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Beginning accounting fundamentals including journalizing, posting, financial statements and an introduction to payroll. Computerized accounting software used. Transfer limited. Prerequisite: Minimum placement into EAP 121 or BRDGE 093.
Introduce contracts and the legal forms of business; the Uniform Commercial Code, Articles 2, 3, 5, 7 and 9; review Anti-Trust and other credit regulations; secured transactions including liens, bond claims; arbitration/mediation; court actions, bankruptcy, management reports, and international trade. Prerequisite: BUS 162 or instructor's permission. Offered through the National Association of Credit Management (NACM) in partnership with Edmonds Community College. To register, contact the NACM at (206)728-6333.
Theory of asset, liability, and stockholders' equity accounts; construction of financial statements (was ACCT 201). Prerequisite: ACCT 101, high school bookkeeping or instructor's permission and minimum placement in EAP 121 or BRDGE 093.
Examine a number of complex accounting topics involving assets, liabilities, and equity accounts. Includes study of bonds, financial statement analysis, stocks, and statement of cash flows (was ACCT 202). Prerequisite: Grade of 2.0 or higher in ACCT& 201 (was ACCT 201) and minimum placement into EAP 121 or BRDGE 091.
Conceptual understanding of managerial and cost accounting concepts applicable to all forms of businesses. Topics include cost systems, cost behavior, CVP analysis, budgeting and control, and developing information for decision-making (was ACCT 203). Prerequisite: A grade of 2.0 or higher in ACCT& 201 (was ACCT 201).
Overview of the taxation of individuals. Emphasis on practical forms preparation and dealing with the most frequently encountered issues in taxation. Computer application. Prerequisite: ACCT 101 and minimum placement into EAP 121 or BRDGE 093.
Interview and assist clients with preparation of individual federal tax return. Prepare tax returns for the public. A Volunteer Income Tax Assistance (VITA) comprehensive exam included in cost of course. S/U grade only. Prerequisite: Recommend ACCT 214 or equivalent or instructor's permission. Concurrent enrollment in BUS 291 required if using course to satisfy internship requirement.
Various aspects of federal, state and local payroll taxes levied upon business. Practical case experience in preparing payroll, payroll records and quarterly tax returns. Computerized practice set. Prerequisite: ACCT 101 or instructor's permission.
Study of student-selected project or approved experiences in the field of accounting. S/U grade option. Prerequisite: Instructor's permission. Registration permitted first seven weeks as space is available. Variable credit range shown; departmental advising is needed.
