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ACCOUNTING
ACCT 2301 - PRINCIPLES OF FINANCIAL ACCOUNTING
This course is an introduction to the fundamental concepts of financial accounting as prescribed by U.S. generally accepted accounting principles (GAAP) and applied to transactions and events that affect business organizations. Students will examine the procedures and systems to accumulate, analyze, measure, and record financial transactions. Students will use recorded financial information to prepare a balance sheet, income statement, statement of cash flows, and statement of shareholders' equity to communicate the business entity's results of operations and financial position to users of financial information who are external to the company. Students will study the nature of assets, liabilities, and owners' equity while learning to use reported financial information for purposes of making decisions about the company. Students will be exposed to International Financial Reporting Standards (IFRS).
This course is an introduction to the fundamental concepts of financial accounting as prescribed by U.S. generally accepted accounting principles (GAAP) and applied to transactions and events that affect business organizations. Students will examine the procedures and systems to accumulate, analyze, measure, and record financial transactions. Students will use recorded financial information to prepare a balance sheet, income statement, statement of cash flows, and statement of shareholders' equity to communicate the business entity's results of operations and financial position to users of financial information who are external to the company. Students will study the nature of assets, liabilities, and owners' equity while learning to use reported financial information for purposes of making decisions about the company. Students will be exposed to International Financial Reporting Standards (IFRS).
Upon completion, students will be able to:
Use basic accounting terminology and the assumptions, principles, and constraints of the accounting environment.
Identify the difference between accrual and cash basis accounting.
Analyze and record business events in accordance with U.S. generally accepted accounting principles (GAAP).
Prepare adjusting entries and close the general ledger.
Prepare financial statements in an appropriate U.S. GAAP format, including the following: income statement, balance sheet, statement of cash flows, and statement of shareholders' equity.
Analyze and interpret financial statements using financial analysis techniques.
Describe the conceptual differences between International Financial Reporting Standards and U.S. generally accepted accounting principles.
Grade Basis: L
Credit Hours: 3
Lecture hours: 48.0
ACCT 2302 - PRINCIPLES OF MANAGERIAL ACCOUNTING
This course is an introduction to the fundamental concepts of managerial accounting appropriate for all organizations. Students will study information from the entity's accounting system relevant to decisions made by internal managers, as distinguished from information relevant to users who are external to the company. The emphasis is on the identification and assignment of product costs, operational budgeting and planning, cost control, and management decision making. Topics include product costing methodologies, cost behavior, operational and capital budgeting, and performance evaluation.
This course is an introduction to the fundamental concepts of managerial accounting appropriate for all organizations. Students will study information from the entity's accounting system relevant to decisions made by internal managers, as distinguished from information relevant to users who are external to the company. The emphasis is on the identification and assignment of product costs, operational budgeting and planning, cost control, and management decision making. Topics include product costing methodologies, cost behavior, operational and capital budgeting, and performance evaluation.
Upon completion, students will be able to:
Identify the role and scope of financial and managerial accounting and the use of accounting information in the decision making process of managers
Define operational and capital budgeting, and explain its role in planning, control, and decision making
Prepare an operating budget, identify its major components, and explain the interrelationships among its various components
Explain methods of performance evaluation
Use appropriate financial information to make operational decisions
Demonstrate use of accounting data in the areas of product costing, cost behavior, cost control, and operational and capital budgeting for management decisions
Grade Basis: L
Credit Hours: 3
Lecture hours: 48.0
Prerequisites:
ACCT 2301 - PRINCIPLES OF FINANCIAL ACCOUNTING
ACNT 1303 - INTRODUCTION TO ACCOUNTING I
A study of analyzing, classifying, and recording business transactions in a manual and computerized environment. Emphasis on understanding the complete accounting cycle and preparing financial statements, bank reconciliations and payroll.
A study of analyzing, classifying, and recording business transactions in a manual and computerized environment. Emphasis on understanding the complete accounting cycle and preparing financial statements, bank reconciliations and payroll.
Upon completion, students will be able to:
Define accounting terminology
Analyze and record business transactions in a manual and computerized environment
Complete the accounting cycle
Prepare financial statements
Apply accounting concepts related to cash and payroll
Prepare bank reconciliations
Correct accounting errors
Grade Basis: L
Credit Hours: 3
Lecture hours: 32.0
Lab hours: 32.0
ACNT 1304 - INTRODUCTION TO ACCOUNTING II
A study of accounting for merchandising, notes payable, notes receivable, valuation of receivables and equipment, and valuation of inventories in a manual and computerized environment.
A study of accounting for merchandising, notes payable, notes receivable, valuation of receivables and equipment, and valuation of inventories in a manual and computerized environment.
