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Academics > Courses > Accounting
 
 

Accounting

AC 100 Computerized Accounting/4 (30-30)
Presents the basic structure of accounting applications through the use of computerized accounting software.  Involved in accounting for a service type business and merchandising business.  Deprecation methods, financial statements, journals, vouchers, sales and purchases invoices, and inventory methods are covered.  All aspects of banking procedures are addressed.  Complete review of payables and receivables and how to produce daily reports are introduced.

AC 101 Principles of Accounting I/4 (30-30)
Presents the basic structure of accounting. Emphasis is placed on recording, classifying, and summarizing accounting information. Attention is given to procedures related to clerical work, such as payroll, bank reconciliation and journalizing, general ledger posting, and financial statement preparation.

AC 102 Principles of Accounting II/4 (30-30)
Studies accounting for notes, interest, inventory, prepaid expenses, and plant assets. Emphasis is placed on accrual basis accounting applied to a medium-sized business.  Studies the nature and formation of corporations including classes of stocks, stock subscriptions, dividends, intangibles, and bonds.
Prerequisite: AC 101

AC 200 Advanced Computerized Accouting/4 (30-30)
Continues the usage of computerized accounting software for small businesses.  Recording transactions by entering sales and purchase invoices, paying bills, receiving payments, making deposits, retrieving reports, and financial statement information.

AC 201 Payroll Accounting/4 (30-30)
Presents the basic elements of a payroll system. Maintaining modern payroll records and accounting for wages and salaries, social security, federal unemployment, and withholding taxes are practiced.
Prerequisite: AC 101

AC 202 Individual Taxation/4 (30-30)
A practical study that involves a study of federal income taxes rules and regulations, recognition of income and deductions, capital gains and losses for individuals, withholdings, and instructions for completing individual tax returns.

AC 203 Business Taxation/4 (30-30)
A practical study that involves a study of federal tax rules and regulations regarding income, expenses, gains and losses for all type of business entities, such as C Corporations, S corporations, partnerships, LLC and other taxable entities are examined and forms are reviewed.

AC 206 Managerial Accounting/4 (30-30)
This enables students to use what they have learned in accounting classes to use critical and analytical thinking in making business decisions.  Taking raw data and using that data to make business decisions.

AC 207 Cost Accounting/4 (30-30)
A course to teach the principles of cost accounting.  For raw material production to finish goods.  This course will cover product cost, overhead cost, transferring prices, and inventory.  Cost analysis for management decisions making throughout the productoins line of operations is reviewed.