ACCOUNTING: Course Descriptions
- ACC 120 - Principles of Financial Accounting I
- This course introduces business decision-making using accounting information systems. Emphasis is placed on analyzing, summarizing, reporting, and interpreting financial information. Upon completion, students should be able to prepare financial statements, understand the role of financial information in decision-making and address ethical considerations.
- Course Hours Per Week: Class 3, Lab 2.
- Semester Hours Credit: 4.
- Prerequisites: Proficiency in reading or a grade of "C" or better in ENG 095.
- ACC 121 - Principles of Managerial Accounting
- This course is a continuation of accounting principles. Emphasis is placed on managerial accounting concepts for external and internal analysis, reporting and decision-making. Upon completion, students should be able to analyze and interpret transactions relating to managerial concepts including product costing systems.
- Course Hours Per Week: Class 3, Lab 2.
- Semester Hours Credit: 4.
- Prerequisite: Requires a grade of "C" or above in ACC 120.
- ACC 122 - Principles of Financial Accounting II
- This course provides additional instruction in the financial accounting concepts and procedures introduced in ACC 120. Emphasis is placed on the analysis of specific balance sheet accounts, with in-depth instruction of the accounting principles applied to these accounts. Upon completion, students should be able to analyze data, prepare
journal entries, and prepare reports in compliance with generally accepted accounting principles.
- Course Hours Per Week: Class 3, Lab 0.
- Semester Hours Credit: 3.
- Prerequisite: Requires a grade of "C" or above in ACC 120.
- ACC 131 Federal Income Taxes
- This course provides an overview of federal income taxes for individuals, partnerships, and corporations. Emphasis is placed on the application of the Internal Revenue Code to preparation of tax returns for individuals, partnerships, and corporations. Upon completion, students should be able to complete federal tax returns for individuals, partnerships, and corporations.
- Course Hours Per Week: Class 2, Lab 3.
- Semester Hours Credit: 2.
- Prerequisite: ACC 120 or permission of the instructor.
- ACC 140 - Payroll Accounting
- This course covers federal and state laws pertaining to wages, payroll taxes, payroll tax forms, and journal and general ledger transactions. Emphasis is placed on computing wages; calculating social security, income, and unemployment taxes; preparing appropriate payroll tax forms; and journalizing/posting transactions. Upon completion, students should be able to analyze data, make appropriate computations, complete forms, and prepare accounting entries.
- Course Hours Per Week: Class 1, Lab 2.
- Semester Hours Credit: 2.
- Prerequisites: ACC 120.
- ACC 150 - Accounting Software Applications
- This course introduces microcomputer applications related to the major accounting systems. Topics include general ledger, accounts receivable, accounts payable, inventory, payroll, and correcting, adjusting, and closing entries. Upon completion, students should be able to use a computer accounting package to solve accounting problems.
- Course Hours Per Week: Class 1, Lab 2.
- Semester Hours Credit: 2.
- Prerequisites: ACC 120 and CIS 110 or CIS 111.
- ACC 175 Hotel Restaurant Accounting
- This course covers generally accepted accounting principles and the uniform system of accounts for small hotels and motels of the American Hotel and Motel Association. Emphasis is placed on the accounting cycle, analysis of financial statements, and payroll procedures including treatment of tips. Upon completion, students should be able to demonstrate competence in the accounting principles and procedures used in hotels and restaurants.
- Course Hours Per Week: Class 3, Lab 2.
- Semester Hours Credit: 4.
- Prerequisite: None.
- ACC 220 - Intermediate Accounting I
- This course is a continuation of the study of accounting principles with in-depth coverage of theoretical concepts and financial statements. Topics include generally accepted accounting principles and statements and extensive analyses of balance sheet components. Upon completion, students should be able to demonstrate competence in the conceptual framework underlying financial accounting, including the application of financial standards.
- Course Hours Per Week: Class 3, Lab 2.
- Semester Hours Credit: 4.
- Prerequisite: ACC 121
- ACC 221 - Intermediate Accounting II
- This course is a continuation of ACC 220. Emphasis is placed on special problems which may include leases, bonds, investments, ratio analyses, present value applications, accounting changes, and corrections. Upon completion, students should be able to demonstrate an understanding of the principles involved and display an analytical problem-solving ability for the topics covered.
- Course Hours Per Week: Class 3, Lab 2.
- Semester Hours Credit: 4.
- Prerequisite: ACC 220
- ACC 225 - Cost Accounting
- This course introduces the nature and purposes of cost accounting as an information system for planning and control. Topics include direct materials, direct labor, factory overhead, process, job order, and standard cost systems. Upon completion, students should be able to demonstrate an understanding of the principles involved and display an analytical problem-solving ability for the topics covered.
- Course Hours Per Week: Class 3, Lab 0.
- Semester Hours Credit: 3.
- Prerequisite: ACC 121