Upon completion, students will be able to:
Define accounting terminology.
Analyze and record business transactions for a merchandising operation in a manual and computerized environment.
Calculate interest.
Apply valuation methods for receivables and payables.
Utilize various inventory and depreciation methods.
Identify internal control procedures for inventory, receivables, and payables.
Grade Basis: L
Credit Hours: 3
Lecture hours: 32.0
Lab hours: 32.0
ACNT 1305 - FORENSIC ACCOUNTING
Accounting fraud and examination designed to provide a basic understanding of the impact that fraud has on an organization.
Accounting fraud and examination designed to provide a basic understanding of the impact that fraud has on an organization.
Upon completion, students will be able to:
Describe how fraud is committed.
Explain how internal control systems can deter fraudulent acts.
Identify signs of occupational fraud.
Explain anti-fraud prevention methods.
Grade Basis: L
Credit Hours: 3
Lecture hours: 48.0
ACNT 1311 - INTRODUCTION TO COMPUTERIZED ACCOUNTING
Introduction to utilizing the computer in maintaining accounting records with primary emphasis on a general ledger package.
Introduction to utilizing the computer in maintaining accounting records with primary emphasis on a general ledger package.
Upon completion, students will be able to:
Utilize an application software to perform accounting tasks
Maintain records
Prepare reports
Analyze reports for a business entity
Complete a comprehensive project
Explain the components of general ledger software
Grade Basis: L
Credit Hours: 3
Lecture hours: 32.0
Lab hours: 32.0
ACNT 1313 - COMPUTERIZED ACCOUNTING APPLICATIONS
Use of the computer to develop and maintain accounting records and to process common business applications for managerial decision-making.
Use of the computer to develop and maintain accounting records and to process common business applications for managerial decision-making.
Upon completion, students will be able to:
Utilize spreadsheet and/or database software for accounting and management applications.
Complete a comprehensive project.
Grade Basis: L
Credit Hours: 3
Lecture hours: 32.0
Lab hours: 32.0
ACNT 1325 - PRINCIPLES OF ACCOUNTING I
A study of accounting concepts and their application in transaction analysis and financial statement preparation. Emphasis on the accounting cycle for service and merchandising enterprises.
A study of accounting concepts and their application in transaction analysis and financial statement preparation. Emphasis on the accounting cycle for service and merchandising enterprises.
Upon completion, students will be able to:
Apply generally accepted accounting principles, concepts, and procedures
Complete the accounting cycle for service and merchandising enterprises
Grade Basis: L
Credit Hours: 3
Lecture hours: 32.0
Lab hours: 32.0
ACNT 1329 - PAYROLL & BUSINESS TAX ACCOUNTING
A study of payroll procedures, taxing entities, and reporting requirements of local, state, and federal taxing authorities in a manual and computerized environment.
A study of payroll procedures, taxing entities, and reporting requirements of local, state, and federal taxing authorities in a manual and computerized environment.
Upon completion, students will be able to:
Calculate employee payroll and employer-related taxes
Prepare related tax forms
Manage payroll records required to reflect current laws and regulations
Grade Basis: L
Credit Hours: 3
Lecture hours: 32.0
Lab hours: 32.0
ACNT 2302 - ACCOUNTING CAPSTONE
Allows students to apply broad knowledge of the accounting profession through discipline specific projects involving the integration of individuals and teams performing activities to simulate workplace situations.
Allows students to apply broad knowledge of the accounting profession through discipline specific projects involving the integration of individuals and teams performing activities to simulate workplace situations.
Upon completion, students will be able to:
Complete the accounting cycle for service and merchandising businesses.
Demonstrate computer skills related to accounting applications in business.
Prepare financial reports;
Communicate report findings in written and/or oral form.
Solve complex accounting issues.
Participate in research and discussion on accounting issues, trends, and/or situations.
Grade Basis: L
Credit Hours: 3
Lecture hours: 32.0
Lab hours: 32.0
Restrictions:
Instructor approval required.
ACNT 2303 - INTERMEDIATE ACCOUNTING I
Analysis of generally accepted accounting principles, concepts, and theory underlying the preparation of financial statements.
Analysis of generally accepted accounting principles, concepts, and theory underlying the preparation of financial statements.
Upon completion, students will be able to:
Identify objectives of financial accounting.
Define generally accepted accounting principles.
Prepare and analyze financial statements.
Analyze complex transactions affecting asset accounts.
Grade Basis: L
Credit Hours: 3
Lecture hours: 32.0
Lab hours: 32.0
ACNT 2304 - INTERMEDIATE ACCOUNTING II
Continued in-depth analysis of generally accepted accounting principles underlying the preparation of financial statements including comparative analysis and statement of cash flows.
