Academic Catalog - Accounting

ACC 101 / 1001 Fundamentals of Accounting 3 Credits
Introduces accounting fundamentals with emphasis on the procedures and practices used in business organizations. Major topics include the accounting cycle for service and merchandising companies, including end-of-period reporting.  (Contact hours – 15)

ACC 115 / 1015 Payroll Accounting  3 Credits
Covers federal and state employment laws and their effects on personnel and payroll records. The course is non-technical and is intended to give students a practical working knowledge of the current payroll laws and actual experience in applying regulations, including computerized payroll procedures.  (Contact hours – 15)
Co-requisite: ACC 101 / ACC 1001 or ACC 1011 or ACC 121 / ACC 1021

ACC 121  / ACC 1021 Accounting Principles I 4 Credits
This course introduces accounting principles for understanding the theory and logic that underlie procedures and practices for business organizations. Major topics include the accounting cycle for service and merchandising companies, internal control principles and practices, notes and interest, inventory systems and costing, and plant and intangible asset accounting. (Contact hours – 60)

ACC 122  / ACC 1022 Accounting Principles II 4 Credits
This course continues the application of accounting principles to business organizations. Major topics include corporate equity and debt financing, investments, cash flow statements, financial analysis, budgeting, cost and managerial accounting.  (Contact hours – 60)
Prerequisite: ACC 121 / ACC 1021 or equivalent

ACC 125  / ACC 1025 Computerized Accounting 3 Credits
Introduces the capabilities of computer applications in accounting. Includes solving accounting problems of a financial nature and hardware and software controls. (Contact hours – 45)
Prerequisite:  ACC 101 / ACC 1001 or ACC 1011 or ACC 121 / ACC 1021

ACC 131 / 1031 Income Tax 3 Credits
Introduces basic concepts of federal income taxation and tax administration with emphasis on taxation of individuals and sole proprietorships. (Contact hours – 45)

ACC 132 / 1032 Tax Help Colorado  2 Credits
Examines the preparation of individual, federal, and state income tax returns within the guidelines and limitations set forth by the Tax Help Colorado program and IRS guidelines. Emphasis is placed on form preparation with the use of tax software. (Contact hours – 30)

ACC 135 / 1035 Spreadsheet Apps/Accounting 3 Credits
Introduces spreadsheets as an accounting tool in the application of fundamental accounting concepts, problem-solving, and decision-making skills.  (Contact hours – 45)
Prerequisite(s): None
Co-requisite(s): ACC 1001 or ACC 1021 and CIS 1018 or CIS 1055

ACC 138 / 1038 Payroll and Sales Tax  3 Credits
Introduces laws pertaining to payroll and sales taxes including record keeping rules; preparation of various federal, state and local forms for reporting payroll and sales taxes; and computerized payroll procedures.    

ACC 211 / 2011 Intermediate Accounting I 4 Credits
Focuses on comprehensive analysis of Generally Accepted Accounting Principles (GAAP), accounting theory, concepts, and financial reporting principles for public corporations. It is the first of a two-course sequence in financial accounting and is designed primarily for accounting and finance majors. Focus is on the preparation and analysis of business information relevant and useful to external users of financial reports. Explores the theories, principles and practices surveyed in Accounting Principles, and critically examines `real-world` financial analysis and reporting issues. (Contact hours – 60)
Prerequisite: ACC 1012 or ACC 122 / ACC 1022

ACC 212 / 2012 Intermediate Accounting II 4 Credits
Focuses on the theoretical and practical aspects of accounting for long-term liabilities, stockholders` equity, investments, pensions and leases. Includes income tax allocation, financial statement analysis, cash flow statements, and accounting methods changes.

ACC 226 / 2026 Cost Accounting 3 Credits
Course covers cost accumulation methods and reports including job order, process, standards, and activity-based cost systems associated with budgeting, planning, and control of costs. (Contact hours – 45)
Prerequisite(s): ACC 1012  or ACC 122 / ACC 1022

ACC 231 / 2031 Business Taxation  3 Credits
Introduces student to taxation of business entities and transactions. Topics include taxation of property transactions, various tax issues that apply to different tax entities, tax administration and practice, and the taxation effects of formation, operation, and dissolution of corporations, partnerships, S corporations, trusts and estates.

ACC 235 / 2035 Computerized Accounting: Small 3 Credits
Introduces an electronic accounting application for use in a small business. This course will focus on installing and launching the application, converting a manual accounting system to an electronic system, recording daily transactions, and summarizing records in reports for a complete financial picture.

ACC 245 / 2045 Computerized Accounting Professional Package 3 Credits
Integrates accounting principles and practices with a computerized accounting package such as Peachtree, DacEasy, or other professional package. Emphasizes computerized functions of the general ledger and integrated accounts payable, accounts receivable, invoicing and payroll systems.

ACC 289 / 2089 Capstone 0-12 Credits
Provides a demonstrated culmination of learning within a given program of study..

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