- Course type: Self-paced
- Available Lessons: 83
- Average Lesson Length: 8 min
Eligible for Certificate:
Certificates show that you have completed the course. They do not provide credit.
Watch a preview:chapter 1 / lesson 1What Is Accounting? - Purpose, Importance & Relationship to Business
Course SummaryTake Financial Accounting for Teachers to earn college credit to apply towards your licensure renewal requirements. Learn with fun and engaging accounting video lessons that you can watch around your teaching schedule.
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Course Practice TestCheck your knowledge of this course with a 50-question practice test.
- Comprehensive test covering all topics
- Detailed video explanations for wrong answers
How It Works
Earn professional development credits to renew your business teaching license with Financial Accounting for Teachers. Brush up on financial accounting topics so you can better teach financial statements, cash flows, receivables and other accounting topics. Learn on your own schedule and at your own pace. You can complete this course in under two weeks - perfect for teachers who need to earn accounting credits in a hurry!
- Watch engaging video lessons about the accounting cycle and financial statement analysis.
- Check your knowledge of things like inventory and assets with practice quizzes and exams.
- Ask clarification questions from our expert accounting instructors.
- Earn 3 credits by taking the CLEP Financial Accounting exam.
Always check with your school district or state Department of Education to ensure that the course credits will be accepted before beginning the course. CLEP credits are accepted by over 2,900 schools and directly by many state departments of education.
Who's It For?
Financial Accounting for Teachers is ideal for any teachers looking to earn credits to use towards licensure renewal. The flexible, self-paced format makes it easy to fit your studies into a busy schedule. The course is fully online, so you can study anytime, anywhere. This course also benefits:
- Business teachers who want to brush up on financial accounting
- Teachers who want to incorporate engaging financial accounting videos into their instruction
- Teachers planning a financial accounting unit or course
- Aspiring accounting teachers
Why It Works
- Fun and Engaging: Animations and interesting examples make financial accounting easy to learn.
- Expert Instructors: Expert accounting instructors break difficult concepts down so they are easy to remember.
- Practice Makes Perfect: Quizzes and practice exams let you review financial accounting terminology and key concepts and track what you've mastered.
- Quick and Flexible: Learn on your own schedule and on any device. You could earn financial accounting credits in less than two weeks.
- Access our full library of professional development courses for teachers, including Intro to Business for Teachers, Marketing for Teachers and Statistics for Teachers.
- Find 10,000 engaging lessons that you can use in your classroom or assign out to students.
- Watch more lessons in financial accounting as well as finance, business law, ethics and other related business topics.
- Earn transferable college credit for dozens of courses.
Evaluate This Course
After you've worked through all or part of the course, please share your feedback with us! We take the quality of our lessons and courses very seriously and appreciate any comments on how we can improve your experience. If you'd like to let us know how effective you found this course, please fill out our survey by clicking on this link.
Course Plan for Earning Credit in Less Than Two Weeks
Follow this course plan if you want to complete Financial Accounting for Teachers and be ready to earn transferable credit in less than two weeks. For each chapter assignment, take all of the lesson quizzes and the practice chapter exam at the end of each chapter. If you miss any questions, review the video lesson to master the concept.
|Day||Assignment||What You'll Learn|
|Day 1||Chapter 1||Introduction to Accounting (importance, external and internal uses, GAAP, ethics, accounting technology)|
|Day 2||Chapter 2||Financial Statements (balance sheets, income statements, statements of cash flows, notes, external audits, accounting principles)|
|Day 3||Chapter 3||Accounting Cycle Mechanics (accounting equation, source documents, ledgers, chart of accounts, debits and credits, journal entries, trial balance, financial statement ratios)|
|Day 4||Chapter 4||Accounting Adjustments and Financial Statement Prep (periodic reporting, accrual accounting, adjustment types, accrued revenues and expenses, adjusted trial balance, closing entries, nominal accounts, post-closing trial balance)|
|Day 5||Chapter 5||Internal Controls (reporting errors, fraudulent reports, banking safeguards, cash receipts, disbursements, bank reconciliation, the Sarbanes-Oxley act, auditors' role, the Securities and Exchange Commission)|
|Day 6||Chapter 6||Merchandising Operations and Inventory (merchandising activities, inventory cost, inventory purchase accounting, perpetual and period inventory systems, inventory counting and valuation methods, net realizable value of inventory, lower of cost or market of inventory)|
|Day 7||Chapter 7||Accounting Receivables (accounts receivable process, revenue recognition, uncollectible accounts, receivables management, warranty and service costs, notes receivable, conversion of receivables)|
|Day 8||Chapter 8||Operation Cycle Completion (employee compensation, accounting for sales and property taxes, contingencies, capitalizing versus expensing, income statement operations)|
|Day 9||Chapter 9||Long-Term Assets (operating assets, plant assets, cost principle, acquisition of property and equipment, depreciation factors and methods, partial-year depreciation, intangible assets, plant and property efficiency measurements)|
|Day 10||Chapter 10||Current and Long-Term Liabilities (known liabilities, estimated liabilities, bonds, bond financing, bond issuance price, bond retirement, debt-related ratios)|
|Day 11||Chapter 11||Equity Reporting and Analysis (loan and equity investment comparisons, equity financing, corporations, stockholder equity, common and preferred stock, accounting for stock repurchases, retained earnings)|
|Day 12||Chapter 12||Statement of Cash Flows (non-cash activities, cash flow statement pattern analysis, six-step cash flow statement prep process, decision making, indirect and direct reporting methods)|
|Day 13||Chapter 13||Interpretation and Analysis of Financial Statements (standards for comparison, horizontal analysis, vertical analysis, financial ratio analysis, efficiency ratios, leverage ratios, analysis issues)|
|Day 14||Final Exam||Take the final practice exam to see which concepts you understand and gauge your readiness to earn credit for financial accounting.|
Earning College Credit
Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.
To learn more, visit our Earning Credit Page
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