Accounting Course Descriptions - Southern State Community College





	Accounting (ACCT) A u preceding a course number indicates that the course is part of the transfer module. ACCT 104 Principles of Accounting I 4 credits An introduction to fundamental accounting concepts, principles, and procedures as they relate to recording transactions, adjusting accounts, preparing financial statements, preparing a worksheet, closing and service concerns, accounting for cash, notes and accounts receivable. ACCT 105 Principles of Accounting II Prerequisite: ACCT 104 4 credits This course is a continuation of the introduction to fundamental accounting principles and procedures. Mastery of various methods of depreciation, payroll accounting, inventory costing methods, partnership accounting, and the organization and operation of corporations are covered. ACCT 106 Principles of Accounting III Prerequisite: ACCT 104 4 credits An introduction to analyzing and comparing financial statements, understanding price-level changes, departmental and responsibility accounting, manufacturing accounting, cost accounting, job order and process, budgeting, cost-volume-profit analysis, and tax considerations in business decisions. ACCT 110 Office Accounting 4 credits An introduction to fundamental accounting concepts, principles, and procedures as they relate to recording transactions, adjusting accounts, preparing financial statements, preparing a worksheet, closing and service concerns, accounting for cash, notes and accounts receivable. ACCT 199 Seminar 1-9 credits Discussion of particular problems related to chosen program and areas of special interest. ACCT 201 Intermediate Accounting I Prerequisite: ACCT 105 3 credits An in-depth review of the theoretical foundations of financial accounting and reporting, the accounting model and information processing, the income statement and retained earnings statement, balance sheet and statement of changes in financial position, concepts of future and present value system, short-term investments and general inventory problems. ACCT 202 Intermediate Accounting II Prerequisite: ACCT 105 3 credits This course will further develop the theoretical foundations of special inventory procedures, measuring, recording and reporting liabilities and income taxes, acquisition, use and retirement property, plant, and equipment; measuring and recording intangible assets; and accounting for capital and operating leases. ACCT 203 Intermediate Accounting III Prerequisite: ACCT 105 3 credits This course will revolve around financial statement analysis; specifically, the areas of earnings and earnings distribution, changes in financial position, uses of comparative data, special measurements of liquidity and profitability, and preparation of statements from incomplete records. ACCT 206 Cost Accounting Prerequisite: ACCT 104 3 credits The course is a basic cost accounting course geared to the concepts of management, fundamental costs reports, design and operation of information systems, job order and process costing, by-products and joint product costing, planning and control of factory overhead and departmentalization of factory overhead for product costing and cost control. ACCT 208 Managerial Accounting Prerequisite: ACCT 105 3 credits This course is an introduction to management accounting. It will focus on characteristics of organizations, types of management accounting information systems for cost accumulation, nature of alternative choice problems, capital investment decisions and methods used in compiling and analyzing data used in the decision making process. ACCT 209 Not-for-Profit Accounting Prerequisite: ACCT 105 3 credits This course introduces the operating philosophy of nonprofit enterprises as it relates to the accounting practices of those organizations. It will develop the not-for-profit philosophy by working specifically with the following funds: General, Special Revenue, Capital Project, Debt Service, Inter-Governmental, Trust and Agency, Special Assessment, and Enterprise. ACCT 210 Tax Accounting 3 credits This is an introductory course in tax accounting. Emphasis is focused on the principles of federal income taxation as they relate to individuals and simple trusts, including the laws, rulings and regulations that govern the preparation of individual tax returns. ACCT 221 Auditing Prerequisite: ACCT 105 3 credits This course will provide a sweeping overview of auditing. Special attention will be given to the nature and economic purpose of audits, auditing standards, professional ethics, auditor’s legal liability, the study and evaluation of internal control, the nature of audit evidence, and auditing technique. ACCT 230 Accounting Applications Prerequisite: ACCT 105 3 credits Course will simulate the work required of an entry level accountant in a computerized environment. This course requires the student to set up a complete set of books for a company and maintain the system for a complete accounting period. Areas to be addressed include payroll, journals, financial statement and budget preparation.