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Howard Community CollegeOnline Cataloguehcc catalogue '11-'12
 
General and Academic InformationPrograms of Study
hcc catalogue '11-'12




Course Descriptions

ACCOUNTING
 
ACCT-111   Principles of Accounting I
3 Credits
Upon completion  of this course, students will have a comprehensive understanding of basic accounting theory, practice covering the account- ing cycle, and a knowledge of basic accounting for partnerships. With emphasis on accounting concepts and principles, students will perform the fundamentals of recording, summarizing, and analyzing the transactions of a business. Students will be involved in the preparation and interpretation of working papers and financial statements. The fundamentals of accounting for payroll and assets (cash, notes and accounts receivable, inventories, plant and equipment, and intangibles) will be performed by students. (3 hours weekly)
 
ACCT-112   Principles of Accounting II
3 Credits
Upon completion  of this course, students will have a knowledge of basic accounting for cor- porations, for interpretation and modifications of financial  statements, for managerial account- ing of costs, and for planning and controlling business operations.  Prerequisite:  ACCT-111. (3 hours weekly)
 
ACCT-179   QuickBooks® for the Professional
3 Credits
This course teaches students to create and edit financial information for both ser vice and mer- chandising business using the QuickBooks® Pro
 
accounting software package. Students learn to use QuickBooks  Pro to establish a company  and enter specific data to complete the accounting cycle. An emphasis is placed tracing accounting principles to the QuickBooks® Pro software. Through an extensive experiential learning approach, students create a fictitious company and produce accounting records such as payroll, bank reconciliations, and financial statements. Prerequisite:  ACCT-111. (3 hours weekly)
 
ACCT-190   Certified Bookkeeper
Review Course
3 Credits
This course ser ves as a final review for students preparing to sit for the certified bookkeeper exam. Using materials produced by the Ameri- can Institute of Professional Bookkeepers (AIPB), this course examines and practices all of the topics found directly on the exam. Prerequisite: ACCT-111. (3 hours weekly)
 
ACCT-201-202   Accounting Work Experience I and II
3 or 4 Credits
See COOP-201–202 Cooperative Education Work
Experience I and II.
 
ACCT-230    Cost Accounting
3 Credits
This course covers fundamentals of cost account- ing including terminology; cost-volume-profit analysis; costing systems; operating,  financial, and flexible  budgets including  variances; and other  topics such as transfer pricing  and per- formance measurement. This course prepares students for business decisions in cost account- ing and for the Certified Public Accountant (CPA) exam. Prerequisite:  ACCT-112. (3 hours weekly)
 
ACCT-231   Intermediate  Accounting I
3 Credits
In this course, students will study and review the foundations of accounting theory and prepara- tion of classified financial  statements. The con- cepts of future and present value and the effects of changing prices on financial reporting will be studied. Students will apply current accounting standards to account for cash, short-term invest- ments, receivables, liabilities, income taxes, inventories, and property. The completion  of a comprehensive practice set is required. Prereq- uisite: ACCT-112. (3 hours weekly)
 
ACCT-232   Intermediate  Accounting II
3 Credits
In this course, students will complete an inten- sive study of accounting for long-term liabilities,
long-term  investments  in equit y  and  debit securities, corporations, revenue recognition, pension costs, leases, accounting changes and error corrections, financial statements includ- ing the Statement of Cash Flows, and analysis of financial  statements. Prerequisite: ACCT-231. (3 hours weekly)
 
ACCT-233   Advanced Accounting
3 Credits
Students  will study  business  combinations including methods of consolidating affiliated firms into a consolidated set of financial state- ments. How to account for transactions involv- ing different currencies and the use of hedging strategies are studied. Translating a foreign entity’s financial statements from a foreign cur- rency into a domestic currency is covered. U.S. GAAP and International Financial Reporting Standards (IFRS) are discussed and differences highlighted. Interim and Segment reporting are covered.  Study includes  partnership  charac- teristics, formation, accounting for activities, ownership changes, and liquidation. This course is to prepare students for business decisions in accounting and for the Financial Accounting and Reporting (FAR) section of the Certified Public Accountant (CPA) exam. Prerequisite: ACCT-232. (3 hours weekly)
 
ACCT-234   Governmental and Not-for- Profit Accounting
3 Credits
This course covers governmental and not-for- profit accounting and reporting. Study includes governmental accounting concepts, content and format of the comprehensive annual financial report (CAFR), accounting and reporting trans- actions for governmental and not-for-profit orga- nizations, and budgeting for these entities. This course prepares students for decisions relating to governmental and not-for-profit accounting and the Financial Accounting and Reporting (FAR) section of the Certified Public Accountant (CPA) Exam. Prerequisite:  ACCT-232. (3 hours weekly)
 
ACCT-235   Tax Accounting
3 Credits
This course covers current tax laws governing recognition  of items of gross income, exclusions, deductions, capital gains and losses, credits, estimated taxes, employment  taxes, and the calculation of taxable income for an individual and sole proprietor. This is the first of three tax courses that prepare students for individual and business decisions relating to federal taxation and the Federal Tax Regulation Section of the Certified Public Accountant (CPA) Exam. Pre- requisite:  ACCT-112. (3 hours weekly)
 
