Accounting
ACCT103
Introductory Accounting (Formerly ACCT090)
An introduction to the fundamental principles and concepts of financial accounting. Focuses on the procedures through the accounting cycle, including special journals of service and merchandising firms. Presumes no previous knowledge of accounting.
Prerequisite: None Corequisite:None
3 credits
ACCT105
Principles of Accounting I (Formerly ACCT100)
An introduction to the objectives, principles, assumptions and concepts of financial accounting. Focus on procedures and practices from the accounting cycle through financial statement presentation with an emphasis on valuing, reporting, and disclosing assets and liabilities. Presumes no previous knowledge of accounting.
Prerequisite: Reading Placement Test score Level 3 or ACCT103 (C or better)
Corequisite:None
4 credits
ACCT106
Principles of Accounting II (Formerly ACCT101)
The course is a continuation of ACCT105 that focuses on partnerships, corporations, and the use of financial accounting data. In addition, managerial accounting topics are introduced, including terms and reports used in manufacturing, cost concepts and procedures, and operational budgeting and control.
Prerequisite: ACCT105 (C or better) Corequisite:None
4 credits
ACCT108
Introduction to Accounting Software
EXPERIMENTAL
Prerequisite: ACCT103 (C or better) or ACCT105 (C or better) Corequisite:None
1 credits
ACCT110
Personal Financial Planning
Designed for the student with little or no experience in personal money management. Analyzes the interrelationships of budgeting, banking, credit, taxation, investments, insurance, and estate planning as they apply to consumer decision-making consumers.
Prerequisite: None Corequisite:None
3 credits
ACCT120
Payroll Records and Accounting
A study of the Fair Labor Standards Act, Social Security Act, Federal Income Tax law, and other legislation relating to the payment of wages and salaries. Manual payroll accounting systems are described and procedures are presented for computing wages and salaries in small, medium-size, and large firms.
Prerequisite: ACCT103 (C or better) or ACCT105 (C or better)
Corequisite:None
3 credits
ACCT130
Accounting Applications for the Computer
A survey of the automated accounting function, including basic accounting procedures through the accounting cycle and application functions to merchandising operations; all accomplished by students designing the various applications via spreadsheet software.
Prerequisite: ACCT103 (C or better) or ACCT105 (C or better)
Corequisite:None
3 credits
ACCT200
Intermediate Accounting I
This course is an intensive study of financial accounting theory and generally accepted accounting principles. The areas emphasized are income measurement, valuation of current and noncurrent assets, and the proper financial statement presentation and disclosure.
Prerequisite: ACCT106 (C or better) or permission of the Department of Business Studies Corequisite:None
3 credits
ACCT201
Intermediate Accounting II
Is an intensive study of financial accounting theory and generally accepted accounting principles. The areas emphasized are income determination and related topics, pensions, leases, the corporate equity section, earnings per share, accounting for income taxes, the statement of cash flows, and the proper financial statement disclosure, and presentation.
Prerequisite: ACCT200 (C or better) or permission of the Department of Business Studies
Corequisite:None
3 credits
ACCT210
Cost Accounting I
A background course emphasizing cost accounting systems and procedures. Major topics discussed are job order, process costing, standard cost accounting, and budgeting.
Prerequisite: ACCT106 (C or better) or permission of the Department of Business Studies
Corequisite:None
3 credits
ACCT230
Financial Management
A survey of financial methods and techniques utilized during the life of a business. Areas include problems of financial management, internal financial planning and analysis, short-term, intermediate, and long-term financial needs, conflict between profitability and solvency, and financial instruments and markets.
Prerequisite: ACCT106 (C or better) or permission of the Department of Business Studies
Corequisite:None
3 credits
ACCT240
Federal and State Taxes I
This course examines Federal and PA State tax laws as related to individual income taxes. The course emphasizes the concepts of filing requirements, the determination of and adjustments to gross income, personal and business deductions, and business income.
Prerequisite: ACCT106 (C or better) or permission of the Department of Business Studies
Corequisite:None
3 credits
ACCT241
Federal and State Taxes II
Examines the Federal and Pennsylvania State tax laws related to individual income taxes. Focuses on concepts of gains and losses from sales of properties, miscellaneous income items, tax computation, and credits. In addition, an introduction to partnerships and corporations and their impact on individuals is covered.
Prerequisite: ACCT240 (C or better) or permission of the Department of Business Studies Corequisite:None
3 credits
ACCT250
Auditing
A practical presentation of current audit practices, utilizing a \"hands-on\" approach. A practice case is completed to emphasize audit procedures, techniques, and working paper preparation.
Prerequisite: ACCT106 (C or better) or permission of the Department of Business Studies
Corequisite:None
3 credits
ACCT255
Advanced Accounting
EXPERIMENTAL
Prerequisite: ACCT200 (C or better) or permission of the Department of Business Studies Corequisite:None
3 credits
ACCT280
Cooperative Education - Accounting
Includes on-the-job experience and observation in a field directly related to the student’s academic preparation and career objectives. Periodic meetings between College coordinator and student are held to review actual experience and observation in the light of Theory and skills learned academically.
Prerequisite: Permission of the Department of Business Studies
Corequisite:None
3 credits
