ACCC 210 – Fundamentals of Accounting (0.6)
ACCC 210 – Fundamentals of Accounting (0.6)
$200.00
The Fundamentals of Accounting competency will provide you with a basic understanding of accounting – why it is used and what it is used for. You will develop an understanding of the various goals and functions of accounting, the purpose and function of the four principal financial statements, the pros and cons of the legal forms of business, and the importance of ethics in accounting.
ACCC 215 – Accounting Cycle & Transaction Analysis (0.6)
$200.00
In this competency, you will develop an understanding of the steps of the accounting cycle, practice accounting transactions and understand how they flow through an accounting system. This is the second in a series of eight accounting competencies and should be taken after Fundamentals of Accounting and before Financial Reporting.
COMPETENCY OBJECTIVES
Upon successful mastery of this competency, you will be able to:
- Demonstrate an understanding of the accounting process and accrual concept.
- Demonstrate an understanding of double entry accounting.
- Demonstrate knowledge of generally accepted accounting principles and practices (GAAP).
- Demonstrate an understanding of the accounting cycle.
- Prepare an adjusted trial balance.
ACCC 220 – Financial Reporting (0.6)
$200.00
The Financial Reporting competency focuses on understanding financial reports and how they are used by decision‐makers. You’ll learn how to read and understand an annual report, how to prepare an income statement and balance sheet, and become familiar with different types of audit reports such as ISO, GAAP, and SOX and what they are used for. This is the third in a series of eight accounting competencies and should be completed after Fundamentals of Accounting and Accounting Cycle & Transaction Analysis.
COMPETENCY OBJECTIVES
Upon successful mastery of this competency, you will be able to:
- Demonstrate the ability to read and comprehend an annual report.
- Understand the different types of audit reports (e.g., ISO, GAAP, SOX).
- Prepare an income statement and balance sheet.
- Demonstrate an understanding of the Statement of Cash Flows and how they are used for operating, investing, and financing decisions.
ACCC 225 – Accounting for Working Capital (0.6)
$200.00
The Accounting for Working Capital competency focuses on how companies account for cash,
receivables, and inventory - both what they mean and how they are analyzed in order to maximize their return. This is the fifth in a series of eight accounting competencies and should be completed after Fundamentals of Accounting, Accounting Cycle & Transaction Analysis, Financial Reporting, and Accounting for Long-Term Investing and Financing Decisions.
COMPETENCY OBJECTIVES
Upon successful mastery of this competency, you will be able to:
- Demonstrate knowledge of accounting for cash, accounts receivable and inventory
- Demonstrate knowledge of accounting for other current assets and current liabilities.
ACCC 230 – Accounting for Long-Term Investing and Financing Decisions (0.6)
$200.00
The Accounting for Long-Term Investing and Financing Decisions competency focuses on how to finance a company over the long-term in order to make informed and, ultimately, successful
investment decisions. This is the fourth in a series of eight accounting competencies and should be completed after Fundamentals of Accounting, Accounting Cycle & Transaction Analysis, and Financial Reporting.
COMPETENCY OBJECTIVES
Upon successful mastery of this competency, you will be able to:
- Demonstrate how to account for long-term and other assets.
- Demonstrate how to account for long-term debt.
- Demonstrate how to account for Paid-in Capital and Retained Earnings (including dividends).
ACCC 235 – Financial Planning and Control (1.5)
$200.00
The Financial Planning and Control competency focuses on a company’s short-term and long-term financing needs based on available financial and operational information. This is the sixth in a series of eight accounting competencies and should be taken after Accounting for Managerial Decisions.
COMPETENCY OBJECTIVES
Upon successful mastery of this competency, you will be able to:
- Develop a forecast of short and long-term financing needs and pro forma financial statements.
- Prepare a budget and use variance analysis to evaluate performance.
- Demonstrate knowledge of standard costing and variances.
- Perform profitability and cost analyses of businesses and business segments.
- Construct a balanced scorecard for strategic planning and control purposes considering both quantitative and qualitative data.
ACCC 240 – Accounting for Managerial Decisions (1.5)
$200.00
The Accounting for Managerial Decisions competency focuses on knowing how and when to apply managerial accounting tools and techniques to make decisions in a business. This is the seventh in a series of eight accounting competencies and should be completed after Fundamentals of Accounting, Accounting Cycle & Transaction Analysis, Financial Reporting, Accounting for Long-Term Investing and Financing Decisions, Accounting for Working Capital, and Financial Planning and Control.
COMPETENCY OBJECTIVES
Upon successful mastery of this competency, you will be able to:
- Understand what managerial accounting is and understand the purpose of job and process costing.
- Use Activity Based Management, which is a method to identify and evaluate business activities using activity based costing (i.e., to carry out a value chain analysis or reengineering project) in order to reduce costs or improve customer value (e.g., quality).
