principles of accounting 1 online course

Principles of Accounting 1 is a friendly course to introduce you to accounting in a way that is relevant to your own life. This course gives you an introduction to financial information and terminology, important skills and insights for making informed decisions about your money. The Principles of Accounting 1 is an on-demand accounting course from the world’s largest education provider. You’ll receive a complete overview of the accounting cycle and learn about revenue, expenses, and cash flow. Simply put, this course will make you a better accountant!

Principles of Accounting I – Financial (ACCT 2301)

Credits: 3, Lecture Hours: 3, Lab Hours 0

Pre-Requisites: TMTH 0114

Co-Requisites: None

Description: This course is an introduction to the fundamental concepts of financial accounting as prescribed by U.S. generally accepted accounting principles (GAAP) as applied to transactions and events that affect business organizations. Students will examine the procedures and systems to accumulate, analyze, measure, and record financial transactions. Students will use recorded financial information to prepare a balance sheet, income statement, statement of cash flows, and statement of shareholders’ equity to communicate the business entity’s results of operations and financial position to users of financial information who are external to the company. Students will study the nature of assets, liabilities, and owners’ equity while learning to use reported financial information for purposes of making decisions about the company. Students will be exposed to International Financial Reporting Standards (IFRS).

CCT 1004: Principles of Accounting 1

Delivery Method: Fully Online – Asynchronous

Course Description

This course introduces the student to the Principles of Accounting, and includes an exploration of the underlying concepts that guide the preparation of accounts for individuals and organizations. It is designed to teach the student, regardless of program destination, an essential life skill – an understanding of Net Worth, and its importance to business success and the financial well being of the individual.

How To Enrol

Many courses, including Continuing Education and some courses from Post-Secondary and Graduate Certificate programs have an online registration process.

  • Whether you are a previous Fanshawe student or new to Fanshawe, you will be able to complete your registration for these courses online.  Choose your course or program, the delivery method (e.g. Online, Blended, In-Class, etc) and start date and time. Click the Register Now Button.  You will be prompted to confirm you course selection, enter your personal information and complete your payment.  We accept Visa and Mastercard payments for our online course registration.  Confirmation of your registration and your payment will be sent to you by email.

Courses from Post-Secondary and some Graduate Studies programs, may require admission to a program before course enrolment may be completed.  Please contact the Office of the Registrar for information on how to proceed.  Our customer service representatives will be happy to assist you.

We recommend you include the course number in the subject line and a phone number where we can reach you between 8:30 am and 8:00 pm Monday to Thursday or 8:30 am and 4:00 pm on Friday.  A customer service representative will contact you within one business day.

In Person Registration is also offered for our part-time courses. 

  • For Continuing Education, please visit any of our campus locations to complete your registration in person.
  • Registrations for Post-Secondary courses are completed at the London Campus only.

For Campus information and locations Click Here

Are you currently enroled at an Ontario college or university?

Users with profiles will be able to see available information from their institution regarding transfer credits. To create a profile please follow this link

Alternatively, you may also use the dropdown list below to select your institution in order to see specific information about how to transfer credits for online courses taken from other institutions.Please select your institutionPlease select your institutionAlgoma UniversityAlgonquin CollegeBrock UniversityCambrian CollegeCanadore CollegeCarleton UniversityCentennial CollegeCollège BoréalConestoga CollegeConfederation CollegeDurham CollegeFanshawe CollegeFleming CollegeGeorge Brown CollegeGeorgian CollegeHumber CollegeKenjgewin TegLa Cité CollegeLakehead UniversityLambton CollegeLaurentian UniversityLoyalist CollegeMcMaster UniversityMohawk CollegeNiagara CollegeNipissing UniversityNorthern CollegeOCAD UniversityOntario Tech UniversityOshiki-Wenjack Oshiki-Pimache-O-WinOtherQueen’s UniversityRoyal Military College of CanadaRyerson UniversitySault CollegeSeneca CollegeSeven Generations Education InstitutionSheridan CollegeSix Nations PolytechnicSt. Clair CollegeSt. Lawrence CollegeTrent UniversityUniversité Saint-PaulUniversity of GuelphUniversity of OttawaUniversity of TorontoUniversity of WaterlooUniversity of WindsorWestern UniversityWilfrid Laurier UniversityYork University

Credit Transfer Options

If you are a student at one of the institutions listed below, you may be eligible to receive credit. Please note: LearnOnline is not an official resource for how courses transfer from one institution to another. Your grades and, in some cases, the program you are pursuing will be taken into consideration by your college or university. Keep in mind that this is not an exhaustive list. You may want to check with the appropriate person at your institution regarding courses that are, or are not, listed here. Don’t forget: you should always confirm credit transfer information with your institution before finalizing your enrolment. (* indicates online course)

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