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Accounting
Cara Rex, MACC, Chair
Phone: (419) 995-8323
Email: rex.c@RhodesState.edu
Office: 239 Keese Hall
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 in the classroom or fully online.
Technical Standards
See here for details.
Accounting Major
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 1190 or MTH 1210 or MTH 1260 or MTH 1370 or MTH 1430 or MTH 1611 or MTH 1711 or MTH 1100 | Quantitative Reasoning 1 or Finite Mathematics/Business or Mathematics I or Statistics or College Algebra or Trigonometry or Business Calculus or Calculus I or Math of Business | 3 |
| PSY 1010 or SOC 1010 | General Psychology or Sociology | 3 |
| SDE 1010 | First Year Experience | 1 |
| Term Hours | 17 | |
| Second Semester | ||
| ACC 1020 | Managerial Accounting Principles | 4 |
| ACC 1050 | Accounting Software (QuickBooks) | 2 |
| ACC 1121 | Payroll Accounting | 2 |
| BUS 2100 | Business Law | 3 |
| COM 2110 or COM 2213 | Public Speaking or Verbal Judo | 3 |
| ECN 1430 | Micro Economics | 3 |
| Term Hours | 17 | |
| Second Year | ||
| First Semester | ||
| ACC 2010 | Intermediate Accounting I | 4 |
| ACC 2111 | Cost Accounting | 4 |
| ACC 2250 | Principles of Federal Income Tax | 2 |
| ACC 2290 | Intermediate Income Tax | 2 |
| MGT 1010 or MKT 1010 or ECN 1410 or COM 1160 or FIN 2400 | Principles of Management or Principles of Marketing or Macro Economics or Business Communications or Corporate Finance | 3 |
| Term Hours | 15 | |
| Second Semester | ||
| ACC 2020 | Intermediate Accounting II | 4 |
| ACC 2300 | Auditing | 4 |
| ACC 2401 | Applications in Accounting | 2 |
| ACC 2991 | Accounting Practicum | 2 |
| ACC 2992 | Accounting Seminar | 1 |
| Any Science or Humanities course elective (see list below). | 3 | |
| Term Hours | 16 | |
| Total Hours | 65 | |
| 1 | If planning to transfer, take MTH 1260 or higher. |
See here for Portfolio and Capstone information.
Science and Humanities course electives
| Code | Title | Hours |
|---|---|---|
| BIO 1000 | Basic Human Structure and Function | 3 |
| BIO 1090 | Concepts in Biology | 4 |
| BIO 1110 | Anatomy and Physiology I | 4 |
| BIO 1120 | Anatomy and Physiology II | 4 |
| BIO 1400 | Microbiology | 4 |
| BIO 2121 | Introduction to Human Genetics | 4 |
| CHM 1110 | Introductory General Chemistry | 4 |
| CHM 1120 | Introductory Organic and Biochemistry | 4 |
| GLG 1000 | Physical Geology | 4 |
| GLG 1004 | Historical Geology | 4 |
| HST 1011 | Western Civilization I | 3 |
| HST 1012 | Western Civilization II | 3 |
| HST 1333 | World Civilization I | 3 |
| HST 1334 | World Civilization II | 3 |
| HST 1610 | American History to 1877 | 3 |
| HST 1620 | American History Since 1877 | 3 |
| HST 2300 | Technology and Civilization | 3 |
| HST 2510 | History of Latin America | 3 |
| HST 2521 | Women in World History | 3 |
| LIT 1450 | Introduction to Film | 3 |
| LIT 2210 | Introduction to Literature | 3 |
| LIT 2215 | Native American Literature | 3 |
| LIT 2227 | Literature of Graphic Novels | 3 |
| LIT 2228 | African-American Literature | 3 |
| LIT 2242 | World Literature II | 3 |
| LIT 2241 | World Literature I | 3 |
| LIT 2250 | The American Short Story | 3 |
| LIT 2260 | Fantasy Literature | 3 |
| LIT 2301 | British Literature I | 3 |
| LIT 2305 | Introduction to Shakespeare | 3 |
| LIT 2310 | Literature and the Holocaust | 3 |
| LIT 2450 | Themes in Literature and Film | 3 |
| MUS 1010 | Music Appreciation I | 3 |
| THR 1010 | Introduction to Theatre | 3 |
Prerequisites:
Students should check course prerequisites before registering. Prerequisites are listed in the Course Tab.
ACC 1010 — Corporate Accounting Principles
4 Credit hours 4 Contact hours
Introduces students to fundamental accounting principles for corporations. The students will learn the analysis of business transactions (external and internal) and their effect on the accounting equation; the processing and flow of data from the recording of source documents to the closing of the books (accounting cycle); accounting for assets; cash, receivables, plant and intangible assets; inventories. In addition it covers both short-term and long- term liabilities (bonds); as well as the corporate structure including the nature, type and issuance of stock transactions.
Transfer: TAG.
ACC 1020 — Managerial Accounting Principles
4 Credit hours 4 Contact hours
Introduces students to fundamental managerial accounting principles. The students will learn the basics to internal accounting processes along with how to determine the cost of a product, study cost behavior and analysis, appropriate profit reporting, budgeting, performance evaluation, differential analysis and capital investment analysis. This is designated as a portfolio course.
