Course Descriptions

ACC 105 - Survey of Accounting

1. Illustrate how accrual-based accounting is utilized to record business transactions, both during the month and month-end adjustments, for service, merchandising, and manufacturing businesses utilizing the accounting equation.
2. Prepare an Income Statement, Statement of Retained Earnings, and Balance Sheet for a company.
3. Explain the importance of the Sarbanes-Oxley Act and understand the objectives and elements of internal control, including preparing a bank reconciliation.
4. Analyze the financial performance of a company using ratio analysis.
5. Utilize cost-volume-profit and incremental analysis in business decisions.
6. Describe the primary purpose and steps involved in budgeting, and prepare a sales and cash budget.

1. Introduction to Financial Accounting
   1. Accounts, Financial Statements, the components and their interrelationships
   2. Accounting Equation
2. Accounting for Accruals and Deferrals
   1. Steps in the accounting cycle
   2. Accrual and Deferral effect on financial statements
3. Accounting for Merchandising Businesses
   1. Inventory transactions
   2. Perpetual inventory transactions
   3. Accounting for:
      1. Sales Returns
      2. Sales Allowances
      3. Sales Discounts
      4. Purchase Discounts
   4. Multistep Income Statement
4. Internal Controls, Cash, and Ethics
   1. Sarbanes-Oxley Act
   2. Reconciliation between Company’s cash account and bank statement
5. Accounting for Receivables and Inventory Cost Flow
   1. Estimating uncollectible accounts expense
   2. Notes Receivable and accrued interest
   3. Credit card sales
   4. Inventory Cost Flow Methods: FIFO, and Weighted Average
   5. Classified Balance Sheet
6. Accounting for Long Term Assets
   1. Depreciation methods
   2. Disposal of assets
   3. Intangible assets
7. Accounting for Liabilities
   1. Notes payable and interest expense
   2. Other current liabilities
   3. Overview of bonds
8.  Proprietorships, Partnerships, and Corporations
   1. Forms of business organizations & characteristics
   2. Stockholders’ Equity
   3. Dividends
9. Financial Statement Analysis
   1. Ratio Analysis
   2. Horizontal and Vertical Analysis
10. Introduction to Management Accounting
    1. Differences between Managerial and Financial Accounting
    2. Cost classifications
    3. Cost of Goods Manufactured
11. Cost Behavior
    1. Identify cost behaviors and calculate total costs: Fixed, Variable, and Mixed
    2. Prepare Contribution Margin income statements
    3. Calculate break even numbers
    4. Calculate Sales for target net income
12. Cost Accumulation, Tracing, and Allocation
    1. Direct vs Indirect costs
    2. Identify and utilize cost drivers
    3. Allocate indirect costs to jobs utilizing predetermined overhead rate
13.  Relevant Information for Special Decisions
    1. Special orders
    2. Make/buy
    3. Eliminate segments
    4. Retain or replace equipment
14. Planning for Profit and Costs Control
    1. Budgeting process and benefits
    2. Preparing Sales and Cash budgets
    3. Pro forma financial statements

ACC 150 - Payroll Accounting

1. Identify laws affecting the payroll function.
2. Utilize various pay period options to calculate gross payroll for an individual.
3. Determine taxable income and calculate federal and state taxes using different withholding methods.
4. Determine taxable income and calculate FICA taxes.
5. Determine taxable income and calculate federal and state unemployment taxes.
6. Analyze and journalize the transactions in a payroll cycle.
7. Prepare federal and state payroll tax returns.

1. Payroll and Personnel Records
   1. Fair Labor Standards Act, FICA Laws, withholding and unemployment laws, and fair employment laws
   2. State laws governing minimum wage and maximum hours
   3. Career opportunities in the payroll tax field
2. Computing Wages and Salaries
   1. Computing and paying gross income using a variety of methods
   2. Computing taxable income
   3. Garnishments and other deductions
   4. Reporting and payment requirements for employers payroll taxes
3. Computing Deductions and Related Payroll Taxes
   1. Computing, reporting, and payment of withholding for state and federal income taxes
   2. Identify ceiling requirements
   3. Compute FICA
   4. Compute FUTA
   5. Discuss State Unemployment
   6. Analyze the options to funding the payroll funded programs.
4. Analyzing and Journalizing Payroll Transactions
   1. Payroll register preparation
   2. Recording of gross payroll, withholdings, and payroll taxes
   3. Recording of deposits and payments of payroll taxes
   4. Recording end of period and other transactions

