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Accounting ACC100 - Small Business Accounting Procedures 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, or the Income Tax Preparation certificate, if taken prior to ACC 153. 3 Credit Hours (lecture: 3; lab: 0) ACC153 - Principles of Financial Accounting 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. 4 Credit Hours (lecture: 4; lab: 0) ACC154 - Principles of Managerial Accounting 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. 3 Credit Hours (lecture: 3; lab: 0) ACC164 - Microsoft Excel for Accountants 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. 1 Credit Hours (lecture: 1; lab: 0) Fee: $10 ACC170 - Payroll Tax Accounting Course covers study and practice in practical applications of payroll tax laws and requirements. Content includes understanding and preparation of payroll records including FICA, unemployment taxes, payroll registers, tax forms, and deposit coupons. 1 Credit Hours (lecture: 1; lab: 0) ACC173 - Accounting with QuickBooks I 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. 1 Credit Hours (lecture: 1; lab: 0) Fee: $10 ACC174 - Accounting with QuickBooks II 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 173 or previous experience with QuickBooks. 1 Credit Hours (lecture: 1; lab: 0) Fee: $10 ACC175 - Accounting with Peachtree I 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. 1 Credit Hours (lecture: 1; lab: 0) Fee: $10 ACC176 - Accounting with Peachtree II Course provides intermediate applications of Peachtree software. Content includes inventory management, time tracking, budgeting, job costing, bank reconciliations, budgeting, report customization, and importing/exporting files. Recommended: ACC 175 or previous experience with Peachtree. 1 Credit Hours (lecture: 1; lab: 0) Fee: $10 ACC241 - Intermediate Accounting I 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. 3 Credit Hours (lecture: 3; lab: 0) ACC242 - Intermediate Accounting II 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. 3 Credit Hours (lecture: 3; lab: 0) ACC244 - Income Tax Accounting 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. 3 Credit Hours (lecture: 3; lab: 0) ACC245 - Cost Accounting 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. 3 Credit Hours (lecture: 3; lab: 0) ACC250 - Accounting Systems and Procedures 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. 3 Credit Hours (lecture: 3; lab: 0) ACC253 - Practicum 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. 3 Credit Hours (lecture: 1; lab: 15) ACC260 - Auditing 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. 3 Credit Hours (lecture: 3; lab: 0) ACC266 - Advanced Accounting 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. 3 Credit Hours (lecture: 3; lab: 0) ACC274 - Advanced Tax Accounting 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. 3 Credit Hours (lecture: 3; lab: 0) ACC275 - IRS Enrolled Agent Exam Preparation Course 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. 3 Credit Hours (lecture: 3; lab: 0) ACC290 - Topics in Accounting 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. 1-4 Credit Hours (lecture: 1-4; lab: 1-4)
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