Class Listings & Descriptions

The following Accounting classes are taught by Wake Tech instructors.

 

ACC-120: Principles of Financial Accounting

This course introduces business decision-making using accounting information systems. Emphasis is placed on analyzing, summarizing, reporting, and interpreting financial information. Upon completion, students should be able to prepare financial statements, understand the role of financial information in decision-making and address ethical considerations.

Course Prerequisites:
None
Total Credits:4
Class Credits:3
Lab Credits:2
Clinic Credits:0
 

ACC-121: Principles of Managerial Accounting

This course includes a greater emphasis on managerial and cost accounting skills. Emphasis is placed on managerial accounting concepts for external and internal analysis, reporting and decision-making. Upon completion, students should be able to analyze and interpret transactions relating to managerial concepts including product-costing systems.

Course Prerequisites:
Take ACC-120(S10290); Take previously. Required.<br
Total Credits:4
Class Credits:3
Lab Credits:2
Clinic Credits:0
 

ACC-122: Principles of Financial Accounting II

This course provides additional instruction in the financial accounting concepts and procedures introduced in ACC 120. Emphasis is placed on the analysis of specific balance sheet accounts, with in-depth instruction of the accounting principles applied to these accounts. Upon completion, students should be able to analyze data, prepare journal entries, and prepare reports in compliance with generally accepted accounting principles.

Course Prerequisites:
Take ACC-120(S20278); Take previously. Required.<br
Total Credits:3
Class Credits:3
Lab Credits:0
Clinic Credits:0
 

ACC-129: Individual Income Taxes

This course introduces the relevant laws governing individual income taxation. Topics include tax law, electronic research and methodologies, and the use of technology for preparation of individual income tax returns. Upon completion, students should be able to analyze basic tax scenarios, research applicable tax law, and complete various individual tax forms.

Course Prerequisites:
Take ACC-120(S20278); Take previously. Required.<br
Total Credits:3
Class Credits:2
Lab Credits:2
Clinic Credits:0
 

ACC-130: Business Income Taxes

This course introduces the relevant laws governing business and fiduciary income taxes. Topics include tax law relating to business organizations, electronic research and methodologies, and the use of technology for the preparation of business tax returns. Upon completion, students should be able to analyze basic tax scenarios, research applicable tax law, and complete various business tax forms.

Course Prerequisites:
Take ACC-129(S20283); Take previously. Required.<br
Total Credits:3
Class Credits:2
Lab Credits:2
Clinic Credits:0
 

ACC-131: Federal Income Taxes

This course provides an overview of federal income taxes for individuals, partnerships, and corporations. Topics include tax law, electronic research and methodologies and the use technology for the preparation of individual and business tax returns. Upon completion, students should be able to analyze basic tax scenarios, research applicable tax laws, and complete federal tax returns for individuals, partnerships, and corporations.

Course Prerequisites:
None
Total Credits:3
Class Credits:2
Lab Credits:2
Clinic Credits:0
 

ACC-132: NC Business Taxes

This course introduces the relevant laws governing North Carolina taxes as they apply to business. Topics include sales taxes, income taxes for business entities, payroll taxes, unemployment taxes, and other taxes pertaining to the State of North Carolina. Upon completion, students should be able to maintain a company's records to comply with the laws governing North Carolina business taxes.

Course Prerequisites:
None
Total Credits:2
Class Credits:1
Lab Credits:3
Clinic Credits:0
 

ACC-140: Payroll Accounting

This course covers federal and state laws pertaining to wages, payroll taxes, payroll tax forms, and journal and general ledger transactions. Emphasis is placed on computing wages; calculating social security, income, and unemployment taxes; preparing appropriate payroll tax forms; and journalizing/posting transactions. Upon completion, students should be able to analyze data, make appropriate computations, complete forms, and prepare accounting entries using appropriate technology.