ACC 200 - Computerized Accounting I

1. Utilize correct terms to describe basic computer components, operations, and managing of files.
2. Utilize a commercial accounting program and demonstrate the functions of the accounting modules, including backup procedures, general ledger, accounts receivable, accounts payable, inventory, and payroll.
3. Plan, set up, and utilize an accounting system for merchandising and service companies to record transactions and produce reports.
4. Build electronic spreadsheets to solve a variety of accounting problems.

1. Commercial Accounting Program Modules
   1. Introduction to modular accounting software
      1. General ledger
      2. Accounts receivable
      3. Accounts payable
      4. Inventory control
      5. Payroll
   2. Backup procedures
2. Accounting Projects
   1. Set up company
   2. Record transactions
   3. Produce reports and financial statements
3. Electronic Spreadsheet as the Accounting Tool
   1. Designing spreadsheet applications
      1. Bank reconciliation
      2. Payroll register
      3. Tax reports
      4. Aging of accounts receivable
      5. Depreciation
      6. Advanced capstone project

ACC 204 - Individual Tax Accounting

1. Identify and compute gross income.
2. Identify and compute various deductions and losses.
3. Identify and compute various tax credits.
4. Identify and compute special tax computations.     
5. Apply tax laws to property transactions.
6. Prepare an individual’s tax return and related forms by hand and using professional software.

1. Federal Tax Law for Individuals
   1. Federal tax laws governing individuals
   2. Standard deduction
   3. Exemptions
2. Gross Income
   1. Adjustments
   2. Inclusions
   3. Exclusions
3. Business Income and Expenses
   1. Schedule C
   2. Hobbies
   3. Schedule E
   4. Retirement accounts
   5. Farming
4. Itemized Deductions (Schedule A)
   1. Deductible expenses
   2. Limitations
5. Tax Credits and Special Tax Computations
   1. How tax credits are used
   2. Child tax credit
   3. Earned income credit
   4. Child and dependent care credit
   5. Education tax credits
   6. Temporary energy credits
   7. Alternative minimum tax
   8. Unearned income of minor children
   9. Community property
6. Property Transactions
   1. Accounting periods
   2. Depreciation
   3. Modified Accelerated Cost Recovery System (MACRS)
7. Capital Gains and Losses
   1. Gains and losses and basis determination
   2. Non-taxable exchanges
   3. Capital gains and losses
   4. §1231 rules and recapture provisions
8. Withholding, Estimated Payments, and Payroll Taxes
   1. Payroll taxes
   2. Federal tax deposit system
   3. Self-employment tax
9. Tax Administration and Tax Planning
   1. The audit process
   2. Statute of limitations
   3. Tax planning
10. Income Tax Preparation and Related Forms
    1. Tax preparation using tax software

ACC 205 - Corporate and Partnership Tax Accounting

1. Compare different business entities and considerations applicable to those entities.
2. Apply the corporate tax rules and prepare a complex corporate tax return.
3. Demonstrate the application of Basis calculations for a partner in a Partnership.
4. Calculate Income, Expenses, and separately stated items in an S Corporation.
5. Analyze financial records with reference to tax preparation.
6. Demonstrate an understanding of taxation on Farmers.
7. Utilize tax research programs and tax return preparation software to analyze and complete various corporate, partnership, estate, and trust tax returns.

