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Course Description

This course will introduce students to the fundamental concepts and practices of Financial Accounting. Students are expected to become adept at performing the functions related to the accounting cycle, including the preparation of financial statements.

Note: This course can be taken individually or as a part of a certificate program.

What You'll Learn

By the end of the course, the learner should be able to:

  1. Perform all functions of the accounting cycle for a simple business, including:
    • Identify and measure transactions and other events
    • Prepare transactional, adjusting and closing journal entries 
    • Present the financial position, income, changes in equity and changes in cash flow
  2. Identify and explain the components of each of the financial statements.
  3. Apply financial statement analysis using common financial ratios to analyze and effectively communicate the condition of an organization’s liquidity, solvency and profitability; and
  4. Be aware of ethical issues and professional responsibilities in an accounting specific context.

Additional Requirements

Restriction(s): ACCT*2220. This is a Priority Access Course. Enrollment may be restricted to particular programs or specializations. See department for more information. Alternatively, Open Learning program Students may contact Counsellor@OpenEd.uoguelph.ca.

Applies Towards the Following Certificates

Technical Requirements

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*Course details are subject to change.

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Enrol Now - Select a section to enrol in
Section Title
Introductory Financial Accounting
Type
Online
Dates
May 08, 2025 to August 01, 2025
Contact Hours
36.0
Delivery Options
Online  
Course Fee(s)
Domestic Tuition Fee (0.5 units) $683.39 Click here to get more information
Domestic Tuition Fee - Non-Ontario (0.5 units) $780.10 Click here to get more information
International Tuition Fee (0.5 units) $3,544.80 Click here to get more information
Available for Credit
0.5 units
Reading List / Textbook

You may purchase your course textbook, or other required/supplementary reading and learning materials, from the University of Guelph Bookstore or the Guelph Campus Co-op Bookstore, or from another third-party seller. 

Section Notes

Note:  If you are in a degree program at the University of Guelph, please DO NOT register using the link above.  You must register through WebAdvisor.

 

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