Description:

This course is designed as a capstone experience before entering the workplace. Students will maintain a complete set of books and related financial statements both manually and electronically through an accounting cycle. Students will use previously prepared financial statements to make informed judgments and solve problems, identify and apply ethical positions and effectively communicate this information to others both orally and in writing.

Supplies: Refer to the instructor’s course syllabus for details about any supplies that may be required.

Textbook(s): For information see - http://bookstore.jccc.net

Course Fees: NONE

Course Objectives:

Upon successful completion of this course the student should be able to:

1. Process accounting data manually and electronically.
2. Use accounting information to solve problems and make informed financial and managerial decisions.
3. Apply ethical considerations in an accounting environment.
4. Communicate accounting information orally and in writing.

Content Outline & Competencies:

I. Processing Accounting Data
   A. Create and maintain a chart of accounts in a general ledger system.
   B. Journalize business transactions.
   C. Post journal entries to the appropriate accounts.
   D. Create and maintain subsidiary ledgers.
   E. Journalize the necessary adjustments at the end of an accounting
period.
   F. Create a complete set of financial statements.
   G. Journalize the closing entries.
   H. Post the closing journal entries to the appropriate accounts.
   I. Prepare the ledgers for the new accounting period.
   J. Create supplementary accounting reports.

II. Using Accounting Information
   A. Assess financial position, profitability and cash position.
   B. Solve problems relating to cash availability, receivables,
inventories, long-term assets, other asserts and liabilities.
   C. Analyze and assess financing alternatives regarding liabilities
including notes, bonds and leases and equity securities.
   D. Use ratio analysis, common-size statements and trend analysis.
   E. Evaluate cost-volume profit data.
   F. Evaluate variance information.
   G. Evaluate tax considerations as they relate to business operations.

III. Application of Ethical Considerations in Accounting
   A. Apply a logical process to form an ethical position.
   B. Develop arguments as they apply on ethical issues.
   C. Assess the impact of ethical decisions on accounting information.

IV. Communicating Accounting Information
   A. Read accurately or critically all types of accounting reports and
documents.
   B. Write organized and coherent memos, letters and reports.
   C. Speak in support of ideas and opinions regarding accounting
information.
   D. Listen effectively to facilitate the communication of pertinent
accounting data.

Methods of Evaluation of Competencies:

Evaluation of student mastery of course competencies will be accomplished using the following methods:

Minimum of one exam
Evaluation of classroom discussion participation
Evaluation of homework assignments
Evaluation of required projects

Grade Criteria:
 90 - 100% = A
 80 -  89% = B
 70 -  79% = C
 60 -  69% = D
  0 -  59% = F

Caveats:

1. Student may need to be able to use the computer lab to complete the computer projects.

Disabilities:

If you are a student with a disability, and if you will be requesting accommodations, it is your responsibility to contact Access Services. Access Services will recommend any appropriate accommodations to your professor and his/her director. The professor and director will identify for you which accommodations will be arranged.

JCCC provides a range of services to allow persons with disabilities to participate in educational programs and activities. If you desire support services, contact the office of Access Services for Students With Disabilities (913) 469-8500, ext. 3521 or TDD (913) 469-3885. The Access Services office is located in the Success Center on the second floor of the Student Center.