St. Clair County Community College 2004-2005 Catalog
ACCOUNTING
Business Department 810-989-5575
ACCT 189 Office Accounting.
This course emphasizes bookkeeping and accounting procedures used in business. Emphasis is on payroll, cash receipts and payments, accounts receivable and accounts payable, worksheets, statement preparation and the complete accounting cycle.
Note: Office Accounting 189 - 4 credits - may be waived from a program if: (1) a student has successfully completed one year or more of high school bookkeeping, or (2) a student has business work experience related to accounting from which a thorough understanding of basic accounting practices and procedures has resulted.
In order to effect this waiver, the student must get written approval from a business administration department member and have such notice submitted to the Registrar.
Prerequisite: None
4 credits = 4 lecture
ACCT 191 Accounting Module - Cost Reporting.
This is a specialized course that provides a basic understanding of job order, process, and standard cost reporting.
Prerequisite: ACCT 211
1 credit = 1 lecture
ACCT 192 Accounting Module Payroll. This specialized course provides an in-depth study of payroll laws, records, practices, procedures and reports. Offered Winter Semester only.
Prerequisite: None
1 credit = 1 lecture
ACCT 193 Accounting Module Computer Simulation. This specialized course provides a microcomputer-augmented review of accounting practices and procedures. Using a microcomputer software package, the student will complete the accounting cycle for a simulated merchandising business. Offered Winter Semester only.
Prerequisite: ACCT 189 or ACCT 211
1 credit = 1 lecture/laboratory
CL
ACCT 211 Principles of Accounting I. This is a course designed to study the generally accepted accounting principles and practices used in business, and their useful application in recording, adjusting, summarizing and reporting financial facts significant to the management and control of a business enterprise. Topics to be studied include sole proprietorship, partnership, basic corporate equity accounting, and service and merchandise enterprise accounting.
Prerequisite: Sophomore standing or permission of instructor.
4 credits = 4 lecture
ACCT 212 Principles Of Accounting II. The study of generally accepted accounting principles continues from ACCT 211. Major topics include corporation equity; long-term liabilities and investments; consolidations; international transactions; cash flows; managerial accounting concepts and principles; budgeting; manufacturing accounting (job order, process and standard); annual reports; cost-volume-profit relationships; differential analysis and product pricing; capital investment analysis, and responsibility accounting.
Prerequisite: ACCT 211 or permission of instructor
4 credits = 4 lecture
ACCT 231 Intermediate Accounting. This course is a review of the accounting process and theory. Coverage in detail of cash and temporary investments, receivables, inventories, long-term investments in stocks, and tangible and intangible assets highlight this course.
Prerequisite: ACCT 212
4 credits = 4 lecture
ACCT 232 Intermediate Accounting II. This course will focus on an analysis of liabilities both current and long term, and owners' equity, with special attention paid to pensions, leases, and income taxes. Emphasis on special topics may include government accounting, insurance, or the effects of inflation.
Prerequisite: ACCT 212
4 credits = 4 lecture
ACCT 241 Tax Accounting. This course provides an orientation to current federal tax laws and techniques in filing annual returns. It also supplies practical exposure in the preparation of personal returns and an introduction to tax research. Business tax topics may include the Michigan single business tax, an introduction to partnership, subchapter "S," and corporate taxes.
Prerequisite: None
3 credits = 3 lecture
ACCT 251 Cost Accounting. An introduction to cost accounting as a managerial tool while emphasizing the role of the cost accountant in the organization is the focus of this course. Accounting for labor, materials, and factory overhead is covered. Attention is given to job order cost systems, process-cost systems, standard cost systems, and various types of budgets, including flexible budgeting.
Prerequisite: ACCT 212 or consent of instructor
3 credits = 3 lecture