Full course description
Foundations of Financial Accounting is a two-course bridge sequence designed to prepare students without an undergraduate accounting background for graduate accounting studies. It is intended for students entering graduate accounting programs, professionals transitioning into accounting-related fields, and individuals seeking foundational accounting knowledge. In Part 1, you’ll examine the environment and theoretical structure of financial accounting, then work through the accounting process and its role in recording and reporting business activity. You’ll study the balance sheet and financial disclosures, the income statement and comprehensive income, and the statement of cash flows. The course also introduces time value of money concepts, revenue recognition, and the accounting for cash and receivables.
The sequence includes Foundations of Financial Accounting, Part 1 and Foundations of Financial Accounting, Part 2, each consisting of seven modules. Together, the courses introduce the accounting equation, double-entry bookkeeping, transaction analysis, and financial statement preparation and interpretation. Students will also explore Generally Accepted Accounting Principles (GAAP), basic asset valuation, liabilities, and revenue recognition.
Both courses are delivered through Canvas and McGraw Hill Connect. Students complete required readings, activities, and assignments in sequence and must score at least 80% on each Canvas quiz to unlock the next module.
Please note that the McGraw Hill subscription for this course costs $69.00 and is not included in the course tuition. You will be required to purchase the book separately after enrolling.
*Estimated Time to Complete the Course: Typically 10 to 15 hours, or less.