Course Descriptions

GCC 2018-19 Catalog - Page 96

Course Descriptions COURSE DESCRIPTIONS

ACCOUNTING

(ACC)

The course descriptions on the following pages are listed

alphabetically according to type of class. Each course description

includes the following information:

ACC 150 ACCOUNTING I

4 (4-0)

A practical accounting course that introduces the concepts of double entry

bookkeeping, special journals, general and subsidiary ledgers, work sheets,

financial statements and year-end closing procedures. A practice set is included.

Students who have completed one or two years of high school bookkeeping with

above average grades should consult with the accounting instructor about

placement in Principles of Accounting 201 rather than in Accounting 150.

1. Course abbreviation.

The primary content of this course is directly related to a Business Related

occupational program.

Prerequisite:

2. Course number. Courses numbered 100-199 are

normally freshmen courses; they may be elected by

sophomores. Courses numbered 200-299 are sophomore

courses; they may be elected by freshmen with the

necessary prerequisites. Courses numbered below 100 may not

be used to fulfill degree or certificate requirements. Some

courses have prerequisites or co-requisites listed. A

prerequisite must be taken prior to entering a course; a corequisite may be taken prior to, or must be taken

concurrently with, the course. In individual cases,

prerequisites or co-requisites may be waived upon approval of

the instructor.

ACC 151 ACCOUNTING II

4 (4-0)

A practical study of the manner in which the accounting processes apply to sole

proprietorships, partnerships, and corporations. The topics covered include:

merchandise operations, inventories, cash accounting, receivables, notes,

depreciation and control accounting. A computerized practice set is included to

give students practical experience in keeping books for a small business.

The primary content of this course is directly related to a Business Related

occupational program.

Prerequisite:

4. Credit hours. Credit hours are listed outside of the

parentheses. Within the parentheses are: total contact hours of

lecture and laboratory experience per week. The number

appearing to the left of the hyphen denotes lecture hours and

the number to the right of the hyphen denotes lab hours.

Examples:

• 3 (3-0) means the course has a three credit hour value

and meets three hours a week for lecture, with no lab.

• 4 (3-2) means the course has a four credit hour value

and meets three hours a week for lecture, with two hours a

week for lab.

If a course is listed as having variable credits, contact hours, or

lab hours, students must check with their advisors.

5. Brief description of the content of the course and any

prerequisites and co-requisites.

Note: Course numbers, titles, credit hours, class and lab

hours, and descriptions are subject to change before

expiration of this catalog.

ACC 150

ACC 160 PAYROLL TAX ACCOUNTING

2 (2-0)

A study of the methods of computing wages and salaries, keeping payroll

records, and making government reports. Practice in completion of government

forms and filing of periodic reports included.

The primary content of this course is directly related to a Business Related

occupational program.

Prerequisite:

3. Title of the course.

None

ACC 150

ACC 170 INCOME TAX ACCOUNTING - PERSONAL

2 (2-0)

Federal and state (Michigan and Wisconsin) income tax for personal use. A nontechnical coverage of information needed in preparing returns for individuals

and sole proprietorships. Practice on completion of federal and state income

tax forms included.

The primary content of this course is directly related to a Business Related

occupational program.

Prerequisite:

ACC 151 or Consent of Instructor

ACC 171 INCOME TAX ACCOUNTING - BUSINESS

2 (2-0)

Federal income tax theory for small businesses, partnerships, and corporations

including special provisions and requirements. Practice in the completion of

necessary forms will be included.

The primary content of this course is directly related to a Business Related

occupational program.

Prerequisite:

ACC 201 or ACC 151

ACC 201 PRINCIPLES OF ACCOUNTING I

4 (4-0)

The Principles of Accounting I course is designed as an introduction to the

development of financial accounting principles. This course fulfills the needs of

college students transferring to another college or university and planning a

career in the following disciplines: Accounting, business administration, liberal

arts, marketing, management, law, computer information technology, & other

disciplines Topics covered include: The accounting cycle, asset valuation,

income determination, & financial reporting

The primary content of this course is directly related to a Business Related

occupational program.

Prerequisite:

None

ACC 202 PRINCIPLES OF ACCOUNTING II

4 (4-0)

The Principles of Accounting II (ACC202) course is a continuation of the financial

principles developed in Accounting 201. We will expand our study of

proprietorships to include partnerships & corporations. Students will be

introduced to cash flow statements, managerial accounting, cost accounting,

income tax accounting, budgeting, decision making, and cost-volume-profit

analysis. This course fulfills the needs of students transferring to other colleges

or universities and those seeking two year vocational business degrees.

The primary content of this course is directly related to a Business Related

occupational program.

Prerequisite:

ACC 201

ACC 205 COMPUTERIZED ACCOUNTING SYSTEMS

2 (2-0)

This course uses computerized accounting practice sets and commercially

available software to introduce accounting on the microcomputer. General

ledger, accounting cycle, accounts payable, accounts receivable, and payroll

applications are covered. Students will be responsible for additional assigned lab

hours.

The primary content of this course is directly related to a Business Related

occupational program.

Prerequisite:

ACC 201

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