SVCC College Catalog

ACC 100 INTRODUCTION TO BOOKKEEPING (5 cr.)   Presents the accounting cycle, focusing on the routine recording of data journals and ledgers. Includes payroll preparation and practical procedures. Lecture 4 hours. Laboratory 2 hours. Total 6 hours per week.

ACC 105 SECRETARIAL ACCOUNTING (3 cr.)   Presents practical accounting for secretaries. Covers the accounting cycle; journals, ledgers, working papers, closing of books, payrolls, financial statements, accounting forms and practical procedures. Lecture 3 hours per week.

ACC 111 ACCOUNTING I (3-4 cr.)   Presents fundamental accounting concepts and principles governing the accounting cycle, journals, ledgers, working papers, and preparation of financial statements for sole proprietorships.  A laboratory co-requisite (ACC 113) may be required as identified by the college.  Lecture 3-4 hours per week.

ACC 112 ACCOUNTING II (3-4 cr.)   Continues Accounting 111.  Presents the analysis of financial statements for sole proprietorships, partnerships and corporations.  A laboratory co-requisite (ACC 114) may be required as identified by the college.  Lecture 3-4 hours per week.

ACC 124 PAYROLL ACCOUNTING (2-3 cr.)   Presents accounting systems and methods used in computing and recording payroll to include payroll taxes and compliance with federal and state legislation. Prerequisite ACC 211 or Division approval.  Lecture 2-3 hours per week.

ACC 134 SMALL BUSINESS TAXES (2-3 cr.)   Introduces taxes most frequently encountered in business. Includes payroll, sales, property, and income tax. Lecture 2-3 hours per week.

ACC 211 PRINCIPLES OF ACCOUNTING I (3-4 cr.)   Presents accounting principles and their application to various businesses. Covers the accounting cycle, income determination,  and  financial reporting. Studies services, merchandising, and includes internal controls.  A laboratory co-requisite (ACC 213) may be required as identified by the College. Lecture 3-4 hours per week.

ACC 212 PRINCIPLES OF ACCOUNTING II (3-4 cr.)   Continues Accounting Principles 211 with emphasis on the application to partnerships, corporations and the study of financial analysis.  Includes an introduction to cost and managerial accounting.  Prerequisite ACC 211.  A laboratory co-requisite (ACC 214) may be required as identified by the college.  Lecture 3-4 hours per week.

ACC 213 PRINCIPLES OF ACCOUNTING LABORATORY I (1 cr.)   Provides problem-solving experience to supplement instruction in ACC 211.  Should be taken concurrently with ACC 211, in appropriate curricula, as identified by the college. Co-requisite ACC 211 may be required. Laboratory 2 hours per week.

ACC 214 PRINCIPLES OF ACCOUNTING LABORATORY II (1cr.)   Provides problem-solving experience to supplement instruction in ACC 212.  Co-requisite ACC 212 may be required.  Laboratory 2 hours per week.

ACC 215 COMPUTERIZED ACCOUNTING (3-4 cr.)   Introduces the computer in solving accounting problems. Focuses on operation of computers. Presents the accounting cycles and financial statement preparation in a computerized system and other applications for financial and managerial accounting.  Prerequisite or co-requisite ACC 212 or equivalent. Variable hours per week.

ACC 217 ANALYZING FINANCIAL STATEMENTS (3 cr.)   Explains the generation and limitations of data, techniques for analyzing the flow of a business’s funds, and the methods of selecting and interpreting financial ratios. Offers analytical techniques through the use of comprehensive case studies. Prerequisite ACC 211. Lecture 3 hours per week.

ACC 221 INTERMEDIATE ACCOUNTING I (3-4 cr.)   Covers accounting principles and theory, including a review of the accounting cycle and accounting for current assets, current liabilities and investments.  Introduces various accounting approaches and demonstrates the effect of these approaches on the financial statement users.  Prerequisite ACC 212 or equivalent.  Lecture 3-4 hours per week.

ACC 222 INTERMEDIATE ACCOUNTING II (3-4 cr.)   Continues accounting principles and theory with emphasis on accounting for fixed assets, intangibles, corporate capital structure, long-term liabilities, and investments.  Prerequisite ACC 221 or equivalent.  Lecture 3-4 hours per week.

ACC 225 MANAGERIAL ACCOUNTING (3 cr.)––Presents the preparation, analysis and interpretation of accounting data for managerial decision making.  Includes cost control, capital budgeting and pricing decisions.  Prerequisite ACC 212 or equivalent.  Lecture 3 hours per week.

ACC 231 COST ACCOUNTING I (3 cr.)––Studies cost accounting methods and reporting as applied to job order, process, and standard cost accounting systems. Includes cost control, and other topics. Prerequisite ACC 212 or Division approval. Lecture 3 hours per week.

ACC 232 COST ACCOUNTING II (3 cr.)   Studies profit analysis and other topics.  Prerequisite ACC 231 or equivalent.  Lecture 3 hours per week.

ACC 241 AUDITING I (3 cr.)   Presents techniques of investigating, interpreting, and appraising accounting records and assertions. Studies internal control design and evaluation, evidence-gathering techniques and other topics. Prerequisite or co-requisite ACC 222 or equivalent. Lecture 3 hours per week.

ACC 242 AUDITING II (3 cr.)   Studies advanced sampling concepts, audit reports, controls, evidence, auditing standards, ethics, and legal liability.  Prerequisite or co-requisite ACC 241 or equivalent.  Lecture 3 hours per week.

ACC 261 PRINCIPLES OF FEDERAL TAXATION I (3 cr.)––Presents the study of federal taxation as it relates to individuals and related entities. Includes tax planning, compliance and reporting. Prerequisite ACC 211 or Division approval.  Lecture 3 hours per week.

ACC 262 PRINCIPLES OF FEDERAL TAXATION II (3 cr.)   Presents the study of federal taxation as it relates to partnerships, corporations, and other tax entities.  Includes tax planning, compliance, and reporting.  Prerequisite ACC 261 or Division approval.  Lecture 3 hours per week.