Accounting (ACCT, ACNT)

www.wc.edu/academics/programs-study
Vance Christie, Department Chair
Academic Building (ACAD), RM 216
817-598-6280 • vchristie@wc.edu

This program is designed to prepare students for various career opportunities in accounting, such as positions in accounting firms, industry or government. Emphasis is placed on internal accounting procedures and generally accepted accounting principles. This program is intended to provide a foundation on which the graduate can build an accounting career through expanded experience and/ or further education.

Students planning to transfer to a four-year institution and/or become a Certified Public Accountant should follow the Associate of Science—Business Field of Study degree plan found in the Business Administration section.

Classes

ACCT 2301 : Principles of Financial Accounting

This course is an introduction to the fundamental concepts of financial accounting as prescribed by U.S. generally accepted accounting principles (GAAP) as applied to transactions and events that affect business organizations. Students will examine the procedures and systems to accumulate, analyze, measure, and record financial transactions. Students will use recorded financial information to prepare a balance sheet, income statement, statement of cash flows, and statement of shareholders’ equity to communicate the business entity’s results of operations and financial position to users of financial information who are external to the company. Students will study the nature of assets, liabilities, and owners’ equity while learning to use reported financial information for purposes of making decisions about the company. Students will be exposed to International Financial Reporting Standards (IFRS). Three hours lecture per week.

Credits

3

ACCT 2302 : Principles of Managerial Accounting

This course is an introduction to the fundamental concepts of managerial accounting appropriate for all organizations. Students will study information from the entity’s accounting system relevant to decisions made by internal managers, as distinguished from information relevant to users who are external to the company. The emphasis is on the identification and assignment of product costs, operational budgeting and planning, cost control, and management decision making. Topics include product costing methodologies, cost behavior, operational and capital budgeting, and performance evaluation. Three hours lecture per week.

Credits

3

Prerequisites

ACCT 2301 with a C or better or consent of instructor.

ACNT 1303 : Introduction to Accounting I

A study of analyzing, classifying, and recording business transactions in a manual and computerized environment using QuickBooks. Emphasis on understanding the complete accounting cycle and preparing financial statements, bank reconciliations, and payroll. Three hours lecture per week.

Credits

3

ACNT 1304 : Introduction to Accounting II

A study of accounting for merchandising, notes payable, notes receivable, valuation of receivables and equipment, and valuation of inventories in a manual and computerized environments using QuickBooks. Three hours lecture per week.

Credits

3

Prerequisites

ACNT 1303 with a C or better.

ACNT 1311 : Introduction to Computerized Accounting

Introduction to utilizing the computer in maintaining accounting records with primary emphasis on a general ledger package. Three hours lecture and one hour lab per week.

Credits

3

Prerequisites

ACCT 2301 or ACNT 1303. Keyboarding proficiency required.

ACNT 1329 : Payroll and Business Tax Accounting

A study of payroll procedures, taxing entities, and reporting requirements of local, state, and federal taxing authorities in a manual and computerized environments. Three hours lecture per week. Only offered during the Spring Semester.

Credits

3

Prerequisites

ACCT 2301 or ACNT 1303, high school accounting, or consent of instructor.

ACNT 2288 : Internship- Accounting

A work-based learning experience that enables the student to apply specialized occupational theory, skills and concepts. A learning plan is developed by the college and the employer. The student must have at least 6 work hours per week. Student is required to obtain appropriate paid or unpaid employment.

Credits

2