1. Business Entities and considerations
   1. Various types of business entities
   2. Accounting periods and methods
   3. Reporting requirements
2. Corporation
   1. Organization and capital structure
   2. Distributions, redemptions, and liquidation
   3. AMT and ATNOL
3. Partnerships
   1. Formation, operation, and filing requirements
   2. Distributions and contributions
   3. Basis calculations
   4. Dissolutions
4. S Corporations
   1. Formation, operation, and filing requirements
   2. Distributions and contributions
   3. Basis calculations
   4. Revocations, terminations, and reinstatements
5. Business Financial Information
   1. Income, Expenses, deductions, and credits
   2. Financial records analysis
6. Specialized Returns
   1. Trusts and Estates
   2. Exempt Organizations
   3. Retirement Plans

ACC 206 - Topics in Tax Accounting

1. Distinguish between varies types of income (earned, unearned, passive, and non-passive) and contrast tax deductions versus tax credits on an individual tax return.
2. Identify key issues and planning opportunities in advising the business taxpayer, while recognizing the differences among the choice of business entities; discern the variety of specialized tax returns.
3. Identify professional tax preparer responsibilities as specified in Circular 230 and explain powers of attorney, tax information authorizations (TIAs), and central authorized files (CAFs)

I. Accounting periods and methods allowed for both individuals and businesses under current tax laws

A. Individual reporting periods

B. Cash, accrual, or hybrid reporting basis

C. Businesses taxed as corporations reporting periods

D. Accrual basis of reporting

E. Choice of business entity.

II. Individual taxation 

A. Filing requirements

B. Forms 1040EZ, 1040A, 1040, and 1040X

C. Schedules A, D, C, and E

D. Forms 2106, 4562, 4797, and 8949

E. Taxable income computation

F. Tax credits, wage withholding, and estimated payments.

III. Corporate taxation

A. Filing requirements

B. Taxable income computation

C. Schedule M adjustments

D. Net operating losses

E. Alternative minimum tax (AMT) and affiliated groups

F. Corporate forms: 1120, 1120W, 1120X, 4255, 4797, and/or other current forms.

IV. Corporate taxation

A. Organization and capital contributions

B. Capital structure

C. Investor issues

D. Earnings and profits

E. Dividend distributions

F. Accumulated earnings and personal holding company taxes

G. Tax credits.

V. S corporation taxation

A. Making the S corporation election

B. Income allocations

C. Distributions

D. Basis

E. Losses

F. Special taxes 

G. S-corporation forms: Schedule K-1, 1120S, and/or other current forms.

VI. Partnership taxation

A. Allocations of income

B. Capital accounts

C. Basis issues

D. Loss limitations

E. Partnership distributions

F. Sale of interest

G. Family partnerships and LLCs

H. Partnership forms: Schedule K-1, 1065, 1065D, and 1065K. 

VII. Estate and trust taxation

A. Overview of Subchapter J

B. Definitions

C. Procedural matters

D. Five steps to taxable income

E. Fiduciary accounting income.

VIII. Estate and trust taxation

A. Computing taxable income

B. Dividend and Income Fund (DNI) and distribution deductions

C. Tax credits

D. Taxation of beneficiaries

E. Termination year issues.

IX. Estate and trust taxation

A. Grantor trusts

B. Tax planning

C. Property concepts

D. Estate and trust gift transfer taxes.

X. Professional responsibilities 

A. Who may practice

B. Rules of practice—Circular 230

C. Conduct of practice

D. Preparing a return

E. Tax preparer penalties. 

XI. IRS administration

A. Representation

B. Scope of authority

C. Execution of a Power of Attorney (POA)

D. Centralized authorization file (CAF)

E. E-filing.

ACC 207 - IRS Enrolled Agent Exam

1. Solve complex scenarios pertaining to Part 1 of the Special Enrollment Examination, which includes Preliminary Work with Taxpayer Data, Income and Assets, Deductions and Credits, Taxation and Advice, and Specialized Returns for Individuals.
2. Solve complex scenarios pertaining to of Part 2 of the Special Enrollment Examination, which includes Business Entities, Business Financial Information, and Specialized Returns and Taxpayers.
3. Solve complex scenarios pertaining to of Part 3 of the Special Enrollment Examination, which includes Practices and Procedures, Representation before the IRS, Specific Types of Representation, and Completion of the Filing Process.