- Understand cost behavior and cost-volume profit analysis (including break-even analysis)
- Use the total cost of ownership methodology to analyze relevant, incremental quantitative and qualitative costs of an acquisition, project, investment, or relationship (e.g., customer) to make decisions (e.g., lease/purchase and make/buy).
ACCC 360 – Financial Statement Analysis (3)
$200.00
This competency focuses on how to analyze and evaluate the financial performance of a business using financial information provided by a company's annual report and related financial statements. You will not only analyze the financial health of an organization, but also make industry comparisons, using techniques such as vertical/common-size analysis, horizontal/trend analysis, and ratio analysis. This is the last in a series of eight accounting competencies and synthesizes the knowledge and skills you have learned from the seven preceding competencies: Fundamentals of Accounting, Accounting Cycle & Transaction Analysis, Financial Reporting, Accounting for Long-Term Investing and Financing Decisions, Accounting for Working Capital, Accounting for Managerial Decisions, and Financial Planning.
COMPETENCY OBJECTIVES
Upon successful mastery of this competency, you will be able to:
- Understand the purpose and the five step process of financial analysis: (1) understand a business’s model and strategy; (2) understand the business environment; (3) analyze the content of the Annual Report; (4) analyze business operations; and (5) use financial analysis to make decisions.
- Apply the techniques of financial analysis (i.e., vertical analysis; horizontal and trend analysis; ratio analysis and industry comparisons) to evaluate the performance of a business.
ECNC 201 – Fundamentals of Macroeconomics (3)
$25.00
The macroeconomics competency compliments the “Microeconomics A” and “B” competencies, as they both study factors of the economy. Microeconomics, however, focuses on the study of individual and business level decisions, while macroeconomics focuses on behaviors within a larger-scale. Specifically, it centers on decisions made by countries and governments and the impact these outcomes have on the economy as a whole.
COMPETENCY OBJECTIVES
Upon successful mastery of this competency, you will be able to:
- Define Gross Domestic Product (GDP) and how it is applied in business.
- Explain what causes inflation and unemployment.
- Explain how various factors can change/shift the aggregate supply and demand curve and how increased productivity leads to economic growth.
- Describe the investment – savings (IS) curve and the liquidity preference – money (LM) curve and its characteristics.
- Explain what determines economic fluctuations (business cycle).
- Explain the role of monetary policy.
- Explain the role of fiscal policy.
ECNC 202 – Fundamentals of Microeconomics, Level A (1.5)
$25.00
Microeconomics focuses on the choices made by individual decision-making units in the economy—typically consumers and firms—and the impacts those choices have on individual markets. In this competency, you will learn the three fundamental questions of microeconomics, understand how to analyze supply and demand, and define consumer behavior.
COMPETENCY OBJECTIVES
Upon successful mastery of this competency, you will be able to:
- Define scarcity and the three fundamental questions of microeconomics.
- Analyze supply and demand as impacted by changing market conditions.
- Understand how supply and demand react to price changes (i.e., elasticity).
- Define consumer behavior including consumer preference and utility and how consumers make choices when they face budget and time constraints.
ECNC 205 – Fundamentals of Microeconomics, Level B (1.5)
$25.00
The fundamentals of microeconomics helps firms use production functions and calculations to determine the optimal level of production, costs, and profit. It also provides a deeper understanding of how firms interact in varying markets (competitive, monopolistic, and oligopolistic).
COMPETENCY OBJECTIVES
Upon successful mastery of this competency, you will be able to:
- Demonstrate an understanding of how firms use production functions and calculate their optimal level of production, costs, and profits.
- Understand how firms interact in competitive, monopolistic, and oligopolistic markets.
FINC 305 – Fundamentals of Finance (3)
$25.00
The primary goal of financial management is to maximize the wealth of the company’s shareholders (owners) by causing the value of their company stock to increase. As a result, the ability to determine the market value of an asset or liability is an important element of finance. Valuation is the process of estimating what something is worth. Valuation is of critical importance when faced with investment and financing decisions.
Businesses must decide, for example, whether to invest in new technology or a new factory and how to raise money to pay for such investments (e.g., borrow money or sell company stock). Like businesses, individuals are faced with investment and financing decisions. For example, have you decided how much you need to save for retirement? Having a firm grasp of the fundamentals of finance will help businesses and individuals make these important decisions.
COMPETENCY OBJECTIVES
Upon successful mastery of this competency, you will be able to:
- Demonstrate an understanding of financial systems and the goals of the firm.
- Demonstrate an understanding of how to value bonds and stock
- Demonstrate an understanding of the relationship between risk and return.
- Demonstrate an understanding of the cost of financing, capital structure and dividends.
- Demonstrate an understanding of how to make decisions to invest in long-term assets (Capital Budgeting Decisions)
- Demonstrate an understanding of how to manage working capital.