14 courses with the subject ACCT, each shown exactly as we captured it from the college's catalog, with every element we hold. Where the wording looks broken, that is our reading of the catalog, not the college's text.
ACCT 1010Principles of Financial Accounting I4
This course covers the fundamental accounting concepts and principles which are used in a business environment to provide reports on the economic condition of a sole proprietor organization. The focus will be on the accrual method of accounting, utilizing Generally Accepted Accounting Principles (GAAP) to analyze and record transactions. The ultimate objective is to understand the effects of these transactions in order to provide timely and relevant information in the form of financial statement. This course provides detailed information on topics of the accounting cycle, journalizing, posting, trial balances, adjusting entries, financial statements, cash reconciliations and internal control. Learning Outcomes Journalize and post transactions for business understanding the concepts of debit and credit. Balance the accounting equation and understand its component parts. Understand ethical and internal control issues pertaining to business. Prepare financial statements and evaluate financial performance. Understand “generally accepted accounting principles-GAAP” used in accrual accounting for revenue and expense recognition in business. Complete the accounting cycle and application to period close.
Prerequisites ACCT 1010 This course covers the accounting concepts and principles which are used in a business environment to provide reports on the economic condition of a partnership and corporate organization. The focus will be on the accrual method of accounting, utilizing Generally Accepted Accounting Principles (GAAP) to analyze and record transactions. This course provides detailed information on topics of fixed assets, liabilities, forms of organization, investments, cash flow statements, and financial statement analysis. Learning Outcomes Determine current and long-term liabilities. Demonstrate an understanding of valuation and reporting of investments. Understand cost recovery of fixed asset and expensing methods. Define partnerships and limited liability company organizational forms and accounting entries required. Analyze and understand complex cash flow statements. Complete financial statement analysis and evaluate financial performance. Understand the corporate structure and the equity accounting entries required.
This course is an introductory course in the principles of law as they apply to citizens and business and emphasizes the importance of ethics in business. This course is intended to give students a basic knowledge of business law and the decisions required which affect how business is conducted. Focus is given to the sources of law, legal reasoning, legal procedures, torts, contracts and e-contracts, the sale of goods under the uniform Commercial Code, unfair competition, consumer protection sales and lease contracts, and negotiable instruments. Learning Outcomes Identify legal issues that arise in everyday business scenarios. Differentiate between negotiable and nonnegotiable instruments and describe banking responsibilities in business transactions. Knowledge of the sources of law and its business applications. Demonstrate knowledge of business law and ethical decision making. Recognize how the Uniform Commercial Code applies to sales and lease contracts. Understand the law of contracts.
This course introduces students to the mathematical concepts and applications necessary for successful accounting careers. The focus is on business and financial operations with a strong emphasis on problem solving. Topics will include basic algebra, cash and trade discounts, markups and markdowns, simple and compound interest, present values and future values of annuities. Learning Outcomes Ability to calculate both present and future values using tables, formulas, and/or functions. Solve basic math problems using whole numbers, fractions, decimals, percentages, and equations. Knowledge of simple interest and compound interest calculations and formulas. Calculate cash and trade discounts along with markups and markdowns. Demonstrate knowledge of business mathematics concepts and terminology. Analyze problems in business and accounting to determine appropriate methods for solving.
Prerequisites ACCT 1010 This course covers the various payroll procedures of federal laws pertaining to computation and payment of salaries and wages, and the reporting requirements for various state and federal agencies. Topics include coverage of the Federal Fair Labor Standards Act and other federal laws, preparation of journal entries, payroll registers, and employee earnings records, calculation of social security and federal income tax withholding, coverage of state and federal unemployment compensation taxes, preparation of federal and state payroll tax forms and reports, and knowledge of federal payroll tax deposit requirements. Learning Outcomes Compute withholdings for federal and state income tax, social security tax, and other items such as health insurance premiums, savings bonds and union dues. Prepare federal forms 940, 941 and Schedule B, W-2, W-3 and W-4. Outline the major provisions of the Fair Labor Standards Act. Using a variety of methods, calculate employee gross wages including regular and overtime pay. Calculate and record employer’s payroll tax expenses including employer’s FICA and unemployment taxes. Prepare payroll registers, employee earnings records, and journal entries to record payrolls. Identify and analyze federal payroll laws pertaining to payroll activities.
This course provides instruction in the concepts, procedures, and application of electronic spreadsheets for accounting application. Topics include managing multiple-sheet spreadsheets, creating and using charts and graphs, creating complex formulas,and creating and printing reports. Course will prepare students for the Microsoft Specialist Certification exam. Learning Outcomes Perform operations by using formulas and functions along with other data analysis tools. Develop effective charts and graphs for visual data presentation. Create, format, and customize worksheets and workbooks. Customize page layout for printing. Create and manage data tables as well as pivot tables and charts. Manage and format data cells and ranges and summarize data visually.
This course focuses of the Internal Revenue Code as it applies to individuals and businesses. Topics include foundations and concepts of tax law, income and deductions, calculating taxable income and income tax, and business income and deductions including depreciation. Preparation of tax forms on income tax software is an integral part of this course. Learning Outcomes Calculate adjusted gross income, taxable income, and income tax. Research and prepare income tax returns using computerized software. Determine “for” and “from” deductions. Differentiate between taxable and pass-through entities. Understand fundamental tax law and concepts. Determine income and deductions for business, including depreciation calculations. Determine income inclusions and exclusions.
