OMFE 500: Introduction to Financial Account


70967 (for web registration)








Fall 2010

Meeting Schedule:



Competency Area: Finance & Economics
Fulfills requirement for meeting proficiency in financial accounting.

This self paced, self instructed online course will prepare students for the Finance I and II courses. Financial accounting helps students to meet organizational goals by identifying, measuring, analyzing, interpreting, and communicating information. In this course, students will be introduced to the basic language and concepts of financial accounting including the basic principles of accounting, the accounting cycle, ruling organizations, account definitions and classifications, entity types, the four financial statements, and CSR reporting. Students will use Excel to create financial statements including the balance sheet, income statement, and statement of cash flows.

This self paced course is offered on Sakai. It is designed in a series of modules. At the end of each module is a quiz that students must pass prior to proceeding to the next module. At the end of the course is a final exam. Students must get 80% or better to pass the course. Multiple resources and links will be available online so students will be able to navigate the course independently. This self paced course is available throughout the Fall 2010 semester, from September 1 through December 15. Final day to register for Section A (full course) is November 24. Course fee: $400.00. Final day to register for Section T (testing option) is November 24. Test only – $50.00.