Rochester Community and Technical College · Courses
ACCT
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 1101Introduction to Accounting (MnTC 11)3
3 hours lecture/week - Common Course Outline 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. (
Appropriate score on the RCTC placement test into Read 0900)
ACCT 1415Budgeting for Decision Making3
3 hours lecture/week - Common Course Outline This course is designed to provide students with an understanding of how to prepare, understand and communicate budget information. The course will discuss financial management concepts, budget creation, along with tools and techniques to track spending and reporting budget information. These skills are essential for supervisors to be able to understand the role of budgeting in supervisory decision making. (
3 hours lecture/week - Common Course Outline This course is intended to give students an understanding of the fundamental concepts underlaying the United States federal employment tax code. The course will discuss the complexities payroll tax laws, payroll tax forms, and required accounting and reporting to comply with federal and state employment laws. This includes preparation of employment records, payroll registers, employee earnings records, time cards, and state and federal reporting requirements. (
4 hours lecture/week - Common Course Outline This course is an introduction to financial accounting concepts that includes analyzing, interpreting and recording transactions. The accounting cycle is covered for service and merchandising corporations. The course also includes the preparation of financial statements in accordance with Generally Accepted Accounting Principles (GAAP) using the accrual method of accounting, and emphasizes the effects of journalizing business transactions on the financial statements. Additional topics include accruals and deferrals, revenues, expenses, internal control, merchandise inventory, accounts receivable, fixed assets, long-term liabilities, and equity. (
4 hours lecture/week - Common Course Outline This course consists of analyzing and preparing reports for internal use in the company’s decision-making process. This course contains a study of cost accounting and managerial accounting principles including cost behavior, job order costing, process costing, cost-volume- profit relationships, standard costs, budgets, break-even, differential analysis, time value of money, performance indicators, and cash flow reporting. 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. (
ACCT 2234Computerized Accounting and Business Applications3
3 hours lecture/week - Common Course Outline This course covers the use of spreadsheet, database, presentation, word processing, and data analytics software to solve accounting and business related problems. Topics include designing, creating and enhancing worksheets and charts, using formulas and functions to perform calculations, printing, merging, and file management. There is an introduction to use financial statement and data analysis within the decision making process. (
ACCT 2237Accounting and Business Information Technology3
III. BUSINESS RELATED ELECTIVES….……………………………..……………..……..…7 CREDITS (Select any ACCT, BUS, ECON courses) TOTAL………………………………………………………………………………………….31 CREDITS PROGRAM OUTCOMES: Upon completion of the Accounting Clerk program at RCTC, students will achieve the following outcomes: • Record, analyze, interpret, and report financial transactions using Generally Accepted Accounting Principles (GAAP) and other professional accounting standards and laws. • Develop and use critical thinking processes to compare detailed expected results to actual reported information. • Utilize technology including accounting software, spreadsheets, database, and other accounting information software when reporting financial information. • Analyze, interpret, and report financial data and non-financial information to aid decision- makers within an organization. • Use clear and concise oral and written communication methods to convey financial and non-financial information effectively to different users. ADDITIONAL NOTES: PURPOSE: The Accounting Clerk Diploma prepares students to process manual or computerized accounting records for a business, such as recording and posting sales invoices, disbursements, deductions from payroll, and record interest charges. Documents prepared may include vouchers, invoices, account statements, payrolls, periodic reports, bank statements, reconciliation, etc. The program prepares students for positions with titles such as accounting clerk, accounts payable clerk (with accounting duties specified, accounts receivable clerk, advance payment clerk (clerical), billing clerk, cash posting clerk, tax record clerk, and payroll clerk.
3 hours lecture/week - Common Course Outline 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. (
None) (Other Requirements: Students need to attend an international trip. Special fees and cost will be collected in addition to tuition for travel costs.)
ACCT 2836Accounting and Database Applications3
3 hours lecture/week - Common Course Outline 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 Pg. 219
Credits and hours/week may vary. - Common Course Outline Work experience program designed to help accounting students apply classroom information on the job. Designed to make the work experience a learning experience so that the student will be able to better understand the practical application of accounting techniques. Completion of one semester of Accounting, Business, or Economics courses is recommended. (Prerequisites: None) (Other Requirements: Signed internship agreement)
