Accounting Course Descriptions

Lab Hours: 2. Credit Hours: 1.
This course is designed to enable mastery of the "touch system" on the ten-key calculator. Emphasis is placed on the "touch system"on the ten-key calculator. Upon completion, students should be able to use the "touch system" on the ten-key calculator in making computations necessary in accounting.
Prerequisites: None. Corequisites: None.

Class Hours: 3. Lab Hours: 2. Credit Hours: 4.
This course introduces basic accounting principles for a sole proprietorship. Topics include the complete accounting cycle with end-of-period statements, bank reconciliation, payrolls, and petty cash. Upon completion, students should be able to demonstrate an understanding of accounting principles and apply those skills to a business organization.
Prerequisities: None. Corequisities: None.

Class Hours: 3. Lab Hours: 2. Credit Hours: 4.
This course introduces business decision-making accounting information systems. Emphasis is placed on analyzing, summarizing, reporting, and interpreting financial information. Upon completion, students should be able to prepare financial statements, uderstand the role of financial information in decision-making and address ethical considerations.
Prerequisities: RED 080 or appropriate placement test score. Corequisities: RED 090 or appropriate placement test score.

Class Hours: 3. Lab Hours: 2. Credit Hours: 4.
This course includes a greater emphasis on managerial and cost accounting skills. 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.
Prerequisities: ACC 120. Corequisities: None.

Class Hours: 3. Credit Hours: 3.
This course covers computations necessary in accounting for various business transactions. Emphasis is placed on time value of money concepts and calculations needed for topics such as stocks and bonds, annuities, sinking funds, and amortization. Upon completion, students should be able to make computations necessary in accounting for transactions involving these topics.
Prerequisities: BUS 121 or MAT 115. Corequisities: None.

Class Hours: 2. Lab Hours: 2. Credit Hours: 3.
This course introduces the relevant laws governing individual income taxation. Emphasis is placed on filing status, exemptions for dependents, gross income, adjustments, deductions, and computation of tax. Upon completion, students should be able to complete various tax forms pertaining to the topics covered in the course.
Prerequisities: None. Corequisities: None.

Class Hours: 2. Lab Hours: 2. Credit Hours: 3.
This course introduces the relevant laws governing business and fiduciary income taxes. Topics include tax depreciation, accounting periods and methods, corporations, partnerships, S corporations, estates and trusts, and gifts. Upon completion, students should be able to complete various tax forms pertaining to the topics covered in the course.
Prerequisities: None. Corequisities: None.

Class Hours: 2. Lab Hours: 2. Credit Hours: 3.
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.
Prerequisities: None. Corequisities: None.

Class Hours: 1. Lab Hours: 2. Credit Hours: 2.
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.
Prerequisities: ACC 115 or ACC 120. Corequisities: None.

Class Hours: 3. Credit Hours: 3.
This course provides a working knowledge of computer spreadsheets and their use in accounting. Topics include pre-programmed problems, model-building problems, beginning-level macros, graphics, and what-if analysis enchancements of template problems. Upon completion, students should be able to use a computer spreadsheet to complete many of the tasks required in accounting.
Prerequisities: ACC 115 or ACC 120. Corequisities: None

Class Hours: 1. Lab Hours: 2. Credit Hours: 2.
This course introduces microcomputer applications related to 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 accoungting package to solve accounting problems. This course is offered only in a distant format (Internet).
Prerequisities: ACC 115 or ACC 120. Corequisities: None

Class Hours: 3. Lab Hours: 2. Credit Hours: 4.
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.
Prerequisities: ACC 121. Corequisities: None.

Class Hours: 3. Lab Hours: 2. Credit Hours: 4.
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.
Prerequisities: ACC 220. Corequisities: None.

Class Hours: 3. Credit Hours: 3.
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.
Prerequisities: ACC 121. Corequisities: None.

Class Hours: 3. Credit Hours: 3.
This course is designed to develop an appreciation for the uses of cost information in the administration and control of business organizations. Emphasis is placed on how accounting data can be interpreted and used by management in planning and controlling business activities. Upon completion, students should be able to analyze and interpret cost information and present this information in a form that is usable by management.
Prerequisities: ACC 121. Corequisities: None.

Class Hours: 3. Credit Hours: 3.
This course introduces principles and procedures applicable to governmental and not-for-profit organizations. Emphasis is placed on various budgetary accounting procedures and fund accounting. 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.
Prerequisities: ACC 121. Corequisities: None.