Courses: Accounting

ACCOUNTING (ACC)

Course descriptions from the 2016-2017 Catalog.

ACC 124 Principles of Accounting I (3)

Introduces basic accounting principles and practices for service and/or merchandising types of businesses. Areas include: accounting as an information system, the accounting cycle, financial statements, internal control, current and/or long-term assets, current liabilities and payroll. Special emphasis will be placed upon the practical application of accounting principles. (45 lecture hours)

Prerequisite: ENG 19 with C or better or equivalent, or placement in ENG 22.Rec Prep: BUSN 188 or concurrent enrollment

ACC 125 Principles of Accounting II (3)

Continues the study of financial accounting procedures. Areas include: long-term assets, long-term liabilities, accounting for corporations and/or partnerships. The statement of cash flows and financial statement analysis may be covered. (45 lecture hours)

Prerequisite: ACC 124 with a grade of C or better or equivalent or instructor approval.

ACC 132 Payroll and Hawaiʻi General Excise Tax (3)

Introduces principles, manual and computerized procedures, and terminology for business applications of payroll accounting. Includes preparation and filing of federal and Hawai'i state forms for payroll taxes and the Hawai'i General Excise and Use Tax.

Prerequisite: ACC 120, ACC 124, or ACC 201 with a grade of C or better or equivalent.

Rec Prep: ENG 22, or ENG 24.

ACC 134 Individual Income Tax Preparation (3)

Introduces the preparation of federal and state of Hawai'i individual income tax returns with an emphasis on tax law and regulations and their application to the tax returns. This course is intended for an individual preparing basic tax returns under the supervision of an accounting professional.Prerequisites: ENG 22 or ENG 24 or equivalent with a grade of C or better, or qualification for ENG 100 or ESL 100 or equivalent, or successful completion of ESOL 94F or ESOL 94S, or consent of instructor..

Rec Prep: Completion of ICS 100 or ICS 101 or BUSN 150 or BUS 101 or concurrent.

ACC 137 Business Income Tax Preparation (3)

Introduces Federal and Hawai'i tax laws and regulations and basic return preparation for business entities. This course is intended for an individual preparing basic tax returns under the supervision of an accounting professional.

Prerequisite: ACC 134 with a grade of C or better, or equivalent, or instructor approval.

Rec Prep: Completion of ICS 100 or ICS 101 or BUSN 150 or BUS 101 or concurrent.

ACC 201 Introduction to Financial Accounting (3)

An introduction to accounting principles and practices used to record and communicate financial information. Analyze methods for valuating assets, liabilities, and equity of an organization. Areas include: Accounting as an information system, the accounting cycle, revenue and expense recognition, accounting for merchandising operations, financial statements including cash flow, internal control, current assets, current and long-term liabilities, payroll, long-term assets, and corporate equity.

Prerequisite: Placement into ENG 100 or equivalent, or instructor approval

Rec Prep: BUSN 188.

ACC 202 Introduction to Managerial Accounting (3)

An introduction to managerial accounting methods for evaluating performance including cost accounting, budgeting, break-even analysis, ratio analysis, standard cost systems, and reporting for internal decision making. The course also covers capital budgeting and incremental analysis. Requirement for the Accounting AS program; elective for the Liberal Arts AA program.

Prerequisite: ACC 201 with a grade of C or higher, or both ACC 124 with a grade of C or higher and ACC 125 with a grade of C or higher, or instructor approval.

ACC 252 Using QuickBooks® in Accounting (3)

Provides "hands-on" approach to computerized accounting using QuickBooks®. Applies previously acquired accounting skills and knowledge in a computerized environment to set up and maintain accounting records. Emphasis will be placed on the application of QuickBooks® to the accounting cycle. (Formerly ACC 150 at Leeward CC)Prerequisite: C or better in ACC 120, ACC 124, or ACC 201; and credit or concurrent enrollment in BUS 101 or BUSN 150 or ICS 100 or ICS 101; or consent of instructor. ACC 255 Using Excel® in Accounting (3)

Provides "hands-on" training in the use of spreadsheets on computers to solve accounting problems. Applies previously acquired accounting skills and knowledge. Emphasizes financial and managerial accounting. (Formerly ACC 155 at Leeward CC)

Prerequisite: Credit or concurrent enrollment in ACC 126 or ACC 202; and BUS 101, BUSN 150, ICS 100 or ICS 101 or equivalent, or consent of instructor.

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