ACC 100 Small Business
Accounting Procedures - 3 hours Course
introduces accounting concepts and procedures relating to
small businesses. Content includes basic overview of accounting
cycle, data entry using manual and computerized systems, analysis
and use of financial statement data. Course does not substitute
for ACC 153, Principles of Financial Accounting. ACC 100 is
an option for Oakton accounting majors and may be counted
toward A.A.S. in Accounting, Accounting Associate certificate
if taken prior to ACC 153.
ACC 153 Principles
of Financial Accounting - 4 hours
Course covers preparation and analysis
of financial information using generally accepted accounting
principles. Content includes financial statement fundamentals,
cash, receivables, inventory, payables, long-term assets,
long-term debt, stockholders’ equity, cash flow statements,
internal controls, and financial statement analysis. Course
incorporates computer component. Prior computer experience
not required.
ACC 154 Principles
of Managerial Accounting - 3 hours
Course presents accounting information
used for internal business management. Focus is on planning,
controlling and evaluating company performance. Content includes
budgeting, job costing, product pricing, breakeven analysis,
standard costing, decision models. Recommended: ACC 153 or
concurrent enrollment in ACC 153.
ACC 164 MICROSOFT
EXCEL FOR ACCOUNTANTS - 1 hour
Course provides hands-on experience in
accounting uses of Microsoft Excel. Content includes merchandising,
bank reconciliations, receivables, inventory costing, estimating
gross profit, depreciation, payroll registers, bond pricing,
statement of cash flows and financial statement ratios. Recommended:
ACC 153 or basic accounting knowledge.
ACC 170 Payroll Tax
Accounting - 1 hour
Course covers study and practice in practical
applications of payroll tax laws and requirements. Content
includes use of manual and computerized systems to practice
application of laws and requirements; payroll registers, tax
returns, and deposit coupons. Recommended: ACC 100 or ACC
153.
ACC 173 Accounting
with quickbooks I - 1 hour
Course introduces QuickBooks software.
Content includes setting up companies, entering payables,
writing checks, entering sales, processing discounts, tracking
sales tax, collecting receivables, preparing journal entries,
generating internal reports, and creating financial statements.
Recommended: ACC 153 or basic accounting knowledge.
ACC 174 ACCOUNTING
WITH QUIckbooks II - 1 hour
Course provides intermediate applications
of QuickBooks software. Content includes inventory, budgets,
account reconciliation, time tracking, customizing reports,
and importing/exporting files. Assumes previous experience
with payables, receivables and financial statements. Recommended:
ACC 171 or previous experience with QuickBooks.
ACC 175
Accounting with Peachtree I - 1 hour
Course introduces Peachtree software. Content
includes setting up companies, entering payables, writing
checks, entering sales, collecting receivables, tracking inventory,
processing payroll, generating reports, entering journal entries,
and creating financial statements. Recommended: ACC 153 or
basic accounting knowledge.
ACC 176
Accounting with Peachtree II - 1 hours
Course provides intermediate applications
of Peachtree software. Content includes inventory management,
time tracking, budgeting, job costing, bank reconciliations,
report customization, and importing/exporting files. Recommended:
ACC 175 or previous experience with Peachtree.
ACC 241 Intermediate
Accounting I - 3 hours
Course presents development, usefulness
and limitations of general financial accounting theory. Content
includes study of monetary assets and liabilities, inventories,
plant assets and present value techniques. Focus is on financial
statement presentation and analysis and valuation of asset
and liability accounts. Recommended: ACC 153.
ACC 242 Intermediate
Accounting II - 3 hours
Course presents general financial theory
and practice relating to liabilities and equity sections of
balance sheet. Content includes study of dilutive securities,
earnings per share, accounting for income taxes, pension costs
and leases, statement of cash flows, and financial reporting.
Recommended: ACC 241.
ACC 244 Income Tax
Accounting - 3 hours
Course offers practical study of current
federal and Illinois state income tax concepts, requirements,
procedures and forms as they relate to businesses and individuals.
Content includes income inclusions and exclusions, capital
gains and losses, business and personal deductions and accounting
methods. Computerized tax software used. Recommended: ACC
153.
ACC 245 Cost Accounting
- 3 hours
(offered spring semester only) Course presents
advanced discussion of cost accounting and provides in-depth
study of additional concepts/techniques beyond scope of ACC
154. Content includes application of cost concepts in manufacturing
under differing costing methods, with focus on job, process,
standard, variable and activity based costing. Short-term
and long-term decision techniques with focus on cost-volume-profit
analysis, incremental analysis and capital budgeting. Additional
Content includes inventory control, JIT, cost allocation methods
and decentralization issues with transfer pricing. Assignments
incorporate computerized spreadsheeting. Recommended: ACC
154.
ACC 250 Accounting
Systems and Procedures - 3 hours
Course requires
work with accounting systems to maintain the books and prepare
financial statements. Content includes preparation of source
documents, flowcharts, journal entries, adjusting entries,
general ledgers, subsidiary ledgers, bank reconciliations,
depreciation schedules, payroll records, and financial statements,
including the statement of cash flows. Microsoft Excel and
QuickBooks used in this course. Prior experience with the
software not required. Recommended: ACC 153.
ACC 253 Practicum
- 3 hours
(offered spring semester only) Course offers
cooperative work experience in accounting field. Part of course
credit earned for participation in supervised cooperative
work experience program, in college-approved training setting.
Minimum of 200 hours at work site must be completed. Recommended:
ACC 250 and accounting job (at least 15 hours per week) at
the time ACC 253 begins.
ACC
260 Auditing - 3 hours
Course concerned
primarily with financial auditing. Content includes auditing
standards, concepts and techniques, internal control, audit
programs and audit reports. Recommended: ACC 242, or concurrent
enrollment in ACC 242.
ACC 266 Advanced
Accounting - 3 hours
Course covers
governmental and not-for-profit accounting, and business
combinations. Content includes general funds, special funds,
consolidated financial statements, intercompany inventory,
and other intercompany transactions. Recommended: ACC 242,
or concurrent enrollment in ACC 242.
ACC 274 Advanced
Tax Accounting - 3 hours
Course examines basic concepts of corporation
income taxation for person in business field or student aspiring
to a business career. General understanding of federal income
tax system assumed. Focus is on tax aspects of business transactions
and on compensation techniques. Content includes basic principles
of income taxation as applied to partnerships, estates and
trusts; taxation on transfer of wealth, both during lifetime
and testamentary. Computerized tax software used. Recommended:
ACC 244
ACC 275 IRS Enrolled
Agent Exam Preparation Course - 3 hours
Course designed to prepare for IRS Enrolled
Agent Exam. The focus is on tax theory and its application
in different areas and situations. Content includes taxation
of individuals, sole proprietorships, partnerships, corporations,
fiduciaries, estates, trusts, and gifts. Training and practice
in how to analyze and answer test questions. Simulated testing
environment experience. Course open for review of taxation
in the areas described above, even if taking exam not planned.
Recommended: ACC 274.
ACC 290 Topics in
Accounting - 1 to 4 hours
Course covers selected current topics in
Accounting; one identified for each section. Possible content
includes: Income Tax Update, Payroll Tax Update, and Case
Studies in ethics for Accounting. Prerequisite may vary by
topic.
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