Course Recommendations for Accounting at Riverland Community College - Riverland

Accounting

Program Notes

Keyboarding (min. 25 wpm) and basic microcomputer skills (Windows operating system, word processing, spreadsheet, and database) are necessary for success in this course of study. If student is not competent in these skills, the following course(s) are highly recommended. These credits do not count toward meeting the program requirements.

Students entering this program must meet the following minimum program entry requirements:

Reading

An Accuplacer score of 63 is recommended

Assessment Results and Prerequisites

Students admitted into Riverland Community College program may need to complete additional courses based on assessment results and course prerequisite requirements. Certain MATH and ENGL courses have additional prerequisites.

Required Core Courses (42 credits)

  Course # Course Name Credits  
toggle summary
ACCT1021
Excel™ Spreadsheet Applications

This course includes the use of Microsoft Excel™ as used in accounting-related applications. Accounting applications included in this class are financial statement analysis, budgeting, capital budgeting, loan and bond amortization, and depreciation calculations. Attention is also given to other Excel™ applications such as charting, database applications and pivot tables.  This course is part of the Associate in Applied Science -Accounting degree which is accredited by the Accreditation Council for Business Schools and Programs (ACBSP). Pre-requisite: BUSO1620, BUSA1060, or equivalent microcomputer competency, or instructor approval.

(3 Cr – 3 lect, 0 lab)

3
toggle summary
ACCT1022
QuickBooks™ Certification Training

This course covers basic use of QuickBooks™ software for the purposes of preparation for the Certified QuickBooks™ User exam. QuickBooks is used not only to compile transaction data but also to generate basic financial reports. This course is a component of the Associate of Applied Science (AAS) degree in accounting, which is accredited by the Accreditation Council of Business Schools and Programs (ACBSP). Pre-requisites: BUSO1620, BUSA1060, basic microcomputer competency, or instructor approval.

(3 Cr – 3 lect, 0 lab)

3
toggle summary
ACCT1023
Computerized Accounting with Sage™

This course covers basic use of Sage™ software for commercial application and possible Sage™ user exam certification. Sage™ is basic general ledger accounting software for microcomputers used to generate basic financial reports. This course is a component of the Associate of Applied Science (AAS) degree in accounting, which is accredited by the Accreditation Council of Business Schools and Programs (ACBSP). Pre-requisites: BUSO1620, BUSA1060, basic microcomputer competency, or instructor approval. Also required is ACCT2011 or concurrent enrollment.  

(3 Cr – 3 lect, 0 lab)

3
toggle summary
ACCT1031
Business Math/Calculators

This course introduces the application of mathematical functions of business problems and solutions.  The touch system of 10-key calculator operations is introduced.  Students will also develop speed and accuracy using the touch system for the four basic arithmetic operations and solving business problems.  This course is part of the Associate in Applied Science Accounting degree which is accredited by the Accreditation Council for Business Schools and Programs (ACBSP).  Prerequisites:  MATH 0550 or basic math competency.

      (3 Cr – 2 lect, 1 lab) 

3
toggle summary
ACCT1040
Applied Individual Income Taxes

This course introduces federal and state income tax laws as they apply to individuals.  It includes business income tax provisions as they apply to sole proprietors. Students will perform various tax calculations manually and with the aid of computer software.  This course is part of the Associate in Applied Science Accounting degree, which is accredited by the Accreditation Council for Business Schools and Programs (ACBSP).  Prerequisites:  BUSO 1620 or equivalent microcomputer competency.

(3 Cr – 3 lect, 0 lab)

3
toggle summary
ACCT1099
Payroll Accounting

This course introduces various federal and state laws pertaining to the employment process and the computation and payment of salaries and wages. Topics include Fair Labor Standards Act, Federal Insurance Contributions Act, Unemployment Tax Act, withholding laws, preparation of employment records, payroll registers, time cards, employee earnings records, and federal and state reports.  Students will perform various payroll calculations and complete a computerized payroll project.  This course is part of the Associate in Applied Science Accounting degree which is accredited by the Accreditation Council for Business Schools and Programs (ACBSP).  Prerequisites:  ACCT 2011 or concurrent enrollment.

