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...

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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.

In this course, you’ll be:

  • Executing arithmetic.
  • Identifying relevant equations.
  • Identifying values and their units.
  • Performing algebra to isolate quantities.
  • Understanding units.
  • Throughout the course, you’ll have success resources available, such as formula handouts.

Quick facts

Next start date:

Mar. 15, 2022

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

What you’ll learn

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

What to expect in class

Videos including concept animations, Module Introductions, lectures, Walkthroughs, and summaries, readings, quizzes, interactive assignments, and exams.

Exams and grading


CogBooks Learning (12)


Quizzes (12)


Day in the Life of Your Company (12 interactive assignments)

15% each

Exams 1 and 2


Exam 3 / 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.

This is a 3 credit hour course 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




Senior Lecturer,

W.P. Carey School of Accountancy

Arizona State University





W.P. Carey School of Accountancy

Arizona State University

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 degrees

Online BS Accountancy

Online BA Business (Corporate Accounting)

Online BA Business (Financial Planning)