ACCT-236   Tax Accounting II
3 Credits
This course continues Tax Accounting for federal income tax for individuals and business taxpay- ers. Topics include federal tax research, tax practice and ethics, tax written communication, tax accounting methods and periods, reconcilia- tion of tax and financial methods, tax elections, current tax laws governing alternative minimum tax for individual and corporate taxpayers, and property transactions. This course is the second of three tax courses that prepare students for individual  and business decisions  relating to federal taxation and the Federal Tax Regulation Section of the Certified Public Accountant (CPA) Exam. Prerequisite:  ACCT-235. (3 hours weekly)
 
ACCT-237   Taxation of Corporations, Partnerships, Estates, and Trusts
3 Credits
This course continues Tax Accounting for federal income tax for individuals and business taxpay- ers. Topics include federal tax research, tax practice and ethics, tax written communication, tax accounting methods and periods, reconcilia- tion of tax and financial methods, tax elections, current tax laws governing alternative minimum tax for individual and corporate taxpayers, and property transactions. This course is the third of three tax courses that prepare students for individual  and business decisions  relating to federal taxation and the Federal Tax Regulation Section of the Certified Public Accountant (CPA) Exam. Prerequisite:  ACCT-236. (3 hours weekly)
 
ACCT-238   Auditing
3 Credits
This course is the study of auditing and other audit engagement ser vices. The audit process is examined including auditor and management responsibilities, audit objectives, evidence ac- cumulation, documentation, planning, analytical procedures, materiality and risk, and effective internal  controls.  Types of audit reports are studied, including  the report on internal  con- trol. Organizations with audit standard setting responsibilities are discussed along with regula- tion and ethical standards that apply to auditors. This course is to prepare students for business decisions relating to auditing and the Auditing section of the Certified Public Accountant (CPA) Exam. Prerequisite:  ACCT-231. (3 hours weekly)
 
ACCT-239   Auditing II
3 Credits
This course continues the study of auditing and other audit engagement ser vices. The audit pro- cess is reviewed and applied to various business cycles including  sales and collection,  acquisition and payment, payroll and personnel, inven- tory and warehousing, capital acquisitions and repayment, and cash balances. Study includes concepts of an auditor’s legal liability to clients, third parties, federal securities laws, and the pro- fession’s response to legal liability. This course is the second of two courses to prepare students for business decisions relating to auditing and the Auditing section of the Certified Public Ac- countant (CPA) Exam. Prerequisite: ACCT-238. (3 hours weekly)
 
ACCT-240    Business Environment for the CPA Candidate
2 Credits
This course covers various business topics from the Business Environment  and Concepts (BEC) section of the Certified Public Accountant (CPA) Exam. Topics include corporate governance, economic  concepts and analysis, financial management, information  systems and com- munications, strategic planning, and operations management. This course prepares students for business decisions and the BEC section of the CPA exam. Prerequisite:  ACCT-230. (2 hours weekly)
 
 

hcc catalogue '11-'12


Accounting - ACCT
Aging Services - AGNG
American Sign Language - AMSL
Anthropology - ANTH
Arabic - ARAB 
Art - ARTT 
Astronomy - ASTR
Bioinformatics - BFMT 
Biology - BIOL 
Biomedical Engineering - BMET
Business - BMGT 
Cardiovascular Technology - CARD
Chemistry - CHEM 
Chinese - CHNS 
Cisco - CSCO 
Computer-Aided Design - CADD
Computer Forensics - CFOR 
Computer Systems - CMSY 
Conflict Resolution - CRES
Construction Management - CNST 
Cooperative Education - COOP
Criminal Justice - CRIM 
Culinary Management - CMGT 
Dance - DANC
Dental Hygiene - DHYG 
Diagnostic Medical
Sonography - DMSU

Economics - ECON 
Education - EDUC 
Electronics - ELEC 
Emergency Medical Technician/
Paramedic - EMSP
 
Engineering -ENES 
English- ENGL 
Entrepreneurship - ENTR 
Environmental Science - ENST
Exercise Science - EXSC 
Farsi - FARS
Film - FILM 
Financial Planning- FNPL 
Fine Arts - FINE 
First-Year Experience - FYEX
French - FREN 
Geography - GEOG
Geology - GEOL

German - GERM 
Greek - GREK 
Health Care - HEAL 
Health Education - HEED 
Hebrew - HBRW
Hindi - HNDI
History - HIST 
Horticulture - HORT 
Hospitality Management - HMGT
Human Development - HMDV 
Human Services - HUMS 
Humanities - HUMN
Interior Design - INDS
Italian - ITAL 
Japanese - JPNS
Korean - KORE 
Life Fitness - LFIT 
Mathematics - MATH 
Medical Laboratory
Technician - MLTS

Meteorology - METO 
Microsoft - MSFT 
Music - MUSC 
Nursing - NURS 
Nutrition - NUTR
Office Technology - OFFI 
Philosophy - PHIL 
Physical Therapist
Assistant - PTAP
 
Physics - PHYS 
Political Science - POLI 
Portuguese - PORT
Psychology - PSYC 
Public Health - PUBH
Radiologic Technology - RADT
Retailing - RETL 
Russian - RUSS 
Social Work - SOWK
Sociology - SOCI 
Spanish - SPAN 
Speech - SPCH 
Television and Radio - TVRD
Theatre - THET 
Turkish - TURK
Women's Studies - WMST