Accounting

Program Description

Craven Community College’s Accounting curriculum is designed to provide students with the knowledge and the skills necessary for employment and growth in the accounting profession. Using the language of business, accountants assemble, analyze, process, and communicate essential information about financial operations.

For degree completion, students are required to successfully complete 69 semester hour credits (SHC) of courses. Students study financial and managerial accounting, taxes, governmental and not-for-profit accounting, bookkeeping, auditing, and payroll accounting. In addition to 10 required courses in accounting principles, theories, and practice, students learn about business law, general business, and economics. Related skills are developed through the study of communications, social sciences and humanities, and computer applications. Students may complete the program online, as well as in traditional face-to-face formats.

Craven Community College’s Accounting Program is accredited by the Accreditation Council of Business Schools and Programs.

Admission Criteria

Admission to this program requires that students be high school graduates or have a recognized equivalency. 

Program Learning Outcomes

Graduates of this program will be able to:

  • Analyze, classify and record transactions for profit and non-profit organizations.
  • Demonstrate mastery of accounting skills for
    1. adjusting entries,
    2. correction of accounting errors,
    3. payroll,
    4. inventory,
    5. depreciation, and
    6. internal controls and fraud prevention.
  • Demonstrate an understanding of federal and state tax law.

Career Opportunities

The Accounting program prepares students to begin their careers assisting accountants as full-charge bookkeepers, junior accountants, accounting clerks, or office managers. An accounting assistant provides bookkeeping capabilities to a variety of employers through such responsibilities as accounts receivable/payable, payroll, balance sheets, income statements, billing, and bank statement reconciliation. Entry level accounting positions are offered in many types of organizations, including:

  • accounting firms
  • small businesses
  • manufacturing firms
  • banks
  • hospitals
  • school systems
  • governmental agencies

With work experience and additional education, an individual may advance in the accounting profession.

Contact Information

Associate Dean of Career Programs
252-638-7372

Dean of Career Programs
252-638-4550

Admissions Office
252-638-7430

Degrees and Certificates

Courses

ACC-120: Principles of Financial Accounting

Credits 4

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.

This course has been approved to satisfy the Comprehensive Articulation Agreement for transferability as a premajor and/or elective course requirement.

ACC-121: Principles of Managerial Accounting

Credits 4

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.

This course has been approved to satisfy the Comprehensive Articulation Agreement for transferability as a premajor and/or elective course requirement.

ACC-130: Business Income Taxes

Credits 3

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.

ACC-131: Federal Income Taxes

Credits 3

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.

ACC-140: Payroll Accounting

Credits 2

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.

ACC-150: Accounting Software Applications

Credits 2

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.

ACC-180: Practices in Bookkeeping

Credits 3

This course provides advanced instruction in bookkeeping and record-keeping functions. Emphasis is placed on mastering adjusting entries, correction of errors, depreciation, payroll, and inventory. Upon completion, students should be able to conduct all key bookkeeping functions for small businesses.

ACC-215: Ethics in Accounting

Credits 3

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.

ACC-220: Intermediate Accounting I

Credits 4

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.

ACC-225: Cost Accounting

Credits 3

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.

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

Credits 3

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.

ACC-269: Auditing & Assurance Services

Credits 3

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.