$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.
What You'll Learn
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.
Earn College Credit That Will Transfer
Transfer into over 3000+ institutions that accept ACE courses or transfer directly into 150+ partner schools.
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In this course, 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.
There are no prerequisites for this course. It is suggested that students complete Accounting I and II (ACC101 and ACC102) prior to enrolling in this course.
| Topic | Subtopics |
|---|---|
| Introduction to Financial Accounting in the Business Environment |
|
| The Accounting Cycle: Analyzing and Recording Transactions |
|
| Accounting Methods, Adjustments and Financial Statements |
|
| Reporting Financial Results |
|
| Accounting for Merchandising Operations |
|
| Cash, Accounts and Notes Receivable |
|
| Inventories and Cost of Sales |
|
| Long-Term Assets |
|
| Current & Long-Term Liabilities |
|
| Corporate Reporting and Analysis |
|
| Reporting Cash Flows |
|
| Analysis of Financial Statements |
|
Your score provides a percentage score and letter grade for each course. A passing percentage is 70% or higher.
Assignments for this course include:
- 4 Graded Exams
- 1 Graded Midterm
- 1 Graded Final
The required eTextbook for this course is included with your course purchase at no additional cost.
Williams, Jan R., Mark S. Bettner, and Joseph V. Carcello. Financial and Managerial Accounting, 19th edition, McGraw-Hill, 2021, ISBN: 9781260247930
Financial Accounting students also take: