Accounting

This course is an introduction to fundamental bookkeeping for a sole proprietorship. It focuses on learning how and when to record transactions and how and when to prepare financial statements.

This course enables students to properly prepare, file and report quarterly payroll taxes; to prepare all necessary journal entries for payroll expenses; and to prepare all necessary end-of-year reports for payroll. Prerequisite: ACCT 103 or permission of instructor.

This course enables students to understand and account for the additional taxes (other than income taxes) paid by business in Washington state, Spokane County and the City of Spokane. Prerequisite: ACCT 103 or permission of instructor.

This course offers a practical approach to computerized accounting using QuickBooks Pro. Students are exposed to basic setup and entry of daily accounting transactions and learn to manage revenue and expense accounts, payroll, inventory, bank reconciliation, and year-end procedures. This course does not fulfill the requirements for students majoring in accounting.

This course offers a practical approach to computerized accounting using QuickBooks Pro. Students are exposed to advanced setup for service and merchandising companies. Processing quarterly payroll including, preparation of quarterly tax reports, tax transmittals and W2 forms are addressed. This course does not fulfill requirements for students majoring in accounting. Prerequisite: ACCT 141 or permission of instructor.

Students learn the basic concepts of accounting for office, sales and small business personnel. The basic accounting cycle, use of general journals, worksheets, adjusting and closing entries, and complete financial statement preparation are emphasized. Payroll processing and employer payroll tax calculations, and reporting also are covered. These courses must be taken in sequence. These courses do not fulfill requirements for students majoring in accounting.

Students learn the basic concepts of accounting for office, sales and small business personnel. The basic accounting cycle, use of general journals, worksheets, adjusting and closing entries, and complete financial statement preparation are emphasized. Payroll processing and employer payroll tax calculations, and reporting also are covered. These courses must be taken in sequence. These courses do not fulfill requirements for students majoring in accounting.

This course enables students to properly prepare, file and report quarterly payroll taxes; prepare all necessary journal entries for payroll expenses; and prepare all essential end-of-the-year reports for payroll. Prerequisite: ACCT 151, ACCT& 201 or permission of instructor.

This course enables students to understand and account for the additional taxes (other than income taxes) paid by businesses in Washington State, Spokane County and the City of Spokane. Prerequisite: SCC: ACCT 151, ACCT& 201 or permission of instructor.

An introduction to the fundamentals of accounting, with application to sole proprietorship, partnership and corporate forms of business organization. Must be taken in sequence.

An introduction to the fundamentals of accounting, with application to sole proprietorship, partnership and corporate forms of business organization. Must be taken in sequence. Prerequisite: A grade of 2.0 or better in ACCT& 201 or permission of instructor.

Students learn presentation and interpretation of financial data for managerial use. Applications of accounting output to managerial control and planning are emphasized. Prerequisite: SCC: ACCT& 201 or permission of instructor; SFCC: ACCT& 202 or permission of instructor.

Students develop an understanding of the accounting information system, sales and acquisition cycles, internal controls, accounting fraud, accounting for not-for-profit organizations as well as federal taxation and tax return preparation. Prerequisite: ACCT& 201, ACCT 151 or permission of instructor.

Students learn a more in depth study of specific topics including accounting for property, plant and equipment (fixed assets), natural resources, intangible assets, accounting issues of partnerships, corporations, statements of cash flows, financial statement analysis and managerial accounting. Financial statement preparation and analysis are emphasized. This course does not fulfill requirements for accounting transfer students. Prerequisite: ACCT 152 or ACCT& 202.

This course covers the tax concepts that affect most individuals. At the completion of this course, students will be able to prepare a 1040EZ, 1040A, and 1040 form using Federal tax forms and/or tax software. Students will recognize the social, economic, and political factors that Congress considers when they create tax law. Students will also be able to utilize tax planning skills for preparing current and future tax returns.

This course introduces the tax issues facing corporations, partnerships, and S corporations. This course emphasizes the tax code and regulations that relate to these entities, and it examines the transactions that most commonly affect them. In addition, this course assists students in preparing to sit for the IRS Enrolled Agent Exam. Prerequisite: ACCT 221.

For course description, see Cooperative Education.