acc290 | undergraduate

Principles Of Accounting I

Explore by:

Get Started
or call us at
Get Started
or call us at
Request Info
or call us at

About:

About:

This course covers the fundamentals of financial accounting as well as the identification, measurement, and reporting of the financial effects of economic events on an enterprise. Students will learn to examine financial information from the perspective of management. Other topics include decision-making, planning, and controlling from the perspective of a practicing manager.

This undergraduate-level course is 5 weeks This course is available to take individually or To enroll, speak with an Enrollment Representative.

Course details:

Credits: 3
Continuing education units: XX
Professional development units: XX
Duration: 5 weeks

topic title goes here

    Starting the Accounting Cycle

    • Prepare an adjusted trial balance.
    • Create adjusting entries.
    • Differentiate between accrual basis and cash basis accounting.

    Completing the Accounting Cycle

    • Prepare a classified income statement, retained earnings statement, and balance sheet.
    • Prepare closing entries, reversing entries, and a post-closing trial balance.

    Inventory

    • Analyze the elements in the cost of goods sold calculation.
    • Calculate ending inventory using the LIFO, FIFO, LCM, and average cost methods.
    • Record the transactions that involve the purchase and sale of merchandise.
    • Analyze the impact of inventory methods on net income or loss.

    Internal Controls

    • Summarize strengths and weaknesses of an internal control system.
    • Recommend improvements to internal control systems.
    • Explain the effects of the Sarbanes-Oxley Act of 2002 on internal controls.

    Basic Accounting Principles and Concepts

    • Classify transactions using the rules of debit and credit.
    • Journalize basic transactions.
    • Identify the four basic financial statements.
    • Post transactions from journals to ledgers.
    Tuition for individual courses varies. For more information, please call or chat live with an Enrollment Representative.

    Please ask about these special rates:

    Teacher Rate: For some courses, special tuition rates are available for current, certified P-12 teachers and administrators. Please speak with an Enrollment Representative today for more details.

    Military Rate: For some courses, special tuition rates are available for active duty military members and their spouses. Please speak with an Enrollment Representative today for more details.

    The University of Phoenix reserves the right to modify courses.

    While widely available, not all programs are available in all locations or in both online and on-campus formats. Please check with a University Enrollment Representative.

    Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.