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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

LawShelf Educational Media | Evaluated Learning Experience

Basics of Accounting (ACC-101)

Length: 

Various (self-study, self-paced).

Location: 
Various; distance learning format.
Dates: 

June 2021 - Present. 

Instructional delivery format: 
Online/distance learning
Learner Outcomes: 

Upon successful completion of the course, students will be able to: read and analyze balance sheets, determine and explain the significance of each entry; engage in accounting work, including the processes of matching, calculating credits and debits, cash flows, depreciation and other accounting skills; apply the basic rules of the Generally Accepted Accounting Principles (GAAP); and utilize various quantitative tools in the accounting toolbox, including ratio analyses, determining profitability and company valuation.

Instruction: 

This course teaches students the most important principles in accounting. It covers the accounting process, balance sheets, cash flow analysis, record-keeping and inventory keeping. The course also surveys the Generally Accepted Accounting Principles (GAAP) and covers different types of ratio analyses and their rules and uses.

Credit recommendation: 

In the lower division baccalaureate/associate degree category, 2 semester hours in Business or Business Management (6/21).

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