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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

Consortium for International Studies | Evaluated Learning Experience

Accounting I BUS 210

Location: 

Various; distance learning format.

Length: 

Varies; self-study.

Dates: 

September 2018 - Present. 

Instructional delivery format: 
Hybrid course/exam
Learner Outcomes: 

Upon successful completion of this course, students will be able to: define and describe an accounting system; understand how business transactions can be recorded in terms of the resulting change in the elements of the accounting equation; describe and illustrate the journalizing and posting of transactions to accounts, prepare adjusting entries for accruals, deferrals, and depreciation; describe the flow of accounting information from the unadjusted trial balance into the adjusted trial balance and financial statements; distinguish between the activities and financial statements of service and merchandising businesses; and describe payroll accounting systems that use a payroll register, employee earnings records, and a general journal.

Instruction: 

This self-study course includes 15 weekly lessons which provide a basic introduction to the standards underlying financial accounting systems. Topics include: creating and interpreting income statements, balance sheets, and cash flow statements, as well as liabilities related to accounts payable, current portion of long-term debt, and notes payable, participants will have the opportunity to learn introductory accounting terms and their application in the business environment. 

Credit recommendation: 

In the lower division baccalaureate/associate degree category, 3 semester hours in Accounting 1, Principles of Accounting, or Financial Accounting (8/18).

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