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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

Maalot Educational Network | Evaluated Learning Experience

Principles of Accounting I (ACC101)


Version 1 and 2: Classroom: 39 hours (13 weeks); Distance/Hybrid: Varies. 

Traditional classroom-based offered at Maalot, Jerusalem, and other authorized locations. Distance learning and hybrid options available.

Version 1: September 2009 - March 2016. Version 2: April 2016 - Present. 

Instructional delivery format: 
Traditional classroom model
Online/distance learning
Hybrid course/exam
Learner Outcomes: 

Version 1 and 2: Upon successful completion of the course, students will be able to: analyze economic transactions; record economic transactions in the accounting system; prepare necessary adjusting and closing entries; maintain the general ledger; prepare financial statements (Income Statement, Balance Sheet and Statement of Owner's Equity); provide examples of internal control procedures; and discuss the importance of ethics.


Version 1 and 2: Topics include: the environment of accounting, debit/credit notation, adjusting and closing entries, accounting issues in a merchandise enterprise, design of an accounting system, internal control, current accounts, examination of different inventory methods, and valuation and depreciation issues related to non-current assets.

Credit recommendation: 

Version 1: In the lower division baccalaureate/associate degree category, 3 semester hours in Accounting or Business (2/11). Version 2: In the lower division baccalaureate/associate degree category, 4 semester hours in Accounting or Business (4/16 revalidation) (3/21 revalidation).