2004-2005 COLLEGE CATALOG - Luzerne County Community ...

ACCOUNTING
ACC 104-Financial Accounting for the
Hospitality Industry 3 Lect., 3 Sem.-Hrs.
Financial Accounting for the Hospitality Industry is designed to provide students
with a proper merging of basic accounting theory and practice and is tailored
to the special needs of the hospitality service industries. This course focuses on
techniques, tools and procedures that are most applicable to the unique characteristics
of hospitality firms such as hotels, restaurants and tourism and travel.
ACC 111-Principles of Accounting I 3 Lect., 3 Sem.-Hrs.
The principles of accounting with emphasis on their relationship to the single
proprietorship; specific topics for study include journal entries, posting, trial
balance, adjustments, work sheets, closing entries, statements, discounts, special
journals and ledgers, controlling accounting, evaluation of assets, petty cash
and voucher system.
ACC 112-Principles of Accounting II 3 Lect., 3 Sem.-Hrs.
The principles of accounting are continued from ACC I with the major emphasis
on accounting as related to corporations, manufacturing concerns, and partnerships.
Topics include manufacturing systems and controls, bonds, corporations,
and the Statement of Changes in Financial Position.
Prerequisite: ACC 111.
ACC 121-Applications in Microcomputer Accounting 3 Sem.-Hrs.
Applications in microcomputer accounting with emphasis on their relationship
to single proprietorships and corporations; specific topics for study include general
ledger, control accounts, statement preparation, payroll, inventories, present
value, and audit trials.
Prerequisites: ACC 111, 112; CIS 110.
Preference will be given to accounting majors.
ACC 211-Intermediate Accounting I 4 Lect., 4 Sem.-Hrs.
Presents the conceptual framework of accounting, accounting environment and
information processing systems, financial statements and the accounting standards
regarding present and future value concepts. Emphasis on the practical perspective
of balance sheet content, such as cash, receivables, investments, inventories,
operational assets and liabilities, is also provided. (Fall only)
Prerequisites: ACC 112, MAT 121, BUS 107.
ACC 212-Intermediate Accounting II 4 Lect., 4 Sem.-Hrs.
Presents accounting standards for income recognition, long-term debts by borrower
and lender, formation of corporations and stockholders equity, retained
earnings, consolidated financial statements, pension plans, leases, earnings per
share, income taxes, statement of cash flows, accounting changes and error corrections.
Use of Lotus 1-2-3 to solve computer problems is required. (Spring only)
Prerequisite: ACC 211.
ACC 213-Managerial Accounting 3 Lect., 3 Sem.-Hrs.
Emphasis is on the use of accounting data internally by managers. The practical
application of cost accounting, budget planning, accounting controls are stressed.
(Spring only)
Prerequisites: ACC 111 and 112.
ACC 214-Tax Accounting 3 Lect., 3 Sem.-Hrs.
An analysis of the principles of Federal Taxation with emphasis of filing individual
returns. Topics include gross income, deductions for and from adjusted gross
income, capital gains and losses, depreciations, and related topics. (Fall only)
Prerequisite: ACC 111.
216