Accounting (ACCT)

ACCT 102. Fundamentals of Accounting

Credits: 3
Typically Offered: FALLSPR
Begins with an overview of the accounting process then covers computerized accounting procedures, accounting cycle, financial statements, cash, voucher systems and controls, notes and interest, deferrals and accruals, receivables and temporary investments, and inventories using a fully integrated accounting software package. This course will not fulfill the accounting requirement for accounting and/or business administration majors.

ACCT 200. Elements of Accounting I

Credits: 3
Typically Offered: FASPSU
Covers accounting procedures, accounting cycle, financial statements, deferrals and accruals, cash receivables and temporary investments, inventory, plant and intangible assets, current liabilities (including payroll and taxes). The course concludes with a practice set which focuses on a sole proprietary entity.

ACCT 201. Elements of Accounting II

Credits: 3
Prerequisite: ACCT 200.
Typically Offered: FASPSU
Covers accounting procedures, corporate entities, transactions involving stocks, bonds, and dividends, consolidated statements, financial statement analysis, annual reports, statements of cash flows, an introduction to managerial accounting using job order and process cost systems, budgeting and a practice set.

ACCT 215. Business in the Legal Environment

Credits: 3
Typically Offered: SPRING
This course, taught by a local attorney, is a study of the nature, formation, and application of law in general, with emphasis on public law and the regulation of business.

ACCT 218. Computer Applications in Business

Credits: 3
Prerequisite: ACCT 102 or ACCT 200.
Typically Offered: FALLSPR
A study of accounting applications using computers, including programs on accounts receivable, accounts payable, payroll and inventories. This course is taught using software currently used in the business working environment. This course will not fulfill the accounting requirement for accounting and/or business administration majors.

ACCT 225. Business Law I

Credits: 3
Typically Offered: FALLSPR
This course, taught by a local attorney, covers introduction to law, contracts, agency, employment, and negotiable instruments.