Undergraduate Business Courses

Single Courses - School of Business

Start by taking a single course

At CalSouthern, you have the option of enrolling in a course without committing to a degree program. It’s a fantastic way to get a feel for the CalSouthern online learning experience before enrolling. You can apply the credits you earn to a CalSouthern bachelor’s degree program, or, since CalSouthern is regionally accredited, the credits are readily transferable into a bachelor’s program at another institution, as well.* Or, maybe you simply want to gain college-level knowledge and expertise in a topic area of interest to you.

Choose from any of the undergraduate courses in CalSouthern’s School of Business. A vast selection of subjects are available, on topics as diverse as business communication, marketing, finance, human resources and international business.

Getting started is quick and easy. No entrance exams are required and you don’t have to provide official transcripts. Courses start every month and you’ll never encounter a closed course or waiting list!

*Although credits from regionally accredited institutions like CalSouthern are readily accepted by other universities, acceptance is at the discretion of the receiving institution.

Undergraduate Business Courses

ACT 2451 Intermediate Accounting I

Credits : 3

This is the first of two in-depth financial accounting courses. The course includes a review of basic financial statements, income statement, statement of cash flows and the balance sheet, specifically asset accounts. Theories, the conceptual framework, development of generally accepted accounting principles, and applications are stressed.

Learning Outcomes:
  • Define generally accepted accounting principles (GAAP).
  • Record transactions using the general journal format.
  • Identify and describe the different types of adjusting journal entries.
  • Describe the four basic financial statements.
  • Describe the purpose of the balance sheet and understand its usefulness and limitations.
  • Explain the purpose of financial statement disclosures.
  • Explain the difference between net income and comprehensive income.
  • Describe the purpose of the statement of cash flows.
  • Discuss the general objective of the timing of revenue recognition,
  • Identify and calculate the common ratios used to assess profitability.
  • Compute the present and future value of a single amount.
  • Explain the difference between simple and compound interest.
  • Define what is meant by internal control
  • Explain the possible restrictions on cash and their implications for classification on the balance sheet.
  • Explain the difference between a perpetual inventory system and a periodic inventory system.
  • Discuss the factors affecting a company’s choice of inventory method.
  • Understand and apply the concept of cost allocation as it pertains to operational assets the lower-of-cost-or-market rule.
  • Explain the appropriate accounting treatment required when a change in inventory method is made.
  • Determine the initial cost of operational assets.
  • Explain how to account for dispositions and exchanges.
  • Explain the concept of cost allocation as it pertains to operational assets.
  • Access information efficiently and effectively
  • Evaluate information critically and competently
  • Integrate the course concepts through interaction with other Learners and your Mentor
  • Introduce self and explain course expectations
  • Determine periodic depreciation using both time-based and activity-based methods.
  • Identify and account for investments for reporting purposes.
  • Classify the way investments are recorded and reported by the equity method.
Back


Take the first step - Call 800.477.2254