Course Description

This introductory course covers fundamental principles and procedures of financial accounting. It is designed to meet the needs of those wishing to concentrate on accounting. Emphasis is on developing the technical procedures of the accounting cycle, including journalizing, posting, adjusting entries, closing procedures, and preparing the four financial statements (i.e., balance sheet, income statement, statement of cash flow, and statement of stockholders' equity) and understanding the basics of the accounting for certain balance sheet accounts.

Successful completion of this course, or equivalent professional experience, will prepare students to enroll in Intermediate Accounting I, Financial Statement Analysis and Managerial Accounting.

Learner Outcomes

  • Prepare and demonstrate the four key financial statements: balance sheet, income statement, statement of cash flow, and statement of stockholders’ equity
  • Analyze transactions
  • Describe accrual accounting concepts and adjusting processes
  • Complete the accounting cycle
  • Identify and explain accounting systems, internal controls, and special journals
  • Summarize cash handling rules
  • Understand the accounting for receivables
  • Perform the accounting related to long-lived assets, liabilities, and equity

Applies Towards the Following Certificates

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6:00PM to 7:30PM
Jun 26, 2024 to Sep 04, 2024
Web-based Instruction
Schedule and Location
Contact Hours
  • Web-based Instruction
Delivery Options
Course Fee(s)
Course Fee credit (4 units) $685.00
Available for Credit
4 units
Section Notes

Steps to Enroll

How to Access Your Online Course on Canvas

Late Registrations Notice: 

Self-enrollment will be available until 11:59 PM PT of the second business day after the 1st class session (i.e. If the first class starts on Thursday, self-enrollment is open until the following Monday at 11:59 pm).  If you wish to enroll after that time, please contact PaCE Support at help@professional.ucsb.edu

Required Textbook(s):
Students are required to purchase the textbook(s) assigned by the instructor. The instructor will provide details to the class prior to the course start date.

No refunds after 07/07/24
A minimum $40 non-refundable administrative fee per course is charged for all drops. See the full Drop Policy here.