Fundamentals of Accounting
  • Type Certification
  • Level Intermediate
  • Time Months
  • Cost Paid
Additional Details

Fundamentals of Accounting

Issued by Oklahoma State Regents for Higher Education (OSRHE)

Earners of the Fundamentals of Accounting certification will demonstrate competency in the processes of using financial statements, balance sheeting, cash flow statements, and statements of retained earnings to record, summarize and report business transactions. Additionally, students will focus on the principles of cost accounting related to manufacturing and other enterprises as well as the use of management and cost accounting information in decision-making.

  • Type Certification
  • Level Intermediate
  • Time Months
  • Cost Paid
Additional Details

Skills

Earning Criteria

  • Achieve a grade of C or higher in ACCT 2013: Principles of Financial Accounting.
  • Achieve a grade of C or higher in ACCT 2023 Principles of Cost/Managerial Accounting.
  • Essentials of Cost and Managerial Accounting
  • Essentials of Financial Accounting
  • Earners will analyze economic events and prepare journal entries.
  • Earners will complete the corporate accounting cycle steps; value current and long-term assets; value current and long-term liabilities; prepare corporate financial statements.
  • Earners will calculate stockholder's equity; utilize financial information for decision-making; evaluate cost flows; develop managerial reports; analyze cost-volume-profit (CVP) effects.
  • Earners will develop comprehensive budgets; evaluate operational performance utilizing various techniques; and demonstrate capital budgeting techniques.
  • Earners will develop comprehensive budgets; evaluate operational performance utilizing various techniques; and demonstrate capital budgeting techniques.