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.
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.In Part 2, you’ll study inventory measurement and additional inventory accounting issues. You’ll learn how property, plant, equipment, and intangible assets are accounted for when acquired, used, and disposed of. The course also covers liabilities and shareholders’ equity, including current liabilities, contingencies, bonds, and long-term notes.
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. (Note: textbook must only be purchased once.)
*Estimated Time to Complete the Course: Typically 10 to 15 hours, or less.