ACT
101 Applied Accounting (3 cr.)
Introduces
the accounting cycle. Basic concepts covered include double-entry bookkeeping
and examination of basic financial reports such as the balance sheet, statement
of owner's equity and income statement. Emphasis on cash receipts, cash
disbursements, accounts receivable and accounts payable. Assignments made using
general ledger accounting software purchased with textbook. Intended to be the
first accounting course for students who have not taken high school accounting
or have no accounting experience.
ACT
110 Financial Accounting I (4 cr.)
Prerequisites:
ACT 101 or high school accounting and MAT 120 or ASMNT A121. Introduction to
financial accounting, through the theory and logic underlying accounting
procedures as well as the measurement and presentation of financial data. Brief
review of the basic accounting cycle. Development of fundamental concepts in
determination of income and presentation of financial position of business firms.
Exposure to partnership accounting as well as coverage of corporation
accounting including stocks, stockholder equity transactions and bonds.
Introduction to international accounting as well as statement of cash flows.
ACT
115 Computerized Accounting (3 cr.)
Exposure
to some of the most popular accounting software used in the marketplace by
small and medium sized businesses. computer application packages include
Quickbooks, Peachtree, and Microsoft Excel. Designed for students to continue
their accounting/business education or who want more knowledge in computerized
accounting applications.