Accounting

The Accounting curriculum is designed to provide students with the knowledge and skills necessary for employment and growth in the accounting profession. Using the “language of business” and technology resources, accountants assemble, analyze, process and communicate information about financial operations. In addition to course work in accounting principles, theories and practice, students study business law, finance and economics. Related skills are developed through the study of communications, computer applications, financial analysis, critical thinking skills and ethics. Graduates should qualify for entry-level accounting positions in many types of organizations including accounting firms, small businesses, manufacturing firms, banks, hospitals, school systems and governmental agencies. Advancement in the accounting profession is realized with work experience and additional education. For more information, call the Business and Accounting Division office at 704.330.6595.

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Accounting (A25100)

Degree Awarded

The Associate in Applied Science Degree – Accounting is awarded by the college upon completion of this program.

A Diploma in accounting is available upon the completion of 46 credit hours of specified, required courses.

Certificates in Accounting and Tax are available upon completion of 15 credit hours of specified, required courses.

Admissions

  • A high school diploma or equivalent is required.
  • Complete the general application to CPCC.
  • Submit high school transcripts and any college transcripts to Admissions, Records and Registration.
  • Request that all former college transcripts be evaluated for transfer credit.
  • Accounting, business and economic college level courses taken more than 10 years ago are not accepted.
  • CPCC placement tests are required in reading comprehension and algebra. Developmental courses in English and mathematics are available for students to build basic skills and knowledge. All developmental courses needed must be completed prior to beginning courses with these prefixes: ACC, BUS, ECM, INT, LOG and MKT.
  • Attend a counseling/orientation appointment following placement testing.
  • Meet with the Program Chair for advisement regarding program sequence of courses and course registration. Call the Business and Accounting Division at 704.330.6595 for an appointment.
  • Many courses have prerequisites or co-requisites. Check the Courses section for details.

Transferring to Senior Institution

To transfer courses more effectively, students intending to transfer to a senior institution should check with that college for its general education, program and GPA requirements.

Students enrolled in the Accounting program who think that they may decide to transfer to a senior institution should take course MAT 143 or higher.

Contact Information

The Accounting program is in the Business and Accounting Division. For more information, call the Business and Accounting Division at 704.330.6595.

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General Education Requirements
ENG 111Writing and Inquiry3.0
Select one of the following:3.0
Introduction to Communication
Public Speaking
Select one of the following:3.0
Writing and Research in the Disciplines
Literature-Based Research
Professional Research & Reporting
Select one of the following:3.0
Quantitative Literacy
Statistical Methods I
Precalculus Algebra
Select one of the following:3.0
Art Appreciation
Art History Survey I
Art History Survey II
Cultural Studies
Myth in Human Culture
Music Appreciation
Introduction to Jazz
Philosophical Issues
Introduction to Ethics
World Religions
Select one of the following:3.0
Principles of Microeconomics
Principles of Macroeconomics
World Civilizations I
World Civilizations II
American History I
American History II
American Government
General Psychology
Introduction to Sociology
Major Requirements
ACC 120Principles of Financial Accounting4.0
ACC 121Principles of Managerial Accounting4.0
ACC 220Intermediate Accounting I4.0
BUS 115Business Law I3.0
CIS 110Introduction to Computers3.0
ECO 251Principles of Microeconomics3.0
ACC 129Individual Income Taxes3.0
ACC 150Accounting Software Applications2.0
ACC 149Intro to Acc Spreadsheets2.0
ACC 225Cost Accounting3.0
ACC 130Business Income Taxes3.0
ACC 221Intermediate Accounting II4.0
ACC 269Auditing & Assurance Services3.0
Take one of the following courses:3.0
Gov & Not-For-Profit Acct
Advanced Accounting
Technical Electives
Select 5 credits of the following:5.0
Payroll Accounting
Personal Finance
Work-Based Learning I
Entrepreneurship I
Business Math
Introduction to Business
SIFE Business Development
Human Relations
Global Communication
International Business
Business Ethics
Business Finance
Total Credits67

Accounting Diploma (D25100-D1)

The Accounting Diploma is designed to provide the student with a concentrated course of study in the field of accounting. Upon completion of the 15 courses, a diploma is awarded by the college. The courses for the Accounting Diploma may be applied toward the Associate in Applied Science Degree – Accounting.

General Education Requirements
ENG 111Writing and Inquiry3.0
COM 110Introduction to Communication3.0
or COM 231 Public Speaking
Select 3 credits from the following:3.0
Quantitative Literacy
Statistical Methods I
Precalculus Algebra
Major Requirements
ACC 120Principles of Financial Accounting4.0
ACC 121Principles of Managerial Accounting4.0
BUS 115Business Law I3.0
ACC 129Individual Income Taxes3.0
ACC 220Intermediate Accounting I4.0
CIS 110Introduction to Computers3.0
ACC 130Business Income Taxes3.0
ACC 149Intro to Acc Spreadsheets2.0
ACC 150Accounting Software Applications2.0
ACC 221Intermediate Accounting II4.0
ACC 225Cost Accounting3.0
Major Electives
Select 2 credits of the following:2.0
Payroll Accounting
Gov & Not-For-Profit Acct
Advanced Accounting
Auditing & Assurance Services
Business Finance
Total Credits46

Accounting Certificates (C25100)

Accounting Certificate with a Specialization in Accounting (C25100-C1)

The certificate is designed to provide the student with a concentrated course of study in the field of accounting. Upon completion of the six courses, a certificate is awarded by the college. Courses for the certificate may be applied toward the Associate in Applied Science Degree – Accounting. For more information, call the Business and Accounting Division at 704.330.6595.

Major Requirements
ACC 120Principles of Financial Accounting4.0
ACC 121Principles of Managerial Accounting4.0
CIS 110Introduction to Computers3.0
ACC 149Intro to Acc Spreadsheets2.0
ACC 150Accounting Software Applications2.0
Total Credits15

Accounting Certificate with a Specialization in Tax (C25100-C2)

The certificate is designed to provide the student with a concentrated course of study in the field of taxation. Upon completion of the six courses, a certificate is awarded by the college. Courses for the certificate may be applied toward the Associate in Applied Science Degree – Accounting. For more information, call the Business and Accounting Division at 704.330.6595.

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Major Requirements
ACC 120Principles of Financial Accounting4.0
ACC 129Individual Income Taxes3.0
CIS 110Introduction to Computers3.0
ACC 140Payroll Accounting2.0
ACC 130Business Income Taxes3.0
Total Credits15

Accounting Certificate with a Specialization in Professional Accounting Certificate I (C25100-C3)

This certificate is designed to provide the student with a concentrated course of study in the field of accounting with an emphasis on taxation and ethics.  The courses included in this certificate help prepare students for the Regulation portion of the CPA Exam.  Upon completion of the six courses, 17 credit hours, a certificate is awarded by the College.  The courses for the certificate may be applied toward the Associate in Applied Science Degree - Accounting.  This certificate is an ideal path towards the 30 hours of accounting courses needed (along with a total of 150 hours) to sit for the CPA Exam.  For more information, please call the Business and Accounting Division at 704.330.6595.

Major Requirements
ACC 120Principles of Financial Accounting4.0
ACC 121Principles of Managerial Accounting4.0
ACC 129Individual Income Taxes3.0
ACC 130Business Income Taxes3.0
BUS 240Business Ethics3.0
Total Credits17

Accounting Certificate with a Specialization in Professional Accounting Certificate II (C25100-C4)

This certificate is designed to provide students with a concentrated course of study in the field of accounting, with an emphasis on corporate accounting, as well as governmental accounting and auditing.  The courses included in this certificate help prepare students for the Auditing and Attestation, as well as the Financial Accounting and Report portions of the CPA Exam.  Upon completion of the six course, 17 credit hours, a certificate is awarded by the College.  The courses for the certificate may be applied toward the Associate in Applied Science Degree - Accounting.  This certificate is an ideal path toward the 30 hours of accounting courses needed (along with a total of 150 hours) to sit for the CPA Exam.  For more information, call the Business and Accounting Division at 704.330.6595.

