Accounting Course Descriptions

Number sequencing next to course name means the following: first digit designates the number of lecture hours for the course; the second digit designates the number of lab, clinic or practicum hours; and the third digit designates the credit hours for the course.

ACCT 101C Accounting I 3-0-3
An introduction to accounting procedures and principles covering the accounting cycle, accounting for a merchandising business, special journals, control over cash, receivables, and inventories. A grade of "C-" or higher must be achieved to continue with the next accounting course.

ACCT 102C Accounting II 3-0-3
A continuation of the fundamentals of accounting concepts and procedures, including the following topics: depreciation, payroll, notes payable, bonds, partnerships and corporations. A grade of "C-" or higher must be achieved to continue with the next accounting course. (Prerequisite: a grade of C- or better in ACCT 101C.)

ACCT 110C Managerial Accounting 3-0-3
A study of the analysis, reporting and use of accounting data as a management tool for planning, control and decision making.  Specific areas of study include break-even analysis, financial statement analysis, cost classification and allocation, standard costing and variance analysis, and budgeting. (Prerequisite: ACCT 102C.)

ACCT 205C Intermediate Accounting I 4-0-4
A review of the overall accounting cycle, followed by an in-depth study of accounting concepts and FASB statements dealing with topics to include balance sheets, income statements, receivables, inventories, and cash flows. (Prerequisite: ACCT 102C.)

ACCT 206C Intermediate Accounting II 4-0-4
A study of accounting principles dealing with asset acquisition and retirements, long term investments, current and contingent liabilities, debt securities and equity securities, capital structure of corporations, revenue recognition, and leases. (Prerequisite: ACCT 205C.)

ACCT 230 Taxes 4-0-4
A study of the Internal Revenue Tax Code as it relates to individuals and small businesses. This course will include an examination of income recognition, deductions for and from AGI, tax credits, depreciation calculations and analysis of capital gains and losses. The student will apply this knowledge in preparation of income tax returns and related forms. (Prerequisite: ACCT 102C or permission of department chair of Accounting.)

ACCT 250C Cost Accounting 3-0-3
Provides cost accounting fundamentals including manufacturing statements, job cost systems, process cost systems, standard costs and cost analysis. (Prerequisite: ACCT 102C.)

31 College Drive
Concord, NH 03301
(603) 230-4011