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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

Center for Financial Training | Evaluated Learning Experience

Accounting ACC201


50 hours (11 weeks).

Various; distance learning format.

April 2024 - Present.

Instructional delivery format: 
Online/distance learning
Learner Outcomes: 

Upon successful completion of the course, students will be able to: identify and explain the purpose of the income statement, statement of owners’ equity, balance sheet and how to prepare them in proper form; analyze and record business transactions into a journal; identify and explain key bookkeeping terms and procedures necessary to perform the daily recording activities of the average office; describe a ledger and calculate the balance of an account; explain double-entry; bookkeeping; explain how to post from a journal to a ledger; and explain how to journalize and post adjusting and closing entries.


Instruction is facilitated by an instructor who guides students through each lesson and is available to answer questions and provide feedback on assignments. Each week, students receive an assignment over the Internet that includes reading assigned chapter(s) from the textbook. Students complete a short assignment that is forwarded electronically to instructors or posted it to the electronic class Discussion Board while also taking a self-check test. Additionally, students collaborate with other students on some assignments using electronic discussion boards, chat rooms, and e-mail. The 11-week course requires a mid-term examination and final examination which are delivered electronically. Overall grades for the class are based on student performance on the weekly assignments, mid-term examination and the final examination. Major topics include: Accounting: Analyzing Business Transactions; Analyzing Business Transactions using T Accounts; the General Journal and the General Ledger; Adjustments and the Worksheet; Closing Entries and the Post closing; Trial Balance; Accounting for Sales and Accounts Receivables; Accounting for Purchases and Accounts Payable; Cash Receipts, Cash Payments, and Banking Procedures; Records and Payments; Payroll Taxes; Deposits and Reports; Accruals, Deferrals, and the Worksheet; Financial Statements and Closing Procedures.

Credit recommendation: 

In the associate/certificate degree category OR in the lower division baccalaureate/associate degree category, 3 semester hours in Business Administration, Business Management, or Accounting (4/24).