NC State Courses (ACC)

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Designed to give students the basics of accounting in order to prepare them for ACC 111 Accounting I. The pace of the course will be relaxed, allowing accounting concepts to be absorbed.

Basic concepts and procedures essential to an understanding of the accounting functions of collecting, summarizing, presenting, and interpreting financial information and its use in management. TAG course (see curriculum worksheet.)

Continuation of Accounting I with emphasis on the concepts and principles in the accounting for plant and equipment, natural resources, intangible assets, long-term investments, liabilities, payroll, partnerships, corporations, statement of cash flows, and analyzing financial statements.

Detailed analysis of current accounting treatment of balance sheet items. Emphasis is given to an evaluation of the theory underlying modern accounting practices, as well as to a comprehensive study of the account techniques involved.

Continuation of ACC 131. Including an analysis of current accounting treatments of balance sheet items such as inventory, operational/intangible assets, liabilities, and investments in debt/equity securities.

Provides information for assisting the management of a business entity in making decisions and for evaluating the effectiveness of those decisions. Topics covered in the course include costing of products, cost-volume-profit analysis, budgetary planning and control, and decision-making related to products and long-term investments.

Used for transfer credit purposes only

Uses a computerized, integrated, accounting software package, computerized spreadsheet applications, and several practice sets to provide the student with a thorough review of all the major accounting systems commonly found in computerized accounting environments. Students work with software packages capable of handling the processing for: businesses that are organized as sole proprietorships, partnerships, and corporations; service and merchandising businesses; departmentalized and non-departmentalized businesses; voucher and non-voucher systems; fixed assets, inventory, and payroll.

Income tax concepts will be stressed in this course, such as income, exclusions, deductions, adjusted gross income, capital gains and losses, exemptions, tax credits, and determination of income from business, trade, or profession.

The basis for this course is income taxes as they pertain to individuals, partnerships, and corporations. Attention is given to the reasoning behind major tax regulations and their effects upon the business firm and the impact of tax regulations upon managerial decision-making.

A study of accounting information systems design, analysis, and implementation. The course is designed to identify the distinct information systems knowledge required by accountants, auditors, or consultants.

Principles and operation of fund accounting including financial reporting and budgetary control for state and local governments.

Auditing theory, procedures, and practices of independent examinations of financial records. Lectures and hypothetical cases provide experience in preparation of various auditing work papers, including evaluations of internal control systems.

An overview of generally accepted accounting practices and procedures. Students will be required to substantiate their overall accounting knowledge through the use of simulation of various assessment tools, as well as an individual presentation as it relates to the accounting profession.