Course Overview:

This course introduces the students to the complete financial accounting process consisting of concepts, principles, and procedures that form the accounting cycle. This course covers financial accounting basics, recording business transactions, cash & accrual accounting, and financial statement analysis in decision-making. Throughout the course, students will be introduced to generally accepted accounting principles (GAAP) and ethical issues related to financial statements prepared for external users.

Prerequisite:

  • The students must have completed grade 12 or equivalent education.
  • Students from non-English speaking countries must pass the English Language Proficiency Test.
  • English Language Proficiency – Acceptable test scores (IELTS – 6.0, TOEF – 70, PTE – 45, CAEL – 70, CAE – 176, Duolingo – 110, Password – 6.5, and PTE – 61) are acceptable.

Learning Outcomes:

  • Demonstrate the meaning and relevance of financial information.
  • Comprehend Fundamental accounting concepts, principles, and procedures of financial accounting.
  • Acquire in-depth knowledge of the accounting cycle.
  • Decipher the basic construction of financial statements.
  • To analyze financial information.
  • Investigate and understand the ethical issues related to the preparation of financial statements.

Course Content & Topics:

Class 1: Introduction to Financial Accounting
Class 2: Accounting Vs. Bookkeeping
Class 3: Accounting Methods
Class 4: Tools for Digital Accounting
Class 5: Setting up the Chart of Accounts
Class 6: Transactions, Ledgers, and Journals
Class 7: Processing Payroll and Taxes
Class 8: Financial Statements
Class 9: Analyzing Financial Statements
Class 10: Closing Books
Class 11: Business Budgeting
Class 12: Business Accounting Pitfalls to Avoid
Class 13: Review the prior 12 lessons

Final Exam: MCQs and a case study project

Credit Information:

  • Credits: 3

Duration:

  • 14 Weeks: 3 hrs/week

Course & Related Fees:

  • Domestic & International: $700 (Seven hundred dollars)

For a detailed breakdown, please refer to Policy #S-005 Programs & Course Fee Schedule

Non-Refundable Fees:

  • Application Fee: $50.00/course (payable online and non-refundable)