Accounting I
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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 $59 and get a copy of "Fundamental Accounting Principles" at no additional cost
By including eTextbooks in our courses, StraighterLine is helping students achieve their academic goals by providing best-in-class tools to make studying more convenient.
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The course was delivered in a very informative way. Especially, Power Point presentations and topic tacklers were extremely useful. All exams, including final were open book exams which means you don't have memorize all formulas, but you have to understand concepts behind them to come into a correct decision for a problem.
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The only difficulty with this course is that there were not any graded assignments to determine if worksheets, etc. were being correctly determined. However, the tests did not require any of these worksheets, so I guess it all balances in the end.
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It was good.
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not bad
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Very convienient
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Interesting accounting course.
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Very poor. There are blatant errors in the course materials. Inappropriate media mixed in such as a discussion on notes in the section on payroll.
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Straighterline is awesome!
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Fairly simple, all of the course work is easy to understand and the tests are well designed. Each lesson does however widely vary in length.
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Fairly straight-forward lessons with helpful book and online exercises.
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It was clear instructions.
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This course is easy to understand and comprehend. With the book you have lots of activities to practice your accounting knowledge and helps you understand accounting.
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Number of test questions ok Length of time for questions ok. Overall course decent.
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This course can be useful for those who have a limited amount of time and money to complete a basic accounting course, but there are numerous errors in the course material and the phrasing/wording of test questions is poor - improper use of grammar, etc. making it difficult for the student to understand what is being asked. Overall not recommended.
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Simple, easy to follow along.
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I have taken accounting courses in traditional classroom setting, so I kind of knew what to expect from an introductory accounting course. I was extremely pleased with the content in the course. It covers everything that you would find in a traditional college course.
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The course was okay, a little disorganized in the beginning
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There were some glitches in the course but overall, it was nice being able to take it from home whenever I wanted.
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Great course. Online courses are what you make of them but if you read the material and take notes you can really learn a lot.
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it's self paced
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All you need before taking this course is basic math skills. They teach you the fundamentals of accounting and define every important term. The "games and activities" are awesome in solidifying the new vocabulary.
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Easy to use and understand
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Great refresher
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I appreciate the set ups and clear outlines for what was going to be covered in each topic.
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Easy to use and understand
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I enjoyed the study guides.
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Great refresher
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I appreciate the set ups and clear outlines for what was going to be covered in each topic.
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I liked going at my own pace.
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I liked that I could complete this course at my own pace.
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I enjoyed the study guides.
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I liked that is was clear and direct
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I liked that it was self paced
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I liked that it was self paced
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I liked that it was self paced
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I liked that the course materials are well aligned with the textbook contents.
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I liked the layout of the lessons and the fact that you could stop in the middle of a lesson and then resume later if needed.
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I liked the ability to go as quickly or as slowly as needed while studying.
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I liked going at my own pace.
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I liked how you can read the essay subject while you are writing your essay.
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I liked the online interactive course of study.
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I liked that I could complete this course at my own pace.
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I liked the review activities. I felt they were very helpful in learning the course.
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I liked the topic tacklers best because they summarized the information very well. The exercises they contained were very helpful for mastering the concepts.
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I liked the way the course was structured, with the lesson presentations followed by exams.
The SMARTHINKING tutors were also very beneficial.Overall Rating Content Rating -
I liked that is was clear and direct
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I love to be able to work as fast or as slow as I need to, especially with 2 children. I love that I can work most of the day and not have to do anything if I don't have time in the evening. I can spend the evenings with my children and work in and around their demands. I also love the funny stories.
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I loved the review games at the end of each topic because they not only reinforced the key terms, they were fun to complete!
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I liked that it was self paced
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I liked that it was self paced
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I liked that it was self paced
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I liked that the course materials are well aligned with the textbook contents.
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second set of tests more closely aligned with material presented
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I liked the layout of the lessons and the fact that you could stop in the middle of a lesson and then resume later if needed.
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The course seemed to focus on key topics.
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I liked the ability to go as quickly or as slowly as needed while studying.
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The on-line course was comprehensive enough to allow me to pass this course without textbook.
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The tests are well presented and relevant.
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The thoroughness of the course was much appreciated. I feel prepared to take more advanced accounting classes and that this course was an effective overview of accounting theory and practice.
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The topic tackler was very helpful following the lesson.
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The tutorials provided by straighterline helped me learn the principles in a way I never experienced in a classroom setting
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WORK AT YOUR OWN PACE
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I liked the online interactive course of study.
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I liked the review activities. I felt they were very helpful in learning the course.
Content Rating Overall Rating -
I liked the topic tacklers best because they summarized the information very well. The exercises they contained were very helpful for mastering the concepts.
Content Rating Overall Rating -
I liked the way the course was structured, with the lesson presentations followed by exams.
The SMARTHINKING tutors were also very beneficial.Content Rating Overall Rating -
I love to be able to work as fast or as slow as I need to, especially with 2 children. I love that I can work most of the day and not have to do anything if I don't have time in the evening. I can spend the evenings with my children and work in and around their demands. I also love the funny stories.
Content Rating Overall Rating -
I loved the review games at the end of each topic because they not only reinforced the key terms, they were fun to complete!
Content Rating Overall Rating -
second set of tests more closely aligned with material presented
Content Rating Overall Rating -
The course seemed to focus on key topics.
Content Rating Overall Rating -
The on-line course was comprehensive enough to allow me to pass this course without textbook.
Content Rating Overall Rating -
The tests are well presented and relevant.
Content Rating Overall Rating -
The thoroughness of the course was much appreciated. I feel prepared to take more advanced accounting classes and that this course was an effective overview of accounting theory and practice.
Content Rating Overall Rating -
The topic tackler was very helpful following the lesson.
Content Rating Overall Rating -
The tutorials provided by straighterline helped me learn the principles in a way I never experienced in a classroom setting
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WORK AT YOUR OWN PACE
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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., Kermit D. Larson, 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 |
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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.
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.