1. Federal Tax Law for Individuals
   1. Preliminary work and taxpayer data
   2. Income and assets
      1. Income
      2. Retirement income
      3. Property, real and personal
      4. Self-employment tax
   3. Deductions and credits
      1. Itemized deductions
      2. Credits
   4. Taxation and advice
      1. Taxation, including AMT
      2. Advising individual taxpayer
   5. Specialized returns
      1. Estate tax
      2. Gift tax
      3. FBAR
2. Federal Tax Law for Businesses
   1. Business entities
      1. Different types of entities and considerations
      2. Partnerships
      3. Corporations and forming a corporation
      4. S-Corporations
   2. Business financial information
      1. Business income
      2. Business expenses, deductions, and credits
      3. Business assets
      4. Analysis of financial records
      5. Advising the business taxpayer
   3. Specialized returns
      1. Trust and estate income tax
      2. Exempt organizations
      3. Retirement plans
      4. Farmers
3. Representation, Practices, and Procedures
   1. Practices and Procedures
      1. Practice before the IRS
      2. Requirements for Enrolled Agents
      3. Sanctionable acts
      4. Rules and penalties
   2. Representation before the IRS
      1. Power of Attorney
      2. Building taxpayer’s case
      3. Taxpayer financial situation
      4. Supporting documentation
      5. Legal authority and references
      6. Related issues
   3. Specific types of representation
      1. Representing taxpayer in collection process
      2. Penalties and/or interest abatement
      3. Representing taxpayer in audits/examinations
      4. Representing taxpayer before appeals
   4. Completion of the filing process
      1. Accuracy
      2. Information shared with taxpayer
      3. Record maintenance
      4. Electronic filing

ACC 211 - Financial Accounting [SUN# ACC 2201]

1. Demonstrate how financial accounting information is communicated through financial statements
2. Develop and record basic accounting transactions
3. Reconcile a bank statement
4. Determine the cost of goods sold and ending inventory using different inventory cost methods
5. Evaluate notes payable and determine interest expense
6. Prepare the operating activities section of the statement of cash flows using the indirect method

1. Framework for Financial Accounting
   1. Accounting as a measurement/communication process
   2. Financial Accounting Information
   3. Careers in Accounting
2. The Accounting Cycle: During the Period
   1. Measuring business activities
   2. Debit and credits effects on Accounts in the Basic Accounting Equation.
3. The Accounting Cycle: End of the Period
   1. Accrual-Basis Accounting
   2. The Measurement Process
   3. The Reporting Process: Financial Statements
   4. The Closing Process
4. Cash and Internal Controls
   1. Internal Controls
   2. Cash and Bank Reconciliations
   3. Cash Analysis
5. Receivables and Sales
   1. Recognition and Valuation of Accounts Receivables
   2. Notes Receivable and Interest
6. Inventory and Cost of Goods Sold
   1. Calculation of inventory and cost of goods sold
   2. Recording of inventory transactions
   3. Lower-of-Cost-or-Market Method
7. Long Term Assets
   1. Acquisitions
   2. Cost Allocation
   3. Asset Disposition including Sale, Retirement, or Exchange
8. Current Liabilities
   1. Current Liabilities
   2. Contingencies
   3. Liquidity Analysis
9. Long Term Liabilities
   1. Overview of Long Term Debt
   2. Pricing of a Bond
   3. Recording of Bonds Payable
   4. Other Long Term Liabilities
10. Stockholder’s Equity
    1. Invested Capital
    2. Earned Capital
    3. Reporting Stockholders’ Equity
    4. Equity Analysis
11. Statement of Cash Flows
    1. Format of the Statement of Cash Flows
    2. Preparation of the Statement of Cash Flows

ACC 212 - Managerial Accounting [SUN# ACC 2202]

1. Compare and contrast the traditional and the contribution format Income Statement
2. Compute the cost of jobs using a predetermined overhead rate
3. Determine the effect of changes to net operating income utilizing CVP Analysis
4. Use activity-based costing to compute product and customer margins
5. Construct a budgeted income statement
6. Compute return on investment (ROI)

