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+--- Thread: TESC Fin Acct question (/Thread-TESC-Fin-Acct-question)
TESC Fin Acct question - adavis84 - 04-11-2015
In a previous thread I'd raised concerns about an anticipated course equivalency provided to me by TESC advisement. Others here were very helpful in pointing out that advisement makes approximations but the registrar needs to actually evaluate an official transcript before anything is final. With that in mind, I'd like to get opinions from people about another B&M course transfer equivalency. I'm certain this course will transfer as one of two courses, however I will not be able to have this course officially evaluated by TESC until I complete it in mid May. I would like to begin whichever of the two it isn't immediately with SL, hence my wanting to make the best guess as to which of the two this course will be.
TESC advising told me this course will transfer in as "Principles of Financial Accounting - ACC-101" (which is equivalent to SL's "Accounting 1"). However, after reviewing TESC and SL's course descriptions I'm wondering if this doesn't sound more like "Intermediate Accounting I - ACC-201" (for which TESC grants equivalency to SL's "Financial Accounting"). It seems to me that the course I'm taking is somewhat between the two.
Course Name:
Financial Accounting. (200 level course at local B&M CC)
Course Description:
"Accounting as a process of providing useful financial information to investors, creditors, managers and other users is explored in this course. Emphasis is on understanding the accounting process, financial statements, and the use and limitations of accounting information."
Because the description is a bit (too) short and sweet, I'm providing the course unit breakdown (presented in the syllabus) as well:
- Acct in Business (Accounting Equation, Uses of Financial Information).
- Analyzing and Recording Transactions
- Adjusting Accounts and Preparing Financial Statements (Including Balance Sheets, Income Statements, Statement of Cash Flows.)
- Reporting and Analyzing (R&A): Cash Flows (Direct and Indirect)
- Analyzing and Interpreting Financial Statements
- R&A: Merchandising Operations
- R&A: Inventories (Including Valuation Methodologies, Costing Methods)
- R&A: Cash and Internal Controls
- R&A: Receivables
- R&A: Long-Term Assets (Including Acquisition, Depreciation, Disposal)
- R&A: Current Liabilities
- R&A: Equity
I realize this is a lot of information for someone to sort through to produce what is, at best, a speculation (and a speculation that will have no bearing on the ultimate decision, at that). However, I would really appreciate any insight from someone more knowledgeable on the subject matter and/or TESC's tendencies. Thank you all in advance for any help!
Aside: This is all coming up because I've recently realized how many business courses I've already taken and how much I'm enjoying this accounting class. I'm very much considering a BSBA after/along with my BA NatSci/Math. I had originally planned on my second being a BA Communications because I'm done with the reqs for that except for the capstone and one interpersonal comm course, but I simply don't see how a BA Communications would benefit me. With a few more courses, I think the BSBA makes more sense for my career goals.
TESC Fin Acct question - cannoda - 04-11-2015
The course description and content describes a classic first course in financial accounting. This course would be a prerequisite for Intermediate Accounting.
TESC Fin Acct question - sanantone - 04-11-2015
If I had to guess, which I could be wrong, I would say the course would transfer in as financial accounting. TESC's evaluation of SL's Financial Accounting as Intermediate Accounting is an anomaly. I think they only did it because Accounting I and II were already evaluated as financial and managerial accounting.
TESC Fin Acct question - adavis84 - 04-12-2015
Exactly what I was looking for, thanks!
Since it sounds like this is going to be ACC-101, I'll take SL's Acc II next and then move on to their other acc courses.
I really appreciate the help!