Accounting
Program Description
Accounting-Associate of Applied Science
'Accounting: The One Degree with 360 Degrees of Possibilities'..." there’s one degree that gives you the education to succeed at just about anything in the business world. It’s an accounting degree. Accounting opens doors in every kind of business coast to coast." Excerpted from the American Institute of Certified Public Accountant (AICPA) pamphlet.
If this sounds like you, the accounting program at ECC can start you on this educational path by providing you the necessary skills to perform accounting functions from comparatively simple bookkeeping to financial analysis underlying management decisions. Understanding the language of business will allow you to be part of the accounting group providing a necessary function in business.
Bookkeeping-Basic Vocational Specialist
The two-year degree prepares students to meet the demands of today’s businesses or for further study of accounting. With knowledge of accounting transactions and laws, along with understanding management business decisions, you can be part of an accounting services team. To meet the bookkeeping demand of today’s businesses, the bookkeeping certificate covers the entire accounting cycle through procedural study and the manual and computerized recording of basic financial transactions. Earning an Intuit® QuickBooks® certification and MOS Excel® certification along with the degree or certificate will position you well in the
job market.
Entrance Requirements
None
Program Requirements
None
- Identify and record business transactions applying GAAP rules and principles thru the entire accounting cycle.
- Prepare basic financial statements (Income Statement, Balance Sheet, and Statement of Equity).
- Identify basic Internal Control principles and demonstrate ability to recognize weakness in the application.
- Prepare and calculate accounting schedules.
- Evaluate the business results by analyzing the financial statements and schedules.
- Compare, contrast,and interpret the financial results calculated under various accounting methods.
- Predict financial results for multiple identified alternatives.
- Use technology to manipulate and summarize information available for use in business decisions.
- Apply basic math and statistical processes and tools to common personal and business situations.
Accounting - Associate of Applied Science
| First Semester | Credit Hours | |
|---|---|---|
| ACC 100 | Introductory Accounting | 3 |
| BUS 120 | Business Mathematics or College Algebra or Finite Math for Business & Managmt or Calculus for Business/Social Science | 3-4 |
| CIS 110 | Computer Concepts & Business Appls | 3 |
| ENG 101 or BUS 101 | English Composition I or Business Communications I | 3 |
| BUS 100 | Introduction to Business | 3 |
| Total | 15-16 | |
| Second Semester | ||
| ACC 200 | Financial Accounting | 4 |
| CMS 101 | Fundamentals of Speech | 3 |
| ECN 201 | Principles of Microeconomics | 3 |
| BUS 112 or BUS 113 | Legal Environment of Business or Business Law | 3 |
| CIS 242 | Spreadsheet Applications | 2 |
| Total | 15 | |
| Third Semester | ||
| ACC 240 | Managerial Accounting | 4 |
| ACC 225 | Income Tax Accounting | 3 |
| ACC 210 | QuickBooks Online | 3 |
| ENG 102 or BUS 142 | English Composition II or Business Communications II | 3 |
| ECN 202 | Principles of Macroeconomics | 3 |
| Total | 16 | |
| Fourth Semester | ||
| ACC 221 | Payroll Accounting | 2 |
| HUM 115 | Critical Reasoning or Logic or Ethics | 3 |
| PSY 100 or SOC 100 | Intro to Psychology or Principles of Sociology | 3 |
| Accounting Electives | 6-7 | |
| Total | 14-15 | |
| Program Total | 60-62 | |
Accounting Electives
| Course | Title | Credits |
|---|---|---|
| ACC 260 | Internship in Accounting | 3 |
| ACC 245 | Cost Accounting | 3 |
| BUS 140 | Business Statistics | 3 |
| BUS 105 | Personal Finance | 4 |
| CIS 121 | Computer Science I | 4 |
| CIS 244 | Database Applications | 2 |
| CMS 210 | Interpersonal Communication | 3 |
| SCM 101 | Supply Chain Operations Management | 3 |
| SCM 105 | Transportation and Logistics | 3 |
| SCM 120 | Warehouse Management | 3 |
Bookkeeping - Vocational Specialist
| First Semester | Credit Hours | |
|---|---|---|
