AC2331/2332 Federal and State Income Tax I, II
4 credits/term (4 lec hrs/wk) Students determine and report federal and state personal income taxes. Designed to assist established or potential income tax preparers. Approved by Oregon Department of Commerce for hours of instruction required to take preparers' and consultants' exam.
AC2764 Small Business Accounting
4 credits (4 lec hr/wk) This course covers the most important aspects of small business accounting, as well as ways to develop the skills and capabilities that current and future employers need. Students will set up a typical accounting system for a small business, enter data, track cash and liabilities, and prepare financial statements. This is an introductory course intended for students with no prior accounting experience. Prerequisite: MTH94 or higher with a 'C' or better.
AC2766 Accounting I
4 credits (3 lec, 2 lab hr/wk) This course prepares a record-keeper for employment and gives the accounting student the basic understanding of the accounting field. It provides an introduction to the accounting cycle for a service enterprise. The course covers mass processing of transactions using special journals. Computerized accounting software and spreadsheets are used in this course.
AC2767 Accounting II
4 credits (3 lec, 2 lab hr/wk) Accounting II continues the concepts of Accounting I and introduces accounting for a retail firm, trade accounts and notes, inventories, the treatment of long-term assets and depreciation, corporations and partnerships, liabilities and investments, and payroll accounting. Computerized accounting software and spreadsheets are used in this course. Topics in accounts receivable and payable management are included. Prerequisite: AC2766 or equivalent with a 'C' or better.
AC2772 Intermediate Accounting I
3 credits (3 lec hrs/wk) This course offers a comprehensive study of accounting theory and concepts. Emphasis is on how these concepts apply to financial accounting. Attention will also be focused on use of accounting information for management purposes. Prerequisite: BA213 with a 'C' or better.
AC2773 Intermediate Accounting II
3 credits (3 lec hr/wk) This course covers accounting concepts, theories, and practices involving particular areas of the balance sheet, as well as reporting of income and changes in financial position. Prerequisite: AC2772 with a 'C' or better.