Ozarks Technical 
Community College

This course is a continuation of ACC 120 and includes the following topics: corporate and partnership accounting,long-term assets and liabilities, financial statement analysis and manufacturing accounting.

This course covers basic accounting principles and practices and the entire accounting cycle, adjusting entries, closing entries and financial statement preparation. A corporate approach is used for service and merchandise accounting.

This course will help students develop business communication skills by composing and writing letters, memos, reports and electronic mail messages. The students will develop a writing portfolio of business documents and prepare and present oral reports. In their preparation of business communications, the students will have opportunities to use word processing software, to use computer skills in searching the Internet and sending e-mail messages and to learn useful communication practices for a career in business.

This course provides a "hands-on" use of electronic spreadsheets. Students will design, test and debug spreadsheet applications. Spreadsheet formulas, functions and formatting will be utilized. Students will enter, modify, sort and extract data, print graphs and develop macros.

Students are taught the uses of accounting information for managerial decision-making. This course provides an introduction to cost accounting and includes the following topics: costing systems, standard costing and variance analysis, budgetary control, ABC costing, variable costing, production and capital decision analysis.

This course uses QuickBooks Accounting Software. To take this course online a student must purchase the same year of QuickBooks software that is being used on campus. Upon successful completion of this course, a student will be able to use the computer software to create a chart of accounts, accounts receivable and payable subsidiary ledgers, transaction journals, general ledgers, financial statements, reports and forecasts.

Principles of income tax accounting including current laws and reporting are covered in this course. Students are provided practical experience in preparation of individual returns while introducing proprietorship, partnership and corporate taxes. This course is only offered during the fall semester.

This course is designed to prepare students to perform payroll accounting duties for small businesses. This includes preparing payroll registers, employee earnings records and required government reporting documents.

This course provides a real-world, hands-on, computerized bookkeeping learning experience. The student will be required to close the fiscal year after recording and posting payroll, purchases and sales transactions for a month’s business. The student will complete the accounting cycle, monthly, quarterly and annual state and federal government forms and reports that would be required of a small business. An analysis of the annual financial reports will be required.

This course involves supervised work experience in the major field which provides the student with the opportunity to make practical application of the knowledge and skills attained. An individualized instructional management plan will determine goals to be accomplished. Seminars may also be required.

This course provides an introduction to the origin and derivation of economic systems. This course includes a look at the structure, organization, operation, and the goals of the United States economic system. A study in basic economic principles, including the role of the government in conducting economic policies (spending and taxes), the role of the Federal Reserve in managing the supply of money, and the role of others (including households and businesses) in determining economic outcomes is included. This course prepares students for further study in economics.