Accounting » Class Descriptions

Class Descriptions

ACCT 151 Electronic Ten-Key Calculator
ACCT& 201 Principles of Accounting I
ACCT& 202 Principles of Accounting II
ACCT& 203 Principles of Accounting III
ACCT 206 General Ledger Computerized Accounting
ACCT 231 Intermediate Accounting I
ACCT 232 Intermediate Accounting II
ACCT 235 Governmental Accounting
ACCT 238 Federal Income Tax
ACCT 239 Payroll Accounting and Business Taxes
ACCT 240 Auditing

ACCT 151 Electronic Ten-Key Calculator 2 Credits
Involves mastery of desk calculator ten-key pad by touch and applications involving addition, subtraction, multiplication, and division to solve common business problems that include the computation of interest, markup, markdown, percentages, and discounts. Prerequisite: BUS 104 or MATH 108.
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ACCT& 201 Principles of Accounting I 5 Credits
Basic structure of accounting: Receivables, payables, and inventories for a merchandising enterprise, deferrals, accruals and depreciation. This course was formerly known as ACCT 201 Accounting Fundamentals I.
Prerequisite: None. Students without previous Accounting training or experience may want to consider taking CIS 107, Practical Accounting, before taking 201.
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ACCT& 202 Principles of Accounting II 5 Credits
Systems and controls: recognition of revenue and allocation of costs; partnerships and corporations; stocks and bonds. Preparation of statement of cash flows and financial statement analysis. This course was formerly known as ACCT 202 Accounting Fundamentals II. Prerequisite: A grade of "C" (2.0) or higher in ACCT& 201 or ACCT 201.
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ACCT& 203 Principles of Accounting III 5 Credits
Development of costs for manufacturing concerns, determination of income, development of management information and evaluation of performance. This course was formerly known as ACCT 203, Managerial Cost Accounting. Prerequisite: A grade of "C" (2.0) or higher in ACCT& 202 or ACCT 202.
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ACCT 206 General Ledger Computerized Accounting 3 Credits
Introduction to the processing of accounting data on a microcomputer using a preprogrammed general ledger software package. A number of problems are worked involving data entry. No programming is involved. Prerequisite: A grade of "C" (2.0) or higher in ACCT& 201 or ACCT 201.
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ACCT 231 Intermediate Accounting I 5 Credits
Conceptual framework, review of accounting process and basic financial statements, statement of cash flows, cash and temporary investments, receivables, inventories, and introduction to noncurrent operating assets. Prerequisite: A grade of "C" (2.0) or higher in ACCT& 202 or ACCT 202.
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ACCT 232 Intermediate Accounting II 5 Credits
Utilization and disposition of non-current operating assets, long-term investments in stock, long-term debt securities, paid-in capital, retained earnings, deferred income taxes, accounting changes, earnings per share and financial statement analysis. Prerequisite: A grade of "C" (2.0) or higher in ACCT 231.
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ACCT 235 Governmental Accounting 5 Credits
Accounting for governmental and fund agencies. Fund management and budget preparation. Accounting for appropriated funds. Prerequisite: A grade of "C" (2.0) or higher in ACCT& 202 or ACCT 202.
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ACCT 238 Federal Income Tax 5 Credits
Introduction to federal income taxation for individuals and businesses including the preparation of Form 1040 and supporting schedules, the treatment of special tax situations, and an introduction to basic tax fundamentals for partnerships and corporations. Prerequisite: ACCT& 201 or ACCT 201 with a grade of "C" (2.0) or higher.
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ACCT 239 Payroll Accounting and Business Taxes 3 Credits
Preparation of payrolls. Study of taxes affecting businesses, preparation of federal, state and local business tax forms. Prerequisite: A grade of "C" (2.0) or higher in CIS 107, or ACCT& 201 or ACCT 201.
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ACCT 240 Auditing 5 Credits
Auditing as applied to financial statements. Standards and ethics of the accounting profession. Internal auditing in support of management. Prerequisite: A grade of "C" (2.0) or higher in ACCT 232.
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