(2 Cr – 2 lect, 0 lab) 

2
toggle summary
ACCT1120
Applied Business Income Taxation

This course covers the income taxation of sole proprietorships, corporations, partnerships, fiduciaries, and S corporations. Students complete the appropriate federal tax returns as they apply to these entities.  This course is part of the Associate in Applied Science Accounting degree which is accredited by the Accreditation Council for Business Schools and Programs (ACBSP).  Prerequisites:  ACCT 1040 or instructor approval.

      (3 Cr – 3 lect, 0 lab)

3
toggle summary
ACCT2011
Principles of Financial Accounting

This course is an introduction to financial accounting concepts and principles through a study of business transactions and their effect on financial statements. Topics/concepts included are: accounting as an information system; transactions and the accounting cycle; financial statements (including the Income Statement, Statement of Equity, Balance Sheet, and the Cash Flow Statement); and analysis of profitability, liquidity, and risk.  Accounting practices will be applied to measure, classify and report current and long-term assets, current and long-term liabilities, and equity. The course focus will be on corporate accounting. This course is part of the Associate in Applied Science Accounting degree which is accredited by the Accreditation Council for Business Schools and Programs (ACBSP).

(4 Cr – 4 lect, 0 lab) 

4
toggle summary
ACCT2012
Principles of Managerial Accounting

This course is an introduction to managerial accounting concepts and principles, including a study of:  cost behavior; cost-volume-profit analysis; relevant costs for decision-making; budgetary planning; cost management (Activity-Based Costing (ABC), Just-In-Time (JIT), and Total Quality Management (TQM); standard costing and variance analysis; planning for capital investments; product and service costing; performance evaluation; and cost accounting systems.  This course is part of the Associate in Applied Science Accounting degree which is accredited by the Accreditation Council for Business Schools and Programs (ACBSP).  Prerequisites:  ACCT 2011.

(4 Cr – 4 lect, 0 lab)

4
toggle summary
ACCT2055
Governmental/Fund/Non-Profit Accounting

This course introduces the application of generally accepted accounting principles for state and local governmental units. Topics include accounting for municipalities, public schools, colleges and universities, and hospitals. Accounting for voluntary health and welfare organizations and other non-profit organizations are also included. This course is part of the Associate in Applied Science Accounting degree which is accredited by the Accreditation Council for Business Schools and Programs (ACBSP). Prerequisites: ACCT 2011 or concurrent enrollment in ACCT 2011. (3 Cr - 3 lect, 0 lab)

3
toggle summary
ACCT2020
Applied Intermediate Accounting

The content of this course covers an overview of the accounting process, the balance sheet, the income statement, the statement of cash flows, time value of money, internal controls cash, receivables, inventories, long-term operational assets, investments in debt and equity securities, current liabilities, long-term notes, and lessee accounting.  The focus of this course is on the practical applications of accounting standards.  Students are encouraged to take advantage of available computer software to assist them in computations. This course is part of the Associate in Applied Science Accounting degree, which is accredited by the Accreditation Council for Business Schools and Programs (ACBSP). Prerequisites:  ACCT 2011 and ACCT 2012 or instructor approval.

       4 Cr – 4 lect, 0 lab)

4
toggle summary
ACCT2040
Applied Cost Management

This course introduces accounting applied to production costs of a manufacturing entity.  Topics include the accounting for materials, labor, and overhead costs. Job order cost system, process cost system, by-products, strategic financial management, as well as basic budgeting, standard cost systems and variance analysis are also included.  This course is part of the Associate in Applied Science Accounting degree which is accredited by the Accreditation Council for Business Schools and Programs (ACBSP).  Prerequisites:  ACCT 2011, ACCT 2012, or instructor approval.

(4 Cr – 4 lect, 0 lab)

4
toggle summary
BUSA2032
Business Law - Legal Environment

This is a survey course that provides students with a basic understanding of the legal aspects of business. Topics include an overview of the basic United States legal system, ethics, contracts, legal structure of business, agency and employment law, property issues, and international/global business law.  This course is part of the Associate in Arts Business Concentration and Associate in Science Business degrees which are accredited by the Accreditation Council for Business Schools and Programs (ACBSP).

