PLA Portfolio Assessment Course Subjects

Accounting

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Courses 1-10 of 27 matches.

Principles of Financial Accounting   (ACC-101)   3 credits  

Course Description
Principles of Financial Accounting is designed to help you learn to record business transactions, summarize these transactions, and prepare, interpret, and use financial statements. The course begins with the accounting cycle, merchandising concerns, and financial assets and finishes with plant assets, liabilities, and stockholder's equity.

Learning Outcomes
Through the Portfolio Assessment process, students will demonstrate that they can appropriately address the following outcomes:

• Explain the need for accounting.
• Identify users of financial accounting information.
• Interpret the components of a transaction and explain how the general journal and general ledger relate to the process of accounting.
• Prepare, interpret, and use basic financial statements: the income statement, the statement of owner's equity, and the balance sheet.
• Discuss and apply the steps in the accounting cycle.
• Explain the accounting for inventories, plant assets, liabilities, and stockholder's equity.

Available by TECEP and CLEP exam. 

Office Accounting I   (ACC-105)   3 credits  

Course Description
Basic accounting course designed for non-transfer students. Emphasizes the techniques of double-entry book-keeping: journalizing, posting, adjusting and closing entries, and financial statement preparation. Introduces computerized accounting through general ledger software.

Learning Outcomes
Through the Portfolio Assessment process, students will demonstrate that they can appropriately address the following outcomes:

• Define the accounting process.
• Apply basic concepts and principles used in accounting.
• Use the accounting equation to analyze basic transactions in terms of increases and decreases.
• Prepare basic financial statements.
• Use debits and credits to record increases and decreases in accounts.
• Analyze transactions using T-accounts including debits and credits.
• Record journal entries in a general journal, post to the general ledger, and prepare a trial balance.
• Journalize and post using cash receipts and cash payment journals.
• Prepare a worksheet using general ledger software.

 

Cost Accounting I   (ACC-303)   3 credits  

Course Description
This course examines the world of Cost Accounting. It reviews the nature and calculation of costs associated with delivering products and services. Students will gain experience with the fundamental analytical tools that are utilized for cost accounting, and in assessing how cost information can be used to make managerial decisions.

Learning Outcomes
Through the Portfolio Assessment process, students will demonstrate that they can appropriately address the following outcomes:

• Demonstrate how cost accounting integrates with other functions within the organization and how it provides information for decision making.
• Utilize various types of cost systems within different types of organizations.
• Apply fundamental cost accounting methods, processes, and calculations for planning and decision making purposes.
• Prepare a master budget and discuss the limitations of the budgetary process on the organization.
• Evaluate cost accounting practices for pricing decisions.
• Discuss the impact cost accounting information has on an organization in fulfilling its mission.
• Review cost accounting information and devise relevant recommendations for decision making.
• Analyze and apply quantitative methods to cost accounting issues.

 

Accounting Systems and Concepts   (ACC-340)   3 credits  

Course Description
A practical approach to understanding and creating efficient accounting information systems that focus on a conceptual basis for transaction processing. Manual handling and processing of transactions in revenue, expenditure, payroll, and inventory cycles serves as a platform for developing and manipulating accounting information with a computerized transaction-processing and electronic database environment. Practical application of accounting knowledge is a significant aspect of course requirements.

Learning Outcomes
Through the Portfolio Assessment process, students will demonstrate that they can appropriately address the following outcomes:

• Discuss the importance of accounting systems to the accountant and the organization.
• Explain how accounting information systems facilitate the accounting information generating processes.
• Define and give examples of: Revenue Recognition and the Matching Concept.
• Describe the payroll process and the reporting obligations required by federal and state governments for employers.
• Explain effective inventory management and the inventory cycle.
• Discuss the considerations when deciding on an accounting system for an organization: Low-end, Mid-Market and High-end systems.

 

Principles of Hospital Accounting   (ACC-130)   3 credits  

Course Description
Provides a solid foundation in the basic principles and practices of accounting, with illustrations and problems relating to hospitals. Requires no previous knowledge or experience in hospital accounting.

Learning Outcomes
Through the Portfolio Assessment process, students will demonstrate that they can appropriately address the following outcomes:

• Discuss the GAAP for Health Care Organizations
• Describe in detail the concept of financial reporting for health care organizations
• Explain unique accounting and measurement issues in health care organizations including accounting for revenues, assets, expenses, and liabilities
• Articulate the concept of journalizing transactions and prepare the basic financial statements for not-for-profit and governmental health care organizations.
• Describe other accounting issues in the health care industry, including budgeting and costs, auditing, taxation and regulation, prepaid health care services and continuing care retirement communities.
• Explain financial and operational analysis of health care organizations.

 

Intermediate Accounting I   (ACC-201)   3 credits  

Course Description
Topics covered include accounting theory, a review of the accounting cycle, financial statements, time value of money, current assets and operational assets. This course is essential for students who wish to pursue a major in accounting.

