Financial Accounting

Take Financial Accounting online at your own pace.

Master the fundamental principles and procedures of the modern practice of accounting. You will gain practical experience with bookkeeping and preparing financial reports within the context of operating a sole proprietorship.

Financial Accounting course stats

• 83129 students successfully completed
• 85 partners accept credit transfer.*
• 3.0 semester credits
• Recommended for credit to the ACE® and DEAC college and university networks.
• Download Syllabus

Assignments & grading

This is a pass/fail course. You must complete 9 Challenges (formative assessments) and 5 Milestones (summative assessments) with an overall score of 70% or better.

Learning outcomes

At the end of the course, you'll be able to:

• Understand basic accounting principles and concepts.
• Prepare and interpret key financial statements.
• Record and analyze transactions specific to merchandising businesses.
• Understand and apply advanced accounting methods, including depreciation and inventory management.

FAQ

1. How many courses can I take with the free trial?
   Access the course content through the first Challenge of any of Sophia’s 80+ courses.
2. How do I confirm transfer credit with my school?
   Check Sophia’s list of partner schools to see if your school is on the list. If not, contact your registrar to learn about your school’s transfer credit policy and if Sophia coursework can be submitted for transfer.
3. Can I take courses for credit if I’m not enrolled at a school?
   Sophia course completions do not expire and will be available to submit for transfer when you’re ready. At that time, check with your school’s registrar for their credit transfer policies.
4. What happens to the coursework I’ve already completed once I become a Sophia member?
   If you’ve completed the first Challenge during your free trial, you can pick up right where you left off after you become a Sophia member.
5. What happens to my coursework if I cancel my Sophia membership?
   Don’t worry. Your completed courses won’t disappear if you cancel your membership. Those courses will be there for you when you’re ready to submit for transfer.
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