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Course Descriptions

ACCTG 105: BOOKKEEPING/ACCOUNTING I

3 hrs. (OC)

Prerequisite:

This course presents instruction in basic principles of accounting necessary for understanding accounting data. Practical problems and exercises are used to make concepts meaningful.

ACCTG 108: ACCOUNTING USING QUICK BOOKS

3 hrs. (OC)

Prerequisite: ACCTG 105 with a grade of "C" or better or equivalent

This course covers basic training in the use of accounting software on microcomputers.

ACCTG 113: TAX ACCOUNTING

3 hrs. (OC)

Prerequisite: ACCTG 120 with a grade of "C" or better or department approval

This course is a practical study of business and individual income tax accounting procedures relative to current Internal Revenue requirements.

ACCTG 115: PAYROLL ACCOUNTING

3 hrs. (OC)

Prerequisite: ACCTG 105 with a grade of "C" or better or ACCTG 120 with a grade of "C" or better or department approval

This course emphasizes payroll accounting theory and application through familiarization of various federal, state, and local laws effecting payroll systems of business firms. Emphasis is placed on performing detailed payroll work from time of recording employees' hours worked to issuance of paychecks. Familiarization is given to insure adequate control over every detail of the payroll system to improve accuracy, reliability, and timeliness of payroll information processed.

ACCTG 120: FINANCIAL ACCOUNTING

4 hrs. (TC)

Prerequisite:

This course presents accounting as an information system that produces summary financial statements, primarily for users external to a business or other enterprise. Students study the forms of business organizations and the common transactions entered into by businesses. The emphasis is on understanding and applying basic accounting principles and other concepts that guide the reporting of the effect of transactions and other economic events on the financial condition and operating results of a business. How to analyze and interpret historical financial statements and the limitations of using these in making forward-looking business decisions is included. The primary content emphasis will be accounting for current assets and liabilities, long-term assets and liabilities, corporations' cash flow statements and financial statement analysis. [IAI: BUS 903]

ACCTG 121: MANAGERIAL ACCOUNTING

4 hrs. (TC)

Prerequisite: ACCTG 120 with a grade of "C" or better

This course covers the fundamental principles of managerial accounting as they apply to management planning, controlling, evaluating and decision-making. Included is the identification and measurement of the costs of producing goods or services and how to analyze and control these costs. Decision models commonly used in making specific short-term and long-term business decisions are also included. [IAI: BUS 904]

ACCTG 206: INTERMEDIATE ACCOUNTING I

3 hrs. (TC)

Prerequisite: ACCTG 121 with a grade of "C" or better or department approval

This course helps develop familiarity with the basic assumptions underlying accounting principles, procedures, methods that are applied in the preparation of financial statements, and the proper uses that can be made of financial data. With this background, the business student is better prepared to analyze and interpret the full product of accounting; the accounting major is better prepared to continue with advanced studies to achieve professional status.

ACCTG 207: INTERMEDIATE ACCOUNTING II

3 hrs. (TC)

Prerequisite: ACCTG 206 with a grade of "C" or better

This course emphasizes accounting theory and concepts through analysis of special problems that arise in applying these underlying concepts to the financial accounting; emphasis is placed on investigation of liabilities, paid-in-capital, retained earnings, stockholder´s equity analysis, changes in financial position, and financial statement analysis. Insight is given as to how knowledge of these areas provides a basis for decision-making by management, stockholders, creditors, and other users of financial statements and accounting reports.

ACCTG 208: COST ACCOUNTING

3 hrs. (TC)

Prerequisite: ACCTG 121 with a grade of "C" or better or department approval

This course deals with concepts and procedures applied in accumulation of cost data and use of data by management in performing functions of planning, decision-making, and control. Product cost systems, cost-volume-profit relationships, capital budgeting and inventory planning, control and valuation are topics emphasized.

ACCTG 209: INTERMEDIATE ACCOUNTING III

3 hrs. (TC)

Prerequisite: ACCTG 207 with a grade of "C" or better

This course helps further the student's developmental knowledge with accounting theory and concepts as they relate to special financial statement components. Emphasis is placed upon appropriate financial statement reporting of revenue recognition, leases, accounting changes, and corrections of errors on prior financial statements. Additionally, preparation of the statement of cash flows along with in depth analysis of the statement is provided to assist students as to how this data aids day-to-day management business decision making. The capstone portion of the course looks at all of the full disclosure principles mandated as an accompaniment to business financial statements.

ACCTG 216: ACCOUNTING AND INFORMATION SYSTEMS

3 hrs. (OC)

Prerequisite: ACCTG 121 with a grade of "C" or better or department approval

This course, a synthesis of accounting and information systems, integrates data processing with experience in manual accounting procedures. Emphasis is placed on analysis and design of accounting procedures.

ACCTG 255: INDEPENDENT STUDY

1 hr. (OC)

Prerequisite: Department approval

This course provides the opportunity to work on a technical project, research, or other specialized study related to individual academic needs. A written plan for the independent-study project is developed with a faculty member (including a detailed description of the project, the number of credit hours assigned to it, the evaluative criteria to be used, and other relevant matters), and the project is carried out under the periodic direction of the faculty member. The written plan is submitted to the dean/associate dean for approval and remains on file within the department, together with a final written report submitted to the faculty member by the student. Repeatable up to a maximum of five semester hours of credit.

ACCTG 260: ACCOUNTING INTERNSHIP

3 hrs. (OC)

Prerequisite: Credit or concurrent enrollment in ACCTG 207 or department approval

In cooperation with the Internship Coordinator, each student is assisted in locating an appropriate training station where a minimum of fifteen hours per week of on-the-job work experience is provided. The student's work will include experiences which involve accounting activities. This course may be repeated one time.