Accounting I is a beginning course that teaches you how to account -- the accounting cycle, in its steps, through various examples, charts, and exercises. The course focuses on foundational accounting concepts, covering debiting and crediting, double-entry, weighted average methods, depreciation, depletion, amortization, assets, liabilities, equity accounts, T-accounts, prepaid expenses, petty cash, financial statements, adjustments, trial balance, financial worksheets, statement of cash flow.
Course Requirements
1. A desire to learn basic accounting.
2. A willingness to apply various accounting aspects.
Course Goals
After completing this course, students will be able to:
Assessment
- Self-scoring quizzes
- Final review assignments
Grading Policy
This is not a graded course. All lessons and assignments must be completed with a score of 70% or better to pass the course.