St Cloud Technical and Community College · Courses
ACCT
16 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 1215Accounting Principles I
This course is an introduction to financial accounting concepts as they apply to business transactions. Students will explore accounting as an information system providing useful information to company stakeholders. Emphasis is on the recording, reporting, and analyzing of a variety of business transactions as they relate to content of the course. Both the preparer and user requirements and expectations are emphasized. Student Learning Outcomes: * Comprehend the role of accounting in business, including the types of business organizations, business stakeholders, ethics in business and the overall profes- sion of accounting. * Journalize business transactions in accordance with Generally Accepted Ac- counting Principles (GAAP). * Prepare the three basic financial statements. * Create adjusting journal entries required under the accrual method of account- ing to properly update accounts at year end. * Define inventory systems. * Apply perpetual and periodic inventory within the accounting system. * Compare the direct write-off and allowance methods to account for uncollect- ible accounts and their affect on the financial statements. * Account for the purchase, maintenance (depreciation, amortization, depletion) and sale of long-term assets. * Differentiate between current and long-term liabilities. * Explain how to account for contingent and estimated liabilities. * Apply the concept of the time value of money. * Describe the corporate form of business organization, including the sources of equity, characteristics and classes of stock, and effects of dividends. * Account for the issuance of bonds as a method of financing a business. * Account for the investment in debt and equity instruments. (4 C: 3 lect/pres, 1 lab, 0 other)
This course covers the analysis, from the preparer and user perspective, of busi- ness transactions related to partnerships and corporations. Topics include but are not limited to cash and cash flows, internal control, organization, capital structure stockholder's equity, earnings, dividends, fair value accounting and retained earn- ings statement. Also included is the related statistical financial analysis. Student Learning Outcomes: * Analyze financial accounting internal controls for strengths and weaknesses. * Prepare bank reconciliations and record the adjustments in the financial records. * Apply basic accounting concepts and principles in an ethical way to business transactions. * Complete accounting transactions and calculations related to partnerships and limited liability companies. * Prepare a properly classified statement of cash flows. * Perform basic solvency and profitability analysis on corporate financial state- ments. * Complete an accounting cycle for a business. * Journalize financial transactions using special journals. * Post journal entries from the general journal and special journals to the general ledger and subsidiary ledgers. * Report equity changes in the capital structure of a company resulting from fair value accounting. Prerequisite(s): ACCT1215 (4 C: 3 lect/pres, 1 lab, 0 other)
This course will cover the fundamentals of cost accounting. The course examines accounting practices to record, plan and control material, labor, and overhead costs. The course includes study of job-order, process cost and standard cost systems for manufacturing and service firms. Students will practically apply knowledge to real world scenarios and learn to analyze costs related to the manu- facturing process. Student Learning Outcomes: PLEASE NOTE: All program plans are preliminary and curriculum may 2026-2027 St. Cloud Technical & Community College * Describe the cost concepts, cost behaviors, and cost accounting techniques that are applied to manufacturing and service businesses. * Apply cost concepts and cost behavior to the solving of management deci- sions. * Determine the costs of products and services. * Analyze the profitability of a product or service. * Differentiate between job order and process costing methods. * Explain standard cost accounting systems. * Apply overhead costs using an overhead rate system. * Prepare an operating budget for a manufacturer. * Prepare common reports used for cost accounting including: cost of good manufactured; job cost sheets; departmental overhead analysis sheets and cost of production reports. * Apply departmentalization concepts to increase accountability and accuracy. Prerequisite(s): ACCT1215 (4 C: 3 lect/pres, 1 lab, 0 other)
ACCT1220 Payroll Accounting.................................................... 2 DVRS1304 Diversity and Social Justice...................................... 3
This course covers the preparation of payroll in compliance with all federal and state payroll and employment laws. By learning federal and state labor laws, stu- dents will be able to effectively calculate employee paychecks, maintain payroll records and prepare relevant tax forms. The recording of payroll into the general ledger is reviewed. A comprehensive hands on quarter and year end project is completed to demonstrate practical application of topics covered in the course. Student Learning Outcomes: * Calculate wages and salaries in compliance the Fair Labor Standards Act. * Compute federal, state, local withholdings and employee deductions and benefits. * Demonstrate an understanding of the payroll impact of federal and state labor laws. * Demonstrate an understanding of the calculation, timing and payment respon- sibilities of employer payroll liabilities. * Develop practical working knowledge of proper payroll record keeping re- quirements utilizing a computerized payroll accounting system. * Complete federal and state payroll tax reports. * Prepare payroll journal entries. * Complete a comprehensive quarter and year end payroll project that meets federal and state regulations. Corequisite(s): ACCT1215 (2 C: 1 lect/pres, 1 lab, 0 other)
This course introduces students to a more in depth analysis of the generally ac- cepted accounting principles. Emphasis will be on the accounting cycle, financial accounting assumptions, the financial statements, and the revenue/cash cycle. Additional focus on the preparation and analysis of business information relevant and useful to external users of financial reports. This also includes a study of the unique characteristics of various elements of the financial statements. Student Learning Outcomes: * Illustrate the basic steps in the accounting cycle. * Prepare a properly classified balance sheet in accordance with generally ac- cepted accounting principles. * Prepare a single-step and a multi-step income statement in accordance with generally accepted accounting principles. * Prepare a properly classified statement of cash flows using both the direct method and the indirect method in accordance with generally accepted ac- counting principles. * Record revenue using various revenue recognition standards. * Account for transactions and events within the revenue, receivable, and cash cycles of a business. * Apply ratio analysis on financial information to determine the financial strength of a company. * Apply ethical standards to accounting principles and procedures. * Evaluate the accuracy and appropriateness of AI-generated outputs. Prerequisite(s): ACCT1216 (4 C: 3 lect/pres, 1 lab, 0 other)
