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Courses Descriptions and Outlines:
This course covers fundamental accounting terminology and techniques that are used in the business environment. The course will help students develop basic financial and analytical skills that will allow them to understand and evaluate accounting data. Topics include: generally accepted accounting principles, the accounting cycle, financial statements, accrual accounting, internal controls, inventory, and cost behavior. This course may be used as a foundation course for ACCT 2217, Financial Accounting. (Prerequisites: None). (3 C).
This course is specifically designed to provide students with an understanding of the budgeting process, cost behaviors and the use of budgets to control operations. The purpose and linkages of primary financial statements, identification and use of relevant nonfinancial measurements, key performance indicators, budget planning and control methods, and techniques to evaluate potential capital investments will be covered. These skills are essential for supervisors to be able to understand the role of budgeting in management decision making and to make informed budgetary and cost control decisions. (Prerequisites: None). (2 C/2 lect, 0 lab).
This course is designed to provide basic mathematical skills needed to make calculations relative to computing percentages, commissions, interest, promissory notes, discounts, markup, simple interest, payroll and bank reconciling. Additionally, this course covers development of the touch system on desk calculator keyboards and microcomputer number pad keyboards. Students will develop speed and accuracy using the touch system for the four basic arithmetic operations and solving business problems. (Prerequisites: None). (3 C).
This course provides a study of the various state and federal laws pertaining to payment of salaries and wages. This includes preparation of employment records, payroll registers, employee earnings records, time cards, and state and federal reporting requirements. (Prerequisites: ACCT 1810 or ACCT 2217 or consent of instructor). (3 C).
This course is the study of assets, liabilities and owner's equity in the preparation and use of financial statements. The accounting cycle is covered for a service and merchandising business. Additional topics include accruals and deferrals, revenues, expenses, internal control, inventory, payroll, and fixed assets. Interpreting financial statements for corporations will be emphasized. (Prerequisites: None). (4 C/4 lect).
This course consists of analyzing and preparing reports for internal use in the company's manage decision-making process. This course contains a study of cash flow and managerial accounting principles including cost behavior, job order costing, process costing, cost-volume-profit relationships, standard costs, budgets, break-even, and differential analysis. Managerial accounting emphasizes accounting concepts required in the strategic decision making process. Managerial Accounting is a continuation of Financial Accounting in the study of accounting. (Prerequisites: ACCT 2217 or consent of instructor). (4 C/4 lect).
This course covers the basic structure of integrated computerized accounting software. This software will perform basic accounting functions; i.e., general ledger, accounts receivable, accounts payable, payroll, depreciation, adjusting entries, end of year closing entries, and financial statements and analysis. Additionally, there is an introduction to creating and enhancing worksheets and charts using spreadsheet software. (Prerequisites: ACCT 2217 or consent of instructor).
This course covers the use of spreadsheet software to solve accounting related problems. Topics include designing, creating and enhancing worksheets and charts, using formulas and functions to perform calculations and storing, printing and retrieving files. (Prerequisites: ACCT 2217 or consent of instructor).
This course covers the various state and federal law pertaining to the computation and payment of salaries and wages. Topics include preparation of employment records, payroll registers, time cards, employee earning records and state and federal reports. Additionally there is an introduction to database software. (Prerequisites: consent of instructor). (3 C).
Students will explore international accounting and business practices through an international study abroad experience. The course will cover international reporting standards and how they differ from the United States generally accepted accounting principles. The course will focus on different user needs and how reporting and business models are different. Topics will include cash flow, revenue recognition, governmental reporting requirements, and cultural differencing that influence decision-making. (3 C/ 3 hours per week plus international trip).
This intermediate-level course builds on the material covered in the Financial Accounting and Managerial Accounting courses. The objective is to reinforce students' understanding of the principles and concepts that are fundamental to financial reporting and expand on their importance in a workforce where details are frequently changing. A deeper level of understanding of the qualitative characteristics of accounting information, income statement, statement of financial position, statement of retained earnings and the statement of cash flows will be applied. Particular emphasis is on the revenue and matching principles as they relate to revenue and expense recognition. Generally accepted accounting principles will guide the preparation, analysis, and interpretation of statements, focusing on the users and the usefulness of the information to make decisions. (Prerequisite: ACCT 2218 or consent of instructor). (4 C).
This course covers the set up and use of commercial integrated general ledger software. This includes the functions of general ledger, accounts receivable, accounts payable, payroll, job cost, time and billing, adjusting and closing entries, financial statements, and electronically transferring information for management reporting. Additionally there is an introduction to database and income tax preparation software. (Prerequisites: ACCT 2234 and ACCT 2218 or concurrent enrollment or consent of instructor).
This course covers an explanation and interpretation of the Internal Revenue Code as it applies to an individual income tax return. Topics include the tax formula, filing requirements, filing status, exemptions, gross income inclusions and exclusions, capital gains and losses, deductions for adjusted gross income, itemized deductions, business income and expenses, cost recovery, tax credits and property transactions. (Prerequisites: ACCT 2218 or consent of instructor). (4 C).
This course covers accounting for materials, labor and factory overhead in a manufacturing entity. Areas emphasized include job order costing, process costing, standard costing, (ABC) activity based costing, joint cost allocations, CVP analysis, and the implementation of quality concepts. These topics require that students perform accounting procedures to accumulate and record the cost data typical of a business environment. (Prerequisites: ACCT 2218 or consent of instructor). (3 C).
This course is a continuation of accounting for materials, labor and factory overhead and how accounting data and concepts can be interpreted and applied by management in planning and controlling business operations. Topics include the master budgeting process, standard costs, differential costs/revenues, responsibility accounting, department allocations and inventory and production management. Students are required to perform accounting procedures to accumulate and record the cost data typical of a business environment. Cost-profit-volume relationships, capital investment analysis and relevant decision-making topics require the development of analytical and decision making skills used in business. (Prerequisites: ACCT 2861 or consent of instructor). (3 C).
This course uses application software to develop ways to process information for a business. Students will study, research, report and present information on various advanced accounting topics. Research will include sources, such as, various accounting boards, associations, and publications and where possible will be obtained using the internet. Presentation software will be used to present the information. (Prerequisites: ACCT 2821 and ACCT 2836 or consent of instructor). (3 C).
Last Updated: October 7, 2014