13 courses with the subject ACC, 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.
ACC 2010FINANCIAL ACCOUNTING3.0
A study of the fundamental principles of accounting as applied in business. Included are the basic concepts of accounting system design and use, transaction analysis, adjusting entries, basic financial statement preparation, and accounting for assets, liabilities, and owner’s equity. Method of Evaluation: Three exams and quizzes.
ALEKS score of > 46 will also be required and MAT 1030 - COLLEGE ALGEBRA (or) MAT 1060 - MODELING THE REAL WORLDWITH MATHEMATICS (or) MAT 1090 - PRECALCULUS (or) MAT 2010 - CALCULUS I
ACC 2021MANAGERIAL ACCOUNTING3.0
This course continues the student’s introduction to financial accounting principles. Principles applicable to equity financing will be emphasized prior to studying the Statement of Cash Flows. Will have an opportunity to analyze financial statements. Will study managerial and cost accounting terminology, concepts, and uses in product costing systems and for decision analyses. Specific topics in managerial accounting include: cost behavior and cost-volume-profit analysis, the role of responsibility accounting and the budgeting process, performance evaluation and the use of standard costing, short-term planning, and strategic (long-term) planning (capital budgeting). Objectives: Objectives: A) Know the structure of the Statement of Cash Flows and its use; B) Know how to review a company’s annual report and analyze the financial information contained in an annual report; C) Know how accounting information is used internally in business; D) Know how to use several techniques to gather accounting data to be analyzed, perform analyses, and interpret analyses. Method of Instruction: Method of Instruction: Lecture, classroom discussions, and problem solving. Method of Evaluation: Method of Evaluation: Quizzes and three exams.
Is a study of the accounting theories and practices applied in the preparation of financial statements, including the income statement, the balance sheet, and the cash flow statement. Accounting procedures for current assets, fixed assets, investments, and current and contingent liabilities will be emphasized. Method of Instruction: Lecture and discussion. Students will be expected to read assigned materials prior to class and to be prepared to take an active part in classroom discussions and in the solution of assigned problems. Method of Evaluation: Two exams during the semester, a final comprehensive exam, a practice set, and quizzes will be considered in the final grade.
Federal income tax provisions will be studied. Emphasis will be placed on computation of gross income, deductions, credits, and tax liability of individuals, Estate and gift, partnership, and corporate taxes will also be discussed. Method of Instruction: Lecture and discussion. Will be expected to read assigned materials prior to class and to be prepared to take an active part in classroom discussions and in the solution of assigned problems. Method of Evaluation: Two exams during the semester, a final comprehensive exam, research and computer projects, and classroom participation will be considered in the final grade.
This course is a study of Federal tax provisions which apply to entities other than individual taxpayers, including taxable corporations, estates and trusts, and exempt organizations. Other topics to be covered include the income tax aspects of corporate reorganizations and liquidations, taxation of corporate earnings and profits and dividends, and transfer taxes applicable to gifts and estates. Method of Instruction: Lecture, discussion, and problem solving. Method of Evaluation: Test (25%), final exam (25%), tax returns (30%), and presentation (20%).
Is an examination of the accounting profession’s response to the recent corporate accounting scandals and what has been called the expectation gap- the difference between the public’s perception of the role if the independent auditor and the actual requirements imposed by professional standards. Students will study the professional standards adopted by the accounting profession in response to this public criticism and will review relevant professional literature published before and after the adoption of those standards. Case studies based on U.S. corporations will give students the opportunity to use real life examples as a means of understanding and evaluating the adequacy of disclosure by management and independent auditors. Objectives: Intended to provide the student with an in-depth understanding of the accounting profession’s role in informing and protecting investors and the public. Students will have the opportunity to use practical examples to examine the extremely difficult decisions that often face both management and the independent auditors when they are reporting on the financial condition of publicly held companies. Particular emphasis on situations where fraud has been discovered and-or it is possible that the company will not continue as a going concern. Method of Instruction: Discussion and case study analysis. Method of Evaluation: Preparation of illustrative case study to be completed by the entire class, 25%; case study (to be done in groups approved by the instructor), 50%; class participation, 10%; and final examination, 15%.
