Course Descriptions 2009-2010 Catalog

Accounting

ACC 101 Fundamentals of Accounting
3 Credits
Presents the basic elements and concepts of accounting, with emphasis on the procedures used for maintaining journals, ledgers and other related records and for the completion of end-of-period reports for small service and merchandising businesses.

ACC 115 Payroll Accounting
3 Credits
Studies federal and state employment laws and their effects on personnel and payroll records. The course is non-technical and is intended to give students a practical working knowledge of the current payroll laws and actual experience in applying regulations. Students are exposed to computerized payroll procedures.
PREREQUISITE: ACC 101 or 121, or enrolled concurrently or Instructor’s permission.

ACC 118 Analyzing And Interpreting Financial Statements
3 Credits
Introduces accounting and its significant role in making sound business decisions. Designed to teach students how to use financial statements to be wise users of accounting information. Gives practical experience using ratio analysis to make credit and equity decisions. Instructional methods include lecture, case studies, group interaction and Internet research projects.

ACC 121 Accounting Principles I
4 Credits
Introduces the study of accounting principles for understanding of the theory and logic that underlie procedures and practices. Major topics include the accounting cycle for service and merchandising companies, special journals and subsidiary ledgers, internal control principles and practices, notes and interest, inventory systems and costing, plant assets and intangible asset accounting and depreciation methods and practices.

ACC 122 Account Principles II
4 Credits
Continues the study of accounting principles as they apply to partnerships and corporations. Major topics include stocks and bonds, investments, cash flow statements, financial analysis, budgeting and cost and managerial accounting.
PREREQUISITES: ACC 121 or equivalent; MAT 099/106, or higher strongly recommended.

ACC 125 Computerized Accounting
3 Credits
Introduces the capabilities of computer applications in accounting. Includes solving accounting problems of a financial nature and hardware and software controls.
PREREQUISITE: ACC 101 or ACC 131.

ACC 131 Income Tax
3 Credits
This course is the study of basic concepts of federal income taxation, including gross income, deductions, accounting periods and methods and property transactions, with emphasis on taxation of individuals and sole proprietorships.

ACC 135 Spreadsheet Application For Accounting
3 Credits
This course introduces spreadsheets as an accounting tool. Using an accounting perspective, the student applies fundamental spreadsheet concepts. The spreadsheet is used as a problem solving and decision making tool.
PREREQUISITES: ACC 122, CIS 155 or spreadsheet experience (all required).

ACC 211 Intermediate Accounting I
4 Credits
Focuses on comprehensive analysis of generally accepted accounting principles (GAAP), accounting theory, concepts and financial reporting principles for public corporations. It is the first of a two-course sequence in financial accounting and is designed primarily for accounting and finance majors. Focuses on the preparation and analysis of business information relevant and useful to external users of financial reports. Explores the theories, principles and practices surveyed in Accounting Principles and critically examines “real-world” financial analysis and reporting issues.
PREREQUISITE: ACC 122.

ACC 212 Intermediate Accounting II
4 Credits
Focuses on the theoretical and practical aspects of accounting for long-term liabilities, stockholders’ equity, investments, pensions and leases. Includes income tax allocation, financial statement analysis, cash flow statements and accounting methods changes.
PREREQUISITE: ACC 211.

ACC 215 Accounting, Information Systems And E-Business
3 Credits
Studies the principles, concepts and tools used in the analysis, design, implementation and integration of accounting systems, internal controls systems and accounting procedures. Key elements of system analysis, business systems design, accounting software selection, and the acquisition and implementation of systems are studied. Techniques and systems for electronic control systems, electronic data interchange, electronic funds transfer and Web commerce are explored.

ACC 226 Cost Accounting
3 Credits
Studies cost accumulation methods and reports. Focuses on the concepts and procedures of job order, process, standard and direct cost systems, budgeting, planning and control of costs.
PREREQUISITE: ACC 122

ACC 229 Managerial Accounting
3 Credits
Focuses on the analysis of financial statements and other accounting data used by management in the planning and control functions. Includes a study of cost behavior, volume-cost-profit relationships, return on investment and the budgetary process.
PREREQUISITE: ACC 122.

ACC 235 Computerized Accounting For Small Businesses
3 Credits
Introduces a microcomputer package, such as QuickBooks, One-Write Plus or similar accounting application, for use in a small business. Focuses on installation, starting the application and converting a manual accounting system to an electronic system. Includes an easy-to-use bookkeeping system that incorporates all daily transactions and summarizes records in reports for a complete financial picture.

ACC 245 Computerized Accounting With A Professional Package
3 Credits
Integrates accounting principles and practices with a computerized accounting package such as Peachtree, DacEasy, or other professional package. Emphasizes computerized functions of the general ledger and integrated accounts payable, accounts receivable, invoicing and payroll systems.
PREREQUISITE: ACC 121 or 101.

ACC 275 Special Topics
1-6 Variable Credits
Provides students with a vehicle to pursue in-depth exploration of special topics of interest.
PREREQUISITE: Instructor’s permission.

ACC 285 Independent Study
Meets the individual needs of students. Students engage in intensive study or research under the direction of a qualified Instructor.
PREREQUISITE: Instructor’s permission.

ACC 287 Cooperative Education
3 Credits
Provides an opportunity to gain practical experience in applying occupational skills and/or to develop specific skills in a practical work setting. The Instructor works with the student to select an appropriate work site, establish learning objectives and coordinate learning activities with the employer or work site supervisor. For Accounting majors only.
PREREQUISITE: Instructor’s permission.

ACC 289 Capstone
3 Credits
Provides pending accounting graduates with the opportunity to evaluate analysis skills. Using the knowledge acquired from their academic studies, the student evaluates the financial standing of three different companies. Financial analysis using spreadsheet capabilities and written report skills are included. The student works independent of a traditional classroom setting.
PREREQUISITES: ACC 122, 131, 135, 226.

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