Inactive Learning Experiences - National Tax Training School

Organization

National Tax Training School

Credit Course Categories:

Descriptions and credit recommendations for all evaluated learning experiences

Personal Finance (FIN 200)

Length:

Version 1 and 2: 120+ hours.

Dates:

Version 1: August 2011 - September 2017. Version 2: October 2017 - December 2022.

Objectives:

Version 1 and 2: Upon successful completion of the course, students will be able to: explain the relationship between lifestyle and personal financial management the process for setting personal financial goals; develop personal financial goals; describe how to maintain records and the mechanics of preparing financial statements; develop a system of record keeping that monitors cash flows; determine financial services applicable to personal financial needs; identify the options involved in making major purchases; discuss the advantages and disadvantages of renting versus buying a home or automobile; differentiate among types of insurance; describe the principles of investment; distinguish features of stocks, bonds, and mutual funds; evaluate sources of professional investment management and services; and develop a plan for building an estate and retirement.

Instruction:

Version 1 and 2: The course is offered in a distance learning format with instructor support, graded assignments, and a cumulative assessment. Topics include: an overview of a financial plan, planning with personal financial statements, applying time value concepts, using tax concepts for planning, managing money, assessing and securing credit, managing credit, personal loans, purchasing and financing a home, auto and homeowner's insurance, health and disability insurance, life insurance, investing fundamentals, investing in stocks, bonds, and mutual funds, asset allocation, retirement planning, and estate planning.

Credit recommendation:

Version 1: In the lower division baccalaureate/associate degree category, 3 semester hours in Finance or Business (1/12). Version 2: In the lower division baccalaureate/associate degree category, 4 semester hours in Finance, Personal Finance, or Business (10/17 revalidation).

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Principles of Accounting I, Financial Accounting (ACC 101)

Length:

120+ hours.

Dates:

January 2012 - December 2022.

Objectives:

Upon successful completion of the course, students will be able to: discuss the role of accounting in the business environment; apply the basic accounting equation; determine the proper debit or credit classification for an account or transaction; understand the accounting cycle; prepare journal entries, adjusting journal entries, and closing journal entries; understand and apply various inventory costing methods; define internal controls, and explain why they are important; prepare a bank reconciliation; account for accounts receivable, including uncollectible accounts; account for liabilities, including salaries, bonds payable, and long term/short term notes payable; account for equity transactions for a corporation; read, understand, and prepare a statement of cash flows; use financial statement information to analyze company performance.

Instruction:

The course is offered in a distance learning format with instructor support, graded assignments, and a cumulative assessment. Topics include: accounting and business environment, recording transactions, adjusting process, the accounting cycle, merchandising operations, inventory, internal controls, receivables, plant assets and intangibles, current liabilities and payroll, long-term liabilities, classification of liabilities, corporations: paid-in capital; corporations: retained earnings, and statement of cash flows.

Credit recommendation:

In the lower division baccalaureate/associate degree category, 4 semester hours in Accounting, Financial Accounting, Principles of Accounting, or Business (1/12) (10/17 revalidation).

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Principles of Accounting II, Managerial Accounting (ACC 102)

Length:

120+ hours.

Dates:

January 2012 - December 2022.

Objectives:

Upon successful completion of the course, students will be able to: discuss the difference between financial and managerial accounting; utilize cost management tools such as activity based costing, job order costing, and process costing to make managerial decisions; understand cost behavior and prepare Cost-Volume-Profit analysis to make business decisions; understand how managers make decisions such as special orders, pricing, or outsourcing using financial information; explain time-value of money concepts and how they affect capital decisions; prepare and understand master budgets; prepare and understand flexible budgets and standard costing; and evaluate business performance both internally and against industrial benchmarks.

Instruction:

The course is offered in a distance learning format with instructor support, graded assignments, and a cumulative assessment. Topics include: introduction to managerial accounting, job order and process costing, activity-based costing, cost-volume-profit analysis, short-term business decisions, capital investment decisions, time value of money, master budgets, flexible budgets, and performance evaluations.

Credit recommendation:

In the lower division baccalaureate/associate degree category, 4 semester hours in Accounting, Principles of Accounting, Financial Accounting, Managerial Accounting, or Business (1/12) (10/17 revalidation).

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