1. Managerial Accounting and Cost Concepts
   1. Cost Classifications for manufacturing companies
   2. Cost classifications for predicting cost behavior
   3. Analysis of mixed costs
   4. Traditional and Contribution Format Income Statements
2. Job Order Costing
   1. Flow of costs in a job-order cost system
   2. Determination and application of the predetermined overhead rate
   3. Schedules of Cost of Goods Manufactured and Cost of Goods Sold
   4. Distinguishing between under-and over-applied manufacturing overhead
3. Process Costing
   1. Explanation of the flow of costs in a process cost system
   2. Computation of equivalent units
   3. Compute and apply costs
4. Cost Volume Profit
   1. Basics of Cost-Volume-Profit (CVP) analysis
   2. Break-Even and Target Profit Analysis
   3. Sales Mix
5. Activity Based Costing
   1. Overview of Activity-Based Costing (ABC)
   2. Application of ABC costing
   3. Comparison of Traditional and ABC Product Costs
   4. Limitations of Activity-Based Costing
6. Master Budgeting
   1. Overview of the Master Budget
   2. Preparing the Master Budget
7. Flexible Budgets and Performance Analysis
   1. Flexible budget reports
   2. Flexible budget variances
   3. Flexible budgets with multiple cost drivers
8. Standard Costs and Variances
   1. Standard costs
   2. Determination of direct materials variances
   3. Determination of direct labor variances
   4. Determination of variable manufacturing overhead variances
9. Performance Measurement in Decentralized Organizations
   1. Responsibility Accounting
   2. Evaluating Investment Center performance
   3. Residual Income
   4. Operating performance measures
10. Differential Analysis
    1. Cost concepts for decision making
    2. Adding and drooping product lines and other segments
    3. Make or buy decisions
    4. Opportunity costs
    5. Special orders
    6. Utilization of constrained resource
    7. Joint product costs
11. Capital Budgeting Decisions
    1. The Payback method
    2. Net present value method
    3. The internal rate of return
    4. The simple rate of return

ACC 221 - Intermediate Accounting I

1. Calculate the revenue to be recognized under long-term contracts.
2. Calculate the present value of an ordinary annuity and annuity due.
3. Estimate the allowance for uncollectible accounts.
4. Determine ending inventory using the dollar-value LIFO inventory method.
5. Determine periodic depreciation using both time-based and activity-based methods of depreciation and account for dispositions.
6. Account for long-term notes.
7. Account for operating, financing, and sales-type leases.
8. Analyze and record the issuance of stock when sold for cash or noncash consideration.
9. Prepare a statement of cash flows.

1. Environment and Theoretical Structure of Financial Accounting
   1. Financial accounting environment
   2. Conceptual framework
2. Review of the Accounting Process
3. The Balance Sheet and Financial Disclosures
   1. Balance Sheet
   2. Financial disclosures
   3. Risk analysis
4. The Income Statement, Comprehensive Income
5. Revenue Recognition
   1. Introduction to revenue recognition
   2. Special topics in revenue recognition
   3. Accounting for long-term contracts
6. Time Value of Money Concepts
   1. Basic time value concepts
   2. Basic annuities (present Value and future Value)
7. Cash and Receivables
   1. Cash and cash equivalents
   2. Current receivables
8. Inventories: Measurement
   1. Recording and measuring inventory
   2. Methods of simplifying
9. Inventories: Additional Issues
   1. Subsequent measurement of inventory
   2. Inventory estimate techniques
   3. Dollar-Value LIFO retail
10. Property, Plant, and Equipment and Intangible Assets: Acquisition
    1. Valuation at acquisition
    2. Noncash acquisitions
11. Property, Plant, and Equipment and Intangible Assets: Utilization and Disposition
    1. Depreciation, depletion, and amortization
    2. Additional issues
    3. Subsequent expenditures
12. Current Liabilities and Contingencies
13. Bonds and Long-Term Notes
    1. Bonds
    2. Long-term notes payable
14. Leases
    1. Accounting by the lessor and lessee
    2. Uncertainty in lease transactions
15. Stockholders’ Equity
    1. The nature of stockholders’ equity
    2. Paid-in capital
    3. Retained earnings
16. Statement of Cash Flow
    1. The content and value of the statement of cash flows
    2. Preparing the SCF: indirect method of reporting cash flows from operating activities

ACC 233 - Cost Accounting

1. Employ regression analysis to estimate a mixed cost function.
2. Formulate a spreadsheet to perform cost-volume-profit (CVP) analysis.
3. Evaluate constrained resource decisions utilizing Linear Programing within a spreadsheet application.
4. Identify support departments and allocate their costs to other departments using the Reciprocal Method within a spreadsheet application.
5. Prepare, present, and defend solutions to various problems throughout the course.