Learning Outcomes
Through the Portfolio Assessment process, students will demonstrate that they can appropriately address the following outcomes:

• Prepare reports in compliance with generally accepted accounting principles (GAAP).
• Discuss the international movement towards one global set of financial statements under the International Financial Reporting Standards (IFRS) initiative.
• Prepare and explain a balance sheet, its components and the classifications of assets, liabilities and stockholder equity, and discuss and evaluate disclosure requirements for various balance sheet accounts.
• Prepare and explain a balance sheet, its components and the classifications of assets, liabilities and stockholder equity, and discuss and evaluate disclosure requirements for various balance sheet accounts.
• Prepare and explain an income statement, its components and the classifications of revenue, expenses, gains, losses, extraordinary items, and other related items.
• Evaluate a statement of cash flows using both the direct and indirect methods.
• Explain the time value of money concept, and analyze and compute reported amounts used in the preparation of financial statements.
• Prepare transactions for cash and receivables, explain and evaluate the internal controls systems used to protect cash and receivables, and prepare appropriate adjustments and/or account reconciliations when needed.
• Explain and prepare transactions about a company's inventory transactions using and evaluating a variety of inventory valuation methodologies and making adjustments to inventory accounts when needed.
• Prepare and explain transactions about a company's operational assets including computing depreciation, depletion, and amortization using a variety of methods and recording transactions of operational asset acquisition, disposal, and impairment in the accounting records of a company.

 

Intermediate Accounting II   (ACC-202)   3 credits  

Course Description
Topics covered include investments, current liabilities and contingencies, bonds and long-term notes, leases, accounting for income taxes, pensions, shareholders' equity, earnings per share, share-based compensation, accounting errors, and the statement of cash flows. This course is essential for students who wish to pursue a major in accounting.

Learning Outcomes
Through the Portfolio Assessment process, students will demonstrate that they can appropriately address the following outcomes:

• Demonstrate your understanding of accounting for investments by preparing entries and properly recording financial information under a variety of different scenarios.
• Account for and disclose financial information for transactions as they apply to current liabilities and contingencies.
• Demonstrate knowledge of the accounting for bonds payable and notes payable by preparing appropriate entries and financial disclosure information for the bonds and notes along with related balance sheet and income statement accounts.
• Analyze and record accounting transactions that apply to income taxes and related accounts on the income statement and the balance sheet.
• Prepare and describe transactions about a company's leases, for both operating leases and capital leases.
• Explain the different type of entries and financial disclosures required for pension plans and related post-retirement benefits, such as medical insurance.
• Record transactions and prepare proper financial information as it pertains to stockholder equity transactions.
• Discuss and prepare financial information and transactions as it pertains to stock options and other related equity-type compensation plans.
• Compute basic and diluted earnings per share for a corporation with either a simple or complex capital structure.
• Account for a variety of accounting changes and error types found on the financial statements, including prospective and retrospective-type disclosures.
• Prepare and explain a statement of cash flows, with its categories of cash flows from operating, investing and financing activities, and discuss and evaluate disclosure requirements for cash flows.

R.JUL13 

Microcomputers and Accounting   (ACC-213)   3 credits  

Course Description
introduces the student to the microcomputer and the software that is designed to perform accounting and financial functions. The course will provide the student with hands-on experience in spread sheeting and various accounting software applications.

Learning Outcomes
Through the Portfolio Assessment process, students will demonstrate that they can appropriately address the following outcomes:

• Demonstrate a working knowledge of a General Ledger Accounting software package--examples would include but is not limited to QuickBooks or Peachtree.
• Illustrate how the use of a spreadsheet software package is used in everyday accounting situations.
• Explain and discuss the file management tools available in computer operating systems.

 

Advanced Accounting I   (ACC-401)   3 credits  

Course Description
A review and introduction to both the concepts and technical issues associated with more advanced accounting topics. In ACC-401, complex consolidated financial statements will be addressed in detail, along with accounting for various types of subsidiary investments. In addition interim and segmental reporting will be discussed. International operations and foreign exchange transactions will also be covered in-depth, along with derivatives. Related professional pronouncements will be introduced during the course as well.

Learning Outcomes
Through the Portfolio Assessment process, students will demonstrate that they can appropriately address the following outcomes:

• Explain the methods for consolidation of companies into one financial entity where there is a controlling interest in the company.
• Prepare consolidation elimination entries for a variety of intercompany transactions between related party transactions.
• Prepare consolidated financial statements including the income statement, balance sheet and the statement of cash flows.
• Discuss the accounting needs for corporations with international operations.
• Integrate the differences of currency and international accounting methods into a set of consolidated financial statements in accordance with Generally Accepted Accounting Principles.
• Analyze the differences between derivatives and how they are accounted for on the financial statements.
• Translate foreign financial statements into consolidated statements under Generally Accepted Accounting Principles.
• Identify and account for reportable segments.
• Prepare interim financial statements for a consolidated reporting entity.

 

Advanced Accounting II   (ACC-402)   3 credits  

Course Description
A review and introduction to both the concepts and technical issues associated with more advanced accounting topics. Topic coverage in ACC-402 will include an in-depth discussion of partnership accounting from initial formation to liquidation. In addition, governmental and not-for-profit accounting will be covered in detail. Finally, fiduciary accounting for estates and trusts and also debt restructuring will complete the topic coverage. Related professional pronouncements will be introduced during the term as well.

Learning Outcomes
Through the Portfolio Assessment process, students will demonstrate that they can appropriately address the following outcomes:

• Explain the use of partnerships as a business entity for financial and taxation purposes.
• Apply Generally Accepted Accounting Principles (GAAP) to a variety of partnership accounting issues.
• Discuss the role of the Governmental Accounting Standards Board (GASB) and its impact on financial reporting for state and local governmental entities.
• Prepare various entries and financial statement information for state and local governmental entities.
• Account for transactions of not-for-profit organizations.
• Compare and contrast accounting issues as they pertain to Not-for-Profit Colleges, Universities and Health Care Organizations.
• Discuss the accountant's role in regards to estate and trust accounting.
• Analyze accounting issues as it pertains to corporate reorganizations, bankruptcies and liquidations.

 

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