Financial Accounting

Course Number: ACCTING 2010
Course Name: Financial Accounting (Online)
Course Description:    Introduction to accounting concepts and procedures including the accounting cycle, assets, liabilities, and financial statements. Develops the ability to use accounting information for decision making.
Prerequisites:    None
Level: Undergraduate
Credits: 3
Format: Online  (This course is also offered in print.)
Program: Bachelor of Science in Business Administration
Bachelor of Science in Criminal Justice

Registration Instructions

NOTE: The information below is representative of the course and is subject to change.  The specific details of the course will be available in the Desire2Learn course instance for the course in which a student registers.

Additional Information

Learning Outcomes

  • Understand how financial accounting information is used to help make decisions.
  • Describe the content and purpose of each of the financial statements, and discuss the users and uses of financial information.
  • Understand and use the basic accounting equation, and the rules of debit and credit.
  • Understand generally accepted accounting principles.
  • Use ratios and other tools to analyze companies.
  • Use the accounting information system, including preparing journal entries, adjusting entries, and closing entries.
  • Account for assets and current liabilities.
  • Apply the basic assumptions and principles of financial accounting.
  • Understand the importance of cash flow to a business and prepare a statement of cash flows.

Unit Descriptions

  • Unit 1: Introduction to Financial Accounting
  • Unit 2: Merchandising Operations and Inventory
  • Unit 3: Cash, Receivables, and Long-Lived Assets
  • Unit 4: Equity and Cash Flows

Grading Information

The breakdown of points is as follows:

Exams* (2 @ 150 pts. each) 300 points
Final Project 20 points
Class Discussions 60 points
Group Collaborations (3 @ 15 pts. each) 60 points
Written Assignments (12 @ 10 pts. each) 60 points
Quizzes (4 @ 25 pts. each) 100 points
Total: 600 points

*This course has proctored exams.   If you do not have a proctor on file with the Distance Learning Center, you must submit a proctor nomination form at the time you register for this course.  For proctor information visit our website.

Grading Scale:
A 91% - 100%
A- 89% - 90%
B+ 87% - 88%
B 81% - 86%
B- 79% - 80%
C+ 77% - 78%
C 71% - 76%
C- 69% - 70%
D+ 67% - 68%
D 60% - 66%
F 0% - 59%


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