Accounting

This course presents accounting as an information system that produces summary financial statements primarily for users external to a business enterprise organized as a corporation. Students study the forms of business organization and the common transactions entered into by businesses. The emphasis is on understanding and applying basic accounting principles and other concepts that guide the reporting of the effect of transactions and other economic events on the financial condition and operating results of a corporation. The procedures of how to analyze and interpret historical financial statements as well and the limitations of using these in making forward-looking business decisions is included. The primary content emphasis will be accounting for current assets and liabilities long-term assets and liabilities corporations cash flow statements and financial statement analyses.

Prerequisite: None
Semester Hour(s): 4 hour(s)
Lecture / Lab Hours: 4 lec/week
Illinois Articulation Initiative (IAI): BUS 903

This course presents accounting as a system of producing information for use in internally managing a business. The course emphasizes the identification accumulation and interpretation of information for planning controlling and evaluating the performance of the separate components of a business. Included is the identification and measurement of the costs of producing goods or services and how to analyze and control these costs. Decision models commonly used in making specific short-term and long-term business decisions also are included.

Prerequisite: ACC 101
Semester Hour(s): 4 hour(s)
Lecture / Lab Hours: 4 lec/week
Illinois Articulation Initiative (IAI): BUS 904

This course provides an in-depth analysis of the theory concepts and procedures underlying the preparation of external financial accounting statements and reports for corporate organizations. Accounting principles and concepts are analyzed and developed from a theoretical conceptual and historical environment and are then applied to specific business transaction and decision situations. Topical coverage includes review of the financial accounting process statements of income retained earnings cash flows and balance sheet time value of money concepts cash and receivables valuation of inventories acquisition and disposition of property plant and equipment depreciation and depletion and intangible assets.

Prerequisite: ACC 102
Semester Hour(s): 4 hour(s)
Lecture / Lab Hours: 4 lec/week

This course a continuation of Intermediate Accounting I provides an in-depth analysis of the theory concepts and procedures underlying the preparation of external financial statements and reports for corporate organizations. Accounting principles and concepts are analyzed developed and then applied to specific business decision situations. A thorough examination of long-term liabilities stockholders equity accounting changes financial analysis and financial reporting through both manual and automated accounting systems is developed.

Prerequisite: ACC 201
Semester Hour(s): 4 hour(s)
Lecture / Lab Hours: 4 lec/week

A study of managerial and cost accounting concepts in planning control and decision-making. Topics include product costing cost drivers cost-volume-profit analysis activity based costing budgets standard costs just-in-time applications and capital budgeting issues.

Prerequisite: ACC 102
Semester Hour(s): 3 hour(s)
Lecture / Lab Hours: 3 lec/week

This course provides an introductory study of the current federal revenue acts as they relate primarily to individual income tax theory and practice. Topical coverage includes the individual income tax return gross income inclusions and exclusions business expenses and retirement plans self-employed and employee expenses itemized and other deductions credits and special taxes accounting periods accounting methods depreciation capital gains and losses and payroll taxes. In addition to individual income tax theory and practice an overview of partnership and taxation corporate taxation and tax administration and planning is provided.

Prerequisite: ACC 101
Semester Hour(s): 3 hour(s)
Lecture / Lab Hours: 3 lec/week

Accounting Information Systems examines the relationships and distinctions between accounting information systems AIS and the total management information system MIS environment with major emphasis on computerized AIS. The AIS course will explore in detail several typical AIS application sub-systems such as a order entrysales b billingreceivablescash receipts c inventory d purchasingpayablescash disbursements e payroll and f materials planningproduction. Major themes throughout the AIS course will focus upon a oral and written communication b objectives and procedures of internal control typical business documents and reports d proper systems documentation through charting devices and e systems analysis and design methodologies. Additional specific AIS themes to be explored include a The impact of emerging information technologies on the AIS and related systems b The implications of business process re-engineering initiatives on AIS design implementation and management and c Preparing to be as an accountant an effective user evaluator and developer of accounting information systems.

Prerequisite: ACC 102
Semester Hour(s): 3 hour(s)
Lecture / Lab Hours: 3 lec/week.

This course covers the basic accounting concepts and issues associated with non-profit and governmental organizations. The primary focus is on municipal accounting applications funds governmental activities and business-type activities.

Prerequisite: ACC 102
Semester Hour(s): 3 hour(s)
Lecture / Lab Hours: 3 lec/week

Introduction to Business provides a foundation of knowledge in business including an understanding of the basic processes of marketing finance production accounting information technology human resource management and the relationships of business to our society and government and the global economy.

Prerequisite: None
Semester Hour(s): 3 hour(s)
Lecture / Lab Hours: 3 lec/week

The legal environment law course is an introductory course to law and the judicial system. Topics covered in the course include federal law securities employment labor relations social environment laws product liability and consumer protection.

Prerequisite: None
Semester Hour(s): 3 hour(s)
Lecture / Lab Hours: 3 lec/week

A seminar designed to complement the students initial placement in an approved working situation. Instructor approval required for enrollment.

Prerequisite: Completion of 12 hours in major field courses. Concurrent enrollment in BUS 235.
Semester Hour(s): 1 hour(s)
Lecture / Lab Hours: 1 lec/week

An occupational experience utilizing on-the-job training. All students are required to spend a minimum of 15 hours each week on the job. Instructor approval required for enrollment

Prerequisite: Concurrent enrollment in BUS 231.
Semester Hour(s): 3 hour(s)
Lecture / Lab Hours: 15 hours internship/week

This introductory course is designed to acquaint the student with the process of using personal computers to solve spreadsheet problems. In addition to providing the student with a working knowledge of the basic and advanced capabilities of spreadsheet software the student will be exposed to the use of problem-solving techniques for situations in which spreadsheet solutions are appropriate.

Prerequisite: CIS 109 or consent of instructor
Semester Hour(s): 3 hour(s)
Lecture / Lab Hours: 2 lec/2 lab/week

This introductory course consists of the study ofcomputer hardware software operating systems communications networking Internet systems and program development life cycles and their role in business decision making. The use of Internet multimedia security and ethics will be emphasized throughout the course. In addition laboratory experience will be gained with a survey of Microsoft Windows and business computer software applications programs in word processing electronic spreadsheets database management presentation graphics and Internet.

Prerequisite: None. Students having no experience with computers are encouraged to first take CIS 100-Keyboarding
Semester Hour(s): 3 hour(s)
Lecture / Lab Hours: 2 lec/2 lab/week
Illinois Articulation Initiative (IAI): BUS 902

This course covers small business accounting using computer software. Topics include creating a chart of accounts recording customer and vendor transactions processing payroll and printing reports. In addition setting up a new company is covered as well as advanced topics such as exporting to spreadsheet software.

Prerequisite: None. (Recommend CIS 109 and ACC 101)
Semester Hour(s): 2 hour(s)
Lecture / Lab Hours: 2 lec/week

The focus of this course is how to be successful in college. Study skills goal setting academic planning time and money management and information research skills are among the core topics included in this course. Within a supportive environment students will share their college experiences and develop connections with fellow students and SVCC staff.

Prerequisite: None
Semester Hour(s): 1 hour(s)
Lecture / Lab Hours: 1 lec/week

This course presents accounting as an information system that produces summary financial statements primarily for users external to a business enterprise organized as a corporation. Students study the forms of business organization and the common transactions entered into by businesses. The emphasis is on understanding and applying basic accounting principles and other concepts that guide the reporting of the effect of transactions and other economic events on the financial condition and operating results of a corporation. The procedures of how to analyze and interpret historical financial statements as well and the limitations of using these in making forward-looking business decisions is included. The primary content emphasis will be accounting for current assets and liabilities long-term assets and liabilities corporations cash flow statements and financial statement analyses.

Prerequisite: None
Semester Hour(s): 4 hour(s)
Lecture / Lab Hours: 4 lec/week
Illinois Articulation Initiative (IAI): BUS 903

Introduction to Business provides a foundation of knowledge in business including an understanding of the basic processes of marketing finance production accounting information technology human resource management and the relationships of business to our society and government and the global economy.

Prerequisite: None
Semester Hour(s): 3 hour(s)
Lecture / Lab Hours: 3 lec/week

This introductory course consists of the study ofcomputer hardware software operating systems communications networking Internet systems and program development life cycles and their role in business decision making. The use of Internet multimedia security and ethics will be emphasized throughout the course. In addition laboratory experience will be gained with a survey of Microsoft Windows and business computer software applications programs in word processing electronic spreadsheets database management presentation graphics and Internet.

Prerequisite: None. Students having no experience with computers are encouraged to first take CIS 100-Keyboarding
Semester Hour(s): 3 hour(s)
Lecture / Lab Hours: 2 lec/2 lab/week
Illinois Articulation Initiative (IAI): BUS 902

This course 1 develops awareness of the writing process 2 provides inventional organizational and editorial strategies 3 stresses the variety of uses for writing and 4 emphasizes critical skills in reading thinking and writing.

Prerequisite: Required placement score on approved English placement test, high school unweighted GPA of 3.0 or higher, or a grade of C or higher in ELA 099.
Semester Hour(s): 3 hour(s)
Lecture / Lab Hours: 3 lec/week
Illinois Articulation Initiative (IAI): C1 900

The focus of this course is how to be successful in college. Study skills goal setting academic planning time and money management and information research skills are among the core topics included in this course. Within a supportive environment students will share their college experiences and develop connections with fellow students and SVCC staff.

Prerequisite: None
Semester Hour(s): 1 hour(s)
Lecture / Lab Hours: 1 lec/week

This course presents accounting as a system of producing information for use in internally managing a business. The course emphasizes the identification accumulation and interpretation of information for planning controlling and evaluating the performance of the separate components of a business. Included is the identification and measurement of the costs of producing goods or services and how to analyze and control these costs. Decision models commonly used in making specific short-term and long-term business decisions also are included.

Prerequisite: ACC 101
Semester Hour(s): 4 hour(s)
Lecture / Lab Hours: 4 lec/week
Illinois Articulation Initiative (IAI): BUS 904

The legal environment law course is an introductory course to law and the judicial system. Topics covered in the course include federal law securities employment labor relations social environment laws product liability and consumer protection.

Prerequisite: None
Semester Hour(s): 3 hour(s)
Lecture / Lab Hours: 3 lec/week

This introductory course is designed to acquaint the student with the process of using personal computers to solve spreadsheet problems. In addition to providing the student with a working knowledge of the basic and advanced capabilities of spreadsheet software the student will be exposed to the use of problem-solving techniques for situations in which spreadsheet solutions are appropriate.

Prerequisite: CIS 109 or consent of instructor
Semester Hour(s): 3 hour(s)
Lecture / Lab Hours: 2 lec/2 lab/week

The oral communication course combines communication theory with the practice of oral communication skills. The course 1 develops awareness of the communication process 2 provides inventional organizational and expressive strategies 3 promotes understanding of and adaptation to a variety of communication contexts and 4 emphasizes critical skills in listening reading thinking and speaking.

Prerequisite: None
Semester Hour(s): 3 hour(s)
Lecture / Lab Hours: 3 lec/week
Illinois Articulation Initiative (IAI): C2 900

An advanced course in essay writing with emphasis on formal research ENG 103 serves to develop a proficiency in the collection and selection of data as applied to the completion of a formal research paper. In addition students receive instruction in logic and reasoning including the fundamentals of argumentative and persuasive writing.

Prerequisite: A grade of C or higher in ENG 101 or its equivalent or consent of instructor.
Semester Hour(s): 3 hour(s)
Lecture / Lab Hours: 3 lec/week
Illinois Articulation Initiative (IAI): C1 901R

Provides information on principles of written and oral communication specifically applied to business and technical fields. Assignments are designed to develop skill and practice in the use of these principles and include the writing of memoranda business letters instructions informal reports and formal reports. Students are encouraged to tailor assignments to the specific careers they are pursuing. Not applicable for humanities requirement.

Prerequisite: ENG 101 with a grade of C or higher. Because of emphasis on graphics and computer formatting, students are advised to complete CIS 109 or IND 105 or to have equivalent word processing skills.
Semester Hour(s): 3 hour(s)
Lecture / Lab Hours: 3 lec/week

This course provides an in-depth analysis of the theory concepts and procedures underlying the preparation of external financial accounting statements and reports for corporate organizations. Accounting principles and concepts are analyzed and developed from a theoretical conceptual and historical environment and are then applied to specific business transaction and decision situations. Topical coverage includes review of the financial accounting process statements of income retained earnings cash flows and balance sheet time value of money concepts cash and receivables valuation of inventories acquisition and disposition of property plant and equipment depreciation and depletion and intangible assets.

