11-20-2016, 03:15 AM
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?
BSBA/Accounting TESU (2016). MSA UIUC (2018).
Need help with portfolios? I earned 18 credits at TESU through portfolio evaluations. Nine of those were for upper level accounting courses. My advice for PLA/portfolios: TESU portfolio tips The first post has the Portfolio Checklist I created. Page ten has the actual narrative I wrote to receive credit for ACC-440.
Using Straighterline's Financial Accounting as a substitute for TESU's Intermediate Accounting I? Don't do it if you are an accounting major and/or want your CPA license. They are not the same course and I think TESU has erred in accepting the SL course as Intermediate I. I made this discovery here: Intermediate Accounting II.
Need help with portfolios? I earned 18 credits at TESU through portfolio evaluations. Nine of those were for upper level accounting courses. My advice for PLA/portfolios: TESU portfolio tips The first post has the Portfolio Checklist I created. Page ten has the actual narrative I wrote to receive credit for ACC-440.
Using Straighterline's Financial Accounting as a substitute for TESU's Intermediate Accounting I? Don't do it if you are an accounting major and/or want your CPA license. They are not the same course and I think TESU has erred in accepting the SL course as Intermediate I. I made this discovery here: Intermediate Accounting II.