Accounting

One of the fastest growing career opportunities today.

 

Accounting - AAS

1) Must complete a minimum of 3 different MnTC goals in Liberal Arts and Sciences

2) 1100 or higher Liberal Arts and Sciences courses required unless specified


GENERAL EDUCATION REQUIREMENTS
ECON 2530 Macroeconomics plus choose one additional Goal 5 course
ECON 2530 Macroeconomics plus choose one additional Goal 5 course
6 cr
Goal 4: Mathematics
Choose one Goal 4 course
3 cr
3 cr
 
18 crs
TECHNICAL REQUIREMENTS
ACCT1210
Payroll Accounting
This course covers the fundamental principles of accounting for payroll in a business environment. Federal Wage and Hour law provides the framework for payroll record keeping requirements that most employers must follow. The course discusses the various payroll taxes that both employers and employees are subject to, filing requirements, and legal deadlines that must be followed. (Prerequisite: none) (2 Credits: 2 lec/0 lab)

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2 cr
ACCT1212
Computerized Acct Applications
Hands on approach to the accounting system. Topical areas covered include but are not limited to general ledger, accounts receivable, accounts payable, payroll, inventory, depreciation, financial statement analysis, departmentalized accounting and client write-up. (Prerequisites: ACCT2205 Principles of Accounting) (3 Credits: 3 lecture/0 lab)

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3 cr
ACCT1218
Spreadsheets Concepts and Applications
This course uses a spreadsheet system for business applications. Procedures used include: document creation, storage, retrieval, major editing, printing, merger of documents, segments and variables, and graph creation. (Prerequisite: None) (3 Credits: 3 lecture/0 lab)

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3 cr
ACCT2201
Financial Accounting
This course covers the fundamental accounting concepts and principles which are used in a business environment to provide reports on the economic condition of an organization. The focus will be on the accrual method of accounting, utilizing Generally Accepted Accounting Principles (GAAP) to analyze and record transactions. The ultimate objective is to understand the effects of these transactions in order to provide timely and relevant information in the form of financial statements. (Prerequisite: none) (4 credits: 4 lecture/0 lab)

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4 cr
ACCT2202
Managerial Accounting
This course covers the techniques for planning, controlling, and decision making relevant to managing costs in a manufacturing environment. The focus will be on cost concepts and cost behavior in relation to job-order costing, activity-based costing, and process costing. The budgetary process will be analyzed; including preparing and interpreting a master budget and flexible budget. (Prerequisite: ACCT2201 Financial Accounting or ACCT2211 Principles of Accounting II) (4 credits: 4 lecture/0 lab)

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4 cr
ACCT2214
Auditing
This course covers the methods and procedures used in the audit environment to verify the completeness and accuracy of accounting records. Major topics include professional ethics, the attest function, the nature of evidence, internal control procedures, audit sampling techniques, and the impact of electronic data processing. (Prerequisite: ACCT2211 Accounting Principles II) (3 Credits: 3 lecture/0 lab)

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3 cr
ACCT2215
Fund/Non-Profit Accounting
This course is a study of accounting standards and practices used by governmental and other not-for- profit entities. These standards are promulgated by the Governmental Accounting Standards Board in the case of government entities, and by the Financial Accounting Standards Board for non-profit organizations. The use of fund accounting and budgetary considerations are explained along with financial reporting requirements. The four governmental fund types are covered as well as proprietary and fiduciary funds. Transaction analysis is included for all of the various funds used. (Prerequisites: ACCT2205 Accounting Principles I) (3 Credits: 3 lecture/0 lab)

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3 cr
ACCT2223
Intermediate Accounting I
This course is an in depth study of financial reporting and statements: objectives, concepts, and analysis. Topics include the demand for and supply of financial accounting information and the conceptual framework for financial reporting. This course also serves as a review of a companys accounting system, the purpose, elements, classification and disclosures associated with the balance sheet, statement of shareholders equity, the income statement and the statement of cash flows. Students will understand business operating activities as it relates to cash, receivables, and inventory cost measurement and flow assumptions. (Prerequisites: ACCT2205 Principles of Accounting I and ACCT2211 Principles of Accounting II) (3 Credits: 3 lecture/0 lab)

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3 cr
ACCT2225
Intermediate Accounting II
This course is a continuation of Intermediate Accounting I. Students apply generally accepted accounting principles to valuation of liabilities and account for contingent obligations, investment activities, and financing activities. This course emphasizes meeting the requirements for full disclosure. (Prerequisites: ACCT 2223 Intermediate Accounting) (3 Credits: 3 lecture/0 lab)

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3 cr
ACCT2235
Income Tax
This course covers individual and business income tax law as prescribed in the Internal Revenue code of 1986 and subsequent changes in the tax code. A brief overview of federal tax legislation provides a framework for understanding the law. The components of the tax formula are defined and discussed. The incremental nature of tax rates is explained, and tax rate schedules are used to compute sample cases. Gross income is defined along with exclusions and deductions as well as various tax credits. Business deductions including depreciation are described and calculated. Employee and self-employed related expenses are discussed as well as investor gains and losses. Property transactions and the many different classifications and treatments are discussed. Intuit Proconnect software, which is included with the text, is utilized to acquaint students with professional tax software and assist in return preparation. (Prerequisite: none) (4 credits: 4 lecture/0 lab)

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4 cr
ACCT2240
Cost Accounting
This course is a survey of cost management techniques, including strategic cost management, inventory management, and productivity analysis. The focus will be on decision making and interpreting financial reports. Performance measurements, such as return on investment, residual income, operating performance, and the balanced scorecard will be discussed. (Prerequisite: ACCT2202 Managerial Accounting) (4 credits: 4 lecture/0 lab)

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4 cr
BUSN2210
Legal Environment of Business
This course introduces students to ethical theory and decision-making models, as well as to the legal framework in which American business operates, the substantive legal rules that govern American business, domestically and internationally, and the ethical and social responsibility implications of business conduct within the legal environment. Governmental efforts to regulate business activity by statute and administrative agency rules and decisions are emphasized. (Prerequisite: none) (3 credits: 3 lecture/0 lab)

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3 cr
BUSN2215
Business Ethics
A study of ethical problems in business and the foundations for decisions involving ethical issues. Topics include ethical concepts, personal integrity, individual conscience, and company loyalty and responsibility conflicts as they impact on the decision process in the functional areas of business. (Prerequisite: none) (3 credits: 3 lecture/0 lab)

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3 cr
 
42 crs

Total Credit Requirement - 60


Estimated Costs for this Major

Approximate Tuition/Fees:$11,374
Minimum Tool Cost:N/A
Books/Supplies:$1,300
Estimated Total:$12,674
 

 



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