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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

Corporate College Services, Inc. | Evaluated Learning Experience

Accounting I (ACC 201)

32 hours (8 weeks).
Connecticut, Delaware, Minnesota, New Jersey, New York, Pennsylvania, and other approved locations throughout the United States.

July 2010 - December 2021.

Instructional delivery format: 
Traditional classroom model
Learner Outcomes: 

Upon successful completion of the course, students will be able to: apply accounting processes, principles, and practices; interpret financial statements; estimate account balances and costs of investments; evaluate the effects of generally accepted accounting principles as they pertain to business practices; recognize and support controls, including Sarbanes-Oxley; and discriminate among various types of accounting practices in different businesses; and employ internal controls.

Major topics include: GAAP and the role of accounting in business; business transactions and accounting equation; financial statements; types of accounts and transactions; analyzing and summarizing transactions in accounts; trial balance; closing and reversing entries; the Accounting Cycle; accounting for merchandising businesses and accounting systems, Sarbanes-Oxley; internal controls and cash; receivables and inventories; fixed assets and current liabilities.
Credit recommendation: 

In the lower division baccalaureate/associate degree category, 3 semester hours in Financial Accounting (6/10) (12/15 revalidation). NOTE: The educational approach in this course is based on the principles of accelerated learning and adult learning theory. Based on this, and due to the limited class size and the low student/teacher ratio, learner outcomes are achieved and content is covered in the allotted hours.