Accounting 101: Financial Accounting

Study.com Accounting 101: Financial Accounting (SDCM-0075) covers foundational financial accounting for service and merchandise businesses aligned with introductory undergraduate courses: the accounting cycle, Generally Accepted Accounting Principles (GAAP) orientation as presented, internal control concepts, recording transactions with debits and credits through the general ledger, adjusting entries, merchandising operations including inventory methods as introduced, receivables, payables, and other current assets and liabilities themes, equity and dividend impacts, preparation of the income statement, balance sheet, statement of cash flows at a survey level, and basic ratio or statement analysis. Video lessons, chapter tests, and an open-book final emphasize vocabulary, journalizing, posting, and constructing complete financial statements. Credit is earned through the College Accelerator / College Saver plan; courses carry ACE and NCCRS recommendations. Always confirm prerequisites and transfer with your receiving institution.