ACCOUNTING COURSES

Acc 230 Accounting for Entrepreneurs credit 3 hrs.

This course teaches the concepts and practices for entrepreneurs and students who plan to start or purchase a business. Students will learn the use of accounting tools for solving business problems, analyzing daily activities and evaluating the financial progress being made by the firm. Students will be trained to think like and take initiatives like entrepreneurs. Students are expected to use appropriate small business solution softwares. The course requires "hands-on" assignments. The teaching Pedagogy will also include additive learning. Topics will include accounting for sales, receivables, payables, payroll, and inventory. Others include developing revenue and cash projections, expense estimates for new ventures, small business Valuation, cost volume profit analysis, cost behavior, profit plan, and relevant cost analysis, ethical and tax aspects of small businesses. Prerequisites: none

Acc 231 Principles of Financial Accounting credit 3 hrs.

This course introduces students to the basic principles and concepts of recording, summarizing and reporting financial information. Prerequisites: Math 138.

Acc 232 Principles of Managerial Accounting credit 3 hrs.

A continuation of Principles of Financial Accounting, with emphasis on accounting problems related to the partnership, corporation and manufacturing operations. Prerequisite: Acc 231.

Acc 335 Intermediate Accounting I credit 3 hrs.

Intermediate Accounting is a comprehensive course in financial accounting theory and practice. The emphasis of the course is on accounting valuation and reporting of balance sheet accounts. Prerequisite: Acc 232.

Acc 336 Intermediate Accounting II credit 3 hrs.

This course is a continuation of an in-depth coverage of financial accounting theory and application, with emphasis on the accounting valuation and reporting of pensions, leases, stocks, bonds, investments, interperiod tax allocation and other financial topics. Prerequisite: Acc 335.

Acc 337 Cost and Management Accounting credit 3 hrs.

This course provides an analysis of accounting for manufacturing and service operations. It covers profitability management, job order, process, standard, and Activity Based Costing. It also includes, Management Accounting in a changing environment, capital budgeting decisions and more. Prerequisite: Acc 232.

Acc 431 Advanced Topics in Accounting credit 3 hrs.

This course integrates, Advanced Financial Accounting and Reporting , Advanced Cost and Management Accounting, and other contemporary issues in Accounting. Topics will be selected from the following areas: business combination and consolidation, multinational accounting, evaluating management performance, process management, budgeting, and the importance of analyzing and managing costs, supply chain management, executive compensation, pricing and customer value. Acc 336.

Acc 432 Accounting Information Systems credit 3 hrs.

A computerized study of systems design, application, internal control, auditing the system, and system security.

Acc 433 Taxation I credit 3 hrs.

This course is an analysis of the basic concepts of federal income tax laws as they apply to individuals, corporations, and partnerships. Preparation of individual and corporate income tax returns is emphasized. Prerequisite: Acc 336.

Acc 434 Taxation II credit 3 hrs.

This course is an analysis of federal and state tax laws relating to estates, gifts, trusts, corporate distributions, liquidations, and reorganizations. Prerequisite: Acc 433.

Acc 435 Auditing credit 3 hrs.

This course is a study of generally accepted auditing standards and the procedures used in conducting a financial statement audit. Ethics, legal liability of accountants, and other issues related to external and internal auditing are presented. Prerequisite: Acc 432.

Acc 437 Internal Auditing credit 3 hrs.

This course teaches the skills required for evaluating operational efficiency, adherence to corporate policies, and government regulations. It also covers the practice and theory of internal auditing, the planning and organizing of the internal audit department and how it links with the external audit. Problem solving, communication, and teamwork skills will be emphasized. Cases, guest lecturers from internal auditing organizations and sampling techniques will be utilized. Prerequisites: Acc 336, Acc 432

Acc 438 C.P.A. Review credit 3 hrs.

This course employs a practical reinforcement of accounting principles used in solving problems of the type confronting C.P.A. candidates. Prerequisites: Acc 336, 433 and 435.

Acc 440 Internship credit 3 hrs.

Internship integrates classroom study with planned and supervised experiences in business, gov-ernment, and social institutions outside the formal classroom environment. Field work experiences must be appropriate and lend themselves to direct supervision by an assigned departmental coordinator. If field work spaces cannot be secured off campus, positions at the College will be used to provide the equivalent experiences necessary to fulfill this requirement. Additionally, a senior research paper will be written and orally defended.

Source: Benedict College Catalogue, 2007-2009.