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2014-15 Catalog

ACCT - ACCOUNTING 

ACCT A101: Principles of Financial Accounting I (3 CR)  

Contact Hours:  3 + 0  
Prerequisites: MATH A055 with minimum grade of C.
Registration Restrictions: UAA approved  mathematics placement test score may be used in lieu of prerequisite. Special Note: ACCT A101 and ACCT A102 will satisfy requirement for ACCT A201.  AAS accounting majors must take ACCT A101 and ACCT A102.  
First semester introductory financial accounting. Emphasizes procedures for recording, analyzing, and summarizing accounting transactions.  Includes discussion of the following asset categories: cash, accounts receivable, and inventory.  Taught from the perspective of the accountant or bookkeeper who is responsible for recording accounting transactions.  

ACCT A102: Principles of Financial Accounting II (3 CR) 

Contact Hours:  3 + 0
Prerequisites: ACCT A101 with minimum grade of C.
Special Note: ACCT A101 and ACCT A102 will satisfy requirement for ACCT A201.  AAS accounting majors must take ACCT A101 and ACCT A102.  
Second semester introductory financial accounting. Emphasizes procedures for recording, analyzing, and summarizing accounting transactions dealing with long-term assets, current and long-term liabilities, as well as stockholder and partnership equity transactions, and the statement of cash flows.  Taught from the perspective of the accountant/bookkeeper who is responsible for recording accounting transactions.  

ACCT A202: Principles of Managerial Accounting (3 CR) 

Contact Hours:  3 + 0
Prerequisites: [ACCT A101 with minimum grade of C and ACCT A102 with minimum grade of C] or ACCT A201 with minimum grade of C.  
Studies the generation and analysis of accounting information and its use by managers as they engage in planning, control, and decision-making activities in business and non-business organizations.  Topics include product costing, cost-volume-profit analysis, profit planning, variance analysis, and relevant costs for decision making.  

ACCT A210: Income Tax Preparation (3 CR) 

Contact Hours:  3 + 0
Prerequisites:[or [ACCT A101 with minimum grade of C and ACCT A102 with minimum grade of C] or ACCT A201 with minimum grade of C] and CIS A110 with minimum grade of C.
Special Fees.
Preparation of individual income tax returns, manually and computerized (using the latest in tax preparation software).  Tax research and tax planning with emphasis on primary and administrative sources of income tax law. Emphasis is on the sources and interpretation of the tax laws and principles as well as how they apply to individuals.  

ACCT A222: Introduction to Computerized Accounting (3 CR)  

Contact Hours:  3 + 0
Prerequisites: [or [ACCT A101with minimum grade of C and ACCT A102 with minimum grade of C] or ACCT A201with minimum grade of C] and CIS A110 with minimum grade of C.  
Special Fees.
Introduction to processing accounting information using commercial accounting software.  Comparison of manual to computerized recording and processing of accounting transactions.  Includes maintenance of chart of accounts and master files; processing sales, receivables, cash receipts, purchases, payables, and cash  payments.  Preparation of financial statements and other reports in computerized software systems and spreadsheet applications. 

ACCT A310: Income Tax (3 CR) 

Contact Hours:  3 + 0
Prerequisites:  ACCT A301 with minimum grade of C.
Registration Restrictions: College of Business & Public Policy majors must be admitted to upper-division standing.  
Special Fees.  
A study of the federal income tax law as it applies to individuals, sole proprietors, and property transactions. Emphasis is on research, theory, application, and tax planning.  

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