CCCOnline LogoCourse Snapshot for ACC211 - Intermediate Accounting I

The information listed below is subject to change. Please review the course syllabus within your online course at the start of class.

Course Competencies

The competencies you will demonstrate in this course are as follows:

  1. Analyze and prepare the four major financial statements for corporations.
  2. Evaluate major asset categories and determine appropriate accounting mechanics and reporting requirements.
  3. Develop a user`s understanding of financial statements as tools for decision making.
  4. Describe the effect of various accounting methods, principles and disclosures for financial reporting.
  5. Analyze various financial entities and prepare a critical analysis of their competitive positions.
  6. Demonstrate the ability to think critically about financial accounting issues.
Learning concepts for this course are enchanced using illustrative models, video, and online discussions.

Module Outcomes Mapped to Competencies

Module 1 Learning Outcomes

 Mapped to Course Competencies (above)
Acknowledge the consequences of violating the CCCOnline Academic Integrity Policy. N/A

Module 2 Learning Outcomes

Mapped to Course Competencies (above)

  1. Prepare corporate financial statements and describe how each statement is used for decision making.
  2. Explain the impact of the conceptual framework on financial reporting.
  3. Analyze corporate financial statements and explain why certain methods and disclosures are important for financial reporting.        
  4. Formulate responses to ethical situations involving financial reporting.
 1, 3, 4, 6

Module 3 Learning Outcomes

Mapped to Course Competencies (above)

  1. Prepare a multi-step income statement, a statement of retained earnings, a classified balance sheet and a statement of cash flows.
  2. Demonstrate and explain the appropriate method of reporting various irregular or non-recurring items on the income statement.
  3. Analyze corporate financial statements and explain why certain methods and disclosures. are important for financial reporting.
  4. Apply the time value of money concept to financial reporting.       
 1, 4, 6, 5

Module 4 Learning Outcomes

Mapped to Course Competencies (above)

  1. Calculate and prepare appropriate accounting entries for various current assets.
  2. Demonstrate and explain the alternative methods for reporting current assets on the balance sheet.
  3. Calculate and explain the impact errors have on the financial statements.
  4. Analyze corporate financial statements and explain why certain methods and disclosures are important for financial reporting.        
 2, 3, 4, 5, 6

Module 5 Learning Outcomes

Mapped to Course Competencies (above)

  1. Calculate and prepare appropriate accounting entries for PPE and intangible assets.
  2. Demonstrate and explain the alternative methods for reporting depreciation, depletion, amortization and impairment on the balance sheet and the income statement.
  3. Analyze corporate financial statements and explain why certain methods and disclosures are important for financial reporting.   
  4. Formulate responses to ethical situations involving financial reporting.    
 2, 3, 4, 5, 6, 8

Course Time Commitment and Expectations

For every credit hour, students should plan to spend an average of 2-3 hours per week for course-related activities in a 15-week course. For example, a 3 credit hour course would average an average 6-9 hours per week to read/listen to the online content, participate in discussion forums, complete assignments, and study the course material. For 10  and 6-week courses, the amount of time per week will be higher so all course competencies, module outcomes, and assignments will be covered.

Aside from typical reading assignments, this course has the following (Please Note: This list is subject to change based on the discretion of the instructor facilitating this course.):

Assignment

Points

Discussions (8 @ 15 points) 120
Exams (4 @ 50 points each) 200
Classwork (12 @ 20 points each) 240
Homework (12 @ 20 points each) 240
Continuing Cases (5 @ 40 points each) 200
TOTAL 1,000

 

CCCOnline Course Quality Commitment

CCCOnline goes to great lengths to assure the quality of your online learning experience. You can expect the following from our courses: