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  
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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

General Studies (9 credits)

  Course # Course Name Credits  
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BUSO1625
Business Communication I

This course is designed to provide an in depth study of business English skills through review and use of many practice applications of grammar usage, punctuation, capitalization, numbers, abbreviations, spelling improvement, writing skills, editing skills, and business vocabulary skills development. The business world demands that its participants communicate effectively both verbally and nonverbally. No business person can communicate effectively without knowledge of the basic rules of grammar, punctuation, and capitalization. Emphasis is placed on using the Gregg Reference Manual and other reference resources for developing proofreading and editing skills. This course is part of the Associate in Applied Science Administrative Assistant and Medical Administrative Assistant degrees which are accredited by the Accreditation Council for Business Schools and Programs (ACBSP). Prerequisites: GSCM 1510 or instructor approval. (3 Cr - 2 lect, 1 lab)

3
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BUSO1650
Business Communications II

This course emphasizes composing, writing, and editing of a variety of business communications such as letters, memos, and reports.  Students will continue to develop spelling, grammar, punctuation, capitalization, and vocabulary skills.  This course also examines the development of oral communication skills required in a business/office environment.  This course is part of the Associate in Applied Science Administrative Assistant degree which are accredited by the Accreditation Council for Business Schools and Programs (ACBSP).  Prerequisites:  BUSO 1625, or BUSA 2041, or ENGL 1101, or instructor approval.  BUSA 1002 may also be helpful with or before this course.
(3 Cr – 3 lect, 0 lab)

3
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GSCL1270
Employment Search Skills

This course introduces students to a process of developing self-awareness when considering career opportunities and identifying career-related goals. Students conduct a job search, prepare a job application, resume, cover letter, a follow-up correspondence. The course includes preparation for job interviews. (1 Cr - 1 lect, 0 lab)

1
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GSCM1510
Workplace Human Relations

This course examines interpersonal relationship skills in the work environment. Students evaluate individual strengths and weaknesses and assess and learn transferable skills. This course emphasizes employment-enhancing skills that include understanding and improving relationships and communication with co-workers, supervisors, subordinates, and customers. This survey course introduces concepts and methods for improvement of interpersonal relations. (2 Cr - 2 lect, 0 lab)

2

Electives (9 credits)

  Course # Course Name Credits  
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ACCT1061
Certified Bookkeeper Capstone

This course examines key bookkeeping functions for a small business as it prepares students for the Certified Bookkeeper exam.  The Certified Bookkeeper exam leads to a national designation as a Certified Bookkeeper through the American Institute of Professional Bookkeepers. (Taking the Certified Bookkeeper national exam is optional and is not a requirement for this course.)  Emphasis is placed on adjusting entries, accounting errors, payroll, depreciation, inventory, internal control and fraud prevention.

Prerequisites:  ACCT1099 and ACCT2011 (Cr – 3 lect, 0 lab)

3
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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
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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
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ACCT2092
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 90 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. (2 Cr - 0 lect, 2 lab)

2
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ACCT2093
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 135 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. (3 Cr - 0 lect, 3 lab)

3
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ACCT2094
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 180 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. (4 Cr - 0 lect, 4 lab)

4
ACCT2991
Topics in Accounting
3
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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
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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
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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
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ECON2292
Microeconomics (Goal 5 & 8)

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
MATH2021
Fundamentals of Statistics
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Last Updated: April 9, 2020