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Huntington Junior College Accounting

AC 101 Principles of Accounting I/4
Presents the basic structure of accounting. Emphasis is placed on recording, classifying, and summarizing accounting information. Attention is given to procedures related to clerical work, such as payroll, bank reconciliation and journalizing, general ledger posting, and financial statement preparation.

AC 102 Principles of Accounting II/4
Studies accounting for notes, interest, inventory, prepaid expenses, and plant assets. Emphasis is placed on accrual basis accounting applied to a medium-sized business.
Prerequisite: AC 101

AC 103 Principles of Accounting III/4
Studies the nature and formation of corporations, including classes of stock, stock subscriptions, dividends, intangibles, and bonds. Presents an introduction to Cost Accounting. Statements of cash flow are introduced.
Prerequisite: AC 102

AC 200 Automated Accounting Procedures I/4 (30-30)
Enhances the studentís understanding of accounting applications through the use of computerized accounting software. Involves establishing chart of accounts, customer files, vendor files, sales, purchase orders, banking, employee payroll and reports with graphs.
Prerequisite: AC 102

AC 201 Payroll Accounting/4
Presents the basic elements of a payroll system. Maintaining modern payroll records and accounting for wages and salaries, social security, federal unemployment, and withholding taxes are practiced.
Prerequisite: AC 101

AC 202 Federal Taxation I/4
Involves a practical study of income taxes, recognition of income and deductions, capital gains and losses of individuals, withholding, and instructions in completing individual tax returns.
Prerequisite: AC 102

AC 203 Federal Taxation II/4
Involves study and completion of business tax returns: proprietorship, partnership, and corporation. Tax research is introduced.
Prerequisite: AC 103

AC 204 Intermediate Accounting I/4
Presents fundamental principles including financial statements, working capital items, investments, receivables, plant and equipment, intangibles, and analytical procedures.
Prerequisite: AC 103

AC 205 Intermediate Accounting II/4
Continues the presentation of fundamental principles of liabilities, ownerís equity and analytical procedures.
Prerequisite: AC 103

AC 209 Automated Accounting II/4 (30-30)
Continues the usage of computerized accounting software. Involves accounting for small businesses, service companies, merchandising corporations, inventory corporate payroll, bad debts, budgets, income tax reports and closing accounts.
Prerequisite: AC 103 & AC 200