(3 Cr – 3 lect, 0 lab)

3

MnTC General Education Courses (15 credits)

  Course # Course Name Credits  
toggle summary
ECON2292
Microeconomics (Goal 5 & 8) OR

This course is an analysis of current United States and world policies, issues and problems using some basic principles of economics with special emphasis on decision making by individuals and firms. MnTC (Goals 5/SS and 8/GP); (3 Cr - 3 lect, 0 lab)

3
toggle summary
ECON2291
Macroeconomics (Goal 5 & 8)

This course introduces the basic principles and methods of economics and then applies them to national income accounts, aggregate supply and demand, business cycles, economic growth and monetary and fiscal policy. There will be a special emphasis on international trade and the global economy. MnTC (Goals 5/SS and 8/GP); (3 Cr - 3 lect, 0 lab)

3
toggle summary
ENGL1101
Composition I (Goal 1 & 2) OR

This is an introductory college writing course designed to help students develop effective writing skills for college level work.  Students learn to generate ideas and organize them into unified, coherent essays.  Methods of instruction vary, but most sections combine individual conferences and peer review with regular class meetings.  Prerequisites:  A grade of C or higher in ENGL 0960 or appropriate placement score.

MnTC (Goals 1/CM and Goal 2/CT); (3 Cr – 3 lect, 0 lab)

3
toggle summary
ENGL1102
Honors Composition I: Writing about Literature (Goal 1 & 2)

Honors Composition I is an introductory college writing course designed to help students develop effective writing skills for college level work.  Students learn to generate ideas and organize them into unified, coherent essays.  This course will focus on writing about literature.  Students will employ the writing process as they study, analyze, and interpret short stories, poetry and fiction.  Methods of instruction vary, but most sections will combine individual conferences and peer review with regular class meetings.  Honors courses will emphasize independent inquiry, informed discussion, and direct application within small transformative classes which feature close working relationships with instructors.  

MnTC (Goals 1/CM and Goal 2/CT); (3 Cr – 3 lect, 0 lab)

3
toggle summary
SPCH1100
Fundamentals of Speech (Goal 1 & 9) OR

This course focuses on the theory and practice of public communication including individual and group presentations.  This course emphasizes audience analysis, organization, content development including topic selection and speaking ethics.  Students will prepare and deliver a variety of both individual and group presentations and demonstrate an ability to apply research from diverse sources.  Students should expect to reduce speech apprehension and develop self-confidence in their ability to communicate in public.

MnTC (Goals 1/CM and 9/EC); (3 Cr – 3 lect, 0 lab)

3
toggle summary
SPCH1110
Honors Fundamental of Speech (Goal 1 & 9) OR

This honors section of Fundamentals of Speech is an enriched study of the theory and practice of public communication including individual and group presentations.  This course emphasizes audience analysis, organization, content development including topic selection and speaking ethics.  Students will prepare and deliver a variety of both individual and group presentations and demonstrate an ability to apply research from diverse sources.  Students should expect to reduce speech apprehension and develop self-confidence in their ability to communicate in public. Honors courses emphasize independent inquiry, informed discussion, and direct application within small transformative classes and feature close working relationships with instructors.

MnTC (Goals 1/CM and 9/EC); (3 Cr – 3 lect, 0 lab)

3
toggle summary
SPCH1200
Interpersonal Communication (Goal 1 & 7)

This course focuses on communicating more effectively in personal, social, and professional environments and examining the practical and theoretical aspects of human communication. The course also addresses such topics as self-esteem, listening, effective language, nonverbal communication, perception, disclosure, conflict and cultural communication.  Human diversity issues and cultural/intercultural factors and how they affect human communication are examined.  Students will also reflect on the role interpersonal process plays in relationships and reflect on individual strengths and weaknesses with regard to personal interpersonal communication.

