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Intermediate Accounting II - Synicaal - 11-19-2016
Hello All,
First off sorry, I believe I have already posted something similar to this thread already. However, I am in need of taking this course soon and I haven't had any luck with my CC's allowing me to take it. They said that the manner I am earning Intermediate Accounting I for TESU they will not accept as the Pre-Req. I really want to take this course at a school but online course. I want to make sure I actually learn and not just "coast" through it. Does anyone know of an actual School that will allow me to take this course for a reasonable cost and not need the pre-req for it. One about I don't really want to take this through Penn Foster. I put out a Message to UAlbany to see if I can take it there but its doubtful. I also contacted Study.com to see if they could add this in the near future also.
Intermediate Accounting II - cannoda - 11-19-2016
Synicaal Wrote:Hello All,
First off sorry, I believe I have already posted something similar to this thread already. However, I am in need of taking this course soon and I haven't had any luck with my CC's allowing me to take it. They said that the manner I am earning Intermediate Accounting I for TESU they will not accept as the Pre-Req. I really want to take this course at a school but online course. I want to make sure I actually learn and not just "coast" through it. Does anyone know of an actual School that will allow me to take this course for a reasonable cost and not need the pre-req for it. One about I don't really want to take this through Penn Foster. I put out a Message to UAlbany to see if I can take it there but its doubtful. I also contacted Study.com to see if they could add this in the near future also.
What ARE you doing for Intermediate Accounting I? I don't see it in your signature.
Intermediate Accounting II - Synicaal - 11-20-2016
SL's Financial Accounting
Intermediate Accounting II - tesu-acct-student - 11-20-2016
Financial accounting is different from Intermediate Accounting I.
Intermediate Accounting II - ndelco - 11-20-2016
tesu-acct-student Wrote:Financial accounting is different from Intermediate Accounting I.
TESU brings in the SL ACC-151 Financial Accounting course as ACC-201 Intermediate Accounting I.
Thomas Edison State University Course Equivalency Guide | StraighterLine
Intermediate Accounting II - tesu-acct-student - 11-20-2016
ndelcollo Wrote:TESU brings in the SL ACC-151 Financial Accounting course as ACC-201 Intermediate Accounting I.
Thomas Edison State University Course Equivalency Guide | StraighterLine
Interesting. So then what do TESU accounting/business majors usually do for the financial accounting requirement?
Intermediate Accounting II - tesu-acct-student - 11-20-2016
Synicaal Wrote:... and not need the pre-req for it.
You will need the pre-req. The traditional sequence goes like this:
Financial accounting
Managerial accounting
Intermediate Accounting I
Intermediate Accounting II
I think it might be OK to take Managerial before Financial, but it's not OK to take Intermediate I before either of those two. I'm surprised that TESU accepts a Financial Accounting course as Intermediate I. That doesn't make sense to me. They actually are two very different courses, and students need to know the first two before diving into Intermediate I. TESU's equivalence there might be OK for any other business major, but I am not convinced that it makes sense for an accounting major. Unless there's something about SL's financial accounting that I don't know, which is possible since I haven't taken it. But just at face value, I question the wisdom of doing it that way for an accounting major. And naturally you had no idea so I hope this doesn't sound like I'm criticizing you. I'd just like to make sure that somebody who wants to be an accounting major really learns the foundational knowledge that will contribute to being a successful accountant.
I'm willing to be corrected. But I just decided to review the course description at SL, and now I am quite sure that it is not the same as Intermediate I. What we call "Financial Accounting" at the LL really means, Introduction to Financial Accounting or Principles of Financial Accounting. Intermediate I is more advanced topics in financial accounting, time value of money, and goes into more depth in certain areas of the balance sheet. Debits and credits and how they fit into the chart of accounts and balance sheet should be fully mastered before attempting Intermediate I. And those things are learned in Financial Accounting.
Can you take all four of those courses at your local CC? Does that fit with your timetable and budget?
Intermediate Accounting II - ajs1976 - 11-20-2016
SL has Accounting I which transfers as "Principles of" Financial Accounting and Accounting II which transfers are "Principles of" Managerial Accounting. TESUs transfers the higher level courses of Financial and Managerial Accounting as Intermediate I and Cost accounting.
Synicaal - look through the list of SL Partner schools. Maybe you will find a cheaper alternative there. I'm not familiar with most of the schools but APU is about $250 per credit and CSU-Global is $350 per credit.
Intermediate Accounting II - Synicaal - 11-20-2016
tesu-acct-student Wrote:Financial accounting is different from Intermediate Accounting I.
SL has Accounting I and Accounting II courses - Those transfer to TESU at The Financial and Managerial Accounting. I am doing my Financial and Managerial Accounting at my local CC. I'm doing SL's Financial and Managerial Accounting also which transfer in as Intermediate Accounting I and Cost Accounting. I'm doing Study.com's Applied Managerial Accounting and Advanced Accounting I. Also doing TESU's Federal Income Tax TECEP. That leaves the Intermediate Accounting II requirement. I am trying to find the best option for ME to take this course. This is how my AOS looks:
Intermediate Accounting I SLER ACC-201 LL
Intermediate Accounting II PENN ACC-202 LL
Applied Managerial Accounting STUDY ACC-301 UL
Cost Accounting SLER ACC-303 UL
Advanced Accounting I STUDY ACC-401 UL
Federal Income Tax (TECEP) TECEP ACC-421-TE UL
Intermediate Accounting II - cannoda - 11-20-2016
Synicaal Wrote:SL has Accounting I and Accounting II courses - Those transfer to TESU at The Financial and Managerial Accounting. I am doing my Financial and Managerial Accounting at my local CC. I'm doing SL's Financial and Managerial Accounting also which transfer in as Intermediate Accounting I and Cost Accounting. I'm doing Study.com's Applied Managerial Accounting and Advanced Accounting I. Also doing TESU's Federal Income Tax TECEP. That leaves the Intermediate Accounting II requirement. I am trying to find the best option for ME to take this course. This is how my AOS looks:
Intermediate Accounting I SLER ACC-201 LL
Intermediate Accounting II PENN ACC-202 LL
Applied Managerial Accounting STUDY ACC-301 UL
Cost Accounting SLER ACC-303 UL
Advanced Accounting I STUDY ACC-401 UL
Federal Income Tax (TECEP) TECEP ACC-421-TE UL
I would pay close attention to what tesu-acct-student has posted - it's absolutely correct.
I reviewed the syllabus for both the Straighterline Financial Accounting course and the Study.com Advance accounting course you have listed.
The Straighterline course does not come close to the depth of an intermediate accounting that an accounting major would take at a 4-year school. If UAlbany were to allow you to take their Intermediate II course with only the Straighterliine course as preparation, you would be utterly destroyed.
Study.com's advanced accounting course is far from the advanced accounting course that an accounting major would take for a bachelor's degree. This course would typically cover consolidated financial statements, foreign currency translation, transfer pricing and governmental-non-profit accounting.
If TESU accepts SL's Financial Accounting as Intermediate Accounting I and study.com's Advanced Accounting as meeting an advanced accounting requirement for a 4-year degree in accounting, it raises questions about the credibility of the process they use to determine course equivalencies.
I would advise you to look at the Intermediate Accounting I and II at LSU (is.LSU.edu). These courses cover the exact material that you would find in a traditional classroom and believe me, you would not be "coasting your way through" in these courses.