Course Descriptions |
ACCT 0310 Financial Reporting (Metro State Univ Course)
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4 cr |
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This first course in a two-part financial reporting sequence provides for the preparation and understanding of financial information. Topics include: financial accounting theory and practice; official pronouncements of generally accepted accounting principles (GAAP) and conceptual statements; financial statement preparation and analysis; revenue and expense recognition; accounting for assets and current liabilities; non-current liabilities and stockholder equity; and financial statement disclosures.
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ACCT 0530 Business Taxation (Metro State Course)
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4 cr |
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This course focuses on identifying issues that affect the taxation of businesses. Four modules are covered: foundation of taxation, including types of taxes, structure of the income tax, taxpayers, and general concepts of income and deduction; business income and expenses; taxation of property transactions; and overview of corporations, S corporations, partnerships, and entity choice. Planning options are emphasized.
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ACCT 1000 Accounting Basics
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3 cr |
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Introduces basic accounting vocabulary and skills in gathering, assembling, and reporting business financial data. The course will stress accounting debits and credits, journal entries, maintenance of ledgers, trial balances, and adjusting and closing ledger accounts prior to financial statement preparation. Preparation of financial statements will also be covered. (Not intended to satisfy tool area requirements for pre-business 4-year majors.)
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ACCT 1001 Basic Accounting Skills
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1 cr |
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Introduces students to the accounting cycle using traditional journal entries, the general ledger and T-accounts. This course is intended for students who require knowledge of the basic accounting procedures, including the rules of debit/credit, prior to enrolling in a more advanced accounting course. No credit will be awarded for this class if ACCT 1000 has been successfully completed.
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ACCT 2101 Financial Accounting
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4 cr |
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Introduces financial statements as used in decision-making, primarily by creditors and investors. The focus is on what the financial statements Focus is on what the financial statements reveal about the credit-worthiness and financial performance of companies organized as corporations. Students will analyze and interpret financial statements. Topics include: Prepraration and analysis of financial statements, cash, receivables, inventory, fixed assets, liabilities, stockholders equity. Meets lower-division transfer requirements for accounting and business administration majors at most 4-year institutions. Recocmmendation: Some students find it helpful to enroll in Accounting Basics prior to Financial Accounting. Prereq: Completion of MATH 0094 or assessment of MATH 0099 or equivalent.
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ACCT 2102 Managerial Accounting
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4 cr |
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Works primarily with the accounting tools and techniques used to facilitate decision making by managers within the firm. Emphasizes planning and control for profit-seeking enterprises. Primarily for transfer students in Business Administration and Accounting. Topics include cost behavior, manufacturing and job costing, profit analysis, budgeting, capital budgeting and profit decision making. Meets requirements for accounting and lower-division transfer business administration majors at most four-year institutions. Prereq: ACCT 2101.
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ACCT 2220 Federal Individual Income Tax Accounting
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3 cr |
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Introduces students to federal individual income tax law. This course is intended primarily for accounting two-year program students, or those interested in an introductory income tax course. Prerequisite: ACCT 1000 or ACCT 2101 or consent of instructor.
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ACCT 2241 Accounting Computer Applications
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3 cr |
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Introduces accounting processes and analysis using electronic spreadsheet applications and a computerized general ledger system. Primarily for associate degree program accounting students. Prereq: ACCT 2101 and knowledge of spreadsheet applications in Excel.
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