Connect financial accounting11/12/2022 ![]() ![]() Decision Sciences & Operations Management.The textbook is available in multiple formats (including free download) through Lyryx. This access is mandatory as all assessments will be completed in Lyryx, including the invigilated exam. Once you register for the Challenge Option, a link will be provided for you to purchase access to the Lyryx platform. This grade is based on three online quizzes (each worth 5%), an online case study (5%), and an online exam (80%). ![]() To receive credit for the ACCT 253 Challenge Option, you must achieve at least 50 percent on the Challenge Exam and an overall composite grade of D (50 percent). The Challenge for credit process allows you to demonstrate that you have acquired a command of the general subject matter, knowledge, intellectual and/or other skills that would normally be found in a university-level course.įull information about Challenge for credit can be found in the Undergraduate Calendar. Finally, you will be introduced to basic accounting issues related to the sole proprietorship and partnership forms of business organization. You will learn to apply basic tools for analyzing financial statements. Generally accepted accounting principles and ethics are examined throughout the course as they relate to each area. property, plant, and equipment assets andĪdditional financial accounting issues related to the corporate form of organization are examined later in the course, followed by an introduction to the statement of cash flows. ![]() Special issues regarding balance sheet components are reviewed in detail, including You will then examine accounting for merchandise operations as well as inventory and cost of sales. You will begin by examining the accounting cycle of a corporation in the service sector, learning how financial transactions are processed through the accounting information system each accounting period. After completing this course, you will be able to analyze and prepare a set of basic financial statements. ![]()
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