Accounting

Cara Hurd, MACC, Coordinator
Phone: (419) 995-8323
Email: hurd .c@rhodesstate.edu
Office: SCI 260N

The objective of the Business Program is to provide quality, up-to-date education for individuals who desire to enter into or advance careers in fields related to accounting, business administration, human resource, supply chain, digital marketing, and digital media. All business majors are built on a blend of courses that stimulate critical thinking. Degrees and certificates within the Business Program are designed to prepare students for challenging and rewarding positions in business, industry, education, government, health care, and public service. Certificates provide an opportunity to secure expertise in special areas of concentration, and students may use most coursework to pursue associate-level degrees.

The Accounting, Business Administration, and Human Resource degrees are all accredited by the Accreditation Council for Business Schools and Programs (ACBSP).

The Accounting Major is designed to prepare students for gainful employment in business and industrial accounting positions in three main areas: private organizations, governmental agencies, and public accounting firms. The aim of the program is to educate the students in the design, maintenance, and utilization of a financial system. The curriculum emphasizes accounting systems and the analysis of financial data from the managerial point of view. Additionally, students learn to use using popular accounting and tax software. This degree complies with the educational requirements leading to the Certified Public Accountant Certification. Additional information regarding the CPA exam may be obtained from the program chair.

This degree can be earned fully online.

Program Learning Outcomes

Upon completion, the student will be able to:

Interpret, analyze, and present reliable and relevant information to financial statement users based upon generally accepted accounting principles both manually and electronically.
Demonstrate an understanding of federal tax laws and their application to both individuals and business entities.
Demonstrate an understanding of the basic concepts of managerial and cost accounting and their roles in business and decision making.
Develop the ability to be a problem solver utilizing critical thinking skills as they apply to their chosen profession.
Prepare written and oral communication in professional formats.
Utilize software programs commonly used in the accounting profession to provide practice for real-world accounting application.
Apply ethical and professional behavior while working as an individual and as part of a team.

Technical Standards
See here for details.

Tech Prep Partner
See here for details.

Accounting Major

(Available Fully On-line)

Associate of Applied Business Degree

Structured Course Sequence (4 Semester Plan)

First Year
First Semester		Hours
ACC 1010	Corporate Accounting Principles	4
AOT 2640	Spreadsheet Software and Applications	3
COM 1110	English Composition	3
MTH 1151 or MTH 1260 or MTH 1370	Quantitative Reasoning ¹ or Statistics or College Algebra	3
SDE 1010	First Year Experience	1
SOC 1010 or PSY 1010	Sociology or General Psychology	3
	Term Hours	17
Second Semester
ACC 1020	Managerial Accounting Principles	4
ACC 1050	Accounting Software (QuickBooks)	2
ACC 1121	Payroll Accounting	2
ACC 2251	Federal Income Tax	4
BUS 1000	Power Skills for Business Professionals	1
HST 1620	American History Since 1877	3
	Term Hours	16
Second Year
First Semester
ACC 2010	Intermediate Accounting I	4
ACC 2111	Cost Accounting	4
COM 2110 or COM 2213	Public Speaking or Verbal Judo	3
ECN 1430 or ECN 1410	Microeconomics or Macroeconomics	3
	Term Hours	14
Second Semester
ACC 2020	Intermediate Accounting II	4
ACC 2300	Auditing	4
ACC 2401 	Applications in Accounting	2
BUS 2100	Business Law	3
BUS 2901	Field Experience (Internship)	1
MGT 2010 or MKT 1010 or COM 1160 or PGM 2000 or MGT 2050	Organizational Behavior or Principles of Marketing or Business Communications or Project Management Principles or Small Business and the Entrepreneur	3
	Term Hours	17
	Total Hours	64

¹	If planning to transfer take MTH 1260.

Prerequisites:
Students should check course prerequisites before registering. Prerequisites are listed in the Course Tab.

