Financial Accounting 101

Introduces the basics of accounting: accounting equation, transaction analysis and recording journal entries, accounting cycle, financial statements, matching concept, adjusting entries, closing entries, and worksheets. Examines accounting concepts and procedures: cash, bank reconciliations, receivables, allowance method, estimation and pricing methods for inventories, plant assets and methods of depreciation, sole proprietorship, partnership and corporate forms of business organization including differences in presentation of equity sections for each; distributions and dividends.

Course Introduction

Section Schedule

Lesson Schedule

Course Intro & Quiz is due Wednesday at 11:59 pm. 

  • Wk1 Course Introduction & Quiz - Wednesday

Course Information

Overview

Welcome to the ACC 101 -Financial Accounting course! After completing this activity, you will be prepared for success in this course. Please complete each of the activities below, in the order presented.

Instructions

  • Read the Syllabus, Weekly Patterns & Expectations, and How to Understand Due Dates documents listed below to learn what you can expect in this course. 
  • Review the LDSBC Title of Honor.

  • Access/Purchase the textbook Financial Accounting by Warren, Reeve, and Duchac.

  • The Questions and Conversations discussion(s) linked in each lesson provide a means to communicate with your instructor and classmates. When you have a question, post it to this discussion area. You may wish to subscribe to the topics to receive notification of discussion activity. 

ACC 101 Syllabus Master

How to navigate this course_

How to Understand Due Dates

Did you read and do you understand the course syllabus? (If there is something that you do not understand will you contact your instructor?)

  • Yes
  • No

Did you read (or watch) and understand the following documents? Select all that apply.

  • The Orientation to Online Learning Video
  • LDSBC Title of Honor
  • How to Understand Due Dates
  • Weekly Patterns and Expectations

You should expect to spend at least 9 hours per week to study and complete your work for this three credit course.

  • Type your statement here...

Match the element of the LDSBC Learning Pattern with the best example of how it functions in the course.

  • Prepare
    To succeed in the course, you should prayerfully review the materials (e.g., articles, videos) provided in each lesson. These will enable you to successfully complete the lesson's assignments.
  • Teach One Another
    You will have the opportunity to share ideas and feedback with your classmates during many assignments in this course.
  • Ponder
    Each lesson contains a Ponder & Apply activity that invites you to (1) reflect on spiritual principles related to what you learned in that lesson and (2) apply those principles in your life.
  • Prove
    Each lesson contains assignments in which you will demonstrate your mastery of the course outcomes.

Why Accounting?

Reading

Reading for this Section: 

Financial Accounting, Green Book pgs. 2-8, 15-19

Reading Recap

Watch the following videos to more fully understand the reading and understand more about what you will be submitting in this section. 

Intro to Excel

Throughout this course, you will be using Excel. You will need to understand the basic tools to create tables, calculations, and functions. All work in this course will be completed and submitted in an Excel format. 

Basic Financial Statements

Learn the basics of completing financial statements. You will do this on your own later on in this section

Accounting Cycle

Overview of the Accounting Cycle

In each section of this course you will learn about and learn to apply different elements of the accounting cycle. At the end of the course you will complete a project that incorporates all accounting cycle elements in order to learn how they work together. 

Accounting-Cycle