University of the People 3 credits BUS
The Basic Accounting course introduces students to fundamental concepts and practices of financial reporting and financial management. The primary focus of this course is on the preparation and use of general-purpose financial statements to support decision-making in diverse business contexts. Additionally, the course covers essential financial accounting concepts related to current assets. Learning Objectives and Outcomes: Program Learning Outcomes (PLOs): PLO1. Students will be able to explain a framework in applying appropriate business models in decisionmaking situations. (CLO 1-5)PLO3. Students will be able to identify opportunities for new business ventures, and evaluate their potential for success. (CLO5) PLO6. Students will be able to communicate using well-organized arguments and credible supporting Evidence. (CLO3-4) Course Learning Outcomes (CLOs): By the end of this course, students will be able to: CLO1. Explain how accounting information is used in a business context. (PLO1)CLO2. Complete journal entries using the accrual basis of accounting. (PLO1)CLO3. Explain the steps of the accounting cycle. (PLO1, PLO6)CLO4. Prepare income statements, statements of owner's equity, and balance sheets using generally accepted accounting principles. (PLO1, PLO6)CLO5. Explain financial reports used for accounting for cash, receivables, inventories, and merchandise transactions. (PLO1, PLO3) Course Schedule and Topics This course will cover the following topics in eight learning sessions, with one Unit per week. The Final Exam will take place during Week/Unit 9 (UoPeople time). Week 1: Unit 1 - Introduction to Principles of Financial Accounting Week 2: Unit 2 - The Accounting Cycle: Recording Week 3: Unit 3 - Completing the Accounting Cycle and Merchandise Inventory Systems Week 4: Unit 4 - Accounting Information Systems and Internal Controls Week 5: Unit 5 - Accounting for Receivables and Inventory Week 6: Unit 6 - Long-Term Assets and Current Liabilities Week 7: Unit 7 - Long-Term Liabilities and Statement of Cash Week 8: Unit 8 - Corporation Accounting and Partnership Accounting Week 9: Unit 9 - Final Exam Learning Guide The following outlines how this course will be conducted, with suggested best practices for students. UNIT 1: Introduction to Principles of Financial Accounting Watch/Read due by the 3 rd or 4 th day of the week. Assignment Activity submission due 7th day of the week. UNIT 2: The Accounting Cycle: Recording Transactions Watch/Read due by the 3 rd or 4 th day of the week. Discussion first response due by the 4th day of the week. Discussion replies due by the 7th day of the week. Assignment Activity submission due 7th day of the week. UNIT 3: Completing the Accounting Cycle and Merchandise Inventory Systems Watch/Read due by the 3 rd or 4 th day of the week. Assignment Activity submission due 7th day of the week. UNIT 4: Accounting Information Systems and Internal Controls Watch/Read due by the 3rd or 4th day of the week. Assignment Activity submission due 7th day of the week. Graded quiz due by the 7th day of the week. UNIT 5: Accounting for Receivables and Inventory Watch/Read due by the 3 rd or 4 th day of the week. Discussion first response due by the 4th day of the week. Discussion replies due by the 7th day of the week. Assignment Activity submission due 7th day of the week. UNIT 6: Long-Term Assets and Current Liabilities Watch/Read due by the 3rd or 4th day of the week. Assignment Activity submission due 7th day of the week. UNIT 7: Long-Term Liabilities and Statement of Cash Flows Watch/Read due by the 3rd or 4th day of the week. Assignment Activity submission due 7th day of the week. UNIT 8: Corporation Accounting and Partnership Accounting Watch/Read due by the 3rd or 4th day of the week. Discussion first response due by the 4th day of the week. Discussion replies due by the 7th day of the week. UNIT 9: Final Exam Final exam due by the 4th day of the week
Our subject experts help with essays, research papers, case studies, discussion posts, and capstone projects for these programs β written from scratch to your course requirements.
Program and course information is reproduced from each university's published academic catalog for informational purposes and may change. Always confirm current requirements with your university. We are an independent academic support service and are not affiliated with or endorsed by the universities listed.
Expert guides on essay writing, citation styles, study skills, and academic success.
View All Articles
Learn how to write a good research question for a paper. Narrow your topic, identify a research problem, and create a focused question with practical examples.
Learn how to choose a research topic you can actually research. Discover how to narrow broad ideas, find reliable sources, and develop a focused research question.
Learn how to cite sources in a research paper using APA, MLA, and Chicago styles, with in-text citation examples and reference-list tips.