| ACCOUNTING (DESCRIPTIONS AND PREREQUISITES) |
| ACCO 101 |
General Accounting |
4 CR |
| Prerequisite: an ASSET reading score (RE) of 36 or higher, or a COMPASS reading score of 65 or higher, or successful completion of STSK 99. An introductory course in accounting which includes the recording and reporting of business transactions, completing the accounting cycle, and preparation of financial statements. Through exercises and problems, the student gains an understanding of the accounting process and the steps that result in financial statements. |
| ACCO 102 |
General Accounting |
4 CR |
| Prerequisite: ACCO 101. A continuation of ACCO 101, including the accounting for partnerships and corporations. Topics include income taxes, long-term liabilities, budgeting, and manufacturing/cost accounting. The objective is to give students an overview of generally accepted accounting principles and their importance in business. |
| ACCO 205 |
Computerized Accounting |
4 CR |
| Prerequisite: ACCO 101. An accounting course designed to give the student a hands-on experience processing financial records using a general ledger software package. Through the use of business projects, the student will become proficient in the use of accounts receivable, accounts payable, inventory, payroll, fixed assets, and general ledger. All projects will be completed using a Windows driven software package. Lab Fee |
| ACCO 211 |
Intermediate Accounting |
4 CR |
| Prerequisite: ACCO 102. A course designed to follow and expand upon the material learned in the accounting principles series. The course includes the study of cash, inventory, receivables, investments, property and equipment, current and long-term liabilities, and equity. The student will become proficient in using commercial accounting software on a microcomputer to maintain a general ledger and to prepare computerized financial statements. Lab Fee |
| ACCO 251 |
Cost Accounting |
4 CR |
| Prerequisite: ACCO 102. Cost accounting is the branch of accounting that deals with the planning, measurement, and control of costs. While all types of businesses (service, merchandising, and manufacturing) must have accurate and reliable cost information, the traditional focus of cost accounting has been on manufacturing costs and activities. Manufacturing is the transforming of raw materials into finished products by incurring factory costs. To reinforce the princ??le??of cost accounting, the student will complete a practice set for a manufacturing company. Lab Fee |
| ACCO 252 |
Income Taxation |
4 CR |
| A comprehensive introductory course in tax return preparation. Emphasis will be placed on tax issues and return preparation for individuals and unincorporated businesses. Primary focus is on the development of working familiarity with tax forms, documentation, and solution of tax problems affecting individuals. Federal taxation emphasized. Lab Fee |
| NOTE: The course descriptions for the Cooperative Education course electives within the Accounting Program can be found under the Business Administration (BUAD) course descriptions. |
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