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

You will learn:

  • Uses and limitations of accounting information
  • Types of business entities, internal controls, regulatory bodies, and more
  • The accounting cycle from transaction entry to preparation of financial statements
  • How to apply Generally Accepted Accounting Principles and Assumptions (GAAP) within accounting's overall framework
  • Interpretation and analysis of financial statements using ratio analysis

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.

Upcoming start dates

Oct. 12, 2021$25 + 400
Mar. 15, 2022$25 + 400




8 weeks

Faculty and course staff

Veena Srinivasan

Senior Lecturer,

W.P. Carey School of Accountancy

Arizona State University

Audrey Cook


W.P. Carey School of Accountancy

Arizona State University