Major Requirements
ACC 220Intermediate Accounting I4.0
ACC 221Intermediate Accounting II4.0
ACC 225Cost Accounting3.0
ACC 240Gov & Not-For-Profit Acct3.0
or ACC 250 Advanced Accounting
ACC 269Auditing & Assurance Services3.0
Total Credits17

Courses

ACC 110. Ten-Key Skills. 1.0 Credit. Class-0.0. Clinical-0.0. Lab-2.0. Work-0.0

This course is designed to enable mastery of the "touch system" on the ten-key device. Emphasis is placed on the "touch system" on the ten-key device. Upon completion, students should be able to use the "touch system" on a ten-key device in making computations necessary in accounting.

ACC 115. College Accounting. 4.0 Credits. Class-3.0. Clinical-0.0. Lab-2.0. Work-0.0

This course introduces basic accounting principles for a business. Topics include the complete accounting cycle with end-of-period statements, bank reconciliation, payrolls, and petty cash. Upon completion, students should be able to demonstrate an understanding of accounting principles and apply those skills to a business organization. This course is intended for those who have not received credit for ACC-120.


ACC 120. Principles of Financial Accounting. 4.0 Credits. Class-3.0. Clinical-0.0. Lab-2.0. Work-0.0

This course introduces business decision-making using accounting information systems. Emphasis is placed on analyzing, summarizing, reporting, and interpreting financial information. Upon completion, students should be able to prepare financial statements, understand the role of financial information in decision-making and address ethical considerations. This course is intended for students who have not received credit for ACC 115.

Prerequisites: Take DMA 050 MAT 121 MAT 122 MAT 143 MAT 152 MAT 171 MAT 172 MAT 263 MAT 271 MAT 272 MAT 273 or MAT 285 Minimum
grade C Take DRE 098 or ENG 111 with a minimum grade of C

ACC 121. Principles of Managerial Accounting. 4.0 Credits. Class-3.0. Clinical-0.0. Lab-2.0. Work-0.0

This course includes a greater emphasis on managerial and cost accounting skills. Emphasis is placed on managerial accounting concepts for external and internal analysis, reporting and decision-making. Upon completion, students should be able to analyze and interpret transactions relating to managerial concepts including product-costing systems.

Prerequisites: Take ACC 120 Minimum grade C

ACC 129. Individual Income Taxes. 3.0 Credits. Class-2.0. Clinical-0.0. Lab-2.0. Work-0.0

This course introduces the relevant laws governing individual income taxation. Topics include tax law, electronic research and methodologies, and the use of technology for preparation of individual income tax returns. Upon completion, students should be able to analyze basic tax scenarios, research applicable tax law, and complete various individual tax forms.

Prerequisites: Take ACC 120 Minimum grade C

ACC 130. Business Income Taxes. 3.0 Credits. Class-2.0. Clinical-0.0. Lab-2.0. Work-0.0

This course introduces the relevant laws governing business and fiduciary income taxes. Topics include tax law relating to business organizations, electronic research and methodologies, and the use of technology for the preparation of business tax returns. Upon completion, students should be able to analyze basic tax scenarios, research applicable tax law, and complete various business tax forms.

Prerequisites: Take ACC 129 Minimum grade C

ACC 140. Payroll Accounting. 2.0 Credits. Class-1.0. Clinical-0.0. Lab-2.0. Work-0.0

This course covers federal and state laws pertaining to wages, payroll taxes, payroll tax forms, and journal and general ledger transactions. Emphasis is placed on computing wages; calculating social security, income, and unemployment taxes; preparing appropriate payroll tax forms; and journalizing/posting transactions. Upon completion, students should be able to analyze data, make appropriate computations, complete forms, and prepare accounting entries using appropriate technology.

Prerequisites: Take One: ACC 115 or ACC 120

ACC 149. Intro to Acc Spreadsheets. 2.0 Credits. Class-1.0. Clinical-0.0. Lab-2.0. Work-0.0

This course provides a working knowledge of computer spreadsheets and their use in accounting. Topics include pre-programmed problems, model-building problems, beginning-level macros, graphics, and what-if analysis enhancements of template problems. Upon completion, students should be able to use a computer spreadsheet to complete many of the tasks required in accounting.