Prerequisite: ACC 102
Semester Hour(s): 4 hour(s)
Lecture / Lab Hours: 4 lec/week

A study of managerial and cost accounting concepts in planning control and decision-making. Topics include product costing cost drivers cost-volume-profit analysis activity based costing budgets standard costs just-in-time applications and capital budgeting issues.

Prerequisite: ACC 102
Semester Hour(s): 3 hour(s)
Lecture / Lab Hours: 3 lec/week

Accounting Information Systems examines the relationships and distinctions between accounting information systems AIS and the total management information system MIS environment with major emphasis on computerized AIS. The AIS course will explore in detail several typical AIS application sub-systems such as a order entrysales b billingreceivablescash receipts c inventory d purchasingpayablescash disbursements e payroll and f materials planningproduction. Major themes throughout the AIS course will focus upon a oral and written communication b objectives and procedures of internal control typical business documents and reports d proper systems documentation through charting devices and e systems analysis and design methodologies. Additional specific AIS themes to be explored include a The impact of emerging information technologies on the AIS and related systems b The implications of business process re-engineering initiatives on AIS design implementation and management and c Preparing to be as an accountant an effective user evaluator and developer of accounting information systems.

Prerequisite: ACC 102
Semester Hour(s): 3 hour(s)
Lecture / Lab Hours: 3 lec/week.

A survey of macro-economic theory with emphasis on resource allocation in a mixed-enterprise economy. Concentration is on the operation of the market mechanism the role of government and labor international trade national income determination and accounting money and banking monetary and fiscal policy and macroeconomic fluctuations.

Prerequisite: None
Semester Hour(s): 3 hour(s)
Lecture / Lab Hours: 3/lec week
Illinois Articulation Initiative (IAI): S3 901

This course a continuation of Intermediate Accounting I provides an in-depth analysis of the theory concepts and procedures underlying the preparation of external financial statements and reports for corporate organizations. Accounting principles and concepts are analyzed developed and then applied to specific business decision situations. A thorough examination of long-term liabilities stockholders equity accounting changes financial analysis and financial reporting through both manual and automated accounting systems is developed.

Prerequisite: ACC 201
Semester Hour(s): 4 hour(s)
Lecture / Lab Hours: 4 lec/week

This course provides an introductory study of the current federal revenue acts as they relate primarily to individual income tax theory and practice. Topical coverage includes the individual income tax return gross income inclusions and exclusions business expenses and retirement plans self-employed and employee expenses itemized and other deductions credits and special taxes accounting periods accounting methods depreciation capital gains and losses and payroll taxes. In addition to individual income tax theory and practice an overview of partnership and taxation corporate taxation and tax administration and planning is provided.

Prerequisite: ACC 101
Semester Hour(s): 3 hour(s)
Lecture / Lab Hours: 3 lec/week

This course covers the basic accounting concepts and issues associated with non-profit and governmental organizations. The primary focus is on municipal accounting applications funds governmental activities and business-type activities.

Prerequisite: ACC 102
Semester Hour(s): 3 hour(s)
Lecture / Lab Hours: 3 lec/week

A seminar designed to complement the students initial placement in an approved working situation. Instructor approval required for enrollment.

Prerequisite: Completion of 12 hours in major field courses. Concurrent enrollment in BUS 235.
Semester Hour(s): 1 hour(s)
Lecture / Lab Hours: 1 lec/week

An occupational experience utilizing on-the-job training. All students are required to spend a minimum of 15 hours each week on the job. Instructor approval required for enrollment

Prerequisite: Concurrent enrollment in BUS 231.
Semester Hour(s): 3 hour(s)
Lecture / Lab Hours: 15 hours internship/week

This course covers small business accounting using computer software. Topics include creating a chart of accounts recording customer and vendor transactions processing payroll and printing reports. In addition setting up a new company is covered as well as advanced topics such as exporting to spreadsheet software.

Prerequisite: None. (Recommend CIS 109 and ACC 101)
Semester Hour(s): 2 hour(s)
Lecture / Lab Hours: 2 lec/week