Accounting Program Courses
Volunteer State Community College | Academic Business Division
ACT 115* Payroll and Small Business Accounting (3) This course teaches preparation of payroll and small business accounting records Topics include payroll tax law, payroll systems, sales tax, state and local business taxes, and analysis of small business accounting records. The use of the microcomputer in preparation and analysis of payroll records is included. PREREQUISITE: ACT 201
ACT 201 Principles of Accounting I (3) Covers the basic principles and procedures from the management viewpoint. Determination of net income, values of assets, notes and interest, plant depreciation, voucher systems, payroll systems, the theory of internal control, and partnership organizations and operation. (Same as RODP ACC 1104)
ACT 202 Principles of Accounting II (3) Continues with corporation capital accounts, bonds and investments, basic concepts of cost and managerial accounting, funds statements, and financial analysis. PREREQUISITE: ACT 201 with a C or better.(Same as RODP ACC 1105.)
ACT 205* Income Tax (3) This course provides the student with a comprehensive explanation of the federal tax structure and training in the application of tax principles as they apply to individual tax returns and supportive schedules. It also furthers the student’s understanding and knowledge of the federal tax structure as it applies to sole proprietorship and partnership.
ACT 210* Microcomputer Accounting (3) This course demonstrates basic accounting procedures using computerized accounting software. Students will use MS-Windows PC's to create company files; maintain journals and ledgers; manage accounts receivable, accounts payable, inventory, payroll and fixed assets; and create accounting reports. Prerequisites: ACT 201 with a grade of C or better; CIS 100.
ACT 211* Accounting for Government and Not-for-Profit Organizations (3) This course examines the proper accounting procedures and practices for government organizations and not-for-profit entities. Emphasis will be placed on the GASB (Government Accounting Standards Board) principles for state and municipal governments. PRE-REQUISITE: Act 201.
ACT 215* Managerial Cost Accounting (3) This course provides an analysis of cost data for external reporting and internal planning and control. Topics include product costing, budgeting, performance evaluation, and decision making. PREREQUISITE: ACT 202 with a C or better.
ACT 221* Intermediate Accounting I (3) This course covers accounting theory, preparation of basic financial statements, future and present value concepts, receivables, inventory valuation, acquisition, disposal and depreciation of plant assets, intangible assets. PREREQUISITE: ACT 202 with a C or better.
ACT 276T* Selected Topics in Accounting (1-4) Specialized accounting topics such as Intermediate Accounting II or Corporate Taxation are studied in depth. Fifteen classroom contact hours with faculty required per credit hour. May be repeated for credit with a maximum of four hours to apply toward graduation. PREREQUISITE: Permission of the program coordinator.
