Effective Fall 2019
- School of Business, Arts & Sciences
- Associate of Applied Science Degree (A.A.S.)
- More Information about Accounting
The Accounting major prepares students for a variety of entry-level accounting positions in all types of business environments, including public accounting, service businesses, manufacturers, retailers, wholesalers, not-for-profit organizations, and government agencies. The major also serves to upgrade the skills of those now employed in this field.
Career Opportunities
Public/private accounting business, management consulting, and technology services, such as designing accounting systems, payroll, bookkeeping, and other general accounting services. Industry accounting, including inventory analysis, costing products, budgeting, general accounting (payroll, accounts receivable, accounts payable, financial statement preparation, general ledger), financial analysis, and tax return preparation. Also, not-for-profit accounting, as well as government and non-government accounting.
Recommended High School Subjects
English and mathematics courses (including algebra).
Special Equipment Needs
Laptop Computer Required
- Windows 11 or higher (recommended).
- Intel Core i5 or i7 (generation 10 or higher) processor (recommended).
- 8+ GB RAM (recommended).
- 250+ GB Solid State Disk (SSD) drive (recommended).
- Laptop must include a webcam and microphone (required).
- Laptop must include a wireless network card (required).
- Broadband Internet connection when working off campus (required).
- Additional plug-ins may be required (Information Technology Services Service Desk available for assistance.)
- Chromebooks and other devices running Chrome OS are prohibited.
Remediation Strategies
All incoming students must meet placement requirements in math. Students are expected to remediate any deficiencies as explained in the College Catalog (see https://www.pct.edu/catalog/admissions-policy).
Transfer Procedures
This major is subject to the transfer standards established by the College (see http://www.pct.edu/catalog/TransferringCredits ). Exceptions must be approved by the school dean.
Program Goals
A graduate of this major should be able to:- prepare the required financial statements which include the income statement, statement of stakeholders' equity, balance sheet, and cashflow statement and illustrate their uses and limitations.
- identify and evaluate the various tax consequences of adjustments, deductions, credits, tax payments, and interest and penalties.
- identify the major categories of costs and cost behaviors.
- complete the accounting for payroll including deposit requirements, payroll register, employee earnings records, and applying the accounting and legal issues involving vacation pay and compensatory time.
Curriculum
| First Semester | Credits | Notes | Lecture | Lab/Clinical | M/S | Type | |
|---|---|---|---|---|---|---|---|
| FYE101 | First Year Experience | 1 | .50 | 1.50 | S | REQ | |
| ACC113 | Introduction to Financial Accounting | 3 | 3 | M | REQ | ||
| CSC124 | Information, Technology & Society | 3 | 3 | S | REQ | ||
| ENL111 | English Composition I | 3 | 3 | S | REQ | ||
| MGT115 | Principles of Management | 3 | 3 | M | REQ | ||
| MTH113 | Business Mathematics | 3 | 3 | S | REQ | ||
| TOTAL CREDITS | 16 | ||||||
| Second Semester | Credits | Notes | Lecture | Lab/Clinical | M/S | Type | |
| ACC123 | Introduction to Managerial Accounting | 3 | 3 | M | REQ | ||
| ECO111 | Principles of Macroeconomics | 3 | 3 | M | REQ | ||
| or | |||||||
| ECO112 | Principles of Microeconomics | 3 | 3 | M | REQ | ||
| ENL201 | Technical & Professional Communication | 3 | 3 | S | REQ | ||
| MIS211 | Business Computer Applications Using Spreadsheet | 3 | 3 | M | REQ | ||
| OEE | Exploration Elective | 3 | S | OEE | |||
| FIT | Fitness & Wellness Elective | 1 | S | FIT | |||
| TOTAL CREDITS | 16 | ||||||
| Third Semester | Credits | Notes | Lecture | Lab/Clinical | M/S | Type | |
| ACC341 | Intermediate Accounting I | 3 | 3 | M | REQ | ||
| ACC332 | Income Taxation for Individuals | 3 | 1 | 6 | M | REQ | |
| MGT301 | Business Law I | 3 | 3 | M | REQ | ||
| BAE | Directed Business Elective | 3 | M | BAE | |||
| ACC201 | Computerized Accounting | 3 | 3 | M | REQ | ||
| TOTAL CREDITS | 15 | ||||||
| Fourth Semester | Credits | Notes | Lecture | Lab/Clinical | M/S | Type | |
| ACC285 | Accounting Information Systems | 3 | 3 | M | REQ | ||
| ACC346 | Intermediate Accounting II | 3 | 3 | M | REQ | ||
| ACC210 | Payroll, State & Local Taxation | 3 | 3 | M | REQ | ||
| SCI | Science Elective | 3 | S | SCI | |||
| OEA | Open Elective | 3 | S | OEA | |||
| TOTAL CREDITS | 15 | ||||||
Directed Business Elective is any adviser-approved ACC, FIN, LAS, MGT, MKT, or HRM course.
Accreditation
The Accounting and Business programs have been accredited by the Accreditation Council for Business Schools and Programs (ACBSP) .