1. The Cost Function
   1. Identifying relevant costs for a decision
   2. Cost behavior
   3. Cost estimation techniques
   4. Estimating the cost function
   5. Regression analysis
   6. Uses and limitations of cost estimates
2. Cost-Volume-Profit (CVP) Analysis
   1. Cost-volume-profit analysis
   2. Performing CVP analysis with a spreadsheet
   3. Assumptions and limitations of CVP analysis
   4. Margin of safety and degree of operating leverage
3. Relevant Information for Decision Making
   1. Relevant information for decision making
   2. Special orders
   3. Keep or drop decisions
   4. Insource or outsource decisions
   5. Product emphasis decisions
4. Job Costing
   1. Assigning product costs to individual goods or services
   2. Job costing in manufacturing
   3. Allocating overhead
   4. General ledger entries for a manufacturer
   5. Service sector job costing
   6. Job cost information, decision making, and incentives
   7. Spoilage, rework and scrap in job costing
   8. Production quality and behavior issues
5. Multi-Pool, Multi-Driver Costing Methods
   1. Activity-based costing (ABC)
   2. Assigning costs using an ABC system
   3. ABC in service organizations
   4. Activity-based management
   5. Other multi-pool, multi-driver cost accounting systems
6. Measuring and Assigning Support Department Costs
   1. Support department cost allocation
   2. Process for allocating support department costs
   3. Direct method
   4. Step-down method
   5. Reciprocal method
   6. Single-versus dual-rate allocations
7. Static and Flexible Budgets
   1. Budgets and the strategic management process
   2. Master budget
   3. Flexible budget
   4. Budgets as performance benchmarks
   5. Beyond traditional budgeting
8. Standard Costs and Variance Analysis
   1. Variance analysis and the strategic management process
   2. Standard costing
   3. Direct cost variances
   4. Overhead variances
   5. Cost variance adjustments
9. Strategic Investment Decisions
   1. Strategic investment decisions; capital budgeting, investment opportunities, quantitative and qualitative analyses.
   2. Net present value method
   3. Business risk and sensitivity analysis
   4. Internal rate of return
   5. Payback method
   6. Accrual accounting rate of return method
   7. Other considerations for strategic investment decisions
   8. Income taxes and the net present value method
10. Strategic Pricing and Cost Management
    1. Target Costing
    2. Kaizen Costing
    3. Life Cycle Costing
    4. Pricing methods

ACC 250 - Certified Bookkeeper

1. Demonstrate the concepts of accrual accounting to transactions that span fiscal periods.
2. Identify and correct accounting errors and reconcile a bank account.
3. Prepare payroll transactions from paying wages to depositing and reporting taxes.
4. Compute depreciation using various methods of calculating depreciation for book and tax purposes and prepare the appropriate transactions.
5. Compute the cost of inventory and demonstrate how to record the costs by preparing entries and reporting the inventory on financial statements.
6. Apply effective implementation of internal controls and fraud prevention.

1. Accruals, Deferrals, and the Adjusted Trial Balance
   1. Why Accruals, Deferrals, and Other Adjustments Are Made
   2. Accrual of Revenues and Expenses
   3. Computation of Revenues Collected in Advance
   4. Computation of Expenses After a Prepayment
   5. Other Adjusting Entries
   6. Unadjusted Trial Balance Through the Adjusted Trial Balance
2. Correction of Accounting Errors and the Bank Reconciliation
   1. Where Accounting Errors Occur and How They Are Found
   2. Performing the Bank Reconciliation
   3. Finding and Correcting Errors on the Unadjusted Trial Balance
   4. Correcting Current-Period Accrual and Deferral Errors
3. Payroll
   1. How to Pay Different Kinds of Employees
   2. Federal and State Wage-Hour Law
   3. Paying Employees Under Federal Law
   4. Employment Records and Payroll Recordkeeping
   5. Form W-4 and Comparable State Forms
   6. Withholding and Depositing Federal Taxes
   7. Federal Employment Reporting Forms and Due Dates
   8. When Wages Become Taxable
   9. Other Reporting Rules
   10. Payroll Register and Journal Entries

