Financial Accounting Course

This Financial Accounting course is ACE recommended for college credit transfer!

ACE Credit Recommendation Reference Number: CFTA-0022 (CFT Course Code: ACC201)

Course Prerequisite Info: CFT strongly RECOMMENDS that students complete either an Accounting Basics or an Accounting Fundamentals course prior to taking the Accounting course.

Course Description:

The Financial Accounting course covers accounting terminology; the recording and classifying of financial transactions, including analyzing, journalizing, and posting; the preparation of the trial balance, work sheet and financial statements; a familiarization with handling of adjustments, bad debts, inventory and depreciation; and matters concerning sole proprietorship and partnership.  Course objectives:  describe content and purposes of balance sheet and income statement; compare the basic characteristics of the accrual basis with the cash basis of accounting; explain the full accounting cycle and prepare all required journals, entries, and adjustments; outline the necessity for and features of internal control; identify the basic assumptions, principles, and modifying conventions of accounting; describe how inflation affects information presented in conventional financial statements; define partnerships and their characteristics.

Textbook chapter topics include:

  • Accounting
  • Basic Financial Statements
  • The Accounting Cycle: Capturing Economic Events
  • The Accounting Cycle: Accruals and Deferrals
  • The Accounting Cycle: Reporting Financial Results
  • Merchandising Activities
  • Financial Assets
  • Inventories and the Cost of Goods Sold

Audience:  Appropriate for students who need a working knowledge of accounting.  Students should expect 6-8 hours of homework each week.

Diplomas and Certificates Applicable to the Financial Accounting course:

eBook access included in tuition

Related Topics

Course TitleCreditsStart DateStart TimeEnd DateDelivery TypeDelivery OptionInstructor / LocationPrice
Financial Accounting3 11/06/2023 Any 01/22/2024OnlineOnline Faculty$760.00 Register Now
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Financial Accounting3 03/25/2024 Any 06/10/2024OnlineOnline Faculty$795.00 Register Now
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Financial Accounting3 11/04/2024 Any 01/20/2025OnlineOnline Faculty$795.00 Register Now
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