MnTC (Goals 1/CM 7/HD); (3 Cr – 3 lect, 0 lab)

3
MATH2021
Fundamentals of Statistics OR
4
toggle summary
MATH2022
Honors Fundamentals of Statistics (Goal 2 & 4) OR

This honors section of Fundamentals of Statistics is an enriched study of basic statistical methods including sampling, analyzing a research study, measures of central tendency and dispersion, probability, confidence intervals, hypothesis testing of means and proportions, Chi-square, analysis of variance, correlation, and regression. The use of statistical software is included in this course. Honors courses emphasize independent inquiry, informed discussion, and direct application within small transformative classes which feature close working relationships with instructors. Prerequisite: Math 0660 or qualifying score on placement test.

MnTC (Goals 4/MA and 2/CT); (4 Cr - 4 lect, 0 lab)

4
toggle summary
MATH1110
College Algebra (Goal 2 & 4)

This course covers the basics of college level algebra emphasizing understanding of the basic principles through investigation.  The topics covered range from a basic algebra review to exploration of linear, quadratic, exponential, and logarithmic functions along with a study of rational expressions, inverse relations, function operations, complex numbers, and systems of equations.  Prerequisites:  MATH 0670 with grade of C or better or appropriate placement test score.

MnTC (Goals 4/MA and Goal 2/CT); (3 Cr - 3 lect, 0 lab)

3
-
3

Electives - 3 credits from courses listed below:

  Course # Course Name Credits  
toggle summary
ACCT2061
Accounting Capstone - ABA (ACAT Exam) Review

This course serves as a capstone course for review and integration of the common body of knowledge in the accounting field. In addition to review and integrations, additional topics such as compilations, reviews and audits are included. This course is designed to prepare the student for the Comprehensive Examination for Accreditation in Accountancy, as offered by the Accreditation Council for Accountancy and Taxation (ACAT), an affiliate of the National Society of Public Accountants. By synthesizing various accounting subjects, this course will prepare students for professional practice in an accounting career. The student may choose whether or not to take the accrediting examination. This course is part of the Associate in Applied Science Accounting degree, which is accredited by the Accreditation Council for Business Schools and Programs (ACBSP). Prerequisites: ACCT 2020, ACCT 2030 and ACCT 1040 or instructor approval.

(3 Cr – 3 lect, 0 lab)

3
toggle summary
BUSA1050
Personal Financial Management and Planning

This course introduces and emphasizes the importance of personal financial management and planning and provides solid strategies for successful financial management. Topics covered include key factors that affect personal income; budgets; cash-flow management; credit and credit cards; borrowing; managing taxes; and major expenditures including housing, automobiles, insurance and investments. Students will prepare their own financial plan. This course is part of the Associate in Arts Business Emphasis and Associate in Science Business degrees which are accredited by the Accreditation Council for Business Schools and Programs (ACBSP). (3 Cr - 3 lect, 0 lab)

3
toggle summary
CCLS1000
First Year Experience

This course introduces proven strategies and applications to help students achieve greater success in college and in life.  Topics include, but are not limited to, time management, goal setting, learning strategies, critical thinking, communication skills, diversity awareness, health and wellness, college and community resources, and financial planning.  This course introduces students to making choices that promote responsibility, motivation, interdependence, and self-awareness.  Recommended:  Score of 52 or above on test Accuplacer Reading Comprehension.
(1 Cr – 1 lect, 0 lab)

1
toggle summary
ACCT2091
Internship

This course allows the student to practice accounting as well as computer and human relations skills. The student will gain competency in accounting by applying academic accounting knowledge to the requirements of an accounting position. The work site must be approved by the instructor. The student will perform 45 hours of accounting work that is completed under the direct supervision of an accountant and will also be monitored by the instructor. Professional interactions with other personnel and/or customers will be expected. The student and supervisor will submit progress reports and evaluations. Prerequisites: ACCT 2011 and/or instructor approval. (1 Cr - 0 lect, 1 lab)

1
toggle summary
ACCT2991
Topics in Accounting

This course is designed to focus on current issues in accounting.  Possible topics include:  Volunteer Income Tax Assistance (VITA), contemporary accountinginclude:  Volunteer Income Tax Assistance (VITA), contemporary accounting software, or specialized current issues of an accounting nature.  Pre-requisites: ACCT2011 Principles of Financial Accounting, equivalent, or consent of the instructor.
1 Cr – 1 lect, 0 lab

1

Last Updated: April 9, 2020