2010-11 Course Catalog - Century College

Course TransferabilityStudents are responsible for knowingwhether courses for which they registerwill transfer to a specific school asa required course, as an elective, ornot at all. To obtain this information,students should check with the collegeof their choice and with a Centurycounselor.AccountingIntroduction to AccountingACCT 1010 3 CreditsThis course introduces the practice ofaccounting. Topics include transactionanalysis, double-entry accounting, cash, pettycash, purchases/payables, sales/receivables,and specialized journals. Year-end proceduresand financial statement preparation for serviceand merchandise companies, payroll, inventoryvaluation, and corporate structure and equityaccounting are also covered.Payroll ProceduresACCT 1020 3 CreditsThis course covers the numerous lawspertaining to employment practice andcompensation as well as computationsand payment of salaries and wages andrelated taxes. Topics include employmentrecordkeeping requirements, preparationof the payroll register, individual earningsrecords, tax reports, and other forms requiredby government agencies. Theaccounting procedures necessary to properlyprepare accounting transactions are alsocovered.Prerequisite: ACCT 1010, or ACCT 2020 orconcurrent enrollment. Recommendation:Assessment score placement in MATH 0030or above or completion of MATH 0010 with agrade of “C” or higher.Computerized Accounting ApplicationsACCT 1030 3 CreditsThis course is a comprehensive overviewof QuickBooks Pro software for business.Students will perform multiple accountingtransactions and run reports using QuickBooks.These include recording checks/deposits,preparing bank reconciliations, recordingsales/receivables, recording purchases/accounts payables, accounting for inventory,recording payroll transactions, recordingfixed asset transactions and financialstatement preparation. Students will also gainexperience writing accounting proceduresrelated to QuickBooks. This course isrelevant to prospective students interested inincreasing their knowledge of QuickBooks fortheir business or current accounting position.Prerequisite: ACCT 1010, or ACCT 2020 witha grade of “C” or higher. Recommendation:Computer skills are essential.Federal Income TaxationACCT 1040 3 CreditsThis course is a study of taxation policy andthe application of that policy to the preparationof federal income tax returns. Topics includetaxable income, deductions, exemptions, andtax credits. This course also includes the useof a computer software package.Recommendation: ACCT 1010 or ACCT 2020and computer skills.Financial AccountingACCT 2020 3 CreditsThis course includes the study offinancial accounting concepts through themeasurement, communication, and analysis ofeconomic events for the benefit of investors,creditors, and other external users of financialaccounting information. Emphasis is onthe preparation and analysis of financialstatements in a corporate annual report.Prerequisite: Assessment score placement inMATH 0070 or above or completion of MATH0030 with a grade of “C” or higher.Managerial AccountingACCT 2025 3 CreditsThis course introduces the foundations ofmanagerial accounting. The emphasis is onmanagement’s use of accounting informationfor planning, controlling, and decision making.Topics covered include cost behavior, anoverview of job order and process costing,cost volume profit analysis, budgeting, costanalysis, and capital budgeting decisions.Prerequisite: ACCT 2020 or equivalent.Recommendation: Experience in the use ofExcel.7 Course DescriptionsCourse IdentificationPrefixes and NumbersCourses at Century College are identifiedby discipline prefix (ART, ENGL, etc) andnumber. Courses numbered 1000 to 1999are designed as foundations for futurelearning. Courses numbered 2000-2999require higher level skills in thinkingand are often based on foundationcourses. Career course numbers do notnecessarily follow the above system.Courses numbered below 1000 do notmeet the requirements of “college level”as specified for each of the severaldegrees offered by Century.Prerequisite, Restriction,RecommendationCourse prerequisites, restrictions, andrecommendations are listed immediatelyfollowing the course descriptions.A prerequisite is a body of knowledgeor level of competence a student shouldhave achieved to ensure readiness fora course. In special circumstances, aprerequisite may be waived by approvalof the appropriate department. Studentsare not permitted to register for coursesfor which prerequisites have not beenmet. A prerequisite is met by earningcredit in a course. Some courses mayhave specific grade requirements.See course description for graderequirements.A restriction indicates a conditionwhich may prevent a student fromearning credit in a particular course.Exceptions to a restriction may begranted by the instructor.A recommendation indicates acondition which is desirable but notnecessary. They usually are used toindicate when prior learning experiencemakes success in the course moreattainable.651.779.3300 105