10 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 1310Financial Reporting4
Goals: To introduce students to the recording process used to develop the income statement, balance sheet and statement of cash flows, as well as how to interpret what changes in these accounts represent. Content: The foundations of financial reporting and managerial accounting are designed to be taken as two sequential courses. In this first course, students will gain an in-depth exposure to inventory, receivables, plant assets and long-term liabilities, as well as the components of shareholders’ equity. It is highly recommended that students take Managerial Accounting upon completion of this course.
Students are exposed to the financial reporting system providing information for global resource allocation decisions embodied in U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). This course is first in a two part sequence, and focuses on the asset side of the balance sheet. Topics include the review of the basic financial statements, time value of money, receivables, property, plant and equipment, and intangibles.
Building on the knowledge students gained in ACCT 3010, this second course in a two art sequence focuses on the liability and shareholders’ equity side of the balance sheet. Topics include current liabilities, bonds, leases, deferred taxes, pensions and investments, as well as an in-depth look at the statement of cash flows.
This course uses the principles and techniques used to account for and analyze costs incurred to produce goods or services. Topics include job order, process, standard and variable costing techniques, in addition to cost-volume-profit relationships and budgeting techniques to forecast costs. Emphasis is placed on decision making using the various costing techniques.
The theory and practical application of federal income tax for individuals, partnerships and corporations under the laws enacted in the Internal Revenue Code.
Advanced topics in accounting which include mergers and acquisitions, consolidated statements for a parent and subsidiary, foreign exchange, partnerships and bankruptcy. Students will also gain exposure to non-profit and governmental accounting.
A study of the methods used to improve the quality of information for decision makers. Reliability of financial statements is essential for markets to function efficiently. This course covers the processes and controls used to manage and operate businesses, assertions and agreements made to third parties, and regulatory compliance.
Students will learn why the type of business formation selected is driven by the Internal Revenue tax code, and to demonstrate the differences in tax rules between a sole proprietorship, corporation, partnership and nonprofit entities. This exciting tax course is the key that unlocks the mystique behind business taxation. It picks up where individual tax left off by delving into corporations, partnerships and nonprofit entities. The student will gain firsthand experience by way of preparing fictitious business returns. After completing this course, the student will be eligible to do a paid internship in tax preparation to meet the April 15th deadline.
Students will gain firsthand experience in preparing property tax schedules and advanced topic tax returns. Upon completion of the course students will be able to compute a multi-state corporation’s state income tax liability because they will be able to explain the framework underlying taxation of cross-border transactions, and the interactions between IRS provisions and international tax treaties. This equally exciting course dives into the taxation of property transactions and advanced tax topics that are not typically covered in an individual or business entity tax class. It picks up where individual tax left off by delving into capital gains and losses, property basis and non-taxable property exchanges. The class then examines advanced tax topics including tax accounting periods and methods, multi-state corporate tax, taxation of international transactions, federal gift and estate tax, and income taxation of trusts and estates. After completing this course, the student will be eligible to do a paid internship doing tax preparation to meet the March 15th (corporations) or April 15th (partnerships, trusts and individuals) deadline.
