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This is an archived copy of the 2020-2021 catalog. To access the most recent version of the catalog, please visit https://catalog.nmc.edu.

ACC 121 Accounting Principles I

ACC 121 - Accounting Principles I

Credit Hours: 4, Contact Hours: 4

Division: Business

Introduction to financial accounting covering the accounting cycle, preparation of financial statements, and accounting for merchandising operations. It includes accounting for cash, receivables, inventory, property plant and equipment, current liabilities, payroll, long-term liabilities and corporations. Group 2 course. Quantitative Reasoning.

Required Prerequisites: Placement into MTH 23 or completion of MTH 08 with a 2.0 or higher.

Recommended Prerequisites: BUS 105

ACC 121 - Accounting Principles I

https://catalog.nmc.edu/course-outlines/acc-121/

Course Description Introduction to financial accounting covering the accounting cycle, preparation of financial statements, and accounting for merchandising operations. It includes accounting for cash, receivables, inventory, property plant and equipment, current liabilities, payroll, long-term liabilities and corporations. Group 2 course. Credit Hours 4 Contact Hours 4 Lecture Hours 4 Required Prerequisites Placement into MTH 23 or completion of MTH 08 with a 2.0 or higher. Recommended Prerequisites or Skills Competencies BUS 105 General Education Outcomes supported by this course Quantitative Reasoning Course Learning Outcomes Knowledge: Demonstrate the accounting for various types of assets and liabilities. Application: Use accounting concepts and skills found in real life situations. Integration: Evaluate various real life scenarios using accounting knowledge, concepts, and skills. Human Dimension: Identify patterns in their own developing accounting knowledge. Caring - Civic Learning: Engage in ethical decision making regarding accounting. Learning How to Learn: Reflect on their own developing accounting knowledge regarding future career options.

ACC 123 - Accounting Principles II

https://catalog.nmc.edu/course-outlines/acc-123/

Course Description Continuation of ACC 121 . Introduction of the role of accounting information in the planning and decision-making of business organizations. Includes managerial accounting, costing of products, planning and budgeting, performance measurement, control of organizational activities, decision making, profitability analysis, statement of cash flows, and financial statement analysis. Group 2 course. Credit Hours 4 Contact Hours 4 Lecture Hours 4 Required Prerequisites ACC 121 Recommended Prerequisites or Skills Competencies MTH 111 General Education Outcomes supported by this course Quantitative Reasoning Course Learning Outcomes Knowledge: Utilize the components of a master and flexible budget to plan and control costs of a business. Describe the concepts of cost accumulation and cost behavior. Application: Use analysis tools to evaluate realistic business scenarios. Analyze standard costs and variances to evaluate projects. Prepare a statement of cash flows. Integration: Apply ratios and other analysis techniques to make sound business decisions. Human Dimension: Discover how managerial accounting differs from financial accounting and how these match their interests and abilities. Caring - Civic Learning: Apply ethical standards that guide Certified Management Accountants to make appropriate business decisions. Learning How to Learn: Utilize important sources of information for making business decisions.

Accounting, Associate in Applied Science Degree - General

https://catalog.nmc.edu/programs-az/business/accounting-general/

NMC's Accounting Program contains a blend of specialized classes and liberal arts studies to prepare you for today's competitive, complex and changing business world. If you plan to pursue a bachelor's degree, please refer to the requirements for the Associate in Science and Art degree (ASA degree).

Academic Catalog 2020-2021

Search Results

ACC 121 Accounting Principles I

ACC 121 - Accounting Principles I

ACC 123 - Accounting Principles II

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Office Administration, Certificate of Achievement (Level II)

Business Administration - Online, Associate in Applied Science Degree

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