Continued in-depth analysis of generally accepted accounting principles underlying the preparation of financial statements including comparative analysis and statement of cash flows.
Upon completion, students will be able to:
Prepare financial statements.
Analyze financial statements.
Apply concepts in measuring, recording, and reporting stockholder's equity and earnings per share.
Analyze complex transactions affecting liability and equity accounts.
Grade Basis: L
Credit Hours: 3
Lecture hours: 32.0
Lab hours: 32.0
ACNT 2311 - MANAGERIAL ACCOUNTING
Practical applications of accounting with emphasis on cost behavior, capital management decisions, budgeting, and financial statement analysis.
Practical applications of accounting with emphasis on cost behavior, capital management decisions, budgeting, and financial statement analysis.
Upon completion, students will be able to:
Apply accounting concepts to analyze and interpret information for management decision-making.
Grade Basis: L
Credit Hours: 3
Lecture hours: 32.0
Lab hours: 32.0
ACNT 2331 - INTERNAL CONTROL AND AUDITING
Internal controls, auditing standards and processes used by internal auditors, managers, and independent public accountants.
Internal controls, auditing standards and processes used by internal auditors, managers, and independent public accountants.
Upon completion, students will be able to:
Analyze internal control procedures.
Describe auditing standards, procedures and the audit reports.
Prepare audit working papers with related schedules.
Grade Basis: L
Credit Hours: 3
Lecture hours: 48.0
ACNT 2332 - ACCOUNTING INFORMATION SYSTEMS
A study of accounting information systems and related subsystems, including data collection, security, retrieval, manipulation, filtering and sorting of data.
A study of accounting information systems and related subsystems, including data collection, security, retrieval, manipulation, filtering and sorting of data.
Upon completion, students will be able to:
Describe the purposes of an accounting information system.
Apply concepts and terms that provide the foundation of accounting information systems.
Grade Basis: L
Credit Hours: 3
Lecture hours: 32.0
Lab hours: 32.0
ACNT 2336 - FINANCIAL STATEMENT ANALYSIS
Financial statement analysis from a decision-maker's perspective. This course may also be offered for qualifying education credit for CPA examinations by Texas community colleges that meet Texas State Board of Public Accountancy standards.
Financial statement analysis from a decision-maker's perspective. This course may also be offered for qualifying education credit for CPA examinations by Texas community colleges that meet Texas State Board of Public Accountancy standards.
Upon completion, students will be able to:
Identify the objectives of financial statement.
Examine the accounting principles used in compiling financial statements.
Describe the qualitative characteristics of financial statements.
Analyze financial statements including analysis of accounts, variance, trends, and ratios.
Grade Basis: L
Credit Hours: 3
Lecture hours: 48.0
ACNT 2371 - INTERMEDIATE BOOKKEEPING FOR SMALL BUSINESS
Course will focus on recording and valuation of Inventory, Receivables, Payables and Plant and Equipment. Students will prepare adjusting entries, financial statements and closing entries. Recording transactions in special journals and subsidiary ledgers will be addressed.
Course will focus on recording and valuation of Inventory, Receivables, Payables and Plant and Equipment. Students will prepare adjusting entries, financial statements and closing entries. Recording transactions in special journals and subsidiary ledgers will be addressed.
Upon completion, students will be able to:
Record inventory, receivables, payables and plant and equipment transactions for a business.
Demonstrate the use of general journal, general ledger, special journals and subsidiary ledgers.
Prepare adjusting entries, financial statements and closing entries.
Grade Basis: L
Credit Hours: 3
Lecture hours: 2.0
Lab hours: 2.0
Prerequisites:
ACNT 2372 - ADVANCED BOOKKEEPING FOR SMALL BUSINESS
Course will address advanced topics in bookkeeping. Students will review accounts payable processing, accounts receivable processing, payroll processing, prepare bank reconciliations, credit card reconciliations and other accounting tasks.
Course will address advanced topics in bookkeeping. Students will review accounts payable processing, accounts receivable processing, payroll processing, prepare bank reconciliations, credit card reconciliations and other accounting tasks.
Upon completion, students will be able to:
Demonstrate an understanding of accounts payable, accounts receivable and payroll processing.
Prepare a bank reconciliation for consecutive months.
Prepare credit card reconciliations.
Grade Basis: L
Credit Hours: 3
Lecture hours: 2.0
Lab hours: 2.0
Prerequisites:
ACNT 2371 - INTERMEDIATE BOOKKEEPING FOR SMALL BUSINESS