Program Outcomes - Accounting

AAA Degree

  • Gain an understanding of the purpose and nature of accounting; to achieve an understanding of the measurement of business income and financial position of a business; to understand and be able to prepare journal entries and financial statements for service firms.
  • Further one's knowledge of the procedures and nature of accounting, including the complete accounting cycle for merchandising businesses, and to secure knowledge in the theoretical and practical application of special journals, combined journal, receivables, payables, bad debts, interest, and recording and discounting of notes.
  • Become familiar with the recording and reporting requirements of partnerships and corporations.
  • Learn the proper treatment of long-term liabilities including bonds.
  • Gain a basic understanding of the subject and nature of time value of money applications.
  • Prepare and interpret the statement of cash flow.
  • Adapt accounts receivable and accounts payable procedures to a computerized system.
  • Analyze, record and interpret business transactions for service and merchandising businesses.
  • Analyze, record and interpret payroll procedures and reporting in a computerized system.
  • To set up a new company in a computerized system.
  • To demonstrate a thorough knowledge of the nature and application of the federal income tax to individuals.
  • Demonstrate typing speed of 30 WPM with 5 or fewer errors using the proper touch-typing technique.
  • Use Excel menus and commands; type in text and values; save and open worksheets; create formulas; format cells; edit, copy and move data in cells; name and use ranges; insert and delete rows and columns; use data, finance and statistical functions; produce simple business charts and print worksheets.
  • Demonstrate the following skills: advanced use of range names; setting advanced print options; spreadsheet protection; advanced graphics features; rounding feature; conditional statements; searching and replacing data; database concepts; goal seeking; outlining; using multiple spreadsheets; moving data between applications and creating basic macros.
  • Meet the professional/technical Related Instruction requirements in the areas of reading, computation, human relations and oral and written communications.