Prerequisites ACCT 1013 This course is part one of a two-part comprehensive study of accounting theory and concepts from the point of view of the Financial Accounting Standards Board (FASB) Statements of Financial Accounting Concepts, and the Statements of Financial Accounting Standards and generally accepted accounting principles (GAAP). Emphasis is placed on student understanding of the accounting cycle and complex accounting principles. Topics include creation and use of journal entries, end of period adjusting entrees, completion of the accounting cycle and production of income statements, changes in owner’s equity, balance sheets and cash flow statements. Other topics include cash and receivables, measurement and timing of revenues and expenses, and inventory measurement, methods and special valuation issues. Learning Outcomes Identify the elements within the financial statements and prepare accurate reports. Identify internal controls within a business entity. Demonstrate proficiency and understanding of the accounting cycle. Identify and understand the relevance of financial statement notes and disclosures. Demonstrate knowledge of cash flow reporting and analysis. Measure and recognize fundamental and complex business transactions and understand their effects on the financial reports and on changes in owners? equity. Define and understand the accounting principles and methods of GAAP.
Prerequisites ACCT 2000 This course is part two of a two-part comprehensive study of accounting theory and concepts from the point of view of the Financial Accounting Standards Board (FASB) Statements of Financial Accounting Concepts, and the Statements of Financial Accounting Standards and generally accepted accounting principles (GAAP). This course continues to place emphasis on student understanding of the accounting cycle and complex accounting principles. Topics include financial analysis tools; cost of acquisition, subsequent expenditures, depreciation, depletion, impairment, and disposal of property, plant and equipment; investments and long-term receivables; bonds and long-term liabilities; contributed capital; retained earnings and earnings per share (EPS)income taxes; postretirement benefits; and accounting for leases. Students will acquire practice in using the concept of the time value of money to determine the value of financial assets and liabilities. Learning Outcomes Demonstrate advanced proficiency and understanding of the accounting cycle. Demonstrate an understanding of accounting theory and the assumptions and logic inherent in accounting techniques. Measure and recognize fundamental and complex business transactions and understand their effects on the financial reports and on changes in owner’s equity. Define and understand the accounting principles and methods of GAAP. Demonstrate ability to analyze and interpret financial accounting information for decision making.
Prerequisites ACCT 1010 This course is an introduction to the fundamental concepts of planning, controlling, and decision making used by managers. Included are the principles and concepts used to account for materials, labor, and overhead in a manufacturing or service entity. Topics include job order costing, process costing, cost behaviors, and flexible budgets and performance analysis. Major Content Areas Impact of various costing methods on decision making Relevant costs and capital expenditures Managerial versus Financial Accounting Budgeting and Variance Analysis Job Order, Process and Activity Based Costing Cost classifications and behavior Cost-Volume-Profit Relationships Learning Outcomes Define managerial accounting and the ethical responsibility of a manager. Understand the flow of cost in a process cost system and how the information is used for internal and external reporting. Classify costs by behavior, understand cost terminology, and assign costs to cost objects. Explain the difference between variable costing for internal reporting purposes and absorption costing for GAAP. Understand the flow of cost in a job order cost system and how the information is used for internal and external reporting. Prepare variance analysis using a flexible budget. Analyze relevant versus irrelevant costs and their impact on budget and capital expenditure decisions.
Prerequisites ACCT 2110 This course enables managers to use quantitative tools and techniques from an internal perspective to make accurate management decisions. Primary topics include cost-volume-profit analysis, differential cost analysis, master budgeting techniques, standard cost and variance analysis, and activity-based costing. Learning Outcomes Create and employ the balanced score card to measure performance within an organization and evaluate performance as it relates to responsibility centers. Implement activity-based costing. Prepare various budget schedules within a master budget. Analyze cost-volume-profit relationships and its use in margin of safety and degree of operating leverage calculations for planning. Identify relevant costs in differential analysis to facilitate decision making. Illustrate the use of standard cost systems and its implication in cost control procedures.
Prerequisites ACCT 1010 This course is an introduction to computerized accounting applications. Emphasis is placed on entering business transactions, the effect of generally accepted accounting principles (GAAP) on these transactions, and the formation of financial statements. Students will learn to prepare financial statements, setup both service and merchandise companies, update a chart of accounts, analyze transactions, make payroll entries, reconcile bank accounts, journalize and post adjusting and closing entriesAt the end of this course, a certification exam is offered. After passing the exam, the student will achieve the designation of QuickBooks Certified User. Learning Outcomes Knowledge of computerized accounting operations. Ability to manage Vendors, Customers, Inventory, and Employees in a computerized accounting system. Demonstrate the effects of general journal entries and period-end procedures on financial statements. Understand how daily business transactions are entered into the accounting system and their effect on business accounts. Apply GAAP on financial statements using revenue and expense recognition rules. Produce and prepare a variety of reports.
Prerequisites ACCT 1013 This course covers the application of generally accepted accounting principles for non-profit organizations, with emphasis on state and local governmental agencies. Topics include accounting for states, municipalities, and not-for-profit organizations with some federal government accounting. Additional focus includes accounting for private not-for-profit organizations such as colleges, universities, hospitals, and other health care providers. Learning Outcomes Prepare fund-basis financial statements for governmental, proprietary and fiduciary funds; prepare financial statements for private not-for-profit organizations. Understand and illustrate the contents of a comprehensive annual financial report (CAFR). Identify and define recognition criteria for revenues and expenditures under the current financial resources measurement focus and the modified accrual basis. Prepare journal entries for the revenues and expenditures cycles of governmental funds using both budgetary and activity accounts. Identify the sources of authoritative accounting standards for various public and private sector organizations. Understand and prepare typical journal entries and closing entries for the 11 fund types used by state and local governments. Understand and illustrate the contents of an Annual Comprehensive Financial Report (ACFR).
