Academic Catalog 2014.2015 - page 70

The Master’s College 2014-2015 Catalog
70
UNDERGRADUATE PROGRAMS
Course Offerings in
Business Administration
ACC210 Accounting Fundamentals I (3)
This course is an intensive study of the processes and
procedures which accountants use for analyzing, recording,
and reporting a business organization’s assets, liabilities,
and owner’s equity.
Prerequisite: MA090.
ACC219 Computerized Accounting (1-3)
An application of an entry-level accounting software
package such as QuickBooks
©
to the principles learned in
accounting fundamentals. Coverage will include the general
journal, subsidiary ledgers, special journals, payroll, and
financial reports. Course offered as a Directed Study on
a demand basis.
Co-requisite: ACC210
ACC220 Accounting Fundamentals II (3)
This course completes the study of financial accounting
begun in ACC210 by examining the procedures for
reporting liabilities and stockholders’ equity on external
financial statements for a corporation. Then, the course
explores management’s use of job-order, process and
standard cost accounting systems for decision making.
Additional topics include the preparation of budgets,
ratio analyses and federal income tax returns.
Prerequisite:
ACC210.
ACC302 Accounting for Non-Profits (3)
Presents the theories and practices of generally accepted
accounting principles and fund accounting techniques used
by governmental and not-for-profit organizations. Special
emphasis is placed on accounting as it relates to the church
and church-related ministries.
Prerequisite: ACC210.
ACC311 Intermediate Accounting I (3)
A comprehensive study of financial statements of business
enterprises, focusing on the systematic development of
theory and practice from generally accepted accounting
principles.
Prerequisite: ACC220.
ACC312 Intermediate Accounting II (3)
An analytical study of the corporate form of entity
accounting with stocks, bonds, long and short-term
investments, revenue recognition, pension plans, lease
arrangements and existing reporting practices promulgated
by leading professional organizations.
Prerequisite: ACC311.
ACC331 Accounting Professional Responsibility (3)
An all-inclusive study of professional responsibility and
ethics in the accounting profession. This course will
provide students with comprehensive knowledge of
Total units required for emphasis:.......................................51-52
Minor in Accounting
A minor in Accounting is offered to students not
majoring in business, but who wish to develop a
marketable skill.
For a minor in Accounting, the following courses
are required:
Total units required for minor.................................................. 27
Minor in Business Administration
A minor in Business Administration is offered to
students not majoring in business, but who desire
a basic understanding of the process of people
working together to achieve common goals. This
administrative process is known as management
and is recommended for a student preparing for any
career that may call for administrative responsibilities.
For a minor in Business Administration, the following
courses are required:
One of the following.................................................................. 3
Total units required for minor..................................................21
ACCOUNTING
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