Course Descriptions - Ivy Tech Community College of …

1 Course Descriptions 08/18. ACCT 090 Introduction to Accounting 3 Credits Prerequisites: None. Introduces the basic principles of accounting as utilized in a variety of office settings. Includes the principles of debit and credit, double-entry bookkeeping, use of journals, and analyzing transactions. Uses of ledgers, posting procedures, petty cash, banking procedures, payroll, depreciation, work sheets, balance sheets, and income statements are covered as well. ACCT 101 Financial Accounting TransferIN 3 Credits Prerequisites: Demonstrated competency through appropriate assessment or earning a grade of C or better in ENGL 093 and ENGL 083, or ENGL 095, and MATH 023 or higher. Introduces the fundamental principles, techniques, and tools of financial accounting. The development and use of the basic financial statements pertaining to corporations both service and retail. ACCT 102 Managerial Accounting TransferIN 3 Credits Prerequisites: ACCT 101. Emphasizes managerial accounting concepts, general versus cost accounting systems, cost behavior, cost-volume profit analysis, standard cost systems, responsibility accounting, incremental analysis, and capital investment analysis.

2 ACCT 106 Payroll Accounting 3 Credits Prerequisites: Demonstrated competency through appropriate assessment or earning a grade of C or better in ENGL 093 and ENGL 083, or ENGL. 095 and MATH 023 or higher. Covers payroll calculating and reporting including various federal and state withholding taxes, employer payroll taxes, typical insurance and other arrangements affecting the preparation of payroll registers and employee earning records. ACCT 118 Financial Concepts for Accounting 3 Credits Prerequisites: None. Surveys the applications of mathematics to various business and accounting activities. Includes a review of basic mathematical operations and their subsequent application to such commercial activities as payroll, consumer finance, business borrowing, inventory control, pricing, depreciation, and time value of money. ACCT 122 Accounting Systems Applications 3 Credits Prerequisites: ACCT 101. Solves accounting problems using software similar to what is currently used in business.

3 Includes installation, operation, and analysis of an accounting software package or packages. Includes installation and operation of Quickbooks. ACCT 201 Intermediate Accounting I 3 Credits Prerequisites: ACCT 101. Studies accounting principles and applications at an intermediate level pertaining to the income statement and balance sheet, cash and cash equivalents, receivables, inventories, plant assets and intangible assets, current and contingent liabilities, corrections of errors, and statement of cash flows. Included are analysis of bad debts, inventory valuation, repairs and maintenance, depreciation of plant assets and present value applications. ACCT 202 Intermediate Accounting II 3 Credits Prerequisites: ACCT 201. Continues studies of Intermediate Accounting I and includes long-term investments, long-term debt, stockholders'. equity, special accounting problems and analysis, and financial statement analysis. Also included are corporate capital and treasury stock transactions, dividends, earnings per share, accounting for income taxes, and creation of financial statements from incomplete records.

4 ACCT 203 Cost Accounting I 3 Credits Prerequisites: ACCT 102. Examines the manufacturing process in relation to accumulation of specific costs of manufactured products. Studies various cost accounting report forms, material, labor control, and allocation of manufacturing costs to jobs and departments. ACCT 204 Cost Accounting II 3 Credits Prerequisites: ACCT 203. Studies the master or comprehensive budget, flexible budgeting and capital budgeting. Emphasizes tools for decision- making and analysis. Introduces human resource accounting. ACCT 205 Income Tax 3 Credits Prerequisites: Demonstrated competency through appropriate assessment or earning a grade of C or better in ENGL 093 and ENGL 083, or ENGL 095, and MATH 023 or higher. Offers an overview of federal and state income tax law for individuals including taxable income, capital gains and losses, adjustments, standard and itemized deductions, tax credits and appropriate tax forms. Introduces tax concepts needed by a sole proprietorship.

5 ACCT 207 Accounting for Government and Nonprofit Entities 3 Credits Prerequisites: ACCT 101. Emphasizes the similarities and differences between government, nonprofit and commercial accounting methods and procedures. Exposes students to the basic fund accounting cycle for the general fund and other special funds. ACCT 208 Advanced Income Tax 3 Credits Prerequisites: ACCT 101 and ACCT 105. Studies procedures and problems pertaining to federal and state income tax laws for partnerships and corporations. Includes a review and in-depth study of concepts related to proprietorships covered in Income Tax. ACCT 209 Auditing 3 Credits Prerequisites: ACCT 201. Covers public accounting organization and operation including internal control, internal and external auditing, verification and testing of the balance sheet and operating accounts, and the auditor's report of opinion of the financial statements. ACCT 210 Forensic Accounting 3 Credits Prerequisites: ACCT 101. Introduces the fundamental principles, techniques, and tools of forensic accounting.

