2012-2013 CCBC College Catalog

Accounting

ACCT 101 – 3 Credits
Principles of Accounting I

Provides in-depth study of the accounting cycle for sole proprietorships, including record-keeping, preparation of financial statements, and the theory of accounts; uses computer technology and problem-solving techniques to supplement classroom work. 3 lecture hours per week. CLEP exam is accepted. NOTE: Course offered every fall, spring and may be offered during additional sessions.

Prerequisites: RDNG 052 or ESOL 054 and ENGL 052 or ESOL 052 or ACLT 052; and MATH 081

ACCT 102 – 3 Credits
Principles of Accounting II

Defines accounting practices for partnerships and corporations through the use of specific accounting problems; explains current accounting systems procedures and the preparation of financial statements, as well as managerial and cost accounting methods. 3 lecture hours per week. CLEP exam is accepted. NOTE: Course offered every fall, spring and may be offered during additional sessions.

Prerequisite: ACCT 101

ACCT 116 – 3 Credits
Computerized Accounting

Studies the use of small computers in business, emphasizing accounting applications and the importance of accounting data to business decisions; places accounting principles in a computerized setting and introduces computerized accounting software. 3 lecture hours per week. NOTE: Course offered every fall, spring and may be offered during additional sessions.

Prerequisite: ACCT 101

ACCT 132 – 3 Credits
Comprehensive Spreadsheets

Provides in-depth study of an integrated spreadsheet environment that is widely used on microcomputer and network systems; studies spreadsheet, database, graphic features, macro development, the integration of this package with other microcomputer packages, data security, and data integration techniques. 3 lecture hours. This course is delivered in a combination lecture and hands-on format. NOTE: Same as CSIT 132. Credit can be earned for one course only. NOTE: Course offered every fall, spring and may be offered during additional sessions.

Prerequisite: CSIT 101 or written permission from program director or academic dean required

ACCT 201 – 3 Credits
Intermediate Accounting I

Explains financial accounting standard setting, concepts of financial accounting, balance sheets and income statements, and revenue and expense recognition; defines accounting for current assets, current liabilities, fixed assets, and intangible assets. 3 lecture hours per week. NOTE: Course offered every fall, spring and may be offered during additional sessions.

Prerequisite: ACCT 102

ACCT 202 – 3 Credits
Intermediate Accounting II

Continues the study of financial accounting standards; emphasizes accounting for inventories, securities, stockholders' equity, long-term liabilities, earnings per share, accounting changes, error analysis, and cash flow. 3 lecture hours per week. NOTE: Course offered every fall, spring and may be offered during additional sessions.

Prerequisite: ACCT 201 or written permission from instructor required

ACCT 221 – 3 Credits
Principles of Auditing I

Details the fundamental principles of auditing, to include the study and review of internal accounting controls, auditing standards, professional ethics, and reporting standards; explores data processing and statistical applications of auditing. 3 lecture hours per week. NOTE: Course offered every fall, spring and may be offered during additional sessions.

Prerequisite: ACCT 202

ACCT 225 – 3 Credits
Cost Accounting

Describes the nature and purpose of cost accounting in relation to industrial situations; highlights common practices of job order cost accounting, processes, standard and direct costing, preparation of cost statements, analysis of cost information, and project planning and control. 3 lecture hours per week. NOTE: Course offered every fall, spring and may be offered during additional sessions.

Prerequisite: ACCT 102

ACCT 230 – 3 Credits
Advanced Accounting I

Studies the application of accounting and business problems; explains financial statement presentation, business combinations and consolidated financial statements, and foreign operations. 3 lecture hours per week. NOTE: Courses offered less than once a year.

Prerequisite: ACCT 202

ACCT 231 – 3 Credits
Advanced Accounting II

Focuses on the application of accounting and business problems; presents real-life situations involving partnership accounting, government accounting, not-for-profit accounting and segment and interim reporting. 3 lecture hours per week. NOTE: Courses offered less than once a year.

Prerequisite: ACCT 230

ACCT 241 – 3 Credits
Tax Accounting I

ACCT 242 – 3 Credits
Tax Accounting II

Examines federal income tax laws and how they are applied to partnerships, corporations, and estates and trusts; demonstrates the actual preparation of federal and state tax returns. 3 lecture hours per week. NOTE: Course offered every fall, spring and may be offered during additional sessions.

Prerequisite: ACCT 241

ACCT 251 – 3 Credits
Tax Preparation

Focuses on the problem-solving approach to income tax preparation; highlights the short form 1040-A, regular 1040, and supporting schedules of investment income, itemized deductions, business income including self-employment tax, gains and losses on the sale of investment and business assets, and unusual tax computations. 3 lecture hours per week. NOTE: Courses offered less than once a year.

Prerequisite: ACCT 102