Course Descriptions

Accounting --- ACCT

Course Descriptions

ACCT 0310  Financial Reporting (Metro State Univ Course)   4.0 cr

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.

ACCT 0530  Business Taxation (Metro State Course)   4.0 cr

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.

ACCT 1000  Accounting Basics   3.0 cr

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.)

ACCT 1001  Basic Accounting Skills   1.0 cr

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.

ACCT 2101  Financial Accounting   4.0 cr

Introduces financial statements as used in decision-making, primarily by creditors and investors. The 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 preparation and analysis of financial statements including income statements, balance sheet, statement of owner's equity, and cash flow statement. Additional topics include cash, receivables, inventory, fixed assets, liabilities, stockholders' equity and ratio analysis. Meets lower-division transfer requirements for accounting and business administration majors at most 4-year institutions. Prerequisites: Require completion of Math 0840 or assessment into Math 0940 or higher; recommend ITC 1130 and ACCT 1000.

ACCT 2102  Managerial Accounting   4.0 cr

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 4-year institutions. Prerequisites: Require ACCT 2101; recommend ITC 1130.

ACCT 2220  Federal Individual Income Tax Accounting   3.0 cr

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.

ACCT 2241  Accounting Computer Applications   3.0 cr

Introduces accounting processes and analysis using electronic spreadsheet applications and a computerized general ledger system. Primarily for associate degree program accounting students. Prerequisites: Require ACCT 2101; recommended ITC 1130 and ITC 1131.