Associate in Applied Science Degree

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Students are prepared for employment in general accounting and cost accounting positions - including positions requiring microcomputer skills - in business, government, and non-profit institutions, and are provided with sufficient knowledge to assume financial management positions after a reasonable training period with an organization or institution. In addition, MVCC accounting graduates have excellent success in transferring their credits to four-year institutions, and find the Accounting program a sound basis for further education in the field. One High School Mathematics Course or its equivalent is required.

Goal 1 To prepare the students to enter the field of accounting or transfer to a higher education institution

  • Graduates seeking a job secures a position in the field or seeks further education transfer to a higher education institution

Goal 2 To prepare the students to interact effectively within a diverse business population

  • Students will interact effectively within a diverse student population by completing collaborative projects
  • The student will demonstrate an awareness of global economic, social, and environmental developments

Goal 3 To prepare the student to communicate effectively

  • Students will communicate appropriately with instructors and peers in classroom assignments and projects

Goal 4 To train students to solve problems specific to accounting

  • Students will demonstrate the use of computers as a problem solving tool
  • Students shall analyze and solve accounting problems

Goal 5 To introduce students to a variety of international business scenarios

  • Students will demonstrate an understanding of world-wide issues related to business

Goal 6 To have students understand that business decisions are based on systematic processes such as accounting systems, MIS, and the economic way of thinking

  • Students will be able to summarize, report, and interpret financial data
  • Students will solve accounting problems using appropriate methods and principles

Goal 7 To prepare students to demonstrate information literacy

  • Students will use traditional and contemporary information technology
  • Students will identify, access, and appropriately use authoritative sources of information

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Total Credit Hours: 62

First Semester

This course is an opportunity for students to develop the skills necessary to be successful in college. Students learn the importance of the faculty-student and advisor-advisee relationship, develop time management techniques, apply effective study skill techniques, recognize the implications of living in a diverse society, utilize college resources, and explore career and transfer requirements. Collaborative projects are included. Students matriculated in a degree program must take this course in their first term of study.

This course is the first of a sequence that explores fundamental accounting principles, concepts, and practices as a basis for the preparation, understanding, and interpretation of accounting information. It covers the complete accounting cycle for service and merchandising businesses through the adjustment and closing of the books and the preparation of the income statement, the statement of owner equity, and the balance sheet. The details of accounting for cash, receivables, inventory, long-lived assets, and current liabilities are investigated.

This basic law course investigates the application of law to societal and business relationships through a study of the concept of commercial law and its sources, the law of contracts, the law of sales, and the law of negotiable instruments. Lecture, class discussion, and case study comprise the primary methods of instruction In the effort to develop awareness of the logic and application of the law.

Social Science Electives includes: Any General Education Social Science course Excluding BM101 Survey of Economics.

EN101 English 1: Composition C-3 Cr-3

This course focuses on several kinds of writing-self-expressive, informative, and argumentative/persuasive, and others. A minimum of five essay compositions are required. The course emphasizes the composition of clear, correct, and effective prose required in a variety of professions and occupations.Prerequisites: The required developmental reading (DS051 Essential Reading & Study Skills, or SL115 ESL4: Advanced Reading), and/or writing courses (EN099 Introduction to College English or SL116 ESL4: Advanced Composition) or permission of the instructor or designee.

This course provides knowledge of relevant computer skills and a solid foundation in the terminology and concepts of computer technology. Experience is provided with a variety of microcomputer software applications, including word processing, electronic spreadsheets, graphics, file management, and integrated software. Concepts and terms focus on preparing for a technologically oriented society and using the computer as a tool for productivity, research, and communication.

Second Semester

This course is the second of a sequence that explores fundamental accounting principles, concepts, and practices as a basis for the preparation, understanding, and interpretation of accounting information. It covers corporate equity (including the statement of retained earnings), long-term debt, time-value concepts, capital budgeting, cost-volume-profit analysis, and financial statement analysis. Prerequisite: AC115 Financial Accounting.