The overall course objective is to familiarize students with the way in which systems are used in organizations to provide decision-relevant information and to enable them to understand how systems are designed and implemented to meet organizational needs. Successful enterprises can design, develop, and employ information systems that meet the needs of their managers/decision-makers in accounting, finance, marketing, supply chain logistics, etc. Accountants perform four roles with respect to information systems. They are 1) users, 2) designers, 3) managers, and 4) evaluators. To perform these four roles effectively, accountants need to understand the strategic objectives and business processes of the enterprise. They also need to understand capabilities and limitations inherent in current technology. Perhaps most importantly, they also need to understand how technology may be employed to further the strategic objectives of the firm. Objectives: A) Identify the purpose of accounting information systems and the links between business structure, processes, performance, and information systems; B) Identify the AMPS data analytics model as a means of asking and addressing accounting questions with data. Identify the various types of analytics (descriptive, diagnostic, predictive and prescriptive analytics) and useful tools for performing accounting data analytics; C) Analyze data/information flows in an organization and develop conceptual models of organizational relationships; D) Apply Excel for data analysis and visualization. Apply ACCESS™ to implement the conceptual models of information systems and demonstrate how that knowledge transfers to a variety of comparable systems and software packages; E) Identify organizational risk and control issues, incorporate those issues into conceptual models, and explain how information technology changes control techniques; F) Demonstrate systematic and objective consideration of the problems, issues, and relative merits of feasible alternatives using appropriate decision-modeling techniques; G) Navigate and apply prevalent business-related technology; H) Navigate electronic spreadsheets, database applications, and other software to build models and relational databases; I) Identify commonly used information architectures; J) Identify risks and related issues about privacy, intellectual property rights, and security considerations related to electronic commerce and communications; K) Develop and communicate reasonable recommendations for technology use in organizations. Method of Instruction: Primarily lecture, supplemented with a simulation project.
Needs approval by the Office of Career Services, before registering for course. This course is a 120 hour supervised field experience in an approved private or public company or governmental agency or CPA firm. The purpose of an accounting internship is to provide the student with valuable experience that bridges the classroom experience with the practical, professional experience of working in the field of accounting. Objectives: Using classroom experience for practical accounting applications and increase professional skills. Method of Instruction: Students will be working with an organization and will have a direct supervisor responsible for the work projects. Method of Evaluation: Graded on a pass-fail basis, based upon the successful completion of your internship. The grading consists of the Supervisor’s Evaluation (50%) and five page paper on your Internship Experience (50%).
This course examines advanced accounting concepts, including financial accounting procedures for partnerships, governmental accounting procedures, and the preparation and analysis of consolidated corporate financial statements. Objectives: A) Analyze and record the transactions involved in the formation, operation, dissolution, and liquidation of partnerships and prepare financial statements for general partnerships; B) Understand governmental fund accounting and the reporting standards for fund-based and government-wide financial statements; C) Record basic transactions and prepare financial statements for nonprofit organizations; D) Account for corporate equity investments and prepare consolidated financial statements. Method of Instruction: Lecture and discussion. The student will be expected to read assigned material prior to class and to be prepared to take an active part in classroom discussions and in the solution of assigned problems. Method of Evaluation: Two examinations given during the semester, a final comprehensive examination, class participation, and a paper will be considered in determining the student’s final grade.
ACC 3541 - INTERMEDIATE ACCOUNTING II (or) FIN 3541 - INTERMEDIATE ACCOUNTING II
ACC 4740AUDITING3.0
This is a study, explanation, and application of GAAP (Generally Accepted Accounting Principles) and GAAS (Generally Accepted Auditing Standards) used by independent auditors in accumulating and evaluating evidence about quantifiable information related to a specific economic entity for the purpose of determining and reporting on the degree of correspondence between the quantifiable information and established criteria. Ethics and Legal Responsibility of the Auditing-Accounting Professions will also be discussed. Objectives: A) Introduce philosophy, techniques, procedures, and practices; B) Provide additional study of GAAP and introduce GAAS as an additional tool for accounting students; C) Integrate auditing concepts with practical (on-the-job) aspects of auditing; D) Strengthen research and communication skills by having students complete written assignments and oral presentations that contribute to their understanding of auditing and which meet Elmira College general writing requirements. Method of Instruction: Lecture, discussions, writing assignments, and a computerized audit practice case. Method of Evaluation: Writing assignments, practice case, presentation, and three exams. Meets *WRT Distribution Requirement.
