I. General Information
1. Course Title:
Accounting Applications
2. Course Prefix & Number:
ACCT 2140
3. Course Credits and Contact Hours:
Credits: 3
Lecture Hours: 3
Lab Hours: 0
4. Course Description:
Students will apply various skills, knowledge and tools when analyzing and solving hands-on accounting application problems. This course will train students how to deliver timely, accurate accounting information that is relevant and essential for business making decisions.
5. Placement Tests Required:
6. Prerequisite Courses:
ACCT 2140 - Accounting Applications
There are no prerequisites for this course.
8. Prerequisite (Entry) Skills:
Students shall possess entry level knowledge and skills in both accounting and electronic spreadsheets.
9. Co-requisite Courses:
ACCT 2140 - Accounting Applications
There are no corequisites for this course.
III. Course Purpose
Program-Applicable Courses – This course fulfills a requirement for the following program(s):
Accountant, Diploma
Accounting, AAS Degree
IV. Learning Outcomes
1. College-Wide Outcomes
| College-Wide Outcomes/Competencies |
Students will be able to: |
| Assess alternative solutions to a problem |
Assess the various ways to organize and communicate accounting information and select the most effective method for the business decision(s) being made. |
| Analyze and follow a sequence of operations |
Design and create an accurate and appliable analysis to professionally provide accounting based information needed to make key business decisions. |
| Utilize appropriate technology |
Design an accounting information system to provide and create an accurate and appliable analysis to professionally provide accounting based information needed to make key business decisions. |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
- Identify what accounting information is relevant for the decision making process and demonstrate the ability to organize data for effective analysis.
- Demonstrate the ability to efficiently and effectively summarize and communicate relevant accounting information for business making decisions.
- Analyze accounting information for accuracy and reasonableness by performing proof reading and auditing procedures.
- Evaluate accounting data being presented and communicated to ensure it is free from material errors that would alter the business decisions being made.
- Analyze situational results of various business scenarios to provide hands-on experience in making data driven business decision recommendations.
- Identify accounting based principles and an order of accounting priorities that are required when determining how to appropriately enhance and add value to accounting information being communicated.
- Analyze financial and business ratio calculations, trends and benchmarks through the effective use of accounting charts and graphs.
- Successfully use tools to extract relevant decision based information from large amounts of accounting data.
- Compile, calculate and analyze financial and relevant accounting information by developing cash budgets, operating budgets and break-even analysis to define short-term borrowing needs.
- Generate financial statements, common-sized financial statements and horizontal financial analysis to communicate significant financial information to stakeholders.
- Prepare and evaluate the financial impact of; loans, investments, bond amortization and valuations, time value of money concepts and calculations, and break-even analysis.
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
- Applying Fundamental Accounting Skills and Knowledge in Accounting Applications
- How to identify relevant accounting data
- How to determine what accounting information should be summarized and communicated to support business decision making processes
- How to organize accounting data for effective analysis
- Solving Accounting Application Problems
- How to catch errors in accounting data and calculations
- How to perform reasonableness checks for accounting data accuracy
- How to calculate an organizations short-term borrowing needs through cash budget and operational budget development.
- Determining Effective Methods to Communicate Accounting Data
- How to illustrate trends in accounting information
- How to professionally communicate an organizations financial position to stakeholders
- How to effectively present accounting data to non-accounting professionals
- Evaluating the Financial Impact of Accounting Data and Analysis
- How to prepare analytical financial statements
- How to prepare common-sized financial statements
- How to perform horizontal financial analysis
- How to perform rudimentary ratio analysis
- Enhancing Business Decision Making
- How to provide data driven recommendations based on time value of money calculations and analysis
- How to calculate bond valuations and amortizations
- How to prepare a break-even analysis
- How to calculate an organizations expected total cash collections and disbursements for a particular period.
I. General Information
1. Course Title:
Accounting Applications
2. Course Prefix & Number:
ACCT 2140
3. Course Credits and Contact Hours:
Credits: 3
Lecture Hours: 3
Lab Hours: 0
4. Course Description:
Students will apply various skills, knowledge and tools when analyzing and solving hands-on accounting application problems. This course will train students how to deliver timely, accurate accounting information that is relevant and essential for business making decisions.
5. Placement Tests Required:
6. Prerequisite Courses:
ACCT 2140 - Accounting Applications
There are no prerequisites for this course.
8. Prerequisite (Entry) Skills:
Students shall possess entry level knowledge and skills in both accounting and electronic spreadsheets.
9. Co-requisite Courses:
ACCT 2140 - Accounting Applications
There are no corequisites for this course.
II. Transfer and Articulation
III. Course Purpose
1. Program-Applicable Courses – This course fulfills a requirement for the following program(s):
Accountant, Diploma
Accounting, AAS Degree
IV. Learning Outcomes
1. College-Wide Outcomes
| College-Wide Outcomes/Competencies |
Students will be able to: |
| Analyze and follow a sequence of operations |
Design and create an accurate and appliable analysis to professionally provide accounting based information needed to make key business decisions. |
| Utilize appropriate technology |
Design an accounting information system to provide and create an accurate and appliable analysis to professionally provide accounting based information needed to make key business decisions. |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
- Identify what accounting information is relevant for the decision making process and demonstrate the ability to organize data for effective analysis.
- Demonstrate the ability to efficiently and effectively summarize and communicate relevant accounting information for business making decisions.
- Analyze accounting information for accuracy and reasonableness by performing proof reading and auditing procedures.
- Evaluate accounting data being presented and communicated to ensure it is free from material errors that would alter the business decisions being made.
- Analyze situational results of various business scenarios to provide hands-on experience in making data driven business decision recommendations.
- Identify accounting based principles and an order of accounting priorities that are required when determining how to appropriately enhance and add value to accounting information being communicated.
- Analyze financial and business ratio calculations, trends and benchmarks through the effective use of accounting charts and graphs.
- Successfully use tools to extract relevant decision based information from large amounts of accounting data.
- Compile, calculate and analyze financial and relevant accounting information by developing cash budgets, operating budgets and break-even analysis to define short-term borrowing needs.
- Generate financial statements, common-sized financial statements and horizontal financial analysis to communicate significant financial information to stakeholders.
- Prepare and evaluate the financial impact of; loans, investments, bond amortization and valuations, time value of money concepts and calculations, and break-even analysis.
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
- Applying Fundamental Accounting Skills and Knowledge in Accounting Applications
- How to identify relevant accounting data
- How to determine what accounting information should be summarized and communicated to support business decision making processes
- How to organize accounting data for effective analysis
- Solving Accounting Application Problems
- How to catch errors in accounting data and calculations
- How to perform reasonableness checks for accounting data accuracy
- How to calculate an organizations short-term borrowing needs through cash budget and operational budget development.
- Determining Effective Methods to Communicate Accounting Data
- How to illustrate trends in accounting information
- How to professionally communicate an organizations financial position to stakeholders
- How to effectively present accounting data to non-accounting professionals
- Evaluating the Financial Impact of Accounting Data and Analysis
- How to prepare analytical financial statements
- How to prepare common-sized financial statements
- How to perform horizontal financial analysis
- How to perform rudimentary ratio analysis
- Enhancing Business Decision Making
- How to provide data driven recommendations based on time value of money calculations and analysis
- How to calculate bond valuations and amortizations
- How to prepare a break-even analysis
- How to calculate an organizations expected total cash collections and disbursements for a particular period.