ACC 207 - Financial Accounting Systems and Procedures

Institution:

Greenfield Community College

Subject:

Accounting

Description:

Designed as a final course in Financial Accounting for Accounting Associate majors. Emphasis is on internal control concepts and techniques as they apply to small and medium sized financial accounting systems. Topics covered include: an overview of flowcharting and basic internal controls in an accounting system, creation and indexing of work papers, complexities of bank reconciliations, using work sheets as a general ledger, conversion of a trial balance from a cash basis to the accrual basis, depreciation schedules and controls, an overview of payroll accounting systems, and the completion of tax forms. Completion of two practice sets required. (Offered: Every Spring) Prereq: ACC 122

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.gcc.mass.edu

Phone Number:

(413) 775-1000

Regional Accreditation:

New England Association of Schools and Colleges

Calendar System:

Semester

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