Black Hawk College Catalog – 2014
Page 148
Course Descriptions Courses listed in this catalog are those Black Hawk College plans to offer. Inclusion of a course description does not obligate the College to offer the course in any particular semester. Students should review the appropriate class schedule each semester for specific and current course offerings.
Classification of Courses Lecture hours per week refer to the normal number of 50 minute class meetings or equivalent for which the class meets each week during the semester. Lab hours per week refer to the normal number of 50 minute class meetings or equivalent for which the class meets in a laboratory setting each week during a 16-week semester.
Accounting
domestic and international settings, classification and analysis of costs (product, period, variable, fixed, mixed, opportunity, sunk and differential), costing systems (joborder, process, activity-based, variable, absorption, standard, just-in-time) cost-volume-profit relationships, break-even analysis, preparation and analysis of budgets (master budget with supporting schedules, flexible budget), standard costs and variance analysis, preparation and analysis of financial statements (pro forma Income Statement, pro forma Balance Sheet, and Statement of Cash Flows), and analysis of financial statements (vertical, horizontal, and ratio). IAI: BUS 904
ACCT 101 Financial Accounting 3 cr. hrs.; 3 lecture hours; 0 lab hours per week. Prerequisites: Eligibility to enroll in MATH 112 or instructor consent. Concurrent enrollment in ACCT 103 or ACCT 103 “C” or better. Introductory course for the study of financial accounting principles that presents accounting as an information system used to analyze, record, and communicate financial information about business performance. Emphasis is on understanding and applying basic accounting principles and concepts guiding the reporting of business transactions for service and merchandising enterprises. Topics covered include the accounting cycle (transaction analysis, accruals and deferrals, preparation of financial statements including the income statement, statement of stockholders’ equity, balance sheet, and statement of cash flows, and the closing process); internal controls, cash, recording and valuation of current and long-term receivables; merchandise inventory including perpetual and periodic systems and inventory valuation methods; long-term assets including property, plant, and equipment, natural resources, and intangible assets; cost allocation methods related to long-term assets including depreciation, depletion, and amortization; current liabilities (accounts payable, unearned revenues, and short-term notes payable); long-term liabilities (notes and bonds payable and related interest expense); contingent liabilities; and stockholders’ equity including retained earnings and paid-in capital. IAI: BUS 903 ACCT 102 Managerial Accounting 3 cr. hrs.; 3 lecture hours; 0 lab hours per week. Prerequisites: ACCT 101 “C” or better or BA 170 and BA 180 “C” or better. Concurrent enrollment in ACCT 104 or ACCT 104 “C” or better. An introductory course for the study of managerial accounting principles that presents managerial accounting as an information system used by managers for planning, controlling and directing business operations in domestic and international manufacturing and service environments. Emphasis is on understanding and applying common managerial accounting practices and decision-making techniques that support the achievement of an organization’s financial goals and objectives. Topics covered include the role of managerial accounting in
ACCT 103 Financial Accounting Lab 1 cr. hr.; 0 lecture hours; 2 lab hours per week. Prerequisite: Concurrent enrollment in ACCT 101 or ACCT 101 “C” or better. An introductory course which provides a computerized learning environment to support the study of financial accounting principles that presents accounting as an information system used to analyze, record, and communicate financial information about business performance. Emphasis is on understanding and applying basic accounting principles and concepts guiding the reporting of business transactions for service and merchandising enterprises. Topics covered include the accounting cycle (transaction analysis, accruals, and deferrals, preparation of financial statements including the income statement, statement of stockholders’ equity, balance sheet, and statement of cash flow, the closing process); internal controls; cash; recording and valuation of current and long-term receivables; merchandise inventory including perpetual and periodic systems and inventory valuation methods; long-term assets including property, plant, and equipment, natural resources, and intangible assets; cost allocation methods related to longterm assets including depreciation, depletion, and amortization; current liabilities (accounts payable, unearned revenues, and short-term notes payable); longterm liabilities (notes and bonds payable and related interest expense); contingent liabilities; and stockholders; equity including retained earnings and paid-in capital. IAI: BUS 903