC101 with more communication with an experienced business woman and Accounting instructor.
Accounting I focuses on basic accounting principles and how they function in normal business operations. Students learn to identify and use Generally Accepted Accounting Principles (GAAP), ledgers and journals, and steps of the accounting cycle. The course also introduces bank reconciliation methods, balance sheets, financial statements, assets and liabilities, and equity, and discusses the issue of business ethics.
Buy the course for only $134 and get a copy of "Fundamental Accounting Principles" at no additional cost
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Corrine Hasbany has over twenty years experience in the Accounting and Finance field. She has worked in several different industries as a Corporate Controller, Senior Manager of Financial Reporting and an Accounting Manager. Corrine’s experience ranges from financial statement preparation/analysis, SEC reporting, international accounting, budgeting, audit management, A/P, A/R, general ledger close, inventory and cost analysis and payroll. Corrine is currently a consultant for large and small businesses in various industries assisting them in all aspects of accounting and finance.
In addition to consulting, Corrine is an instructor of accounting, finance and other business courses for several colleges and universities. She teaches in the online, hybrid and face to face environments. She is a faculty mentor as well as a facilitator for student workshops. She is also a subject matter expert in accounting and finance and assists clients and institutions in creating course content, assessments and supplements.
Corrine has an MBA with a concentration in Accounting as well as a Bachelor of Science degree with a concentration in Finance. She also earned a certificate in online course design and development and a certificate in instructional technology.
Course Objectives
After completing this course, students will be able to:
- 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.
- Explain the purpose of and prepare entries for the purchase order journal and accounts payable (A/P) ledger.
- Identify the fundamental principles of an accounting information system.
Topic | Lesson Topic | Subtopics | Objectives |
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1 | Accounting for Business Today |
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2 | Recording Business Information |
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3 | Financial Statements |
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4 | Journalizing and Posting Transactions |
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5 | Preparing Adjusting Entries |
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6 | The Accounting Cycle |
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7 | Assets: Cash and Controls |
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8 | Assets: Sales and Receivables |
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9 | Assets: Inventory Valuation |
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10 | Acquisition of Property, Plant, and Equipment |
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11 | Liabilities: Purchasing and Payables |
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12 | Liabilities: Notes Payable and Other Current Liabilities |
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13 | Liabilities: Employee and Payroll Accounting |
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14 | Accounting Information Systems |
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15 | Review |
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There are no prerequisites to take Accounting I.
The required eTextbook for this course is included with your course purchase at no additional cost. More information on StraighterLine eTextbooks
Prefer the hard copy? Simply purchase from your favorite textbook retailer; you will still get the eTextbook for free.

With 55 years of success in the principles of accounting market, Fundamental Accounting Principles, 19e by Wild, Shaw and Chiappetta has endured and adapted to changes in accounting, technology, and student learning styles. Its innovation is reflected in its extensive use of small business examples, the integration of new computerized learning tools, superior end-of-chapter material, and a highly engaging, pedagogical design. Inclusion of Carol Yacht's General Ledger and Peachtree application software provides students every advantage as they strive to understand the key concepts of accounting and their role in business.
Wild, John J., Ken W. Shaw, and Barbara Chiapetta. Fundamental Accounting Principles, 19th edition. McGraw-Hill/Irwin, 2009. ISBN 9780073379548
StraighterLine provides a percentage score and letter grade for each course. A passing percentage is 70% or higher.
If you have chosen a
to award credit for this course, your final grade will be based upon that college's grading scale. Only passing scores will be considered by Partner Colleges for an award of credit.There are a total of 1000 points in the course:
Topic | Assessment | Points Available |
---|---|---|
4 | Graded Exam #1 | 150 |
7 | Graded Exam #2 |
150 |
7 | Midterm Exam | 200 |
10 | Graded Exam #3 | 150 |
14 | Graded Exam #4 |
150 |
15 | Final Exam | 200 |
At the end of the course, each student will receive the number of points earned. The student's final letter grade is determined by the corresponding institution's grading scale.
Final Proctored Exam
The final exam is developed to assess the knowledge you learned taking this course. All students are required to take an online proctored final exam in order complete the course and be eligible for transfer credit.
Welcome to Corrine Hasbany's self-paced Accounting I. This professor-led courses will include videos for certain topics of the course, study guides, practice problems using a white board, drop-in online office hours, wikis and practice quizzes. The course aims to be a much more engaging version of ACC101 with more communication with an experienced business woman and Accounting instructor.
Accounting I focuses on basic accounting principles and how they function in normal business operations. Students learn to identify and use Generally Accepted Accounting Principles (GAAP), ledgers and journals, and steps of the accounting cycle. The course also introduces bank reconciliation methods, balance sheets, financial statements, assets and liabilities, and equity, and discusses the issue of business ethics.