Page 104

NCC_Catalog

Northwest Iowa Community College Catalog 2017–2018 102 A__C__C__O___U_N__T__I_N__G_____________________________________ ACC111-A Introduction to Accounting 3 This course is designed to teach the key concepts and skills required to record a variety of accounting entries for both a service and merchandising business, to prepare financial statements, to record payroll entries, to prepare payroll records, and to utilize good cash management skills. The skills learned will prepare students for direct job entry as small business owners and entrepreneurs. Accounting concepts are applied to a variety of companies. ACC118-C Introduction to Accounting Systems 3 This is a course in beginning accounting, emphasizing the basic principles, practices, and terminology of accounting. The focus is on accounting for a small business (sole proprietorship), and the units covered will take you through the accounting cycle (including adjusting entries). ACC131-A Principles of Accounting I 4 In this, the first of two courses in principles of accounting, you will learn basic theory and structure of accounting. Emphasis will be on accounting cycles and preparations of accounting statements for service and mercantile businesses, systems and controls, partnerships and corporations. ACC132-A Principles of Accounting II 4 In this course you will learn the fundamentals of financial statement analysis, long term liabilities, investments, managerial accounting for decision making, and accounting for manufacturing firms. Prerequisite: ACC131-A ACC142-A Financial Accounting 3 An introduction to the use of accounting in the decision making process. Information will be presented with a bias toward user orientation as opposed to preparer orientation. Course competencies will be developed in the areas of identifying the role of accounting in society, basic accounting and business terminology, concepts behind financial information, accepted accounting practices, analysis and interpretation of financial statements of sole proprietorships and corporations. ACC146-A Managerial Accounting 3 Managerial Accounting is a continuation of Financial Accounting. This course emphasizes financial statement analysis, including the reporting of cash flows, and managerial accounting as it relates to decision-making and to the manufacturing environment. This course serves as a foundation for other accounting courses for students planning careers in accounting, as well as providing for the needs for students in business administration. ACC161-E Payroll Accounting 3 Completion of this course will enable you to identify the various laws that affect employers in their payroll operations, know the record-keeping requirements of these laws, realize the importance of these laws, and identify the procedures employed in a typical payroll accounting system. You will also prepare manual and computer generated payrolls. Corequisite: ACC131-A ACC221-A Cost Accounting 3 You will learn to account for the distribution of materials, labor and overhead costs under job order, process, standard cost systems, and activity based systems. You will relate the principles and methods of applying manufacturing costs and expenses to the formation of reports for management. Prerequisite: ACC132-A ACC231-A Intermediate Accounting I 4 This course will provide you with increased emphasis on the fundamental theories of financial accounting and reporting. Special emphasis will be given to balance sheet accounts. Prerequisite: ACC132-A ACC232-A Intermediate Accounting II 4 In this course you will study long-term investments, current and contingent liabilities, long-term liabilities, leases, pensions, owners’ equity, financial reporting, and statement analysis. Prerequisite: ACC231-A ACC237-A Intermediate Accounting I 4 An in-depth study of selected financial accounting theory and practices. Topics may include professional organizations, structures, financial statements, the time-value of money, inventories, and other current and non-current assets and liabilities. As time permits some other specialty topics will be looked at; such as the statement of cash flows, accounting for leases, and revenue recognition. ACC261-A Income Tax Accounting 3 This course introduces the general theory and procedure pertaining to federal taxation. Applications of Federal laws as they pertain to (1) income of individual partnerships, joint ventures, estates, trusts, and corporations; (2) gifts; (3) estates; and (4) social security are studied. ACC265-A Income Tax Accounting 4 You will learn the basic information needed to prepare income tax returns for individuals. You will also be introduced to and prepare income tax returns for partnerships and corporations. Prerequisite: ACC132-A ACC311-A Computer Accounting 3 This course introduces computerized accounting methods. Through hands-on computer work, the student will become familiar with the procedures necessary to complete tasks involving the general ledger, accounts payable, accounts receivable, bank reconciliation, budgeting, purchase order processing and inventory, sales order processing and inventory, fixed assets and payroll within a software application package. Learners practice setting up service and merchandising businesses and convert a manual accounting system to an electronic one. Prerequisite: ACC131-A ACC312-E Computer Accounting 4 This course will give you hands-on experience dealing with integrated accounting computer programs. You will utilize the computer to generate journals, ledgers, and financial statements. In addition, you will use the computer to do financial statement analysis, compute depreciation schedules, perform payroll operations, and prepare payroll reports. Prerequisite: ACC131-A COURSE DESCRIPTIONS


NCC_Catalog
To see the actual publication please follow the link above