Online Accounting for Business

ACC 231 - Uses of Accounting Information I


Are you interested in business and its financial aspects? This course introduces the uses of accounting information throughout the business cycle and how accounting information is used for internal and external purposes. Topics include Generally Accepted Accounting Principles or GAAP and the preparation and analysis of financial statements. Opportunities to apply concepts with hands-on practice are integrated throughout the course. In addition, the course's content is adaptive, allowing you to achieve mastery of the concepts on a personalized learning path. Focused on decision-making and the role of accounting in the decision-making process, this course's topics are applicable not only to business but to any situation that utilizes financial information.

Course prerequisites and requirements

To be successful in this course, we recommend English language fluency and computer literacy. We also encourage you to make sure your laptop or desktop computer meets the technical requirements.

CIS 105 Computer Applications and Information Technology is strongly suggested as a prerequisite for success in this course.

Quick facts

Next start date:

Oct. 15, 2024 (8 weeks)

  • Credits: 3
  • Length: 8 weeks
  • Cost: $25 + $400

What you’ll learn

  • Explain the uses and limitations of accounting information
  • Distinguish between types of business entities, internal controls, and regulatory bodies
  • Complete the steps of the accounting cycle from transaction entry to preparation of financial statements
  • Apply Generally Accepted Accounting Principles and Assumptions (GAAP) within the overall accounting framework
  • Interpret and analyze financial statements using ratio analysis

What to expect in class

Interactive assignments, videos including concept animations, lectures, animated walkthroughs, and key concept summaries, readings, quizzes, relevant real-world illustrations, peer discussion opportunities, practical learning activities simulated as a “Day in the Life of Your Company” and exams

Exams and grading


CogBooks Learning (12)


Interactive Assignments (12)


Quizzes (12)


Exam 1


Exam 2


Final Exam


This course appears on your transcript identically to how it appears on the transcript of an enrolled ASU student who has taken the course on one of ASU’s campuses. Course attendance dates will be listed on your transcript. A self paced course will appear on your transcript in the session you complete the course.

This course satisfies 3 credit hours at Arizona State University. It is strongly encouraged that you consult with your institution of choice to determine how these credits will be applied to their degree requirements prior to transferring your credit.

Faculty and course staff




Teaching Professor,

School of Accountancy

Arizona State University

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Assistant Teaching Professor,

School of Accountancy

Arizona State University

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Why take ASU Universal Learner Courses

  1. Credit you receive is from a regionally accredited university
  2. Your credit is highly transferable
  3. You only pay the $400 course cost if you pass

Related programs

Online BS Accountancy

Online BA Business - Corporate Accounting

Online BA Business - Financial Planning