Accounting teaches students accounting theory and practice including books of original entry, the general ledger, financial statements, and the accounting cycle. This curriculum is followed by accounting for plant assets, partnerships, corporations, cost systems, cash flow analysis, and differential cost and performance evaluations. The cost accounting course examines accounting for materials, labor, overhead, standard costs, process costs, and cost analysis for decision making. The intermediate accounting course reviews the financial accounting standards, accounting information processing systems, and the resulting financial statements. Selected topics related to present value applications, asset recognition, and asset bases of measurement are introduced. Payroll and business tax accounting focus on basic payroll procedures used in business today. Students learn recording procedures and tax return preparations. The tax accounting courses cover Federal taxation for individuals, proprietorships, partnerships, corporations, estates and trusts. Areas of coverage include income and gift taxation, tax compliance and procedures, and preparation for the Enrolled Agent Exam. Two modules in computerized accounting practice are offered for students who have completed one quarter of accounting or who have had accounting experience. These practice modules review designing service and merchandising accounting systems, journal and general ledger work, and financial statements. One module includes analysis and solving of accounting problems using spreadsheet software.

• Students will be able to explain accounting terminology, concepts, principles, and frameworks. • Students will be able to perform accounting-related calculations and demonstrate the ability to use methods and /or procedures to solve accounting problems.