ACC 111 FINANCIAL
ACCOUNTING
T Summer/Fall/Spring
This
course presents accounting as an information system that produces basic
financial statements, such as Income Statement, Statement of Owner's Equity,
Cash Flows Statement, and Balance Sheet,
primarily for external users of the business.
Students study sole proprietorship, partnership, and corporation
ownership and journal transactions as they relate to business. The main content emphasis will be accounting
for current assets and liabilities, long-term assets and liabilities,
corporations' cash flow statements, and financial statement analyses. The accountant's role of analyzing and
interpreting data for decision-making is also included.
Credit: 4 hours - Four lecture hours per week.
Prerequisite(s): High School Bookkeeping or Bookkeeping-BUS
124
ACC 112 MANAGERIAL
ACCOUNTING
T Summer/Fall/Spring
This
course presents accounting as a system of producing information use internal
use in managing a business. Planning,
controlling, and evaluating the performance of the separate components of a
business are emphasized through the identification, accumulation, and
interpretation of data. Identification
and measurement of the costs of producing goods and services is analyzed and
means of controlling these costs are studied.
Decision models used in making short- and long-term business decisions
are included in the course of study.
Credit: 4 hours - Four lecture hours per week.
Prerequisite(s): Financial Accounting-ACC 111
ACC 121 PAYROLL
ACCOUNTING
Spring
This
course involves the calculation of earnings whether hourly, piece rate,
commission, weekly, or salary, computation of employee taxes such as FICA,
federal, and state, and computation of employer taxes such as FICA, FUTA, and
SUTA. Other topics covered include
overtime calculations, reporting forms to the government, and computerized
payroll. Students will complete a
payroll simulation.
Credit: 2 hours - Two lecture hours per week.
Prerequisite(s): High School Bookkeeping or Bookkeeping-BUS
124
ACC 199 ACCOUNTING
INTERNSHIP
Summer/Fall/Spring
This
course is designed to provide employment experience in a position that will
utilize the specialized skills of the student enrolled in the Accounting
program. Each student is required to
complete 150 contact hours at an approved
worksite during the semester.
Credit: 2 hours — Ten lab
hours per week.
Prerequisite(s): Career Development - INT 111 and Instructor's
Approval.
ACC 213 COST ACCOUNTING
T Fall
Job
order, process, just in time, cost-volume-profit relationships, variable
costing, profit planning, standard costs, performance measures, flexible
budgets, overhead analysis, segment reporting, and profitability analysis are
areas of study.
Credit: 3 hours - Three lecture hours per week.
Prerequisite(s): Managerial Accounting-ACC 112
ACC 223 TAX ACCOUNTING
Spring
The
study of tax accounting includes tax responsibilities of individuals,
partnerships, and corporations; income inclusions and exclusions; capital gains
and losses; business and personal deductions; dividends, inventories, and
depreciation; special filings; death, gift, trust, and estate taxes, and
planning for tax minimization.
Credit: 3 hours - Three lecture hours per week.
Prerequisite(s): Financial Accounting-ACC 111
ACC 224 COMPUTERIZED
ACCOUNTING APPLICATIONS
Fall/Spring
This
course makes use of computers in the accounting process. A commercial accounting software package is used. Accounts payable,
accounts receivable, payroll, cash receipts, cash payments, and general ledger
modules are completed.
Credit: 3 hours -
Two lecture and two lab hours per week.
Prerequisite(s): Financial Accounting-ACC 111