This course is designed to further develop knowledge of financial accounting theory, concepts, practice, and procedures related to inventory, debt and equity financing, fixed asset acquisition, and utilization and leases. This course also incorporates financial statement analysis to develop students’ ability to identify key performance areas within the financial statements or possible errors/irregu- larities within the financial statements. A continued study of generally accepted accounting principles is also included. Student Learning Outcomes: * Account for inventories. * Account for debt obligations. * Prepare a statement of stockholder’s equity. * Account for non-current operating assets throughout their life cycle. * Account for investments in the various types of debt and equity securities throughout their life cycle. * Account for the various types of leases from both the lessee’s and lessor’s perspective. * Apply ratio analysis on financial information to determine the financial strength of the company. * Interpret financial statement analysis for possible errors and irregularities. * Demonstrate ethical behavior when applying accounting principles and proce- PLEASE NOTE: All program plans are preliminary and curriculum ma 2026-2027 St. Cloud Technical & Community College dures. Prerequisite(s): ACCT2226 (4 C: 3 lect/pres, 1 lab, 0 other)
This course introduces students to the concepts and applications of managerial accounting. Managerial accounting is the process of producing financial and operating information for managers and other internal users to assist in making sound business decisions in managing the firm. The process is driven by the informational needs of management with an emphasis on cost systems, pricing decisions, budgeting, planning and controlling. This course will build students understanding in planning operations, controlling activities, and decision making using a wide variety of practical applications. Student Learning Outcomes: * Distinguish between managerial and financial accounting. * Explain the use of a standard manufacturing cost system for planning and control purposes. * Apply activity based costing methods. * Analyze budgets using variance analysis. * Compare the concepts of absorption costing and direct costing. * Describe fixed, variable, and mixed cost behavior. * Analyze accounting data using cost-volume-profit (CVP) analysis and CVP graphing. * Interpret the uses of break-even point (BEP) and changes in BEP. * Interpret differential analysis reports to meet various financial objectives. * Analyze capital investment decisions. * Prepare a statement of cash flows. * Differentiate between cost, profit, and investment centers. * Calculate return-on-investment including potential residual income. Prerequisite(s): ACCT1215 (4 C: 3 lect/pres, 1 lab, 0 other)
This course focuses on United States federal individual income tax. The emphasis is primarily on the interpretation of the Internal Revenue Code. Students will learn to apply the code to determine revenue items that make up gross income, deductions for adjusted gross income, itemized deductions, exemptions, and cred- its. Using this knowledge, students will analyze tax planning strategies. Student Learning Outcomes: * Use tax-related terminology. * Interpret Internal Revenue code sections as they apply to individual income taxes. * Identify differences between individual income taxes and other types of taxes. * Determine federal individual income, deductions, tax, and credits. * Prepare form 1040 and accompanying schedules. * Apply knowledge of the Internal Revenue Code to tax planning. * Relate federal individual income taxes to other business and individual finan- cial matters. * Apply ethical tax practices in tax preparation. (4 C: 3 lect/pres, 1 lab, 0 other)
Estimated cost of books, supplies and materials: $2,130 PLEASE NOTE: All program plans are preliminary and curriculum may change without notice. 2026-2027 St. Cloud Technical & Community College Page 46
An audit is an examination of financial statements to determine their accuracy and add credibility. This course is designed to provide students with an under- standing of audit objectives and standards. Standards, ethics, and legal responsi- bilities of the public accounting profession, as well as preparation of audit reports and a simulated audit project, are emphasized. Student Learning Outcomes: * Differentiate between the professional, ethical and legal responsibilities of a public accountant. * Explain the process involved in evaluating and selecting audit clients. * Apply the Generally Accepted Auditing Standards (GAAS) that are required to perform a successful audit. * Prepare various audit reports that may be filed after the audit based on the audit findings. * Perform specific audit procedures on financial statements within a simulated audit project. Prerequisite(s): ACCT2226 (3 C: 2 lect/pres, 1 lab, 0 other)
OR ACCT2280 Accounting Internship...................................... 2 PLEASE NOTE: All program plans are preliminary and curriculum may change without notice. 2026-2027 St. Cloud Technical & Community College Page 35
This internship will be available to students who have demonstrated a readi- ness and willingness to work in an on-the-job environment. The internship is for the mutual benefit of the student and the host site. All tasks are designed to supplement the SCTCC classroom/lab education. Actual tasks/assignments are determined by the host site as well as the internship advisor. Student Learning Outcomes: * Integrate written and verbal communication skills into the workplace environ- ment. * Display critical thinking skills by analysis and application of accounting standards. * Apply internship site policies and procedures to daily tasks. * Practice professional and ethical business behavior according to internship site standards. * Display technical competence in Accounting. * Adhere to confidentiality policies and procedures per internship site standards. * Complete reports and required documentation for internship advisor. ( C: 0 lect/pres, 0 lab, 0 other)
