The mission of is to make education accessible to everyone, everywhere.
Students can save on their education by taking the online, self-paced courses and earn widely transferable college credit recommendations for a fraction of the cost of a traditional course.
Courses consist of engaging, bite-sized video lessons that make concepts easy and fun to learn.
Students can watch the lessons on their own schedule and transfer their credit recommendations to thousands of colleges and universities.
Major topics include: overview of managerial accounting; internal controls in accounting; cost types; cost behavior analysis and cost volume profit; job-order costing and process costing; basics of activity-based costing; budgeting and standard costs; reporting systems and structures in accounting; short and long-term decision-making in accounting; and basics of financial statement analysis.Upon successful completion of the course, students will be able to: describe the uses and application of financial accounting, the GAAP, and IFRS principles and provide examples for demonstration purposes; analyze specific environmental and theoretical structures affecting financial accounting: economic cost concepts, source documents, technology in accounting, ethics in accounting, and users of financial accounting statements; outline the components of the balance sheet, demonstrate the components of the income statement, and differentiate between the seven forms that an income statement can take; evaluate cash flows and the time value of money, incorporating the statement of expected cash flow using the correct formatting, net present value (NPV), and annuities; demonstrate their understanding of accounts receivables by performing the calculations for the maturity date as well as the amount of interest charged on the note; discriminate among the various factors affecting the need for controls in accounting and distinguish between variations in the recording of business transactions; demonstrate an understanding, with the aid of relevant examples, of the need for forecasting, break-even analysis, and cost accounting, in managerial decision making; summarize the six main financial ratios, the role played by each in global capital markets, and evaluate the effect of the ratios on decision making in the strategic/managerial planning process.The course is self-paced, and instruction is delivered through online video and text lessons.Students are assessed through quizzes and a proctored final exam.Topics include: overview of financial accounting; preparing accounting reports; preparing a balance sheet; disclosure requirements for balance sheets; preparing an income statement; evaluating cash flows and time value of money; cash flow statements: direct and indirect; preparation of cash and receivables; systems and controls in accounting; inventory process in accounting; business transactions in accounting; financial accounting and management; financial ratios and business applications.Upon successful completion of this course, students will be able to: evaluate and disclose financial information for transactions involving fixed and intangible assets; assess accounting for securities and investments by preparing entries and properly recording financial information under a variety of different scenarios; analyze financial information for transactions as they apply to current liabilities and contingencies; evaluate financial information for transactions involving bonds and notes payable; prepare and describe transactions about a company’s leases, for both operating leases and capital leases; record transactions and prepare proper financial information as it pertains to stockholder equity transactions and comprehensive income; calculate corporate income and account for corporate income taxes; explain the different type of entries and financial disclosures required for pension plans and related post-retirement benefits, such as medical insurance; and consider a variety of accounting changes and error types found on the financial statements, including prospective and retrospective-type disclosures.Topics include: accounting for fixed and intangible assets; accounting for securities and investments; accounting for liabilities and contingencies; accounting for bonds and notes payable; accounting for operating and capital leases; accounting for shareholder equity and comprehensive income; cash flow statements and disclosures; accounting for corporate income taxes; pensions and post-retirement benefits; and identifying and correcting errors in accounting.Upon successful completion of the course, students will be able to: appraise the process involved in corporate governance and how it applies to managerial accounting; evaluate the reports that make up the financial statements and how to prepare them; summarize the functions of cost classifications, cost allocation, and job order cost systems; breakdown cost-volume-profit analysis and how it relates to income statements; dissect how firms decide on a pricing strategy and the different pricing methods; summarize how companies set standard costs and why they are advantageous; point out the different methods, ratios and formulas important in financial analysis; evaluate the software programs pertinent to managerial accounting, and discover their benefits; and assess the different types of budgeting, including capital budgeting, why budgeting is important, and different methods for budgeting.Methods of instruction include audiovisual materials and case studies.Major topics include: corporate governance for managerial accounting; cost classifications; manufacturing overhead cost allocation; job order cost system; process cost system; activity-based costing; cost-volume-profit analysis; decision making in managerial accounting; pricing objectives and methods; budgeting; budgetary control; standard costs; capital budgeting; statement of cash flows; and financial statement analysis.Upon successful completion of the course, students will be able to: compare types of businesses such as partnerships, corporations, and others; breakdown major accounting principles, such as the accounting cycle; apply the accounting equation and evaluate return on equity; compile balance sheets, income statements, and statements of cash flows; analyze financial documentation; evaluate methods for calculating inventory; appraise corporate accounting practices; differentiate adjusted and closing trial balances and more; and illustrate how businesses use rations to create financial forecasts.