Course Prerequisites:
Take ACC-115(S12924) or ACC-120(S10290); Take previously. Required.<br>Take 1 group; <br>Option: Take ACC-115(S12924) CIS-110(S21058); <br>Option: Take ACC-115(S12924) CIS-111(S21059); <br>Option: Take ACC-120(S10290) CIS-110(S21058); <br>Option: Take ACC-120(S10290) CIS-111(S21059); Take previously. Required.<br
Total Credits:2
Class Credits:1
Lab Credits:3
Clinic Credits:0
 

ACC-149: Introduction to Accounting Spreadsheets

This course provides a working knowledge of computer spreadsheets and their use in accounting. Topics include pre-programmed problems, model-building problems, beginning-level macros, graphics, and what-if analysis enhancements of template problems. Upon completion, students should be able to use a computer spreadsheet to complete many of the tasks required in accounting.

Course Prerequisites:
Take ACC-115(S12924) or ACC-120(S10290); Take previously. Required.<br>Take 1 group; <br>Option: Take ACC-115(S12924) CIS-110(S21058); <br>Option: Take ACC-115(S12924) CIS-111(S21059); <br>Option: Take ACC-120(S10290) CIS-110(S21058); <br>Option: Take ACC-120(S10290) CIS-111(S21059); Take previously. Required.<br
Total Credits:2
Class Credits:1
Lab Credits:3
Clinic Credits:0
 

ACC-150: Accounting Software Applications

This course introduces microcomputer applications related to accounting systems. Topics include general ledger, accounts receivable, accounts payable, inventory, payroll, and correcting, adjusting, and closing entries. Upon completion, students should be able to use a computer accounting package to accurately solve accounting problems.

Course Prerequisites:
Take ACC-115(S12924) or ACC-120(S10290); Take previously. Required.<br>Take 1 group; <br>Option: Take ACC-115(S12924) CIS-110(S21058); <br>Option: Take ACC-115(S12924) CIS-111(S21059); <br>Option: Take ACC-120(S10290) CIS-110(S21058); <br>Option: Take ACC-120(S10290) CIS-111(S21059); Take previously. Required.<br
Total Credits:2
Class Credits:1
Lab Credits:3
Clinic Credits:0
 

ACC-151: Accounting Spreadsheet Applications

This course is designed to facilitate the use of spreadsheet technology as applied to accounting principles. Emphasis is placed on using spreadsheet software as a problem-solving and decision-making tool. Upon completion, students should be able to demonstrate an understanding of the principles involved and display an analytical problem-solving ability for the topics covered.

Course Prerequisites:
Take ACC-149(S16200); Take previously. Required.<br
Total Credits:2
Class Credits:1
Lab Credits:2
Clinic Credits:0
 

ACC-152: Advanced Software Applications

This course provides continued exposure to commercial accounting software and the opportunity to refine accounting software skills. Emphasis is placed on advanced applications of software packages. Upon completion, students should be able to use commercial software to complete complex accounting tasks.

Course Prerequisites:
Take ACC-150(S20275); Take previously. Required.<br
Total Credits:2
Class Credits:1
Lab Credits:3
Clinic Credits:0
 

ACC-175: Hotel and Restaurant Accounting

This course covers generally accepted accounting principles and the uniform system of accounts for small hotels and motels of the American Hotel and Motel Association. Emphasis is placed on the accounting cycle, analysis of financial statements, and payroll procedures including treatment of tips. Upon completion, students should be able to demonstrate competence in the accounting principles and procedures used in hotels and restaurants.

Course Prerequisites:
Take MAT-110(S23926); Take previously. Required.<br
Total Credits:4
Class Credits:3
Lab Credits:2
Clinic Credits:0
 

ACC-215: Ethics in Accounting

This course introduces students to professional codes of conduct and ethics adopted by professional associations and state licensing boards for accountants, auditors, and fraud examiners. Topics include research and discussion of selected historical and contemporary ethical cases and issues as they relate to accounting and business. Upon completion, students should be able to apply codes, interpret facts and circumstances, as they relate to accounting firms and business activities.