4. Depreciation
   1. Book and Tax Depreciation
   2. Depreciation Under Generally Accepted Accounting Principles (GAAP)
   3. Computing and Allocating Depreciation
   4. Depreciation Under Federal Income Tax Depreciation Rules
   5. Tax Depreciation of Vehicles
5. Inventory
   1. General Concepts of Accounting for Inventory
   2. The Perpetual Method
   3. The Periodic Method
   4. Weighted-Average and Moving-Average Methods
   5. First-In, First-Out (FIFO) Method
   6. Last-In, Last-Out (LIFO) Method
   7. Lower of Cost or Market (LCM) Rule
6. Internal Controls and Fraud Prevention
   1. How Dishonest Employees Steal Inventory
   2. How to Prevent or Spot Employee Theft
   3. Check Fraud
   4. Credit Card Fraud
   5. How Vendors Cheat You

ACC 273 - Governmental and Nonprofit Accounting

1. Demonstrate an understanding of the unique accounting environment for governmental entities, including dual-track nature of the accounting processes
2. Record the annual budget, accounting for revenues, encumbrances, and expenditures
3. Formulate journal entries for governmental activities at both the government-wide level and at the fund level for typical governmental funds
4. Create financial reports from the general journal and trial balance data, including the government-wide Statement of Net Position and Statement of Activities, and typical governmental fund reports.
5. Demonstrate an understanding of the unique accounting and reporting environment for nonprofit entities by formulating and recording journal entries and creating financial reports, including the Statement of Financial Position and the Statement of Functional Expenses.

1. Introduction to Accounting and Financial Reporting for Governmental and Not-for-Profit Entities
   1. Distinguishing characteristics of governmental and not-for-profit entities
   2. Overview of financial reporting and compliance
   3. Accounting principles and standards
2. Principles of Accounting and Financial Reporting for Governmental Entities
   1. Activities of government
   2. Integrated accounting and financial reporting
   3. Major fund reporting
3. Governmental Operating Statement Accounts and Budgetary Accounting
   1. Classification and reporting of expenses/revenues at government-wide level
   2. Structure and characteristics of the general fund
   3. Preparing and using budgetary information
4. Accounting for Governmental Operating Activities
   1. Prepare journal entries using the dual-track approach          
   2. Prepare journal entries for special revenue funds and interfund activities       
5. Accounting for General Capital Assets and Capital Projects
   1. Analyze journal entries for general capital assets and capital projects
   2. Prepare journal entries for general capital assets and capital projects
6. Accounting for General Long-Term Liabilities and Debt Service
   1. Analyze journal entries for long-term liabilities and debt service funds
   2. Prepare journal entries for long-term liabilities and deb service funds
7. Accounting for the Business-Type Activities of State and Local Governments
   1. Analyze journal entries for proprietary funds, internal service funds, and enterprise funds
   2. Prepare journal entries for proprietary funds, internal service funds, and enterprise funds
8. Financial Reporting of State and Local Governments
   1. Examine governmental financial reportings
   2. Prepare the Statement of Net Position at the government-wide level
   3. Prepare the Statement of Activities at the government-wide level
9. Accounting for Not-for-Profit Entities
   1. Distinguishing characteristics of the nonprofit operating environment
   2. Accounting for net asset restrictions and revenues, gains, and expenses
   3. Prepare typical journal entries for a not-for-profit organization
10. Financial Reporting for Not-for-Profit Entities
    1. Examine nonprofit reporting requirements
    2. Distinguish between restricted and unrestricted net assets
    3. Prepare the Statement of Net Position for a nonprofit organization
    4. Prepare the Statement of Functional Expenses for a nonprofit organization

ACC 281 - QuickBooks Computer Accounting

1. Generate and examine financial reports.
2. Demonstrate and report on changes to the chart of accounts.
3. Analyze and reconcile bank accounts.
4. Demonstrate recording of customer invoice, payments and credits.
5. Demonstrate creation of purchase order, receiving inventory and entering a bill for a vendor.
6. Illustrate payroll process and paying payroll liabilities.
7. Experiment with creating and customizing a QuickBooks company.
8. Illustrate purchase and sales transactions for a service company.
9. Illustrate purchase and sales transactions for a merchandising company.
10. Apply knowledge acquired in this and your other accounting courses to a consulting project using QuickBooks software.

