ACC 310F - Foundations of Accounting

Course Number Course Title Day & Time Course Fee Register
ACC 310F Foundations of Accounting Online $895.00
Course Type:
Self-Paced Online
Description:

This course provides an introduction to financial and managerial accounting, with emphasis on the content, interpretation, and uses of accounting reports. It discusses the determination and reporting of net income and financial position, and the theories underlying business financial statements; and consideration of managerial accounting topics designed to extend the student's knowledge to the planning and controlling of the operations of the firm.

Upon successful completion of this course, each student will be able to:

  • Demonstrate an understanding of the role of accounting and its importance in making effective and informed business decisions
  • Demonstrate an understanding of the three main financial statements
  • Demonstrate an understanding of the basics of accrual accounting
  • Apply forecasted financial statements to a business plan in order to help secure funding for a business venture

View syllabus.

This course is independent study and is self-paced. Students have five months upon registration in which to complete all coursework and exams.

Textbooks and Materials:

All materials for this course (readings, cases, practice problems and quizzes, etc.) have been embedded electronically within the UT Canvas learning management system. Before you can access the materials, you must pay for your materials via a portal within the course (cost is approximately $100). No additional bookstore fees are required.

Technical Requirements:

Students are required to use a laptop or desktop computer with a high-speed internet connection. Tablets and smartphones are not supported. The computer should have a modern and updated operating system, at least 2GB of RAM and also meet Proctorio’s system requirements for online testing.

Official UT Austin Description:

An introduction to financial and managerial accounting, with emphasis on the content, interpretation, and uses of accounting reports. Discussion of the determination and reporting of net income and financial position, and the theories underlying business financial statements; consideration of managerial accounting topics designed to extend the student's knowledge to the planning and controlling of the operations of the firm.

May be counted towards the quantitative reasoning flag requirement.

Prerequisites:

None.

Students should contact the University Extension advisor with any questions about prerequisites or placement in our courses. All students should contact their academic advisor with any questions about how this course fulfills their degree requirements.