Course Prerequisites:
Take ACC-121(S20282); Take previously. Required.<br
Total Credits:3
Class Credits:3
Lab Credits:0
Clinic Credits:0
 

ACC-220: Intermediate Accounting I

This course is a continuation of the study of accounting principles with in-depth coverage of theoretical concepts and financial statements. Topics include generally accepted accounting principles and extensive analysis of balance sheet components. Upon completion, students should be able to demonstrate competence in the conceptual framework underlying financial accounting, including the application of financial standards.

Course Prerequisites:
Take ACC-120(S20278); Take previously. Required.<br
Total Credits:4
Class Credits:3
Lab Credits:2
Clinic Credits:0
 

ACC-221: Intermediate Accounting II

This course is a continuation of ACC 220. Emphasis is placed on special problems which may include leases, bonds, investments, ratio analyses, present value applications, accounting changes, and corrections. Upon completion, students should be able to demonstrate an understanding of the principles involved and display an analytical problem-solving ability for the topics covered.

Course Prerequisites:
Take ACC-220(S10646); Take previously. Required.<br
Total Credits:4
Class Credits:3
Lab Credits:2
Clinic Credits:0
 

ACC-225: Cost Accounting

This course introduces the nature and purposes of cost accounting as an information system for planning and control. Topics include direct materials, direct labor, factory overhead, process, job order, and standard cost systems. Upon completion, students should be able to demonstrate an understanding of the principles involved and display an analytical problem-solving ability for the topics covered.

Course Prerequisites:
Take ACC-121(S10328); Take previously. Required.<br
Total Credits:3
Class Credits:3
Lab Credits:0
Clinic Credits:0
 

ACC-227: Practices in Accounting

This course provides an advanced in-depth study of selected topics in accounting using case studies and individual and group problem solving. Topics include cash flow, financial statement analysis, individual and group problem solving, practical approaches to dealing with clients, ethics, and critical thinking. Upon completion, students should be able to demonstrate competent analytical skills and effective communication of their analysis in written and/or oral presentations.

Course Prerequisites:
Take ACC-220(S10646); Take previously. Required.<br
Total Credits:3
Class Credits:3
Lab Credits:0
Clinic Credits:0
 

ACC-240: Gov & Not-For-Profit Acct

This course introduces principles and procedures applicable to governmental and not-for-profit organizations. Emphasis is placed on various budgetary accounting procedures and fund accounting. Upon completion, students should be able to demonstrate an understanding of the principles involved and display an analytical problem-solving ability for the topics covered.

Course Prerequisites:
Take ACC-121(S20282); Take previously. Required.<br
Total Credits:3
Class Credits:3
Lab Credits:0
Clinic Credits:0
 

ACC-268: Information Systems & Internal Controls

This course covers the design and operation of accounting information systems, with emphasis placed upon transaction cycles and the necessary controls for reliable data. Topics include accounting procedures; authorizing, documentation, and monitoring; flowcharting, data flow diagrams, and scheduling; and some auditing concepts. Upon completion, students should be able to demonstrate an analytical problem-solving ability to communicate effectively their analysis in written and oral presentations.

Course Prerequisites:
Take ACC-121(S20282); Take previously. Required.<br
Total Credits:3
Class Credits:3
Lab Credits:0
Clinic Credits:0
 

ACC-269: Auditing & Assurance Services

This course introduces selected topics pertaining to the objectives, theory and practices in engagements providing auditing and other assurance services. Topics include planning, conducting and reporting, with emphasis on the related professional ethics and standards. Upon completion, students should be able to demonstrate an understanding of the types of professional services, the related professional standards, and engagement methodology.

Course Prerequisites:
Take ACC-220(S10646); Take previously. Required.<br
Total Credits:3
Class Credits:3
Lab Credits:0
Clinic Credits:0
 

ACC-270: International Accounting

This course includes identifying, recording, and interpreting financial information for accounting systems used in different countries. Topics include currency exchange rates, methods of setting and selecting transfer prices, practices used to account for rates of inflation, and major types of taxes. Upon completion, students should be able to describe accounting systems and their impacts on different currencies and demonstrate a basic knowledge of international accounting.

Course Prerequisites:
Take ACC-120(S20278); Take previously. Required.<br
Total Credits:3
Class Credits:3
Lab Credits:0
Clinic Credits:0