6 The development and use of proactive and reactive fraud auditing including audit committee and liability-related issues: investigative decision making for prevention, detection, investigation, and reporting of fraud. ACCT 223 Enrolled Agent Review 3 Credits Prerequisites: ACCT 208. Corequisites: ACCT 208. This Course is a preparation Course for the enrolled agent examination. The Course will include identifying the requirements, practices, procedures and liabilities of an enrolled agent. Additionally, a review of accounting ethics, individual taxation, business taxation, representation of the client will be presented in the Course . ACCT 225 Integrated Accounting Systems 3 Credits Prerequisites: ACCT 101. Uses integrated accounting software package, Sage 50 (formerly known as Peachtree), to illustrate computerized accounting practices. The general ledger will be integrated with accounts receivable, accounts payable, and other accounting modules. ACCT 273 Volunteer Income Tax Assistance (VITA) Service 3 Credits Prerequisites: Successful completion of ACCT 105 and IRS VITA Certifications at both Basic and Advanced Levels.

7 This volunteer program prepares students to process both federal and state income tax returns for eligible citizens. Students will complete an IRS-developed VITA. training program for two levels of service Basic and Advanced. This level of training will permit the volunteer to prepare most individual tax returns. Student volunteers will be required to successfully pass the IRS VITA Certification Tests for two levels of tax preparation service. Once certified, student volunteers will conduct interviews with VITA clients, prepare both the federal and state tax returns using IRS eFile software, and undergo a Quality Review Process to ensure accurate and acceptable tax returns for electronic filing in addition to providing tax information and tax law to VITA clients. ACCT 279 Capstone Course 2 Credits Prerequisites: ACCT 102 and BUSN 101 and ENGL 111 and OFAD 218. Corequisite: ACCT 102. Prepare the student for entry into the accounting field. Reviews procedures for interviewing, resume writing, job search techniques, team participation, ethics, and productive job performance.

8 Provides for taking outcomes assessments. ACCT 280 Co-op/Internship 3 Credits Prerequisites: Program Chair Approval. Provides students with the opportunity to work at a job site that is specifically related to their career objectives. Provides on-the-job experience while earning credit toward an associate degree. ACCT 281-294 Special Topics 1-3 Credits Prerequisites: Program Advisor Approval. Discusses topics of current interest in accounting. Identifies and offers various special topics during each term under this Course number. ADMF 101 Key Principles of Advanced Manufacturing (MSSC) 3 Credits Prerequisites/Corequisites: Demonstrated competency through appropriate assessment or earning a grade of C or better in FOUN 071. Introduces the basic principles and practices of Safety and Quality used in manufacturing environments. Safety instruction covers topics including; Material Safety Data Sheets (MSDS), confined space, lock out/tag out, zero energy state, hazardous materials, storage of flammable materials, storage of fuel gas and high pressure gas cylinders, portable powered tool safety, hand tool safety, record keeping, training, employer enforcement of safety regulations, and right to know.

9 This Course also covers current quality control concepts and techniques in industry with emphasis on modern manufacturing requirements. Topics of instruction include basic statistical and probability theory, sampling techniques, process control charts, nature of variation, histograms, attributes and variable charts. This Course will use lecture, lab, online simulation and programming to prepare students for Certified Production Technician Testing through Manufacturing Skill Standards Council (MSSC). In addition, this Course will also include an online OSHA 10 hour certification program in which successful completion results in students earning their OSHA 10 hour General Industry certification. ADMF 102 Technology in Advanced Manufacturing (MSSC) 3 Credits Prerequisites/Corequisites: ADMF 101. Introduces manufacturing processes and basic mechanical, electrical, and fluid power principles and practices used in manufacturing environments. Topics include; types of production, production materials, machining and tooling, manufacturing planning, production control, and product distribution will be covered.

10 Students will be expected to understand the product life cycle from conception through distribution. This Course also focuses on technologies used in production processes. Basic power systems, energy transfer systems, machine operation and control will be explored. This Course will use lecture, lab, online simulation and programming to prepare students for Certified Production Technician Testing through Manufacturing Skill Standards Council (MSSC). ADMF 106 Supervision and Teams at Work 3 Credits Prerequisite: None. Introduces basic employee development with emphasis on the responsibilities of a newly-appointed supervisor. Emphasizes organizational structure, motivation, delegation of authority, interviews, orientation and induction of new employees, employee performance evaluations, and dealing with employee conflict. ADMF 109 Green Manufacturing Operations 3 Credits Prerequisites: Demonstrated competency through appropriate assessment or earning a grade of C or better in ENGL 093 and ENGL 083 or ENGL 095 or FOUN 071.