LawShelf Educational Media | Evaluated Learning Experience
Basics of Accounting (ACC-101)
Version 1 and 2: Various (self-study, self-paced).
Version 1: June 2021 - December 2022. Version 2: January 2023 - Present.
Version 1: 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. Version 2: Same as version 1, and includes: use the basic rules of accounting to analyze how various business practices and tactics will affect a company’s accounting system and financial performance indicators; and describe the principle of revenue recognition and apply those principles to business practices under the accrual method of accounting used by major companies.
Version 1: 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, different types of ratio analyses and their rules and uses, and surveys the Generally Accepted Accounting Principles (GAAP). Version 2: Same as version 1, includes additional scholarly readings, case studies and expanded final exam.
Version 1: In the lower division baccalaureate/associate degree category, 2 semester hours in Business or Business Management (6/21). Version 2: In the lower division baccalaureate/associate degree category, 3 semester hours in Business or Business Management (12/23 administrative review).