| ACC 100 | Introductory Accounting | 3 |
| BUS 120 | Business Mathematics or College Algebra or Finite Math for Business & Managmt or Calculus for Business/Social Science | 3-4 |
| CIS 110 | Computer Concepts & Business Appls | 3 |
| BUS 100 | Introduction to Business | 3 |
| BUS 101 or ENG 101 | Business Communications I or English Composition I | 3 |
| Total | 15-16 | |
| Second Semester | ||
| ACC 200 | Financial Accounting | 4 |
| ACC 210 | QuickBooks Online | 3 |
| ACC 221 | Payroll Accounting | 2 |
| CIS 242 | Spreadsheet Applications | 2 |
| CIS 244 | Database Applications | 2 |
| Accounting Electives | 3 | |
| Total | 16 | |
| Program Total | 31-32 | |
Accounting Electives
| Course | Title | Credits |
|---|---|---|
| MMT 101 | Principles of Management | 3 |
| BUS 105 | Personal Finance | 4 |
| ECN 101 | Fundamentals of Economics | 3 |
| ECN 201 | Principles of Microeconomics | 3 |
| ECN 202 | Principles of Macroeconomics | 3 |
| CMS 210 | Interpersonal Communication | 3 |
| CMS 101 | Fundamentals of Speech | 3 |
| BUS 142 | Business Communications II | 3 |
| BUS 112 | Legal Environment of Business | 3 |
| BUS 113 | Business Law | 3 |
| SCM 101 | Supply Chain Operations Management | 3 |
| SCM 105 | Transportation and Logistics | 3 |
| SCM 120 | Warehouse Management | 3 |
Accounting Courses
All ACC courses numbered 100 and above may be applied to the major field and electives requirement for the Associate in Arts and Associate in Science degrees.
ACC 100 Introductory Accounting (3)(3,0)
The first semester of fundamental financial accounting. Emphasis is on procedural aspects of financial accounting for the single proprietorship. Accrual basis is utilized. Entire accounting cycle is covered for both service and merchandising businesses, including adjustments, preparation of financial statements, and closing procedures. Also included are reconciliation of bank statements and petty cash. (1.2) Proficiency Credit Available (2T) Pass/No Credit Available.
In-District Tuition/Fees: $405 (effective 2024/25 academic year)
In-district tuition rates are subject to change based on Board approval.
Prerequisite: None Recommended: BUS 120
Semester(s) Offered: Fall, Spring and Summer
ACC 200 Financial Accounting (4)(4,0)
Foundation course required for further study of accounting and business. Principles and concepts of financial accounting are emphasized and advanced concepts are introduced. Topics include transaction analysis, development of financial reports, the accounting cycle, promissory notes, inventory costing, depreciation methods, corporation equity concepts, bonds payable, statement of cash flows and present value. (1.1) IAI Major: BUS903 Proficiency Credit Available (2T) Pass/No Credit Not Available.
In-District Tuition/Fees: $540 (effective 2024/25 academic year)
In-district tuition rates are subject to change based on Board approval.
Prerequisite: Math: Grade of C or better in MTH112 or BUS120, or satisfaction of other placement criteria. Reading: Grade of C or better in RDG 091 or LTC 099, or satisfaction of other placement criteria. Writing: Grade of C or better in ENG 098 or LTC 099 or satisfaction of other placement criteria. Recommended: (1) ACC 100 or previous course in bookkeeping or accounting and (2) Microsoft Excel proficiency or concurrent enrollment in CIS 242 or completion of CIS 242.
Semester(s) Offered: Fall, Spring and Summer
ACC 210 QuickBooks Online (3)(3,0)
Students complete numerous monthly accounting cycles of a new company, applying principles of accounting, and using QuickBooks Online, an accounting software commonly used by small businesses. The software will be used to process business transactions, generate reports and financial statements, and to export data into Excel. Students will use Excel to complete projects that analyze monthly results, perform trend analysis, and calculate common financial ratios. QuickBooks Online provides an easy to understand interface for students to grasp accounting concepts while honing cloud computing skills. Students will confirm their QuickBooks Online knowledge by passing the Intuit QuickBooks Certified User exam. (1.2) Proficiency Credit Available (2T) Pass/No Credit Available.
