Academic Calendar 2011-2012 - Chesapeake College

aCCOUNTING • aGrIBUSINESSACCOUNTINGACC 003 Principles of Accounting I (Bridge)Desgned for those students who have completed the begnnngPrncples of Accountng I course competences n hgh school.Topcs nclude accountng for nventores and other current assets,plant assets, current and long-term labltes, and tme value ofmoney concepts. Successful completon wll allow the student toartculate credt toward ACC 103. Two hours lecture per week.[AS NEEDED]0 creditPREREQUISITE: Successful completon of begnnng ACC 103course competences n hgh school.ACC 103 Principles of Accounting IAn ntroductory course coverng the prncples, practces, andtechnques of accountng. Specal emphass wll be placed onanalysis and recording of financial transactions and preparationof financial statements. Three hours lecture per week.[FALL/SPRING]3 creditsACC 104 Principles of Accounting IIAn ntroductory course coverng the prncples of accountng forcorporations and cash flows. Financial statement analysis andmanageral accountng wll also be emphaszed. Three hours lectureper week.[FALL/SPRING]3 creditsPREREQUISITE: ACC 103.ACC 105 Personal Income TaxAn analyss of federal taxaton. Topcs wll nclude federal taxatonas t relates to ndvduals, partnershps, and corporatons,and the use of federal and state forms. Three hours lecture perweek.[FALL]3 creditsACC 106 Corporate TaxAn advanced study of federal taxes. Emphass wll be placed onfederal taxes nvolvng corporatons, and state and local taxes.Three hours lecture per week.[SPRING]3 creditsPREREQUISITE: ACC 103, ACC 105.ACC 110 Computerized AccountingAn ntroductory course coverng the use of commercal account-ng software. Students wll use a hands-on approach to carry outaccountng functons on a computer. Topcs wll nclude sales,recevables, purchases, payables and payroll. Three hours lectureper week.[SPRING]3 creditsACC 203 Intermediate Accounting IAn in-depth study of the nature and values of a firm’s cash andtemporary nvestments, recevables, nventores, long-term nvestments,tangible fixed assets, and intangible assets. Emphasisis given to the measurement of financial income in accordancewth generally accepted accountng prncples. Three hours lectureper week.[FALL]3 creditsPREREQUISITE: ACC 104.ACC 204 Intermediate Accounting IIAn n-depth study of the specal accountng problems of corporateorganzatons. Areas such as stockholder’s equty and longtermdebt sectons of the balance sheet wll be emphaszed. Othertopics include funds flow, income tax allocation, consignments,installment sales, and financial statement analysis. Three hourslecture per week.[SPRING]3 creditsPREREQUISITE: ACC 203.ACC 205 Cost AccountingA study of cost accountng. Topcs nclude cost accountng fundamentals,budgets and standards, cost allocaton, and cost systems.Three hours lecture per week.[FALL]3 creditsPREREQUISITE: ACC 104.ACC 206 AuditingA study of the audt functon. Topcs nclude plannng the audt,audtor consderaton of nternal controls, substantve testng, reportngand audt samplng. Emphass s also placed on professonalethcs and audtor legal lablty. Three hours lecture perweek.[SPRING]3 creditsPREREQUISITE: ACC 104.ACC 212 Governmental and Not-For-Profit AccountingAn introduction to governmental and not-for-profit accounting.Topics include financial reporting, principles of accountingfor state and local governments, budgetary accountng, captalproject funds, debt service funds, and fiduciary activities. Threehours lecture per week.[AS NEEDED]3 creditsPREREQUISITE: ACC 104.AGRIBUSINESSAGR 213 Introduction to Agricultural EconomicsThs ntroducton to economc concepts related to agrculture ncludesdefinition and scope of agricultural economics; businessorganizations in the food and fiber system; factors of productonand ther characterstcs; locaton of agrcultural producton;market equlbrum analyss, and the role of prce elastctes ofdemand and supply. Three hours lecture.[FALL]3 creditsAGR 223 Introduction to AgribusinessAn introduction to agribusiness. The course includes definitionand scope of agribusiness, characteristics of agribusiness firms,trends of ther expanson/declne are examned, and career opportuntesn agrbusness. Three hours lecture.[SPRING]3 creditsPREREQUISITE: AGR 213.166