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 to
use intern all y 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
