Comprehensive Course Description List
ACCT 090 Introduction to Accounting
Prerequisites :None.Introduces the basic principles of accounting as utilized in a variety of office settings.Includes the principles of debit and credit,double-entry bookkeeping,use of journals,and analyzing transactions.Uses of ledgers,posting procedures,petty cash,bank-
ing procedures,payroll,depreciation,work sheets,balance sheets, and income statements are covered as well.
ACCT 101 Financial Accounting
TransferIN 3 Credits
Prerequisites:Demonstrated competency through appropriate assessment or earning a grade of“C”or better in ENGL 025,ENGL 032 and MATH 044 or MATH 015.Introduces the fundamental princi- ples, techniques,and tools of financial accounting.The development and use of the basic financial statements pertaining to corporations
both service and retail.
ACCT 102 Managerial Accounting TransferIN 3 Credits Prerequisites:ACCT 101. Emphasizes managerial accounting con- cepts, general versus cost accounting systems,cost behavior,cost- volume profit analysis,standard cost systems,responsibility accounting,incremental analysis,and capital investment analysis.
ACCT 105 Income Tax
Prerequisites:Demonstrated competency through appropriate assessment or earning a grade of“C”or better in ENGL 025,ENGL 032 and MATH 044 or MATH 015.Offers an overview of federal and state income tax law for individuals including taxable income,capi- tal gains and losses,adjustments,standard and itemized deduc- tions, tax credits and appropriate tax forms.Introduces tax concepts
needed by a sole proprietorship. ACCT 106 Payroll Accounting
Prerequisites:Demonstrated competency through appropriate assessment or earning a grade of“C”or better in ENGL 025,ENGL 032 and MATH 044 or MATH 015.Covers payroll calculating and reporting including various withholding taxes,employer payroll taxes,typical insurance and other arrangements affecting the preparation of payroll registers and employees’earnings records.
ACCT 109 Personal Finance
Prerequisites:Demonstrated competency through appropriate assessment or earning a grade of“C”or better in ENGL 025,ENGL 032 and MATH 044 or MATH 015.Examines the process of setting and achieving financial goals.Emphasizes managing financial resources,budgeting for current expenses,projecting cash flow and managing short- and long-term credit.Includes use of insurance to
ACCT 112 Managerial Accounting Application
Prerequisites:Program Advisor Approval.Presents a series of planned accounting learning problems and activities designed to accompany concepts and theories included in a Managerial
Accounting Application course. ACCT 118 Financial Concepts for Accounting
Prerequisites:None.Surveys the applications of mathematics to business and accounting activities.Includes a review of basic mathe- matical operations and their subsequent application to such com- mercial activities as payroll,consumer finance,business borrowing, inventory control,pricing,depreciation,and time value of money.
ACCT 122 Accounting Systems Applications
Prerequisites:ACCT 101.Solves accounting problems using software similar to what is currently used in business.Includes installation,oper- ation, and analysis of an accounting software package or packages.
ACCT 201 Intermediate Accounting I
Prerequisites:ACCT 102.Studies accounting principles and applica- tions at an intermediate level pertaining to the income statement and balance sheet,cash and cash equivalents,receivables,invento- ries, plant assets and intangible assets,current and contingent lia- bilities, corrections of errors,and statement of cash flows.Included are analysis of bad debts,inventory valuation,repairs and mainte- nance, depreciation of plant assets and present value applications.
ACCT 202 Intermediate Accounting II
Prerequisites:ACCT 201.Continues studies of Intermediate Accounting I and includes long-term investments,long-term debt, stockholders’equity,special accounting problems and analysis,and financial statement analysis.Also included are corporate capital and treasury stock transactions,dividends,earnings per share,account-
ing for income taxes,and creation of financial statements from
incomplete records. ACCT 203 Cost Accounting I
Prerequisites:ACCT 102. Examines the manufacturing process in relation to accumulation of specific costs of manufactured products. Studies various cost accounting report forms,material,labor control, and allocation of manufacturing costs to jobs and departments.
ACCT 204 Cost Accounting II
Prerequisites:ACCT 203.Studies the master or comprehensive budget, flexible budgeting and capital budgeting.Emphasizes tools for deci- sion- making and analysis.Introduces human resource accounting.
accounting records and management decision making,with topics including internal accounting records and quantitative business
ACCT 207 Accounting for Government and Nonprofit Entities I
Prerequisites:ACCT 101.Emphasizes the similarities and differences between government,nonprofit and commercial accounting meth- ods and procedures.Exposes students to the basic fund accounting
cycle for the general fund and other special funds. ACCT 208 Advanced Income Tax
Prerequisites:ACCT 101 and ACCT 105.Studies procedures and prob- lems pertaining to federal and state income tax laws for partner- ships and corporations.Includes a review and in-depth study of con- cepts related to proprietorships covered in Income Tax I.
ACCT 209 Auditing
Prerequisites:ACCT 201. Covers public accounting organization and operation including internal control,internal and external auditing, verification and testing of the balance sheet and operating accounts,
and the auditor’s report of opinion of the financial statements.
ACCT 212 Business Finance
Prerequisites:ACCT 101,BUSN 101 and MATH 111 or demonstrated competency through appropriate assessment or earning a grade of “C”or better in MATH 035 or MATH 043. Introduces tools and tech- niques of financial analysis.Financial analysis includes but is not lim- ited to use of ratios,common size statements,pro forma statements.
ACCT 213 Advanced Spreadsheets
Prerequisites:OFAD 218 and ACCT 102. Continues the study of elec- tronic spreadsheets in business.Emphasizes the advanced applica-
tion of electronic spreadsheets.
ACCT 217 Intermediate Accounting Applications I
Prerequisites:ACCT 102.Presents a series of planned accounting learning problems and activities designed to accompany concepts and theories included in ACCT 201.Uses computerized problems.
ACCT 218 Intermediate Accounting Applications II
Prerequisites:ACCT 102.Presents a series of planned accounting learning problems and activities designed to accompany concepts and theories included in Intermediate Accounting II.Uses computer- ized problems.
reduce risks and vehicles for saving and investing.
ACCT 206 Advanced Managerial Accounting
Prerequisites:ACCT 102.Provides an intermediate understanding of