Accounting Course List

Accounting

Courses

ACCT 101 - Accounting Fundamentals

5.0 Credits
Beginning accounting fundamentals including journalizing, posting, financial statements and an introduction to payroll. Computerized accounting software used. Transfer limited. Prerequisite: Minimum placement into EAP 121 or BRDGE 093.

Course Objectives
Upon successful completion of this course, students will be able to:

Use the rules of the fundamental accounting equation to analyze and explain accounting information. [REASON]
Use accounting software and spreadsheets to input, manage, and interpret information to meet the needs of a single proprietorship. [REASON]
Use analytical skills to support business transactions of a single proprietorship. [REASON]
Apply critical thinking and analytical skills in decision-making and problem solving. [REASON]
Create professional and accurate financial documents. [COMMUNICATE]
Work independently to apply reasoning skills and critical thinking. [REASON]
Perform in ways that reflect ethics and standard bookkeeping expectations related to a single proprietorship. [EXPLORE]

ACCT 116 - QuickBooks For Beginners

3.0 Credits
Overview and hands-on practice of QuickBooks including setting up files, creating customer and vendor lists, developing charts of accounts, preparing A/R, A/P, bank reconcilliations and generating financial reports. For students with limited experience using QuickBooks.

Course Objectives
Upon successful completion of this course, students will be able to:

Demonstrate how to set up QuickBooks files, create invoices, pay bills, record deposit and prepare bank reconciliations. [REASON]
Prepare and communicate Balance Sheet, Profit and Loss statement, Accounts Receivable aging report and Accounts Payable aging report. [COMMUNICATE]

ACCT 155 - Special Topics

Maximum of 5.0 possible Credits
Classes, workshops or seminars of current interest in Accounting.

Course Objectives
Upon successful completion of this course, students will be able to:

Explore areas of current interest in Accounting. [COMMUNICATE]

ACCT& 201 - Principles of Accounting I

5.0 Credits
Theory of asset, liability, and stockholders’ equity accounts; construction of financial statements (was ACCT 201). Prerequisite: ACCT 101, high school bookkeeping or instructor’s permission and minimum placement in EAP 121 or BRDGE 093.

Course Objectives
Upon successful completion of this course, students will be able to:

Recognize accounting transactions and record them in journals using proper formats. [REASON]
Apply the concepts of accrual accounting to transactions that span fiscal periods. [REASON]
Trace the effects of those transactions to financial statements. [REASON]
Record accounting transactions for merchandising operations and understand how to cost inventories using a variety of methods. [REASON]
Journalize transactions specific to managing cash and account receivable. [REASON]
Record transactions for uncollectible accounts using generally accepted principals. [REASON]
Prepare financial statements including income statements, statements of retained earnings, balance sheets and statements of cash flow. [COMMUNICATE]
Journalize transactions involving definitely determinable and estimated liabilities. Identify contingent liabilities. Explain the effects of recording liabilities on financial statements. [COMMUNICATE]
Calculate and explain the significance of liquidity and profitability ratios. [REASON]

ACCT& 202 - Principles of Accounting II

5.0 Credits
Examine a number of complex accounting topics involving assets, liabilities, and equity accounts. Includes study of bonds, financial statement and analysis, stocks, and statement of cash flows (was ACCT 202). Prerequisite: Grade of 2.0 or higher in ACCT& 201 (was ACCT 201) and minimum placement into EAP 121 or BRDGE 093.

Course Objectives
Upon successful completion of this course, students will be able to:

Allocate the cost of long term assets in accordance with generally accepted accounting principles. [REASON]
Measure and record the disposal, sale and exchange of long term assets. [REASON]
Utilize time value of money techniques to value assets and liabilities. [REASON]
Journalize transactions for the issuance and repayment of bonds and installment obligations. [REASON]
Journalize transactions involving stockholder’s equity accounts and prepare formal financial statements. [COMMUNICATE]
Prepare and explain a formal statement of cash flows. [REASON]
Analyze the financial condition and performance of a corporation using several financial analysis techniques. [REASON]
Journalize transactions involving definitely determinable and estimated liabilities. Identify contingent liabilities. [COMMUNICATE]
Write clear organized short informational reports using correct format and report writing principles. [COMMUNICATE]
Calculate and explain the costs and benefits of simple financial choices encountered in financial planning and strategic decision making. [REASON]

ACCT& 203 - Principles of Accounting III

5.0 Credits
Conceptual understanding of managerial and cost accounting concepts applicable to all forms of businesses. Topics include cost systems, cost behavior, CVP analysis, budgeting and control, and developing information for decision-making (was ACCT 203). Prerequisite: A grade of 2.0 or higher in ACCT& 201 (was ACCT 201).

Course Objectives
Upon successful completion of this course, students will be able to:

Calculate and explain the costs and benefits of simple financial choices encountered in financial planning and strategic decision making. [REASON]
Describe how accounting is used to develop an information system for use by management in the process of making decisions. [REASON]
Define different types of costs and explain the flow of costs from the point of their incurrence to the sale of completed products. [REASON]
Describe the similarities and the differences between job-order and process costing, and develop schedules to report manufacturing costs to management. [REASON]
Describe the benefits and limitations of activity-based costing, and identify types of quality costs. [REASON]
Identify variable, fixed and mixed costs, and explain cost-volume-profit relationships. [REASON]
Define and describe the budgeting process, and prepare budgets for a manufacturer. [REASON]
Develop standard costing systems, and compute price and quantity variances for materials, labor and overhead costs. [REASON]
Perform short-term decision and capital investment analysis. [REASON]

ACCT 214 - Individual Income Tax Preparation

5.0 Credits
Overview of the taxation of individuals. Emphasis on practical forms preparation and dealing with the most frequently encountered issues in taxation. Computer application. Prerequisite: ACCT 101 and minimum placement into EAP 121 or BRDGE 093.

