Learn about our financial accounting college course
Penn Foster College's online Financial Accounting course¹ will help you gain an understanding of the principles of financial accounting. This course is a great first step toward exploring a career in accounting.
Once you've completed this course, you may be able to transfer your college credits into a more advanced program at Penn Foster College, or even another school. If you plan to continue your education elsewhere after studying at Penn Foster College, you should ask your chosen school about their credit transfer policy. Program accreditation doesn't necessarily guarantee that another institution will accept transfer credits.
Here are the learning objectives for the Financial Accounting online college course:
- Analyze transactions, complete the accounting cycle, and merchandise businesses
- Learn about inventories, assets, liabilities, corporations, stocks, bonds, and cash flow
- Prepare basic financial statements
- Use a general journal, general ledger, and trial balance to prepare financial statements
- Account for inventory using different inventory costing methods
- Distinguish between different liabilities and account for and report current liabilities and long-term debt on the balance sheet
- Prepare a statement of cash flows using the direct and indirect methods and evaluate the company’s performance as it relates to cash
You will need high-speed internet access to begin your program. You will need access to a Microsoft® Windows® based computer running Windows XP® or later or an Apple® Mac® computer running OS X® or later, and an email account to complete your program with Penn Foster College.