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Course Materials

What You Should Already Know

There are no prerequisites for this course. The only thing you need to know at this point is basic addition and subtraction.

Learning Outcomes

This course will provide you with a basic understanding of what accounting is and will provide you with skills and the ability to learn more. At the end of this course, you will be able to do the following:

  1. Recognize attitudes and skills that will help you become successful in accounting and working with other people.
  2. Recite the three basic elements of the accounting equation and determine the basic foundation of accounting.
  3. Describe how a business transaction affects the accounting equation.
  4. Explain how to record a business transaction in a journal and post the journal to a ledger.
  5. Describe how to prepare, interpret, and explain the three basic financial statements.
  6. Demonstrate ways you can properly and safely manage cash, which is the most important thing a company owns.

Course Materials

The course content is sufficient for success in the course. You will need a basic-function calculator to practice what you have learned and to work out the problems.

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Course Organization

The course is made up of seven units and a final exam. Each unit has multiple lessons. There are Self Check questions at the end of the the discussion material for each lesson and a Quiz assignment at the end of each unit. Five of the seven units introduce terms that you will need to learn at the beginning of the unit.

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Self Checks

At the end of each lesson within a unit are several Self Check questions. These questions are not graded. They are used to help you better learn the material. If at any time you do not feel comfortable with your knowledge of the material taught in the lesson, review the material and retake the mastery questions. It doesn’t hurt to repeat a lesson at any time.

Unit Quizzes

At the end of each unit you will complete an assignment that will test your knowledge of the unit. All seven assignments will be graded. Each assignment contains twenty questions similar to the Self Check questions.

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The final exam is comprehensive with questions from each of the seven units. A detailed explanation of the final exam is included after the last unit.

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The following tables show the weight for each graded event and the grading scale used for this course.

Graded event Weight
Unit 1 Assignment 6%
Unit 2 Assignment 9%
Unit 3 Assignment 9%
Unit 4 Assignment 9%
Unit 5 Assignment 9%
Unit 6 Assignment 9%
Unit 7 Assignment 9%
Final Exam 40%
Grading Scale
A 100–93
A- 92–90
B+ 89–87
B 86–83
B- 82–80
C+ 79–77
C 76–73
C- 72–70
D+ 69–67
D 66–63
D- 62–60
E (fail) 59–below

Copyright Notice

The materials used in connection with this online course are only for the use of students enrolled in this course for purposes associated with this course and may not be retained or further disseminated. Any copying or further dissemination of these materials may be subject to applicable U.S. Copyright Laws. For questions or more information, please visit the BYU Copyright Licensing Office website.

“Members of the BYU community who willfully disregard this Copyright Policy or the BYU Copyright Guidelines place themselves individually at risk of legal action and may incur personal liability for their conduct. The unauthorized use or distribution of copyrighted material, including unauthorized peer-to-peer file sharing, may subject individuals to civil and criminal liabilities, including actual and statutory damages, costs and fees of litigation, fines, and imprisonment

Violations of the Copyright Policy may result in university disciplinary action including termination of university enrollment or employment.” (Emphasis added. Excerpt taken from the BYU Copyright Policy)

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Accessibility Notice

BYU is committed to providing a working and learning atmosphere which reasonably accommodates persons with disabilities who are otherwise qualified to participate in BYU's programs and activities. In this spirit, BYU Independent Study aspires to improve web accessibility for users. While not required by law, the Web Content Accessibility Guidelines (WCAG) 2.0 Levels A and AA provide a wide range of helpful recommendations to make Web content more accessible. BYU Independent Study strives to apply WCAG 2.0 recommendations where feasible, but may deviate from any recommendations that would result in an undue hardship to BYU Independent Study or alterations to program and course content and objectives. If you have questions about accessibility, or if you need to report problems with any accessibility features please see our Accessibilities and Accommodations Web Page.

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Course Policies

These policies are specific to this course. For additional information about general policies, please refer to Independent Study Course Policies page.


Summary: 7 computer-graded assignments, may be resubmitted once for a fee

Final Exam

Summary: 1 proctored computer-graded exam, may retake once for a fee, must pass to earn credit for the course

Course Duration

You have 1 year to complete this course. You may purchase one 3-month extension if you need more than a year to complete the course.

Getting Help

Please use the help menu in this course to contact Independent Study. You can find a list of free tutors available to BYU Independent Study students on the Free Tutoring Services website.

University Policy - Title IX Statement

Preventing & Responding to Sexual Misconduct

In accordance with Title IX of the Education Amendments of 1972, Brigham Young University prohibits unlawful sex discrimination against any participant in its education programs or activities. The university also prohibits sexual harassment—including sexual violence—committed by or against students, university employees, and visitors to campus. As outlined in university policy, sexual harassment, dating violence, domestic violence, sexual assault, and stalking are considered forms of "Sexual Misconduct" prohibited by the university.

University policy requires all university employees in a teaching, managerial, or supervisory role to report all incidents of Sexual Misconduct that come to their attention in any way, including but not limited to face-to-face conversations, a written class assignment or paper, class discussion, email, text, or social media post. Incidents of Sexual Misconduct should be reported to the Title IX Coordinator at t9coordinator@byu.edu or (801) 422-8692. Reports may also be submitted through EthicsPoint at https://titleix.byu.edu/report or 1-888-238-1062 (24-hours a day).

BYU offers confidential resources for those affected by Sexual Misconduct, including the university’s Victim Advocate, as well as a number of non-confidential resources and services that may be helpful. Additional information about Title IX, the university’s Sexual Misconduct Policy, reporting requirements, and resources can be found at http://titleix.byu.edu or by contacting the university’s Title IX Coordinator.