Basic Accounting – BUS 1102: Learning Materials
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To best prepare for your future studies, please review the below preparation resources. We encourage you to use the time before starting your first term, to get a taste of the topics of your upcoming courses. There’s no better time to start than now! Good luck with your studies!
Learn Basic Accounting
Course overview.
The Basic Accounting course introduces students to financial reporting and financial management concepts and practices. The primary focus of this course is the preparation, use, and analysis of general purpose financial statements in support of the capital market decision-making process. In addition, certain financial accounts concepts related to current assets will be covered.
Preparation Resources
- Walther, L.M. (2012). Principles of Accounting . Logan, UT: Utah State University. Available at http://www.principlesofaccounting.com/ (Chapters 1-8 only)
Principles of Business Management – BUS 1101 -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 the Course and Principles of Financial Accounting
Week 2: Unit 2 – The Accounting Cycle: Analyzing and Recording Transactions
Week 3: Unit 3 – The Accounting Cycle: Adjusting Entries and Preparing Financial Statements
Week 4: Unit 4 – Completing the Accounting Cycle: The Closing Process
Week 5: Unit 5 – Accounting for Merchandising Operations
Week 6: Unit 6 – Cash and Internal Controls
Week 7: Unit 7 – Accounting for Receivables
Week 8: Unit 8 – Inventories and Cost of Goods Sold
Week 9: Unit 9 – Course Review and Final Exam
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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 the Course and Principles of Financial Accounting. Week 2: Unit 2 - The Accounting Cycle: Analyzing and Recording Transactions.
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