Accounting

ACC-111 - INTRODUCTION TO ACCOUNTING

Lecture: 3

Credit: 3

An introduction to financial accounting theory and practice, with an emphasis on the accounting cycle and computer application thereof.  This course is designed for non-business majors.

ACC-131 - PRINCIPLES OF ACCOUNTING I

Lecture: 4

Credit: 4

This first course covering the principles of accounting introduces the basic terms, concepts, and procedures of the double-entry system of accounting. The course is intended for students who will major in accounting or have chosen a career which requires extensive use of accounting information. During the course, the focus will be on the completion of the accounting cycle, including the preparation of journal entries, posting to the ledger, and the preparation of adjusting entries, financial statements, and closing entries at the end of the accounting period. Specific attention will also be given to special journals and subsidiary ledgers, the information needed to account for merchandising businesses, and the special accounting procedures related to cash, receivables, payables, and systems of control. Prerequisite: A COMPASS Pre-Algebra score of 50 or higher, COMPASS Algebra score of 36 or higher, ACT Math score of 19 or higher, or equivalent AND COMPASS Reading score of 61 or higher, ACT Reading score of 15 or higher, or equivalent.

ACC-132 - PRINCIPLES OF ACCOUNTING II

Lecture: 4

Credit: 4

A continuation of Principles of Accounting I, the second principles of accounting course will proceed through the recognition, valuation, and financial reporting requirements for merchandise inventory, fixed assets, intangibles, payroll, current liabilities, and long-term liabilities, before looking at the specific accounting issues related to corporations and partnerships. The course will conclude with coverage of the Statement of Cash Flows and financial statement analysis. Prerequisite: ACC-131.

ACC-142 - FINANCIAL ACCOUNTING

Lecture: 3

Credit: 3

An introduction to financial accounting theory and practice with emphasis on the use and interpretation of financial statements.

ACC-146 - MANAGERIAL ACCOUNTING

Lecture: 3

Credit: 3

An introduction to managerial accounting and practice with emphasis on the sources and uses of data for decisions. Prerequisite: ACC-142.

ACC-161 - PAYROLL ACCOUNTING

Lecture: 3

Credit: 3

Payroll accounting emphasizes the methods of computing wages and salaries, the methods of keeping records, and the preparation of government reports. Extensive coverage of federal and state laws impacting payroll accounting is provided. During the course of the semester, students will explore numerous manual and computerized payroll systems.

ACC-231 - INTERMEDIATE ACCOUNTING I

Lecture: 3

Lab: 2

Credit: 4

This first course in Intermediate Accounting examines the generally accepted accounting principles applied in income determination and balance sheet presentation. The primary purpose is the preparation of financial statements in a meaningful, understandable and adequate manner for the external user. After a preliminary review of the basic accounting process, the content and format of the income statement and balance sheet, the course material will specifically consider the balance sheet classifications of cash, temporary investments, receivables, inventories, plant and intangible assets. Prerequisite: ACC-132 or ACC-142.

ACC-232 - INTERMEDIATE ACCOUNTING II

Lecture: 3

Lab: 2

Credit: 4

A continuation of ACC-231, this course will continue to examine the generally accepted accounting principles as applied to income determination and balance sheet preparation. The course will specifically consider the classification, recognition, and valuation of current liabilities, bonds and other long-term liabilities, stockholders’ equity, dividends, dilutive securities and their effect on earnings per share, leases, pensions, and income taxes. The course will conclude with coverage of the Statement of Cash Flows. Prerequisite: ACC-231.

ACC-261 - INCOME TAX ACCOUNTING

Lecture: 3

Credit: 3

Coverage of income tax returns for individuals, including filing requirements, gross income inclusions and exclusions, dependency requirements, itemized deductions, etc.

ACC-311 - COMPUTER ACCOUNTING

Lecture: 3

Credit: 3

Studies payroll records and payroll taxes imposed by state and federal agencies. The course will focus on computerized accounting records, including general ledger, accounts receivable, accounts payable, depreciation and payroll systems.

ACC-332 - COMPUTER ACCOUNTING - QUICKBOOKS

Lecture: 2

Credit: 2

This course is designed to apply the fundamental accounting principles in a computerized environment by using the text/workbook combined with computerized standard accounting software package. Also electronic spreadsheets will be explored. A prior knowledge of accounting is required and knowledge of Windows will be helpful. It is necessary that each student be able to set aside lab time to complete assignments, either in the computer labs or a similar computer with computerized standard accounting software package. Prerequisites: ACC-131, ACC-142.  Pre- or Co-requisite: ACC-111.

ACC-932 - INTERNSHIP

Lecture: 0

OJT: 16

Credit: 4

Accounting students who have completed the prerequisite courses may use this opportunity to gain practical experience in the field of accounting.  Student placement will vary, depending upon availability of internship positions.  The specific arrangements for the nature of the work and scheduling of contact hours will be made under the supervision of the employer.  Prerequisites:  ACC-132, ACC-806, CSC-110 and ENG-105

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