Transfer: TAG
Prerequisites: ACC 1010.
ACC 1050 — Accounting Software (QuickBooks)
2 Credit hours 2 Contact hours
Applies basic accounting principles to an integrated accounting software package. The package currently used is QuickBooks.
ACC 1121 — Payroll Accounting
2 Credit hours 2 Contact hours
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 withholding 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 microcomputer application.
Corequisites: ACC 1010.
ACC 1440 — Governmental & Non-Profit Accounting
3 Credit hours 3 Contact hours
Covers accounting and reporting principles, standards and procedures applicable to governmental and non- profit organizations. Its emphasis is on a fund accounting system.
Prerequisites: ACC 1010.
ACC 2010 — Intermediate Accounting I
4 Credit hours 4 Contact hours
Focuses on financial reporting theory and application at the intermediate level as related to balance sheet valuation and income determination. Accounting applications for cash, temporary investments, receivables and inventory are also examined.
Prerequisites: ACC 1010.
ACC 2020 — Intermediate Accounting II
4 Credit hours 4 Contact hours
Follows ACC 2010 featuring financial reporting applications for noncurrent operating assets; long-term investments; current, contingent and long-term liabilities; corporate equity; earnings per share presentation; leases; pensions and cash flows.
Prerequisites: ACC 2010.
ACC 2111 — Cost Accounting
4 Credit hours 4 Contact hours
Covers the concepts, quantitative analysis and detailed accounting procedures employed by a firm to determine material, labor and overhead cost elements. Included is the utilization of job order, process and blended cost systems. In addition, it includes the basic principles of budgeting for managerial use in planning for capital acquisition, development of standard costs, operating budgets and responsibility accounting. This is designated as a portfolio course.
Prerequisites: ACC 1020.
ACC 2250 — Principles of Federal Income Tax
2 Credit hours 2 Contact hours
Introduces the theory and practice of individual income taxes and provides a comprehensive application of the federal income tax code as it pertains to the determination of taxable income and computation of tax liability for individuals. It covers problems involving laws and regulations, preparation of individual income taxes, methods of tax planning and tax minimization. Included is a discussion of the impact of income taxes upon society and an individual's tax decisions.
ACC 2290 — Intermediate Income Tax
2 Credit hours 2 Contact hours
Provides a more detailed analysis of the comprehensive application of the federal income tax code as it pertains to the determination of taxable income and computation of tax liability for individuals, corporations and partnerships. Tax returns are prepared by hand and also by utilizing a tax software package. In addition, online tax research is completed.
Prerequisites: ACC 2250.
ACC 2300 — Auditing
4 Credit hours 4 Contact hours
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.
Prerequisites: ACC 1010, ACC 1020, ACC 2010, COM 1110.
ACC 2401 — Applications in Accounting
2 Credit hours 2 Contact hours
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.
Prerequisites: ACC 1010, ACC 1020, ACC 2010
Corequisites: ACC 2020.
ACC 2991 — Accounting Practicum
2 Credit hours 14 Contact hours
Requires the student to participate in a guided work experience in which the student will work for a minimum of 210 hours in an accounting/finance position. Exact duties will be agreed upon by the Faculty Member/Chair, Work Experience Supervisor, and the Student. Student will be required to present a portfolio which summarizes their time spent in the work experience. Simultaneous enrollment in ACC 2992, Accounting Seminar, is required. This course is graded S/U.
Prerequisites: ACC 1010, ACC 1020 and approval of an Accounting Faculty Member.
Corequisites: ACC 2992.
ACC 2992 — Accounting Seminar
1 Credit hour 1 Contact hour
Brings practicum accounting students together with their instructor to discuss achievements, progress, and challenges occurring during their practicum work experiences. Simultaneous enrollment in ACC 2991, Accounting Practicum, is required.
Prerequisites: ACC 1010, ACC 1020 and approval of an Accounting Faculty Member
Corequisites: ACC 2991.
The Accounting, Business Administration, and Human Resource degrees are all accredited by the Accreditation Council for Business Schools and Programs (ACBSP), 11520 West 119th Street, Overland Park, Kansas 66213.
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 applying for the certificate.
Applications for these certificates can be obtained from the Office of the Dean of Technology and Liberal Studies. The Dean's Office can be reached at detwiler.m@RhodesState.edu
Prerequisites may be required for courses listed for each certificate. Please see course description.
Tax Preparer Certificate
| Code | Title | Hours |
|---|---|---|
| ACC 1010 | Corporate Accounting Principles | 4 |
| ACC 1050 | Accounting Software (QuickBooks) | 2 |
| ACC 2250 | Principles of Federal Income Tax | 2 |
| ACC 2290 | Intermediate Income Tax | 2 |
| Total Hours | 10 | |
Accounting Clerk Certificate
| Code | Title | Hours |
|---|---|---|
| ACC 1010 | Corporate Accounting Principles | 4 |
| ACC 1020 | Managerial Accounting Principles | 4 |
| ACC 1050 | Accounting Software (QuickBooks) | 2 |
| ACC 1121 | Payroll Accounting | 2 |
| AOT 2640 | Spreadsheet Software and Applications | 3 |
| CPT 1250 | Computer Applications in the Workplace | 3 |
| Total Hours | 18 | |
See www.RhodesState.edu/GainfulEmployment for additional information on certificates.