Davar Academy, LLC | Evaluated Learning Experience
Introduction to Accounting (ACCT 301)
Varies (self-study, self-paced).
November 2016 - Present.
Upon successful completion of this learning experience, students will be able to: identify users of financial accounting information; interpret the components of a transaction, the related debit/credit theory, and how the general journal and ledger relate to the accounting process and to financial statements; prepare and interpret basic financial statements: income statement, statement of owners’ equity balance sheet; demonstrate the steps and related transactions in the accounting cycle, including the adjusting process and the closing process; prepare the accounting and related transactions for merchandising businesses, various inventory accounting methods, purchase and depreciation/amortization of plant assets and intangible assets, long-term liabilities and stockholders’ equity accounts.
Instruction focuses on an introduction to financial accounting and covers the accounting cycle, merchandising concerns, and financial assets as well plant assets, liabilities and stockholders’ equity. Topics include: recording business transactions, summarizing these transactions, and preparing, interpreting and using financial statements. The course of study that is necessary to be prepared for the proctored proficiency examination consists of lessons based on the readings from the textbook. Students are encouraged to answer all the review questions and quizzes for each chapter.
In the upper division baccalaureate degree category, 3 semester hours in Accounting, Business, Economics, Finance, Human Resource Management, Management, or Marketing (11/16) (03/22 revalidation).