ACCT 2401 Principles of Accounting I
4 Hours (3-3)
This course is designed to present a general knowledge of accounting principles and procedures for the sole proprietorship
and partnership form of business organization.
Topics and problems include the complete accounting
cycle, accounting systems and special purpose journals,
internal controls and merchandising transactions, and the
preparation of financial statements in accordance with generally
accepted accounting principles. The student will
study short-term liquid assets, including uncollectible
accounts and notes receivable; several methods of inventory
valuation and their effect upon operations; current liabilities
and payroll accounting, including employer payroll
taxes; the acquisition, depreciation (several methods), and
disposal of plant property and equipment; intangible
assets; and natural resources. Also studied are the accrual
and cash bases of accounting and the effects of inflation
and price-level changes.
ACCT 2402 Principles of Accounting II
4 Hours (3-3)
A continuation of ACCT 2401, this course includes the
study of corporate financial accounting data for cost control
and management decision making. The student is
required to learn accounting methodology used by corporations
to account for stocks, bonds, treasury stock, and
investments. The student will learn how to prepare all the
corporate financial statements. The student will use financial
statement analysis to determine a firm’s liquidity, profitability,
and solvency, and to track trends. The student will
learn the basics of manufacturing cost accounting and
product costing, as well as basic planning and control tools
such as break-even and marginal analysis. The course of
study will include the planning and budgeting function,
including cash budgeting and the use of standard costs for
cost control. The student will learn the variable costing
method, incremental cost analysis, and the use of present
value and other techniques to analyze alternatives such as
capital expenditures, make-or-buy, sales mix and other
managerial accounting decision making techniques.
Prerequisite: ACCT 2401.
ACNT 1329 Business and Payroll Accounting
3 Hours (3-0)
A study of payroll procedures, taxing entities, and reporting
requirements of local, state, and federal taxing authorities
in a manual and computerized environment. Students
will learn to process payroll and maintain personnel information
required by current laws. The course will also
include accounting for franchise taxes, sales tax, and an
overview of taxes relating to partnerships and corporations.
ACNT 1331 Individual Income Tax Accounting
3 Hours (3-0)
Basic instruction in the tax laws as currently implemented
by the Internal Revenue Service providing a working
knowledge of preparing taxes for the individual.
Prerequisite: ACCT 2401 or consent of instructor.
ACNT 1392 Special Topics in Accounting Technician
3 Hours (3-0)
Topics address recently identified current events, skills,
knowledge, and/or attitudes and behaviors pertinent to the
technology or occupation and relevant to the professional
development of the student. Special topics include:
Governmental & Not-for-Profit Accounting, Auditing, and
Intermediate Accounting. Prerequisite: ACCT 2402.
ACNT 1403 Introduction to Accounting I
4 Hours (3-3)
A study of analyzing, classifying, and recording business
transactions in a manual and computerized environment.
Emphasis on understanding the complete accounting cycle
and preparing financial statements, bank reconciliation,
and payroll. Co-requisite: ITSW 1404 or proficiency in
spreadsheets.
ACNT 1411 Introduction to Computerized Accounting
4 Hours (3-3)
This course presents an introduction to utilizing the computer
in maintaining accounting records, making management
decisions, and processing common business applications
with primary emphasis on a general ledger package
(Quickbooks). Prerequisite: ACNT 1403 or ACCT 2401.
ACNT 1413 Computerized Accounting Applications
4 Hours (3-3)
A study of utilizing the computer to develop and maintain
accounting record keeping systems, make management
decisions, and process common business applications with
emphasis on utilizing a spreadsheet and/or data base package/
program (Peachtree). The student will utilize software
(i.e. general ledger, spreadsheet, database) for accounting
and business applications; select appropriate software to
complete a task; complete a comprehensive project that
entails the major course competencies and outcomes; and
analyze a relevant topic with a written and oral presentation.
Prerequisite: ACNT 1403 or ACCT 2401.
ACNT 2370 Petroleum Accounting
3 Hours (3-0)
The student will acquire a basic understanding of the
accounting for successful efforts and full-cost companies.
Focus of the course will be in the areas of pre-drilling
operations, undeveloped properties, drilling and development
activities, oil and gas revenues, depreciation and
amortization, tax, and joint operations. Prerequisite: ACCT
2401.
ACNT 2382, 2383 Cooperative Education-Accounting Technician
3 Hours (1-0-20)
Career-related activities encountered in the student’s area
of specialization are offered through a cooperative agreement
between the college, employer, and the student.
Under supervision of the college and the employer, the student
combines classroom learning with work experience.
Directly related to a technical discipline, specific learning
objectives guide the student through the work experience.
This course may be repeated if topics and learning outcomes
vary. Prerequisite: ACCT 2401. |
