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Course Descriptions

ACCOUNTING (ACC)

ACC104 - Financial Accounting for the Hospitality Industry Credits: 3
Financial Accounting for the Hospitality Industry is designed to provide stu≠dents with a proper merging of basic accounting theory and practice and is tailored to the special needs of the hospitality service industries. This course focuses on techniques, tools and procedures that are most applicable to the unique characteristics of hospitality firms such as hotels, restaurants and tourism and travel.

ACC111 - Principles of Accounting I Credits: 3
This course presents the accounting cycle covering both service and merchandising activities of a sole proprietorship. It also analyzes a business transaction froma journal entry through the preparation ofthe financial statements (income statement, statement of owner equity, and the balance sheet) to closing journal entries.The course includes but is not limited to,perpetual inventory, accounts and notes receivable, and accounting for plant andintangible assets.

ACC112 - Principles of Accounting II Credits: 3
The principles of accounting are continued from Principles of Accounting I with the major emphasis on accounting as related to corporations and manufacturing concerns. Topics include manufacturing systems and controls, liabilities, bonds, corporation equity, statement of cash flows and financial statement analysis.

Prerequisite: ACC 111.

ACC121 - Applications in Microcomputer Accounting Credits: 3
This is a comprehensive course in microcomputer accounting. Students will explore and use the many features of the latest version of QuickBooks, including recording transactions, ordering merchandise, preparing reports and compilingcharts.

Prerequisites: ACC 111, 112; CIS 110.

ACC211 - Intermediate Accounting I Credits: 4
This course presents the conceptual framework of accounting, accounting environment and information processing systems, financial statements and present and future value concepts. Emphasis is onthe accounting for balance sheet content, including cash, receivables, inventories, plant and intangible assets.

Prerequisites: ACC 111, ACC 112, MAT121, BUS 107.

ACC212 - Intermediate Accounting II Credits: 4
This course is a continuation of in depth accounting started in Intermediate Accounting I. Accounting calculation and presentation for liabilities, stockholders' equity, dilutive securities, earnings per share, investments, revenue recognition, income taxes, pensions, leases, accounting changes and error analysis, cash flows, and full disclosure in final reporting.

Prerequisites: ACC 111, ACC 112, ACC 211, MAT 121, BUS 107.

ACC213 - Managerial Accounting Credits: 3
The student learns what kind of information is needed by managers, where this information can be obtained and how this information can be used in planning, control and decision making responsibilities. Study items include cost terms, behavior and systems design, planning and control, decision making and statement analysis. The course shows the importance of these cost items to the success of the business and the interpretation of costs needed by management in order to achieve desired results. Emphasis is on the use of accounting data internally by managers including application of cost accounting, budget planning, and accounting controls.

Prerequisites: ACC 111, 112; CIS 110.

ACC214 - Tax Accounting Credits: 3
The student learns United States tax laws pertaining to preparation of individual federal income tax returns and supporting schedules and forms. Emphasis is on a variety of individual taxation issues, researching federal tax code and current professional readings. The impact of taxes on decision-making is considered as well.

Prerequisites: ACC 111, ACC 112.

ACC215 - Cost Accounting Credits: 3
A study of many cost accounting concepts such as accumulation and measurement of direct and indirect costs as well as application of overhead. Other topics - how cost accounting is used for budgeting, decision making, interpret the computations, prepare reports for management. (Spring only)

Prerequisites: ACC 111 and 112.