Accounting & Financial Management

course

Accounting & Financial Management

This program is designed to provide students with an advance foundation in accounting and financial management. The program consists of a hands-on approach to the most widely use of financial and managerial concepts used in corporate America. The student who already has basic knowledge of accounting technology is introduced to advanced courses like: Business Economics, Financial & Managerial Accounting, Auditing and Cost Accounting. Upon completion graduates will be able to complete a variety of supervisory tasks in the areas managerial Finance, Corporate Accounting and Auditing.

PROGRAM INFORMATION
Total Number of Quarter Credit Hours 51
Total Number of Clock Hours 40
Total Number of Quarters / Weeks / Months 4 / 40 / 9
Credential awarded Diploma
Course Code Course Description Clock Hours Credit Hours
AFM 005 Accounting for Managers 60 4
ECO 001 Business Economics 50 4
ENC 1201 Business English 40 3
GEB 1001 Introduction to Business 40 3
SLS 1401 Career and Professional Development 50 4
AFM 007 Financial Accounting 60 4
AFM 008 Auditing 60 4
CPT 061 Advanced Electronic Spreadsheets 50 3
CPT 051 Accounting Information Systems 70 4
CPT 050 Income Tax Preparation 60 4
AFM 006 Managerial Accounting 60 4
AFM 009 Cost Accounting 60 4
AFMEXT Externship 180 6

*The courses shown above may not be offered in the same order in which they are listed.
**Quarter Credit hour conversion 10 Lecture hours = 1 credit / 20 Lab hours = 1 credit / 30 Externship hours = 1 credit

Introduction to the principles of accounting as it relates business organizations. The course takes up discussions as to financial reports (income statements, balance sheets, and statements of cash flows). Students will learn to interpret and solve problems related to accounting for managers in a business environment. Additional support will be provided to students in order to achieve the objectives via the use of libratory time for practice and assessments.

Business Economics is a combination of micro and macroeconomics. Student will be taught economics as seen from the business point of view. Students will learn economy of scale, SWOT analysis, inflation and deflation of a business, as well as the effects of the deficit, unemployment, and growth. Students will learn to interpret and solve problems related to the business economics used in the field today. Additional support will be provided to students in order to achieve the objectives via the use of libratory time for practice and assessments.

This course is an introduction to the field of Business English. Students will learn the basic grammar structures to be able to convey information and ideas in clear, comprehensive language, as well as interpret and utilize the information communicated by others. In addition, this course will provide students with practice in business correspondence, including letters, memos and e- mails.

This course is an introduction to the field of Business Management. Students will learn how to design the formal structure of an organization, to communicate effectively in the workplace, and to apply technology in the process of managing information. From legal business structures to market analysis, from official documentation and procedures to time management the students are exposed to the many aspects of business management.

This course is designed to help the student develop the necessary skills and knowledge needed to enter the current job market. This preparation will be accomplished by helping students improve their communication skills in a business environment, their resume writing skills as well as their job searching and job interviewing techniques.

An introduction to financial accounting concepts and analysis with emphasis on corporate financial statements and determination of income. Students will learn to interpret and solve problems related to the financial field. Additional support will be provided to the students in order to achieve the objectives via the use of libratory time for practice and assessment.

Fundamental principles of audit practice and procedure including the verification of balance sheets and income statement items, the preparation of audit working papers, and the compilation of audit reports. The course includes short problems and audit of accounting records. Students will learn to interpret and solve problems related to the auditing field. Additional support will be provided to students in order to achieve the objectives via the use of libratory time for practice and assessments.

This course is an introduction to the concepts, features, and commands of the most popular commercial Electronic Spreadsheets software. Students will learn to create, format, edit, link and print spreadsheets using basic capabilities of Electronic Spreadsheets software. Classes are conducted in a hands-on-lecture laboratory environment where a computer is assigned to each student. No previous computer training or experience is required. Laboratory is required.

Accounting application of electronic data processing including the preparation interpretation and use of computer information in financial decision making. The use of computerized accounting will be stressed. Students will learn to interpret and solve problems related to the accounting information systems used in the field today. Additional support will be provided to students in order to achieve the objectives via the use of libratory time for practice and assessments.

This course introduces students to the US Federal Government’s individual and corporate income tax system. Students will learn how to file, calculate taxes, filing status, exemptions, and the interaction of itemized deduction on a standard deduction. The course illustrates all the steps required to prepare U.S. Individual Income and Corporation Income Tax Forms.

Managerial Accounting focuses on the accounting information needs of the various levels of internal management within an organization. Internal responsibility is directed at three major areas of management responsibility: cost determination, planning and control, and long-term decision-making. Students will learn to interpret and solve problems related to the managerial accounting field. Additional support will be provided to students in order to achieve the objectives via the use of libratory time for practice and assessments.

A consideration of the accumulation, interpretation and control of costs by the job order and the process cost systems. Includes the study of break-even analysis, budgeting and other cost control techniques. Students will learn to interpret and solve problems related to cost accounting. Additional support will be provided to students in order to achieve the objectives via the use of libratory time for practice and assessments.

Students will participate in an externship program to gain work experience. Each student will be placed in a real work environment under the supervision of an accounting specialist who will evaluate and report his/her performance.

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