Introduction to Financial Accounting SP
The College Level Examination Program (CLEP) offers a financial accounting exam that provides students with the opportunity to earn college credit for knowledge they have gained outside of the traditional classroom setting.
Gina Jude Curriculum--CLEP and AP Specialists
Average rating:
4.7
Number of reviews:(213)
Rising Star
What's included
19 pre-recorded lessons
19 weeks
of teacher support1 year access
to the contentHomework
1-2 hours per week. Homework is assigned weekly and is graded for completeness.Assessment
Assessment will be formal and informal. They are designed provide practice for students to succeed in future higher level business law programs.Grading
Homework and tests will be graded to allow students and parents to judge progress and readiness for future learning.Class Experience
US Grade 9 - 12
Intermediate Level
The CLEP Financial Accounting exam is designed to test a student's knowledge and understanding of basic accounting principles and practices. This exam covers a wide range of topics, including financial statements, balance sheets, income statements, inventory valuation methods, internal controls, and more. Passing this exam can help students earn college credit for an introductory financial accounting course, saving them time and money in their pursuit of a degree. With proper preparation and study techniques, students can feel confident going into the exam knowing they have the necessary skills to succeed. Additionally, success on the CLEP Financial Accounting exam can open up opportunities for future coursework in finance or accounting-related fields. This class should take 19 weeks to complete. Assignments will be graded as they are turned in and the teacher responds to all emails in a 24 hour period.
Learning Goals
Questions on the Financial Accounting exam require test takers to demonstrate one or more of the following abilities:
Familiarity with accounting concepts and terminology
Preparation, use, and analysis of accounting data and financial reports issued for both internal and external purposes
Application of accounting techniques to simple problem situations involving computations
Understanding the rationale for generally accepted accounting principles and procedures
Syllabus
19 Lessons
over 19 WeeksLesson 1:
Getting Started
The Balance Sheet
Analyzing the Balance Sheet
Operating Cycle and Fiscal Year
Graded Assignment 1 Lesson 2:
Making Money
Operating the Business
Making Adjustments
The Income Statement Refined
The Statement of Owner's Equity
Keeping Track of Numbers in Accounts
Using T-Accounts
How Operations Affect the Balance Sheet
Graded Assignment 2 Lesson 3:
Watching Over Cash
Cash from Operations
Cash from Investing Activities
Cash from Financing Activities
The Direct Method of Presenting the Cash Flow Statement
Graded Assignment 3 Lesson 4:
Accounting and the Outside World
Other Uses of Financial Statements
Making Sure the Statements are Accurate
Graded Assignment 4 Other Details
Learning Needs
This course can be modified for any special learner needs. Please contact instructor to discuss any specific needs.
External Resources
Learners will not need to use any apps or websites beyond the standard Outschool tools.
Joined August, 2018
4.7
213reviews
Rising Star
Teacher expertise and credentials
Gina Jude Curriculum is a certified teacher-tutoring and online teaching service. We offer online courses for homeschool students in a variety of subjects, including math, science, English, history, and more. We also provide tutoring services for students who are struggling in a particular subject.
Our mission is to provide quality education to all students, regardless of their learning style or ability. We believe that every student has the potential to succeed when given the proper tools and support.
The teacher for this course has a minor in business administration from Louisiana State University, a paralegal certificate, and a real estate license.Reviews
Self-Paced Course
$37
weekly or $700 for all content19 pre-recorded lessons
19 weeks of teacher support
Choose your start date
1 year of access to the content
Choose your start date
Ages: 14-18
