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. | |
| |
|
| 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. Corequisite of AC 1011 is recommended. | |
| |
|
| 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 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. Corequisite of AC 1031 is recommended. |
|
| |
|
| 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 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: Grade of C or higher in AC 1023. Corequisite of AC 1051 is recommended. |
|
| |
|
| 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 provides a direct business application by utilizing QuickBooks, a commercial computerized general ledger software, to process and apply accounting information. Emphasis is placed on transaction cycles, structured analysis, design of accounting information systems and processes for a merchandising and manufacturing enterprise.
Prerequisite: AC 1023 |
|
| |
|
| 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 |
|
| |
|
| 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 |
|
| |
|
| 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 |
|
| |
|
| 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 |
|
| |
|
| 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 |
|
| |
|
| 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 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 |
|
| |
|