Prerequisites: Take ACC 115 or ACC 120
Take CIS 110

ACC 150. Accounting Software Applications. 2.0 Credits. Class-1.0. Clinical-0.0. Lab-2.0. Work-0.0

This course introduces microcomputer applications related to accounting systems. Topics include general ledger, accounts receivable, accounts payable, inventory, payroll, and correcting, adjusting, and closing entries. Upon completion, students should be able to use a computer accounting package to solve accounting problems.

Prerequisites: Take One: ACC 115 or ACC 120

ACC 220. Intermediate Accounting I. 4.0 Credits. Class-3.0. Clinical-0.0. Lab-2.0. Work-0.0

This course is a continuation of the study of accounting principles with in-depth coverage of theoretical concepts and financial statements. Topics include generally accepted accounting principles and extensive analysis of balance sheet components. Upon completion, students should be able to demonstrate competence in the conceptual framework underlying financial accounting, including the application of financial standards.

Prerequisites: Take ACC 120 and ACC 121

ACC 221. Intermediate Accounting II. 4.0 Credits. Class-3.0. Clinical-0.0. Lab-2.0. Work-0.0

This course is a continuation of ACC 220. Emphasis is placed on special problems which may include leases, bonds, investments, ratio analyses, present value applications, accounting changes, and corrections. Upon completion, students should be able to demonstrate an understanding of the principles involved and display an analytical problem-solving ability for the topics covered.

Prerequisites: Take ACC 220 Minimum grade C

ACC 225. Cost Accounting. 3.0 Credits. Class-3.0. Clinical-0.0. Lab-0.0. Work-0.0

This course introduces the nature and purposes of cost accounting as an information system for planning and control. Topics include direct materials, direct labor, factory overhead, process, job order, and standard cost systems. Upon completion, students should be able to demonstrate an understanding of the principles involved and display an analytical problem-solving ability for the topics covered.

Prerequisites: Take ACC 121 Minimum grade C

ACC 240. Gov & Not-For-Profit Acct. 3.0 Credits. Class-3.0. Clinical-0.0. Lab-0.0. Work-0.0

This course introduces principles and procedures applicable to governmental and not-for-profit organizations. Emphasis is placed on various budgetary accounting procedures and fund accounting. Upon completion, students should be able to demonstrate an understanding of the principles involved and display an analytical problem-solving ability for the topics covered.

Prerequisites: Take ACC 121 Minimum grade C

ACC 250. Advanced Accounting. 3.0 Credits. Class-3.0. Clinical-0.0. Lab-0.0. Work-0.0

This course is designed to analyze the special accounting issues, which may include business combinations, partnerships, international accounting, estates, and trusts. Emphasis is placed on analyzing transactions and preparing working papers and financial statements. Upon completion, students should be able to solve a wide variety of problems by advanced application of accounting principles and procedures.

Prerequisites: Take ACC 220 Minimum grade C

ACC 269. Auditing & Assurance Services. 3.0 Credits. Class-3.0. Clinical-0.0. Lab-0.0. Work-0.0

This course introduces selected topics pertaining to the objectives, theory and practices in engagements providing auditing and other assurance services. Topics include planning, conducting and reporting, with emphasis on the related professional ethics and standards. Upon completion, students should be able to demonstrate an understanding of the types of professional services, the related professional standards, and engagement methodology.

Prerequisites: Take ACC 220 Minimum grade C

ACC 270. International Accounting. 3.0 Credits. Class-3.0. Clinical-0.0. Lab-0.0. Work-0.0

This course includes identifying, recording, and interpreting financial information for accounting systems used in different countries. Topics include currency exchange rates, methods of setting and selecting transfer prices, practices used to account for rates of inflation, and major types of taxes. Upon completion, students should be able to describe accounting systems and their impacts on different currencies and demonstrate a basic knowledge of international accounting. This course is a unique concentration requirement in the international business concentration in the business administration program.

Prerequisites: Take ACC 120