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Course Catalog: Accounting

AC 0100-1003 0.5-3.0
Workshop/Seminar
Introductory level course designed to upgrade or develop specific skills relative to current or anticipated employment.
Prerequisite: None

AC 0113 3.0
Intro to Accounting
This course will cover the accounting cycle through the creation of journal entries, ledger postings, adjusting entries, closing entries and financial statements. The preparation of bank reconciliation reports and general payroll calculations will also be covered.
Prerequisite:None

AC 1003 3.0
Financial Acctg I Lec
This course is a study of basic accounting principles and procedures utilizing double entry accounting for service and merchandising sole proprietorship businesses. This course of study will cover the complete accounting cycle, the development of special journals, deferrals, accruals, payroll, and the preparation of financial statements in various presentation formats. Students perform basic financial statement analysis in relationship to standard industry financial ratios. The lab associated with this course is required for most Business related career/technical majors and is recommended for all other business transfer majors. Students should consult with their advisor. Recommended Corequisite:AC 1011

AC 1011 1.0
Financial Acctg I Lab
A laboratory period for Financial Accounting I students to work on assignments, under the supervision of an instructor, to reinforce accounting concepts and vocabulary, to complete examinations when necessary, and to study the results of the examinations. Students will also complete various assigned accounting problems and exercises in class. Corequisite: AC 1003.

AC 1022 2.0
Payroll Accounting
This course introduces the subject of payroll by presenting the federal and state rules and regulations governing employment, compensation and payroll taxes. It takes the student step-by-step through the entire payroll process from timekeeping, computation of gross earnings, determining federal income tax and other payroll tax withholdings; to preparing and distributing the payroll; to recording or accounting of wages, tax liabilities, and payment or deposits and required government documents.
Prerequisite: AC 1003

AC 1023 3.0
Financial Acctg II Lec
This course is a continuation of Financial Accounting I. This course will focus on plant and intangible assets transactions, general concepts of corporate accounting, partnerships, and limited liability companies. Emphasis is focused on the preparation of corporate and partnership financial statements, bond liabilities, investment reporting, and the preparation of the statement of cash flows. Students will also be exposed to accounting ethics and in-depth analysis of financial statements. The lab associated with this course is required for most Business related career/technical majors and is recommended for all other business transfer students. Student should consult with their advisor.
Prerequisite: AC 1003 Recommended Corequisite:AC 1031

AC 1031 1.0
Financial Acctg II Lab
A laboratory period for Financial Accounting II students to work on assignments and expand on concepts learned in the Financial II lecture period, under the supervision of an instructor. Students will complete various in class assignments, complete examinations when necessary, and to review and study the results of examinations. This lab is required for all Business related career/technical majors and is recommended for all other business transfer students. Students should consult with their advisor. Corequisite: AC 1023

AC 1033 3.0
Accounting Tech/Quickbooks
This course will begin with an overview of basic accounting principles and recording of transactions in manual form. As the student becomes familiar with the transactions in manual form they will be presented with the process and procedures to record the information into the QuickBooks software. Printing and analysis of reports and transactions will also be discussed. This course is designed for the professional that may be required to record accounting transactions for a small business. QuickBooks is the automated accounting system for this course. Pre/Corequisite: AC 1003 Financial Acctg I Lec

AC 1043 3.0
Managerial Accounting
This course extends the accounting concepts studied in the Financial Accounting I and II courses and focuses on the informational needs of a company's internal management. This course of study will introduce students to the concepts of development, interpretation, and uses of accounting reports and supplementary information for management planning, control, and decision-making. This course will also emphasize the application of relevant cost behavior, control, and traceability concepts in the preparation of internal accounting reports, with a secondary emphasis upon product costing techniques as appropriate to financial accounting needs. Topics include break-even analysis, operational budgeting, direct costing, absorption costing, standard costs and variance analysis, business segment analysis, responsibility accounting, distribution cost accounting, and gross profit analysis. Students will also be exposed to topics and issues related to pricing and profitability analysis, capital investment decisions and inventory management topics such as economic order quantity, just-in-time, and the theory of constraints. The lab associated with this course is required for most Business related career/technical majors and is recommended for all other business transfer students. Students should consult with their advisor.
Prerequisite: AC 1023, minimum grade of C. Recommended Corequisite: AC 1051

AC 1051 1.0
Managerial Accounting Lab
A laboratory period designed to help students apply managerial accounting concepts under the supervision of an instructor. Students will perform and complete assignments, problems, and exercises to demonstrate their understanding of managerial accounting concepts. This lab is required for Business related career/technical majors and recommended for all other business transfer students. Students should consult with their advisor. Corequisite: AC 1043

AC 2013 3.0
Computer Assisted Accounting
This course review theory, design and implementation of Accounting Information Systems, including the business application of current commercial software packages. Students design, use, and evaluate Accounting Information Systems in both manual an computerized environments. Emphasis is placed on transaction cycles, structured design of accounting information systems and processes for a merchandising enterprise.
Prerequisite: AC 1023 & AC 1033, minimum grade of C

AC 2021 1.0
Acctg Practicum
A course designed to give students practical working experience through the complete accounting cycle. A computer is used.
Prerequisite: AC 1023, minimum grade of C

AC 2033 3.0
Certified Bookkeeping
This course is intended for accounting majors interested in obtaining the professional designation of "Certified Bookkeeping". Course includes taking the national certification exam.
Prerequisite: AC 1043, minimum grade of C

AC 2043 3.0
Interm Acctg I
A review of the concepts and principles underlying external corporate reporting. This course covers a variety of financial accounting issues including assets, liabilities, revenue recognition, and accounting change analysis. FASB and IASB professional accounting changes, publications and announcements are emphasized where applicable.
Prerequisite: AC 1023, minimum grade C

AC 2053 3.0
Tax Accounting
A comprehensive study of the federal tax structure and the application of the principles related to specific individual and business tax problems. Emphasis is placed on minor research and solving various tax problems. Students will also engage in utilizing some tax software.
Prerequisite: AC 1023, minimum grade C

AC 2063 3.0
Interm Acctg II
A continuation of Intermediate Accounting I. This course covers a variety of financial accounting issues including corporate equities, income taxes, pensions, other post-employment benefits, leases, and the statement of cash flows. FASB and IASB professional accounting publications and announcements are emphasized where applicable. This course may be taken prior to AC 2043 Intermediate Accounting I.
Prerequisite: AC 1023, minimum grade C

AC 2073 3.0
Cost Accounting
A study of the principles and techniques of cost accounting with emphasis on the structure of cost accounting systems, summarizing and reporting of cost information. Topics include job order, process, and standard cost systems, analysis of the flow of costs in the accounting for materials, labor, and overhead in the manufacturing process. Additional topics include the preparation of various budgets and budget analysis. An introduction to computerized integrated manufacturing systems including just-in-time inventory and activity-based costing is reviewed and analyzed.
Prerequisite: AC 1043

AC 2123 3.0
Acctg Internship
A supervised work experience and opportunity in an actual accounting or business organization. Students must maintain various assigned work journals during the internship and will be collected and evaluated during the semester.
Prerequisite: AC 2043 or AC 2063, minimum grade C and approval of instructor

AC 2701-2705 1.0-5.0
I.S.-Accounting
A specialized program of study directly related to the department's area of expertise. The course is arranged between a faculty member and student and takes into consideration the needs, interests and background of the student.
Prerequisite: Consent of instructor.

AC 2711-2715 1.0-5.0
Special Topics-Accounting
Courses are offered to accommodate special interests of students and/or faculty. Typically, the course will cover new material not currently contained in the curriculum at ECC.
Prerequisite: None

 
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