MWCC College Catalog — Accounting

ACC101 PRINCIPLES OF ACCOUNTING I

3 credits
This course covers the basic accounting principles necessary for an intelligent understanding of the books and records used in business: debits and credits; opening and closing books; classification and analysis of accounts; controlling accounts; trial balance; working papers; and the preparation of financial statements. Prerequisites: MAT092, RDG100, or placement. Fall and spring.

ACC102 PRINCIPLES OF ACCOUNTING II

3 credits
TThis course is a continuation of ACC101 Principles of Accounting I and covers partnerships, the nature and formation of corporations, capital stock, corporation earnings, dividends, investments, and long-term obligations. Topics also considered are manufacturing operations related to control accounting procedures and statement of changes in financial position.
Prerequisite: ACC101. Fall and spring.

ACC224 TAXATION

3 credits
This course includes income tax laws and their application to individuals, partnerships, fiduciaries, and corporations. Practical problems covering concrete situations illustrate the meaning of the laws. Primary emphasis is placed on individual tax preparation. Prerequisite: ACC101.

ACC226 MANAGERIAL ACCOUNTING

3 credits
This course is a continuation of ACC101 Principles of Accounting I and ACC102 Principles of Accounting II with major emphasis on the development and application of accounting data for planning and control. Prerequisite: ACC102 or permission of the instructor. Fall.

ACC227 COMPUTERIZED ACCOUNTING

3 credits
The accounting cycle for a business, payroll, and bank statement reconciliation are entirely computerized into one coordinated, interactive system. Other problems may be introduced as appropriate. Prerequisites: CIS127. Fall and spring.