ACC 1010 — Corporate Accounting Principles

Credit Hours: 4.00 Total Contact Hours: 4.00 Lecture Hours: 4.00

Introduces students to fundamental accounting principles for corporations. Students will learn to analyze business transactions and understand their impact on the accounting equation. Topics include the accounting cycle, from recording source documents to closing the books, and accounting for assets such as cash, receivables, inventories, and plant and intangible assets. The course also covers both short-term and long-term liabilities, including bonds, as well as corporate structure, focusing on the nature, types, and issuance of stock transactions.
Offered: Summer, Fall, Spring
Transfer: TAG.

ACC 1020 — Managerial Accounting Principles

Credit Hours: 4.00 Total Contact Hours: 4.00 Lecture Hours: 4.00

Introduces students to fundamental managerial accounting principles. Students will learn the basics of internal accounting processes, product cost determination, cost behavior analysis, profit reporting, budgeting, performance evaluation, differential analysis, and capital investment analysis.
Offered: Summer, Fall, Spring
Transfer: TAG
Prerequisites: ACC 1010.

ACC 1050 — Accounting Software (QuickBooks)

Credit Hours: 2.00 Total Contact Hours: 2.00 Lecture Hours: 2.00

Applies basic accounting principles to an integrated accounting software package. The package currently used is QuickBooks Online.
Offered: Fall, Spring
Prerequisites: ACC 1010.

ACC 1121 — Payroll Accounting

Credit Hours: 2.00 Total Contact Hours: 2.00 Lecture Hours: 2.00

Studies the various laws that relate to payroll including FLSA, FICA, Unemployment Compensation and federal, state and local withholding tax. Students will learn to calculate wages and withholdings as well as complete the appropriate federal and state forms. In addition, they will complete the necessary employer records and apply payroll accounting concepts to real-world scenarios.
Offered: Fall, Spring
Prerequisites: ACC 1010.

ACC 2010 — Intermediate Accounting I

Credit Hours: 4.00 Total Contact Hours: 4.00 Lecture Hours: 4.00

Focuses on financial reporting theory and its application at the intermediate level, specifically related to balance sheet valuation and income determination. The course also covers accounting applications for cash, temporary investments, receivables, and inventory.
Offered: Fall
Prerequisites: ACC 1010.

ACC 2020 — Intermediate Accounting II

Credit Hours: 4.00 Total Contact Hours: 4.00 Lecture Hours: 4.00

Follows ACC 2010 and focuses on financial reporting applications for noncurrent operating assets, long-term investments, current, contingent, and long-term liabilities, corporate equity, earnings per share, leases, pensions, and cash flow statements.
Offered: Spring
Prerequisites: ACC 2010.

ACC 2111 — Cost Accounting

Credit Hours: 4.00 Total Contact Hours: 4.00 Lecture Hours: 4.00

Covers the concepts, quantitative analysis, and detailed accounting procedures used by companies to determine material, labor, and overhead costs. It includes the use of job order, process, and blended cost systems, as well as the principles of budgeting for managerial planning. Topics include capital acquisition, development of standard costs, operating budgets, and responsibility accounting.
Offered: Fall
Prerequisites: ACC 1020.

ACC 2251 — Federal Income Tax

Credit Hours: 4.00 Total Contact Hours: 4.00 Lecture Hours: 4.00

Introduces the theory and practice of individual taxes using both workbook and tax software. This course focuses on applying the federal income tax code as it pertains to the determination of taxable income and the computation of tax liability for individuals and small businesses. Topics include filing requirements, payments, refunds, claims and tax planning techniques. Included is a discussion of the impact of income taxes upon society and an individual's tax decisions. Corporate and partnership taxation will be introduced.
Offered: Fall.

ACC 2300 — Auditing

Credit Hours: 4.00 Total Contact Hours: 4.00 Lecture Hours: 4.00

Provides a study of the planning, evidence gathering, internal control review, sampling, and application of procedures used to audit assets, liabilities, equity, and related income statement accounts of a profit-oriented enterprise. This course includes an evaluation of the audit profession including professional standards, ethics, and liability of CPAs. The reporting requirements for compilation and review services and a thorough study of the types of audit opinions will also be included.
Offered: Spring
Prerequisites: ACC 1010, ACC 1020, ACC 2010, COM 1110.