In-District Tuition/Fees: $507.99 (effective 2024/25 academic year)
In-district tuition rates are subject to change based on Board approval.
Prerequisite: (1) Grade of C or better in ACC 200 and CIS 110; or (2) Grade of C or better in ACC 100 and CIS 110; or (3) consent of instructor.
Semester(s) Offered: Fall and Spring
ACC 221 Payroll Accounting (2)(2,0)
Introduces the processing of payroll. Emphasis is placed on legal requirements of withholding, employer's taxes, and preparation of tax forms and reports. (1.2) Proficiency Credit Available (2T) Pass/No Credit Available.
In-District Tuition/Fees: $270 (effective 2024/25 academic year)
In-district tuition rates are subject to change based on Board approval.
Prerequisite: Grade of C or better in ACC 100 or Grade of C or better in ACC 200
Semester(s) Offered: Fall and Spring
ACC 225 Income Tax Accounting (3)(3,0)
This course is of value to anyone interested in learning about income taxes, whether for personal use or as a start toward a new vocational goal. Emphasis is on federal individual income taxes. Also, some attention is given to small businesses and corporations. Topics covered include filing status, taxable income, employee business expenses, itemized deductions, profit from business or profession, capital gains and losses, tax credits, corporations, and state of Illinois income tax. (1.2) Proficiency Credit Available (2T) Pass/No Credit Not Available.
In-District Tuition/Fees: $405 (effective 2024/25 academic year)
In-district tuition rates are subject to change based on Board approval.
Prerequisite: Grade of C or better in ACC 200
Semester(s) Offered: Fall
ACC 240 Managerial Accounting (4)(4,0)
The second semester foundation course required for further study in accounting. Managerial accounting topics include ABC cost behavior analysis and use, job-order costing, process costing, cost-volume profit relationships, contribution approach to costing, budgeting, standard costs, JIT/FMS performance measures, relevant costs for decision making, balanced scorecard and capital budgeting. (1.1) IAI Major: BUS904 Proficiency Credit Available (2T) Pass/No Credit Not Available.
In-District Tuition/Fees: $540 (effective 2024/25 academic year)
In-district tuition rates are subject to change based on Board approval.
Prerequisite: Grade of C or better in ACC 200. Math: Grade of C or better in MTH 112 or BUS 120, or satisfaction of other placement criteria Reading: Grade of C or better in RDG 091 or LTC 099, or satisfaction of other placement criteria. Writing: Grade of C or better in ENG 098 or LTC-099 or satisfaction of other placement criteria. Recommended: (1) ECN 201 or concurrent enrollment in ECN 201 and (2) Microsoft Excel proficiency or concurrent enrollment in CIS 242 or completion of CIS 242.
Semester(s) Offered: Fall, Spring and Summer
ACC 245 Cost Accounting (3)(3,0)
Fundamentals of cost accounting, ABC, performance measurements, job order, process and estimated cost development and procedures. Emphasizes current practices in cost control through reports to management, applied to business establishments of relatively small and intermediate size. (1.1) Proficiency Credit Available (2T) Pass/No Credit Not Available.
In-District Tuition/Fees: $405 (effective 2024/25 academic year)
In-district tuition rates are subject to change based on Board approval.
Prerequisite: Grade of C or better in ACC 240
Semester(s) Offered: Varies
ACC 260 Internship in Accounting (1-3)(0,10)
(1-3) Students work for a business, government agency, or other organization for approximately 10 hours per week for one semester performing accounting tasks. Students will keep a journal detailing work performed, write a short paper and make a presentation to a current accounting class summarizing their on-the-job experience. Course is repeatable to six credits; only three credits may apply toward a degree or certificate. (1.2) Proficiency Credit Not Available Pass/No Credit Available.
In-District Tuition/Fees: $405 (effective 2024/25 academic year)
In-district tuition rates are subject to change based on Board approval.
Prerequisite: Grade of C or better in ACC 200 and Grade of C or better in CIS 242.
Semester(s) Offered: Varies