1. Introduction to QuickBooks
   1. Installation of software
   2. Creation and use of company file
   3. Navigation tools
   4. Menus and icons
   5. Reports
   6. Back-up and restore of company files
2. Customizing QuickBooks
   1. Preferences
   2. Chart of Accounts
   3. Security
3. Banking
   1. Check register
   2. Deposit process
   3. Writing checks
   4. Reconciling bank accounts.
4. Customers and Sales
   1. Adding, editing and viewing customers
   2. Sales
   3. Invoicing
   4. Billing
   5. Customer Reports
5. Vendors, Purchases, and Inventory
   1. Adding, editing and viewing vendors
   2. Adding, editing and viewing items and services
   3. Inventory, Purchase Orders and Bills
   4. Sales tax
   5. Vendor reports
6. Employees and Payroll
   1. Payroll setup
   2. Time Tracking
   3. Paychecks
   4. Payroll liabilities and Payroll tax forms.
   5. Payroll reports
7. Reports and Graphs
   1. Trial Balance and Adjusted Trial Balance
   2. General Ledger
   3. Profit and Loss
   4. Balance Sheet
   5. Statement of Cash Flows
   6. Tax Reports
   7. Management Reports
8. New Company Setup
   1. EasyStep setup
   2. Customizing QuickBooks
9. Accounting for a Service Company
   1. Purchase and sales transactions
   2. Adjusting entries
   3. Reports
10. QuickBooks Consulting Project (8 week project)
    1. Real, practical experience working with an existing business that utilizes QuickBooks.
    2. Maintain monthly accounting records for the business, and produce all required internal and external reports using QuickBooks Software.

ACC 290 - Internship in Accounting

1. Demonstrate the ability to apply academic-specific and cumulative knowledge acquired in the student’s major in a workplace setting

1. Observing and Performing Accounting Related Activities
   1. Observe accounting activities in relation to learned concepts
   2. Apply the learned concepts in the workplace environment
   3. Prepare and process accounting or tax related information
2. Performing Professional Management Skills
   1. Prioritize tasks
   2. Find realistic solutions
   3. Meet deadlines
3. Teamwork
   1. Identify teamwork concepts
   2. Apply teamwork concepts to accomplish objectives
4. Demonstrate Critical Thinking Skills
   1. Analyze data and evaluate approach to problems
   2. Leadership-synthesize and offer solutions to accounting problems
   3. Develop Soft Skills
5. Interpersonal Communication in a Business Environment
   1. Oral communication
   2. Written communication
   3. Email etiquette
   4. Telephone etiquette

ACC 292 - Volunteer Income Tax Preparation Field Experience

1. Complete Federal and Arizona tax returns for individuals.
2. Determine what documentation is required to complete the individual returns.
3. Determine which deductions and credits are available to the taxpayers.
4. Communicate with taxpayers and supervisors regarding the status of the returns including completed forms, missing information, and outstanding tasks.

1. VITA Training
   1. Certification - Volunteer Standards of Conduct
   2. Certificaiton - Quality Review Practices
   3. Certification - Tax Preparation, Advanced
   4. Certificaiton - Health Savings Account
2. Tax Experience: Prepare Individual Income Tax Returns

ACC 296 - Independent Study in Accounting

1. Demonstrate the ability to apply academic-specific and cumulative knowledge acquired in the student’s major to a project or research paper

1. Student Collaborates with Instructor
   1. Determine Subject Matter of Project or Research
   2. Student writes proposal to include:
      1. Objectives
      2. Books and other course materials
      3. Assignments/activities
      4. Timeline
      5. Deliverables
      6. Evaluation criteria/grading
   3. Student completes and submits proposal
   4. Proposal approved
2. Student Completes and Submits Project or Research Paper