ACCOUNTING 1
Credit 0.5; Semester; Grades 11, 12
Description: Accounting, like learning a foreign language, is “the language of business”. Accounting professionals are the lifeblood of any organization. Despite tough economic times, with globalization, and a complex tax and regulatory environment, the Bureau of Labor and Statistics projects a continued strong demand for accountants and auditors. Accounting 1 is an introduction to financial accounting concepts. A study of the accounting cycles of service organizations and merchandisers emphasizing the recording of business transactions, and the preparation of financial statements for such organizations. Emphasis also placed on accounting relating to the measurement, valuation and reporting of assets, liabilities and equity, and related internal control considerations.
ACCOUNTING 2
Credit 0.5; Semester; Grades 11, 12
Prerequisite: Accounting 1 (C grade or better)
Description: This is the second Accounting class in the sequence. We will be using the second half of the book for this class and continue building upon the accounting theories and procedures learned in the first class, Accounting 1. This course will allow students to investigate the field of accounting deeper, including how it is impacted by industry standards as well as economic, financial, technological, international, social, legal, and ethical factors. Students reflect on this knowledge as they engage in the process of recording, classifying, summarizing, analyzing, and communicating accounting information. Students will begin to formulate and interpret financial information for use in management decision making.
ACCOUNTING 101 (ACTG_101) (FVCC Concurrent Enrollment Course)
Credit 0.5, (4 FVCC Elective credits); Semester; Grades 10, 11, 12
Required concurrent enrollment as a Running Start student in ACTG 101 at FVCC for 3 college credits.
Fees: All FVCC Dual Credit fees (First 6 credits are free)
Description: Accounting is necessary for every business student because it is truly the language of business. A good understanding of Accounting will help you in every business venture in which you participate. A practical course in the foundations of accounting emphasizes the complete accounting cycle for a sole-proprietorship, service business as well as the cycle for a merchandising firm. It covers receivables and payables as well as banking transactions and payroll. This course will give you the basic accounting functions to be able to do bookkeeping functions for any business. You will learn debits and credits, journalizing and posting, preparing the financial statements, and looking at ratios to know whether you have done well in your business. Accounting professionals are the lifeblood of any organization. Despite tough economic times, with globalization, and a complex tax and regulatory environment, the Bureau of Labor and Statistics projects a continued strong demand for accountants and auditors.
ACCOUNTING 102 (ACTG_102) (FVCC Concurrent Enrollment Course)
Credit 0.5, (4 FVCC Elective credits); Semester; Grades 10, 11, 12
Required concurrent enrollment as a Running Start student in ACTG 102 at FVCC for 3 college credits.
Fees: All FVCC Dual Credit fees (First 6 credits are free)
Prerequisite: Accounting Procedures 101 (C grade or better)
Description: This is the second Accounting class in the sequence. We will be using the second half of the book for this class and continue building upon the accounting theories and procedures learned in the first class, ACTG 101. The course covers notes payable and receivable, valuation of receivables, inventories, plant and equipment, the voucher system, accounting for partnerships and corporations, financial statement analysis and cash flow statements. This course will provide a more in-depth explanation of some of the theories learned previously and introduce Partnerships and Corporations.