Certificate of Competency in Accounting
Program Course Offerings
| Course |
SEU Equivalent |
Prerequisite |
| Introduction to Accounting I |
ACCT 101 |
None |
| Introduction to Accounting II |
ACCT 102 |
ACCT 101 |
| Principles of Accounting |
ACCT 200 |
ACCT 102 |
| Intermediate Accounting I |
ACCT 203 |
ACCT 102 |
| Intermediate Accounting II |
ACCT 204 |
ACCT 102, ACCT 203 |
| Cost Accounting I |
ACCT 301 |
ACCT 200 or permission of
the Department Chair |
| Auditing |
ACCT 305 |
ACCT 200 or permission of
the Department Chair |
Tuition
The regular rate per credit hour is $255.00. This does not included fees, books, and supplies.
Class Descriptions
| Course Number |
Course Title |
Course Descriptions |
| ACCT 101 |
Introduction to Accounting I |
Emphasis is placed on the understanding of accounting data from the user's point of view. There is thus emphasis on analysis and interpretation of accounting data and understanding the accounting concepts needed in making internal management decisions. |
| ACCT 102 |
Introduction to Accounting II |
This course reinforces the fundamentals and basic concepts of accounting. It helps build practical accounting skills that are needed at an entry level accounting position. It also develops an understanding of concepts through examples of service and merchandising businesses and then moving on to manufacturing environment. |
| ACCT 200 |
Principles of Accounting |
The course builds upon the fundamental accounting principles given in ACCT 102 and gives students the necessary foundation to proceed to the intermediate level. The course covers basic Balance Sheet and Profit and Loss accounts in depth. It covers Partnerships and Corporations and introduces students to more advanced topics including budgeting, cost accounting, cash flows, etc. |
| ACCT 203 |
Intermediate Accounting I |
This course focuses on application of accounting principles to financial statement preparation. Emphasis is placed on procedure and presentation; particular attention is paid to cash, accounts receivable, and principles and concepts of inventory valuation. Techniques and theory of accounting principles as applied to consignments, income statements, types of interest, etc. are also studied. |
| ACCT 204 |
Intermediate Accounting II |
The focus is on apparent importance of financial accounting and reporting in order to provide high quality financial information. Emphasis is on helping students understand the role of financial information in capital markets and provide them with more perspective on the information available in financial reporting. Focus is also on balanced discussion of conceptual and procedural presentations, and through text discussions, on explaining the rationale behind business transactions. |
| ACCT 301 |
Cost Accounting |
Cost Accounting treats accounting and managerial aspects in cost concepts including job order, process cost systems, flexible budgets, joint by-product costs, break-even points, differential cost, etc. Problems and practice projects are basis for study. |
| ACCT 305 |
Auditing |
Auditing treats principles, standards, and procedures: auditing concepts, beginning an audit, audit programs, auditing working papers, procedures applicable to assets, liabilities, and proprietorship accounts and includes closing the audit, post-audit considerations and preparation of the auditor's report. |
Competencies
| Course Number |
Course Title |
Course Outcomes |
| ACCT 101 |
Introduction to Accounting I |
- Have an understanding of the accounting equation and its application, including the posting, summarization of accounting data, and the preparation of basic financial statements.
- Gain the basic understanding of payroll accounting, employee earnings and deductions, and payroll taxes and reports.
|
| ACCT 102 |
Introduction to Accounting II |
- Identify and discuss the fundamental accounting concepts and principles and their applications to an economic entity.
- Account for all sales and purchases related transactions for a merchandising business including the preparation of the financial statements and year-end accounting
|
| ACCT 200 |
Principles of Accounting |
- State the accounting equation and define each of its elements.
- Describe the financial statements and how they interrelate.
- Use the rules of debit and credit to analyze and summarize the financial effects of events.
- Identify and prepare necessary adjustments for preparation of periodic statements.
- Use a worksheet to facilitate financial statement preparation.
- Complete the annual accounting cycle and prepare for the New Year.
- Identify the objectives of and need for internal control.
- Describe and use special journals and subsidiary ledgers.
- Distinguish the activities of a service business from a merchandising business.
- Prepare the entries for merchandise transactions and an income statement.
- Describe the importance of cash and internal control of cash.
- Use bank accounts and reconciliations for cash control.
- Compute interest.
- Account for receivable and uncollectible accounts.
- Compute the cost of inventory using multiple methods.
- Compute cost of fixed assets and allocate cost to expense.
- Describe and account for current liabilities, including payroll.
- Describe the characteristics and unique accounting needs of partnerships.
|
| ACCT 203 |
Intermediate Accounting I |
- Understand generally accepted accounting principles (GAAP).
- Build the skills necessary to become an accountant.
|
| ACCT 204 |
Intermediate Accounting II |
- Understand the procedures and principals governing the reporting of current and long-term liabilities, owners' equity, income taxes, post-employment benefits, lease and cash flows,
- Understand the extent to which accounting procedures and principles reflect (or don't reflect) the economic substance of an entity's resources, obligations and operations,
- Understand the economic incentives for choosing different accounting methods,
- Understand and implement the economic incentives provided by different accounting methods.
|
| ACCT 301 |
Cost Accounting |
- Have a basic understanding of advanced topics of accounting, including the accounting information system and financial statements.
- Understand how to use the above concepts in the decision-making process.
|
| ACCT 305 |
Auditing |
- Explain and properly use key audit terminology.
- State and explain generally accepted auditing standards.
- Describe currently accepted audit practices and approaches.
- Describe and evaluate assurance services, current and potential.
- Analyze and evaluate internal control systems and resulting risk.
- Develop and evaluate appropriate procedures and work product for audits.
|
Program Assessment
Students will complete class evaluations at the end of each course offering. Instructors will also provide assessment of the students.
|
Related links