ACC 2401 — Applications in Accounting 

Credit Hours: 2.00 Total Contact Hours: 2.00 Lecture Hours: 2.00

Requires the students to integrate the knowledge gained, and skills developed, in prior course study. Course requirements include research, interpretation and application of both internal and external accounting policies.
Offered: Spring
Prerequisites: ACC 1010, ACC 1020, ACC 2010
Corequisites: ACC 2020.

Certificates

To be eligible for the following certificates, a student must have received a grade of “C” or better for each course required for the certificate and completed all required courses within four years of earning the certificate. Please contact the Coordinator of Business & Accounting (hurd.c@rhodesstate.edu) for certificate issuance information.

Prerequisites may be required for courses listed for each certificate. Please see the course descriptions for more details.

Accounting Clerk Certificate

The Accounting Clerk certificate provides students with the knowledge and skills needed for an entry-level accounting position. This certificate is geared for individuals who want to work as an accounting clerk, payroll processor, or accounts payable processor. The Accounting Clerk certificate curriculum focuses on accounting, payroll, and extensive technology skills.

First Year
First Semester		Hours
ACC 1010	Corporate Accounting Principles	4
AOT 2640	Spreadsheet Software and Applications	3
SDE 1010 or MKT 1610 or ECN 1430 or ECN 1410	First Year Experience or Customer Service or Microeconomics or Macroeconomics	1-3
	Term Hours	8-10
Second Semester
ACC 1020	Managerial Accounting Principles	4
ACC 1050	Accounting Software (QuickBooks)	2
ACC 1121	Payroll Accounting	2
	Term Hours	8
	Total Hours	16-18

CPA Exam Eligibility Certificate (Accounting Component)

The CPA (Certified Public Accountant) Exam Eligibility Certificate is intended for individuals who possess a bachelor’s, master’s, or doctoral degree in an area other than accounting and want to qualify under Ohio law to sit for the CPA exam. In order to be eligible to sit for the CPA examination in the state of Ohio, a candidate must have 120 semester credits including 30 semester accounting credits and 24 semester business credits. This Certificate meets the accounting credit requirements under Ohio law to sit for the CPA exam. Individuals can work directly with the Program Coordinator on a specialized plan of study if they also need the 24 Business Credits.

First Year
First Semester		Hours
ACC 1010	Corporate Accounting Principles	4
	Term Hours	4
Second Semester
ACC 1020	Managerial Accounting Principles	4
ACC 1050 or ACC 1121	Accounting Software (QuickBooks) or Payroll Accounting	2
ACC 2251	Federal Income Tax	4
	Term Hours	10
Second Year
First Semester
ACC 2010	Intermediate Accounting I	4
ACC 2111	Cost Accounting	4
	Term Hours	8
Second Semester
ACC 2020	Intermediate Accounting II	4
ACC 2300	Auditing	4
	Term Hours	8
	Total Hours	30

Tax Preparer Certificate

The Tax Preparer certificate provides students with the knowledge and skills needed for an entry-level tax-related position. The Tax Preparer certificate curriculum focuses on a technical accounting skillset including: understanding accounting principles, preparing financial statements, running QuickBooks, understanding tax laws, and preparing tax returns.

First Year
First Semester		Hours
ACC 1010	Corporate Accounting Principles	4
	Term Hours	4
Second Semester
ACC 1050	Accounting Software (QuickBooks)	2
ACC 2251	Federal Income Tax	4
	Term Hours	6
	Total Hours	10

Accounting

Program Learning Outcomes

For More Information, Contact:

Accounting Major

(Available Fully On-line)

Associate of Applied Business Degree

Structured Course Sequence (4 Semester Plan)

ACC 1010 — Corporate Accounting Principles

ACC 1020 — Managerial Accounting Principles

ACC 1050 — Accounting Software (QuickBooks)

ACC 1121 — Payroll Accounting

ACC 2010 — Intermediate Accounting I

ACC 2020 — Intermediate Accounting II

ACC 2111 — Cost Accounting

ACC 2251 — Federal Income Tax

ACC 2300 — Auditing

ACC 2401 — Applications in Accounting 

Certificates

Accounting Clerk Certificate

CPA Exam Eligibility Certificate (Accounting Component)

Tax Preparer Certificate

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