Students in class

Accounting

Career Studies Certificate

PURPOSE: This program will provide students with the accounting courses needed to meet the requirements of the Virginia Board of Accountancy to sit for the Certified Public Accountancy (CPA) examination.

OCCUPATIONAL OBJECTIVES: These accounting courses may also meet accounting requirements of various government and private sector positions.

ADMISSION REQUIREMENTS: General college curricular admission

PROGRAM NOTES: Students entering this program must have successfully completed Principles of Accounting I and II (ACC 211-212). Since the CPA exam is computer-based, students should be proficient with computers, including the ability to work with Windows, Word, and Excel. To meet the educational requirements to sit for the Virginia CPA exam, a candidate must obtain the following from one or more accredited institutions:

  • At least 120 semester hours of college courses;
  • Baccalaureate or higher degree; and
  • Accounting concentration or equivalent.

Course requirements include the following:

  • A minimum of 24 semester hours of accounting courses, to include courses in auditing, financial accounting, management accounting, and taxation; and
  • A minimum of 24 semester hours of business courses.  As many as six hours of accounting courses (not included in the 24 hours of accounting courses) may be considered for the business course requirement.

*Principles of Accounting courses (ACC 211-212) or introductory accounting courses cannot be considered in determining whether a person has obtained the minimum of 48 semester hours or equivalent required for an accounting concentration.

COURSE

TITLE

LEC.
HRS.

LAB.
HRS.

CRS.
CRE.

ACC 2211

Intermediate Accounting I

3

0

3

ACC 2312

Cost Accounting I

3

0

3

ACC 261

Principles of Federal Taxation I

3

0

3

ACC 241

Auditing I

3

0

3

TOTAL

12

0

12

COURSE

TITLE

LEC.
HRS.

LAB.
HRS.

CRS.
CRE.

ACC 2221

Intermediate Accounting II

3

0

3

ACC 217

Analyzing Financial Statements

3

0

3

ACC 215

Computerized Accounting

3

0

3

ACC 240

Fraud Examination

3

0

3

TOTAL

12

0

12

Total Minimum Credits for Career Studies Certificate in Accounting

24

05.10.17


1
Prerequisite is ACC 211 with a grade of "B" or higher.

2 Prerequisite is ACC 212 with a grade of "C" or higher.

ACCOUNTING

ACC 117 Essentials of Accounting 3 cr.

Covers reading and understanding financial statements, internal control requirements for safeguarding assets, and accounting procedures necessary to complete the entire accounting cycle, including journals, ledgers, and financial statements.Prerequisites: Placement in ENG 111 or placement in co-requisites ENG 111 and ENF 3. Competency in Math Essentials MTE 1-3 as demonstrated through the placement and diagnostic tests, or by satisfactorily completing the required MTE units, or equivalent.Lecture 3 hours per week.

ACC 134 Small Business Taxes 3 cr.

Introduces taxes most frequently encountered in business. Includes payroll, sales, property, and income tax. Studies the fundamentals of income tax preparation of business taxes for small businesses organized as proprietorships, partnerships, limited liability companies, and S-corporations. Includes income tax preparation related to business assets; business of the home; employment taxes; withholding and estimated taxes; Schedules C, SE and 1040; self-employed retirement plans; tip reporting and allocation rules, etc. Also includes discussion and practice in recording of payroll for a small business.Lecture 3 hours per week.

ACC 198 Seminar and Project: Accounting Capstone 3 cr.

Provides students an opportunity to integrate skills learned in prior accounting courses and apply those skills to the real-world practice of accounting through a business simulation project. Prepares students to complete the Certified Bookkeeper examination given by the American Institute of Public Bookkeepers (AIPB) using a review course prepared by the AIPB.Prerequisites: ACC 211 and ACC 134.Lecture 3 hours per week.

ACC 198 Seminar and Project: Accounting Capstone 4 cr.

Provides students an opportunity to integrate skills learned in prior accounting courses and apply those skills to the real-world practice of accounting through a business simulation project. Prepares students to complete the Certified Bookkeeper examination given by the American Institute of Public Bookkeepers (AIPB) utilizing a review course prepared by the AIPB.Prerequisite: ACC 211 with a grade of C or better.Prerequisite or Co-requisite: ACC 134.Lecture 4 hours per week.

ACC 211 Principles of Accounting I 3 cr.

Introduces accounting principles with respect to financial reporting. Demonstrates how decision-makers use accounting information for reporting purposes. Focuses on the preparation of accounting information and its use in the operation of organizations, as well as methods of analysis and interpretation of accounting information.Prerequisites: Placement in ENG 111 or placement in co-requisites ENG 111 and ENF 3. Competency in Math Essentials MTE 1-3 as demonstrated through the placement and diagnostic tests, or by satisfactorily completing the required MTE units, or equivalent.Lecture 3 hours per week.

ACC 212 Principles of Accounting II 3 cr.

