County College of Morris
Accounting (ACC)
Courses
ACC-110. Elements of Accounting. 3 Credits.
LECT 3 hrs., LAB 1 hr.
For career option students or transfer students, register by
advisement only. This is an introductory accounting course that
focuses on accounting for small businesses. Emphasis is placed
on recordkeeping from basic journalizing to year-end closing and
financial statement preparation. Additionally, the course covers
payroll and taxation issues related to small business operations.
Prerequisites: MAT-014 or MAT-050 or equivalent
Corequisites: MAT-014 or MAT-050 or equivalent
Additional Fees: Course fee applies.
ACC-111. Principles of Accounting I - Financial Accounting. 3
Credits.
LECT 3 hrs., LAB 1 hr.
Financial accounting is a service activity that functions to collect and
communicate useful financial information about economic entities.
The course covers processing accounting information assets and
liabilities, accounting theory for proprietorships, corporations and
financial statement analysis.
Prerequisites: MAT-016 or equivalent
Additional Fees: Course fee applies.
ACC-112. Principles of Accounting II - Managerial Accounting. 3
Credits.
LECT 3 hrs., LAB 1 hr.
A segment of accounting that deals specifically with how accounting
data and other financial information can be used in the management
of business, governmental or not-for-profit entities. The course
is specifically designed to assist internal management and deals
with cost-volume-profit analysis, cost systems, budgeting and
performance evaluation for goal congruence and statement analysis
designed for future managers.
Prerequisites: ACC-111
Additional Fees: Course fee applies.
ACC-211. Intermediate Accounting I. 3 Credits.
LECT 3 hrs.
A study of the complex aspect of financial accounting and reporting
for persons outside the firm. Expanded treatment of generally
accepted accounting principles (GAAP) underlying the preparation
of financial statements and of cash and temperary investments,
receivables, present value concepts, cash flow valuations of assets
and inventories, methods of estimating the inventory depreciation
and depletion.
Prerequisites: ACC-112.
ACC-212. Intermediate Accounting II. 3 Credits.
LECT 3 hrs.
The complex aspects of a study of financial accounting and
reporting for persons outside the firm. Expanded treatment of
generally accepted accounting principles (GAAP) as they relate
to long-term investments, liabilities (both current and long-term),
leases, pensions, income taxes, earnings per share, financial
statement analysis and other miscellaneous topics.
Prerequisites: ACC-211.
1
ACC-213. Tax Procedures. 3 Credits.
LECT 3 hrs.
A study of the Internal Revenue Code and application of accounting
principles for preparation of individual income tax returns. Limited
business application.
Prerequisites: ACC-111.
ACC-215. Cost Accounting. 3 Credits.
LECT 3 hrs.
The basic procedures and techniques of accounting for the
production and distribution of goods and services in today's
economy. Process and job-order methods, standards and standard
costs, techniques of cost analysis and control.
Prerequisites: ACC-112.
ACC-230. Principles of Auditing. 3 Credits.
LECT 3 hrs.
The course integrates the most important concepts of auditing
as well as certain practical aspects in a logical manner to assist
students in understanding audit decision making and evidence
accumulation. Coverage includes, but is not limited to, concepts
of evidence accumulation; analytical procedures as audit tools;
probability and risk and their effect on the audit; application of the
auditing process to the sales and collection cycle and other cycles;
audit reports and requirements for completion of the audit cycle.
Prerequisites: ACC-212.
ACC-231. Government and Not-For-Profit Accounting. 3
Credits.
LECT 3 hrs.
This course invloves financial analysis and reporting for government
and not-for-profit organizations, including concepts, standards, and
procedures designed to accommodate the uniqueness of the notfor-profit environment. The course deals specifically with financial
accounting and reporting aspects applicable to state and local
governments and other special districts and public authorities; and
the federal government agencies, universities and hospitals.
Prerequisites: ACC-212.
ACC-291. Special Topics in Accounting. 3 Credits.
LECT 3 hrs.
This course offers students an opportunity to explore special topics
or issues in Accounting. Topics may differ each time the course is
offered and may include areas of negotiation or conflict resolution.
ACC-292. Special Topics in Accounting. 3 Credits.
LECT 3 hrs.
An examination of selected topics or issues in accounting. Topics
may differ each time the course is offered. Students should consult
the department chairperson for further information.