Course Objectives
Upon successful completion of this course, students will be able to:

Analyze, apply and evaluate tax information by preparing individual tax returns and related forms. [REASON]
Identify and analyze problems and options, select and implement appropriate solutions based on current tax law. [REASON]
Use mathematics to solve quantitative business issues and problems as relating to taxes. [REASON]
Use personal computers and other tools most commonly used by business to obtain, store, organize and communicate quantitative information. Specifically in this course the ability to use tax software. [COMMUNICATE]
Explain the rules for determining the deductibility of common expenditures. [REASON]
Classify deductions as for, or from, adjusted gross income. [REASON]
Identify the types of income that are taxable and the types of expenses that are deductible. [REASON]
Explain the costs and benefits of simple financial choices encountered in strategic decision making as relating to taxes. [COMMUNICATE]
Research web sites for tax forms, information and current events in tax and business. [EXPLORE]

ACCT 215 - Federal Income Tax Preparation

5.0 Credits
Prepare tax returns for the public. Interview clients and e-file their individual federal tax returns. Completion of the IRS Volunteer Income Tax Assistance (VITA) exam is part of class training. S/U grade only. Prerequisite: ACCT 214 or equivalent or instructor’s permission. Concurrent enrollment in BUS 291 required if using course to satisfy internship requirement.

Course Objectives
Upon successful completion of this course, students will be able to:

Identify the types of income that are taxable. [REASON]
Determine where to report certain income items on the tax return. [REASON]
Explain the difference between the standard deduction and itemized deductions. [REASON]
Apply the rules for determining the deductibility of itemized deductions. [REASON]
Determine when taxpayers qualify for certain tax credits. [REASON]
Determine when the taxpayer is liable for certain other taxes. [REASON]
Prepare an individual tax return from interview data and compile it correctly. [REASON]
Effectively interview clients to obtain information necessary to prepare a federal income tax return. [COMMUNICATE]
Provide clear and concise information to clients in a non-threatening, confidential and responsible manner. [COMMUNICATE]
Demonstrate professional and responsible behavior when interviewing clients. [ACT]

ACCT 216 - Accounting Software Applications

5.0 Credits
Prepares students to interact with computerized accounting systems with a major focus on Quickbooks software. Major concepts of computerized accounting will be introduced including, accounts receivable and accounts payable maintenance and financial statement generation. Prerequisite: Minimum ENGL placement into EAP 121 or BRDGE 093 and ACCT 101 or instructor’s permission.

Course Objectives
Upon successful completion of this course, students will be able to:

Demonstrate how to set up QuickBooks files, create invoices, pay bills, record deposit and prepare bank reconciliations. [REASON]
Prepare accounts receivable and accounts payable aging reports. [REASON]
Interpret and communicate QuickBooks information and reports. [COMMUNICATE]

ACCT 254 - Business and Payroll Tax Accounting

5.0 Credits
Various aspects of federal, state and local payroll taxes levied upon business. Practical case experience in preparing payroll, payroll records and quarterly tax returns. Computerized practice set. Prerequisite: ACCT 101 or instructor’s permission.

Course Objectives
Upon successful completion of this course, students will be able to:

Observe, analyze and apply business information necessary to maintain payroll accounting systems. [REASON]
Identify arguments, evaluate claims, and form conclusions based on current payroll practices, procedures and laws. [REASON]
Identify and analyze problems and options, then select and implement appropriate solutions, and evaluate outcomes based on legal requirements relating to payment of wages and salaries. [REASON]
Accurately calculate gross and net wages and all taxes and deductions applicable. [REASON]
Accurately calculate amounts due on state and federal payroll tax forms. [REASON]
Use personal computers to obtain, store, organize and communicate information needed for payroll accounting and state and federal report filing. [COMMUNICATE]
Explain the basic payroll accounting process and procedures used in the payroll profession. [REASON]
Identify all legal requirements relating to the payment of wages and salaries. [REASON]
Prepare payroll tax returns. [REASON]

ACCT 255 - Special Topics

Maximum of 5.0 possible Credits
Classes, workshops or seminars of current interest in Accounting.

Course Objectives
Upon successful completion of this course, students will be able to:

Explore areas of current interest in Accounting.

ACCT 298 - Individual Project in Accounting

1.0 to 5.0 Credits
Study of student-selected project or approved experiences in the field of accounting. S/U grade option. Prerequisite: Instructor’s permission.

Course Objectives
Upon successful completion of this course, students will be able to:

Complete an independent project (research of expression) on a focused area of interest or need. [ACT]
Develop specific concepts or materials relevant to the Accounting industry. [COMMUNICATE]
Develop, with guidance, a comprehensive approach or activity which supplements the learning of the student in a particular course or program of study. [COMMUNICATE]
Develop, implement, and complete a total project adhering to established procedures and due dates. [COMMUNICATE]