Introduces accounting principles with respect to cost and managerial accounting. Focuses on the application of accounting information with respect to product costing, as well as its use within the organization to provide direction and to judge performance.Prerequisite: ACC 211 or equivalent or school approval.Lecture 3 hours per week.

ACC 215 Computerized Accounting 3 cr.

Introduces the computer in solving accounting problems. Focuses on operation of computers. Presents the accounting cycle and financial statement preparation in a computerized system and other applications for financial and managerial accounting. Introduces the QuickBooks accounting software program.Prerequisite: ACC 117 or ACC 211, or equivalent, or school approval.Lecture 3 hours per week.

ACC 217 Analyzing Financial Statements 3 cr.

Explains the generation and limitations of data, techniques for analyzing the flow of a business's funds, and the methods of selecting and interpreting financial ratios. Offers analytical techniques through the use of comprehensive case studies. Highlights the evolution of financial statement reporting, the conceptual framework, and GAAP analysis.Prerequisite: ACC 211 or equivalent.Lecture 3 hours per week.

ACC 221 Intermediate Accounting I 3 cr.

Covers accounting principles and theory, including a review of the accounting cycle and accounting for current assets, current liabilities, and investments. Also addresses wholesaler transactions and inventory, fixed assets, natural resources, and intangible assets. Introduces various accounting approaches and demonstrates the effect of these approaches on the financial statement users.Prerequisite: ACC 212 or equivalent.Lecture 3 hours per week.

ACC 222 Intermediate Accounting II 3 cr.

Continues accounting principles and theory with emphasis on accounting for fixed assets, intangibles, corporate capital structure, long-term liabilities, and investments. Consists of an extensive examination of topics for specified balance sheet accounts beyond the scope of a principles course. Focuses on the complex areas of balance sheet and income statement reporting for the corporate entity.Prerequisite: ACC 221 or equivalent.Lecture 3 hours per week.

ACC 231 Cost Accounting I 3 cr.

Studies cost accounting methods and reporting as applied to job order, process, and standard cost accounting systems. Includes cost control, responsibility accounting, capital budgeting, and pricing decisions.Prerequisite: ACC 212 or equivalent.Lecture 3 hours per week.

ACC 240 Fraud Examination 3 cr.

Covers the principles and methodology of fraud detection and deterrence. Provides an introduction to the various ways fraud and occupational abuses occur, methods to identify the risk of exposure to loss from fraud, and appropriate prevention, detection, and investigation approaches. Also, covers recent developments in e-commerce and consumer fraud and the legal options for victims of fraud.Lecture 3 hours per week.

ACC 241 Auditing I 3 cr.

Presents techniques of investigating, interpreting, and appraising accounting records and assertions. Studies internal control design and evaluation, evidence-gathering techniques, and other topics. Develops an understanding and appreciation of the philosophy of the audit process and its practice. Focuses on issues relevant to an external auditing professional, such as audit risk analysis, planning of audit engagements, internal controls, and substantive testing. Presents the preparation of audit working papers supporting an examination of the financial records and internal control procedures of an enterprise. Covers the report and opinion of the auditor to management, stockholders, and considers the ethical and legal responsibilities of the auditor.Prerequisite or Co-requisite: ACC 212 or equivalent.Lecture 3 hours per week.

ACC 261 Principles of Federal Taxation I 3 cr.

Presents the study of federal taxation as it relates to individuals and related entities. Includes tax planning, compliance, and reporting. Covers gross income, deductions, and credits. Includes tax compliance and reporting. Emphasizes personal tax burden minimization and preparation of personal tax returns.Prerequisite: ACC 211 or equivalent.Lecture 3 hours per week.


Name Program Email Phone
Sheila Betz Accounting CSC SBetz@reynolds.edu 804/523-5280
Glenna Bryant Accounting CSC GBryant@reynolds.edu 804/523-5490

 

Common Job Titles1: Accountant; Accounting Manager; Accounting Officer; Accounting Supervisor; Assurance Manager; Assurance Senior; Audit Manager; Audit Partner; Auditor; Auditor-in-Charge; Business Analyst; Certified Public Accountant (CPA); Cost Accountant; Financial Auditor; Financial Reporting Accountant; General Accountant; Internal Audit Director; Internal Auditor; Revenue Tax Specialist; Staff Accountant


Labor Market Statistics (Richmond, MSA)

Projected number of jobs by 2026: 7,688

Current Wage Range (Entry - Experienced): $49,200 - $86,500


Bright Outlook Bright Outlook occupations are expected to have rapid growth over the next 10-years (employment increase of 14% or more over the period of 2016-2026), are expected to have a high demand (projected to have 500 or more job openings in the Richmond, MSA over the period of 2016-2026), or are new and emerging occupations in high growth industries.

1 This program may prepare you for one or more of the listed jobs; however, graduates may not be qualified for all of the jobs listed in this section.

Reynolds Community College makes every attempt to provide students with the best, most accuarate information possible. The data was sourced from external agencies (O*NET and JobsEQ) on February 08, 2017.