Apr 25, 2024  
2016-2017 SLCC General Catalog 
    
2016-2017 SLCC General Catalog [**** ATTENTION: YOU ARE VIEWING AN ARCHIVED CATALOG ****]

Course Descriptions


Course Numbering Information:
Courses at SLCC are identified by an alphabetic prefix (two to four letters) followed by a four-digit number. Numbers beginning with a “1” generally indicate a course designed primarily for freshmen (such as ENGL 1010 ); numbers beginning with a “2” generally indicate courses designed primarily for sophomores (such as MATH 2010 ); numbers beginning with a “0” generally indicate preparatory courses that are non-transferable (such as WRTG 0990 ).

 

Accounting

  
  • ACCT 1110 - Financial Accounting I

    Credits: 3
    An introduction to the concepts and methods underlying the preparation of financial statements using generally accepted accounting principles. Topics covered include the accounting cycle, cash and inventories.

    Semester: All


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  • ACCT 1120 - Financial Accounting II

    Credits: 3
    Continuation of concepts & methods used in preparation of financial statements using generally accepted accounting principles. Includes long-term assets, liabilities, business entities, statement of cash flow & financial statement analysis.

    Prerequisite: ACCT 1110  w/C- grade of higher
    Semester: All


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  • ACCT 1290 - Accounting Information Systems

    Credits: 3
    An applications approach to classifying, recording, summarizing, & reporting transactions encountered in a typical business. Payroll & payroll tax reporting will also be emphasized using both manual & computerized systems.

    Prerequisite: ACCT 1110  or ACCT 2010  
    Semester: All


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  • ACCT 2000 - Accounting CO-OP Education

    Credits: 1 - 3
    Offers supervised work experience in an industrial or governmental environment related to accounting. Credit is awarded for successful completion of specific learning objectives that provide new learning related to accounting.

    Prerequisite: Complete 2 semesters in the Accounting program


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  • ACCT 2010 - Survey of Financial Accounting

    Credits: 3
    A broad view of accounting’s role in providing information to external users of financial information. This primary focus is the use of financial statements by investors, creditors, and other entities outside of the organization.

    Semester: All


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  • ACCT 2015 - Survey Fin Acctg Workshop

    Credits: 1
    An optional supplement to ACCT 2010. It will review topics covered in ACCT 2010 with a primary focus on the use of financial statements by investors, creditors, and other entities outside of the organization.

    Corequisite: ACCT 2010  
    Semester: Fall & Spring


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  • ACCT 2020 - Managerial Accounting

    Credits: 3
    Management accounging is the study of developing and using accounting information essential for management decisions. Topics covered are job costing, activity based costing, inventory management, cost-volume-profit relationships, operating budgets, relevant costs for non-routine decisions, and capital investment decisions.

    Prerequisite: ACCT 1110  or ACCT 2010  
    Recommended Prerequisite: CSIS 2010  
    Semester: All


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  • ACCT 2040 - Financial Management

    Credits: 3
    This course studies concepts essential to business success. Planning and analysis, leverage, asset management, stock valuation, and debt financing are all examined. Problem-solving with financial calculators and computer applications is taught.

    Prerequisite: ACCT 2020  
    Semester: Fall


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  • ACCT 2050 - Governmental Accounting

    Credits: 3
    Covers the essentials of fund accounting, the structure used by governments. Governmental fund types, proprietary fund types, and fiduciary fund types and preparation of financial statements are covered, also not-for-profit Accounting.

    Prerequisite: ACCT 1110  or ACCT 2010  
    Semester: Fall


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  • ACCT 2220 - Financial Statement Analysis

    Credits: 2
    Analyze, conclude, and make recommendations for improvement regarding a company’s profitability; risk, including both short-term liquidity and long-term solvency; efficiency; and stockholder relations using financial statement analysis techniques. Financial statement analysis techniques include horizontal analysis, vertical analysis, ratio analysis, etc.

    Prerequisite: ACCT 1120  or ACCT 2010  
    Semester: Spring


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  • ACCT 2310 - Intermediate Accounting I

    Credits: 4
    Provides an in-depth study of financial theory and practice. Topics include the accounting cycle, financial statement preparation, revenue recognition and income determination, current assets, current liabilities and time value of money.

    Prerequisite: ACCT 1120  w/C- grade or higher or ACCT 2010  w/instructor approval
    Semester: Fall & Spring


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  • ACCT 2410 - Intermediate Accounting II

    Credits: 4
    A continuation of ACCT 2310 . Topics include property, plant and equipment, other long-term assets, investments, debt securities, leases, deferred taxes, stockholders equity, and financial statement analysis.

    Prerequisite: ACCT 2310  w/C- grade or higher and ACCT 1120  w/C-grade or higher
    Semester: Fall & Spring


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  • ACCT 2520 - Federal Income Tax

    Credits: 3
    Introduction to federal and state income taxation for individuals, corporations and partnerships. The student will become familiar with current income tax laws and preparation of returns for the majority of taxpayers.

    Prerequisite: ACCT 1120  or ACCT 2010  
    Semester: Fall & Spring


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  • ACCT 2540 - Accounting in Practice

    Credits: 3
    Introduces the theoretical and practical applications of preparing accurate and complete accounting records and reports. Principles of internal control and generally accepted accounting principles will be emphasized by participation in relevant case studies.

    Prerequisite: ACCT 1290  and ACCT 2410  (may be taken concurrently)
    Semester: Spring


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  • ACCT 2600 - Survey of Accounting I

    Credits: 3
    An introduction to foundational financial and managerial accounting topics, including the following: Recording Transactions, Accrual Accounting, Financial Statements, Internal Controls, Fixed Assets, Inventory, Receivables, Job Costing, Cost Behavior, and CVP Analysis.

    Recommended Prerequisite: CSIS 2010  
    Semester: All


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  • ACCT 2950 - Business Leaders Forum

    Credits: 1
    Presents a forum where students will be introduced to topics of current interest and demand in the field of accounting.  Topics studied will vary from semester to semester.


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  • ACCT 2990 - Current Topics in Accounting

    Credits: 1-3
    Presents a forum where students will be introduced to topics of current interest and demand in the field of accounting. Topics studied will vary from semester to semester. Special project is required.

    Prerequisite: Variable to topic or project, contact department


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