This course studies the theory and operation of the economy and how government attempts to achieve domestic and international economic goals using monetary and fiscal policies. Topics include are: the nature of economics, the economizing problem, capitalism and the circular-flow, overview of the public sector, measuring output and income, macroeconomic instability, aggregate demand and supply, Keynesian employment theory, fiscal policy and its applications, money, banking, and monetary policy applications, and international trade and finance.

This course encourages a deeper understanding of human nature and the human condition through the study of ideas and values expressed in imaginative literature. Emphasis is placed on the use and development of critical thinking and language skills. Library-oriented research is required. Prerequisite: EN101 English 1: Composition or EN106 English 1: Composition and Reading.

This course expands the knowledge of those already familiar with the basic elements of electronic spreadsheets. It examines the various uses for a spreadsheet in business. Intermediate and advanced spreadsheet techniques are examined, including the power of functions, formatting, analytical graphics, and macros. Prerequisites: IS101 Computers and Society or IS100 Introduction to Computers and Society; and a Mathematics Placement test result appropriate for MA110 Elementary Statistics or MA115 Intermediate Mathematics.

If the student has sufficient background, the student may select any higher level mathematics course. MA108, MA110, and MA171 are not acceptable.

Take any Physical Education Course

Third Semester

This course uses a variety of standard computerized business systems such as general ledger, purchasing, accounts payable, inventory, payroll, cash receipts, and accounts receivable to enter, process and store data in operational-level transaction processing. Prerequisites: AC115 Financial Accounting and either IS101 Computers and Society or IS102 Computer Applications & Concepts 2 or IS100 Introduction to Computers and Society.

This course develops the role of the finance function and financial decision-making as it relates to the entire business organization. It stresses the financial planning of the requirements for funds, the effective acquisition of these funds (from internal sources and from capital markets), and the control of the use of these funds within the business. Prerequisite: AC116 Managerial Accounting.

This course covers the effective development, presentation, and analysis of data. Topics include job process costing, cost allocation, joint product costing, and standard cost accounting, variance analysis, relevant costing and responsibility accounting. Prerequisite: AC116 Managerial Accounting.

This course studies the behavior of the individual and firm in allocating resources in a market system under various the degrees of competition. Topics include the nature of economics, scarcity choice, market pricing and applications, theory of consumer choice, business cost measurement, forms of competition, antitrust and regulations of business, factor pricing, externalities, and pollution. Poverty-income distribution, labor economics, or agricultural economics may also be discussed.

Select a course from the General Education Natural Science list

Take any Physical Education Course

Fourth Semester

This course is a continued study of the accounting process and the application of the conceptual framework for generally accepted accounting principles (GAAP). Topics include the accounting cycle; revenue recognition; financial statement preparation; time value of money applications; and cash, receivables and inventory valuation. Intangibles and plant assets with depreciation, impairments, and depletion are also covered. Prerequisite: AC116 Managerial Accounting.

This course introduces probability and statistics. Topics include graphs, tables, frequency distributions, measures of central tendency and dispersion, normal distribution, correlation and regression, probability, and inferential statistics. This course is available in two formats: lecture only, or lecture plus laboratory using technology. Prerequisite: An appropriate placement test result or MA090 Essential Math Skills or MA 091 Introductory Algebra, or MA096 Mathematical Literacy.

Any AC, BM, or IS course other than those already required in the program EXCEPT: AC105, BM100, BM101, or IS100. BM294 Business Internship substitutes for two business electives.

Any AC, BM, or IS course other than those already required in the program EXCEPT: AC105, BM100, BM101, or IS100. BM294 Business Internship substitutes for two business electives.

Take any Physical Education Course

If the student has sufficient background, the student may select any higher level mathematics course. MA108, MA110, and MA171 are not acceptable.

(a) Social Science Electives includes: Any General Education Social Science course Excluding BM101 Survey of Economics.

(b) Program Electives includes: Any AC, BM, or IS course other than those already required in the program EXCEPT AC110, BM100, BM101, or IS100. BM294 Business Internship substitutes for two business electives. CI142 Computer Forensics is also acceptable as a three-credit business elective.