Accounting ACCT 100 – 3 Credits Practical Accounting/Bookkeeping Provides an overview of basic accounting principles, including skills needed for setup and maintenance of a sole proprietorship; suggested for students not majoring in Accounting or Business Administration to gain thorough understanding of financial records. 3 lecture hours per week. ACCT 100 is not a substitute for ACCT 101. When both are taken, only 5 credits are awarded. Corequisites: ENGL 052, RDNG 052, MATH 081 ACCT 101 – 3 Credits Principles of Accounting I Provides in-depth study of the accounting cycle for sole proprietorships, including record-keeping, preparation of financial statements, and the theory of accounts; uses computer technology and problem-solving techniques to supplement classroom work. 3 lecture hours per week. CLEP exam is accepted. Prerequisites: RDNG 052, ENGL 052, and MATH 081 ACCT 102 – 3 Credits Principles of Accounting II Defines accounting practices for partnerships and corporations through the use of specific accounting problems; explains current accounting systems procedures and the preparation of financial statements, as well as managerial and cost accounting methods. 3 lecture hours per week. CLEP exam is accepted. Prerequisite: ACCT 101 ACCT 116 – 3 Credits Computerized Accounting Studies the use of small computers in business, emphasizing accounting applications and the importance of accounting data to business decisions; places accounting principles in a computerized setting and introduces computerized accounting software. 3 lecture hours per week. Prerequisite: ACCT 101 ACCT 132 – 3 Credits Comprehensive Spreadsheets Provides in-depth study of an integrated spreadsheet environment that is widely used on microcomputer and network systems; studies spreadsheet, database, graphic features, macro development, the integration of this package with other microcomputer packages, data security, and data integration techniques. 3 lecture hours. This course is delivered in a combination lecture and hands-on format. NOTE: Same as CINS 132. Credit can be earned for one course only. Prerequisite: CINS 101 or written permission from program director or academic dean required ACCT 201 – 3 Credits Intermediate Accounting I Explains financial accounting standard setting, concepts of financial accounting, balance sheets and income statements, and revenue and expense recognition; defines accounting for current assets, current liabilities, fixed assets, and intangible assets. 3 lecture hours per week. Prerequisite: ACCT 102 ACCT 202 – 3 Credits Intermediate Accounting II Continues the study of financial accounting standards; emphasizes accounting for inventories, securities, stockholders' equity, long-term liabilities, earnings per share, accounting changes, error analysis, and cash flow. 3 lecture hours per week. Prerequisite: ACCT 201 or written permission from instructor required ACCT 221 – 3 Credits Principles of Auditing I Details the fundamental principles of auditing, to include the study and review of internal accounting controls, auditing standards, professional ethics, and reporting standards; explores data processing and statistical applications of auditing. 3 lecture hours per week. Prerequisite: ACCT 202 ACCT 225 – 3 Credits Cost Accounting Describes the nature and purpose of cost accounting in relation to industrial situations; highlights common practices of job order cost accounting, processes, standard and direct costing, preparation of cost statements, analysis of cost information, and project planning and control. 3 lecture hours per week. Prerequisite: ACCT 102 ACCT 230 – 3 Credits Advanced Accounting I Studies the application of accounting and business problems; explains financial statement presentation, business combinations and consolidated financial statements, and foreign operations. 3 lecture hours per week. Prerequisite: ACCT 202 ACCT 231 – 3 Credits Advanced Accounting II Focuses on the application of accounting and business problems; presents real-life situations involving partnership accounting, government accounting, not-for-profit accounting and segment and interim reporting. 3 lecture hours per week. Prerequisite: ACCT 230 ACCT 241 – 3 Credits Tax Accounting I Presents thorough analysis of federal, state, and local taxation related to individuals; provides federal experience in the use of federal and state forms. 3 lecture hours per week. Prerequisite: ACCT 102 ACCT 242 – 3 Credits Tax Accounting II Examines federal income tax laws and how they are applied to partnerships, corporations, and estates and trusts; demonstrates the actual preparation of federal and state tax returns. 3 lecture hours per week. Prerequisite: ACCT 241 ACCT 251 – 3 Credits Tax Preparation Focuses on the problem-solving approach to income tax preparation; highlights the short form 1040-A, regular 1040, and supporting schedules of investment income, itemized deductions, business income including self-employment tax, gains and losses on the sale of investment and business assets, and unusual tax computations. 3 lecture hours per week. Prerequisite: ACCT 102