Badge Overview

Foundations of Accounting  Foundations of Accounting

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Foundations of Accounting

Foundations of Accounting

Issued by Hood College

Badge Description

The Foundations of Accounting badge introduces leaners to the economic events that impact the accounting process, the basic accounting cycle, the preparation of the four primary financial statements, managerial accounting topics and the use of accounting in managerial decision making.

Skills Analytical Critical Thinking Communication Technical Literacy

Badge Criteria

This FOUNDATIONAL level badge is equivalent to a 3-credit, master's-level course. A final grade of B or better is required to earn this badge.

1. Demonstrate knowledge of financial accounting terminology. 2. Describe the steps of the accounting cycle. 3. Record the effects of transactions in accordance with generally accepted accounting principles. 4. Prepare and interpret profitability and solvency ratios. 5. Interpret the stockholders’ equity of a corporate balance sheet 6. Identify proper presentation and disclosure of data within the financial statements

Aligned Outcomes