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Course Criteria
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3.00 Credits
An introduction to financial accounting concepts and principles, and the development of financial accounting information. The material is developed from the perspective of a user. Discussion will center on how users analyze and interpret financial information in the decision-making process. Prerequisite: ACCT 1123 or equivalent. [Fa,Sp,Su]
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3.00 Credits
A supervised on-the-job training experience in an appropriate business, industry, government agency, or institution. Approved internships will meet part of the program requirements for the Associate in Applied Science degree. Prerequisites: ACCT 2103, ACCT 2203, ACCT 2603, and approval of Faculty Coordinator (or Accounting Professor) and Accounting Chairperson. [Fa,Sp,Su]
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3.00 Credits
Introduction to managerial accounting. Emphasis on cost behavior and its uses for both short- and long-term decisions; including the concept of the budget and standards for planning and performance evaluation. Specific coverage includes manufacturing costs and control, cost behavior, profit planning, break-even analysis, and the decision-making process. Prerequisite: ACCT 2103. [Fa,Sp,Su]
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3.00 Credits
A study of the principles and concepts underlying general fund accounting and the use of special funds as applicable to government agencies. Prerequisite: ACCT 2103. [FA (pm)]
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3.00 Credits
An in-depth study of the following: cash, investments, receivables, inventories, plant and equipment, and intangible assets. Prerequisite: ACCT 2203.
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3.00 Credits
An in-depth study of basic cost principles, job order costing, process costing, accounting for materials, labor, and overhead costs. Prerequisite: ACCT 2203. [FA (pm)]
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3.00 Credits
An in-depth study of contingent and deferred liabilities, special activity affecting stockholders equity and the preparation and analysis of the financial reports. Prerequisite: ACCT 2313. [Sp (pm)]
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3.00 Credits
This course provides an overview of basic financial analysis problems such as credit investigation and analysis, measurement of risk, and reconcilement of net worth and balance sheet analysis. Prerequisites: ACCT 2203, BA 2403.
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3.00 Credits
A brief historical sketch of federal income tax with emphasis on completing individual income tax returns, including gross income, deductions for and from adjusted gross income, and tax credits. [Fa,Sp (pm)]
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3.00 Credits
An introduction to the requirements necessary to prepare federal income tax returns for small businesses, sole-proprietorships, partnerships, S corporations, and corporations. Emphasis will be in the determination of the revenues, expenses, gross profit, and taxable income of small businesses and preparation and filing of the Federal Income Tax return.
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