Accounting
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Associate in Applied Science (AAS) – HEGIS Code 5002
The Accounting program provides students with an accounting curriculum which places a strong focus on computer applications and problem solving in a group environment. Upon graduation, students should be prepared for a variety of career possibilities in which a thorough understanding of applications of the principles of accounting is essential. Graduates continuing their education may transfer credits to baccalaureate studies.
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Graduates of the Associate Accounting program should be able to:
- Explain pertinent ethical issues and the importance of ethical conduct in the accounting field.
- Use financial information to discuss financial statements in accordance with Generally Accepted Accounting Principles (GAAP).
- Apply introductory cost concepts to prepare internal & external financial reports.
- Utilize accounting and business software applications.
- Discuss & explain Federal tax concepts applicable to individual tax returns.
- Explain learned accounting concepts needed to complete a typical business accounting cycle.
Course No. | Semester Credits |
ACC107 | Financial Accounting I » | 3 |
Students taking Financial Accounting I will be involved in accounting theory and its applications. In addition, there will be an in-depth study of the nature of assets and liabilities such as cash, accounts receivable, accounts payable, short-term investments, inventories, plant and equipment, intangibles and the preparation of financial statements. During the semester, emphasis will be placed on journal entries, posting, preparation of month-end financial statements as well as closing and adjusting entries.
Number: ACC107
Credits: 3.00
Type: Accounting
ACC108 | Financial Accounting II » | 3 |
Students continuing onto Financial Accounting II will be focusing more on the topics in corporate accounting such as contributed capital, stock rights, convertible securities, retained earnings, and earnings per share. The course will also focus on procedures for a merchandising business, including accounts and notes receivable and interest, accounts and notes payable and interest, types of inventory systems, and inventory valuation, accounting for long-term assets and related depreciation methods. In addition, the course covers bond discounts and premiums, statements of cash flow, analyses of financial statements including comparative analysis and liquidity, profitability, and leverage measurement.
Prerequisite: ACC107 or permission to waive
Number: ACC108
Credits: 3.00
Type: Accounting
ACC127 | Spreadsheet Applications (Excel) » | 3 |
This course introduces Excel spreadsheet concepts using software in the Windows environment. Topics to be covered include: creating the Excel worksheet, formulas, functions, enhancing spreadsheets with graphs and charts, analyzing spreadsheet data (what–if analysis) and working with large worksheets.
Number: ACC127
Credits: 3.00
Type: Accounting
ACC131 | Computerized Accounting I » | 3 |
This course will enable students to apply their knowledge of accounting utilizing computer software. Students will use Sage 50 (Peachtree), QuickBooks and other software to perform general ledger, accounts receivable, accounts payable, inventory, job costs and payroll functions. In addition, students will complete an accounting practice set using the computer software for the purpose of an “on the job” simulation.
Prerequisite: ACC108 or permission to waive
Number: ACC131
Credits: 3.00
Type: Accounting
ACC206 | Federal Income Taxation » | 3 |
This course briefly reviews the history of taxation, tax legislation and research and covers the Internal Revenue Code and Regulations. Methods and forms required to complete tax returns are carefully examined and completed.
Prerequisite: ACC107 or permission to waive
Number: ACC206
Credits: 3.00
Type: Accounting
ACC211 | Intermediate Accounting I » | 3 |
This course presents an introduction to the basic concepts and principles of financial accounting and an in-depth analysis of the basic elements in accounting. Included are cash and investments, receivables, inventory and related financial statements, general valuation procedures, inventory estimating procedures and an overview of the accounting processes through problem solving.
Prerequisite: ACC108 or permission to waive
Number: ACC211
Credits: 3.00
Type: Accounting
ACC220 | Practical Applications in Accounting » | 3 |
This course will be taught with a hands-on approach. Students will learn to apply the concepts learned in Financial Accounting I through exercises based on typical applications and forms used in business and industry. Students will acquire, through simulated practice sets, the skills that will be needed in a real world work environment. Topics empha-sized will be payroll applications, inventory, depreciation valuations, adjusting and closing entries.
Prerequisite: ACC107 or permission to waive
Number: ACC220
Credits: 3.00
Type: Accounting
ACC221 | Cost Accounting I » | 3 |
This course is a study of the principles of cost accounting by elements: material, labor and overhead. Applications to modern manufacturing plants and other types of business enterprises are presented.
Prerequisite: ACC108 or permission to waive
Number: ACC221
Credits: 3.00
Type: Accounting
Total Accounting Credits | 24 |