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Course Descriptions     Course Descriptions PDF       Page 1 of 30   »»» Advanced Search Academic Freshman Program ACAD101 Freshman Seminar Credits: 1 This course is concerned with helping first semester students adapt to college life at Massasoit. It aids students in exploring their personal values and reasons for seeking a college education. The students become familiar with the college's resources, policies, and procedures. Further, they develop skills in stress management, reduction of test anxiety, effective note-taking and test-taking techniques, career planning, decision making, and educational goal setting. ACAD103 College Experience Credits: 3 This course is concerned with helping first semester students adapt to college life at Massasoit. It aids students in exploring their personal values and reasons for seeking a college education. The students become familiar with the college's resources, policies, and procedures. Further, they develop skills in stress management, reduction of test anxiety, effective note-taking and test-taking techniques, career planning, decision-making, educational goal setting, mediation and leadership. This course is required of all students who test into two or more developmental courses (Fundamentals of Mathematics (MATH010), Preparing for College Reading I (ENGL091), Preparing for College Reading II (ENGL092), or Introductory Writing (ENGL099)). Any full-time student (day or evening) taking 12 or more credits in a semester who tests into two or more developmental courses must take this course in the first semester. Any part-time student (day or evening) who tests into two or more developmental courses must take this course before proceeding beyond nine credits. ACAD120 Self-Assessment and Career Planning Credits: 3 This course is designed to enable each participant to appraise himself/herself in relation to his/her career choice. The course includes experiences that stimulate a more accurate appraisal of interests and abilities; a lessening of stress involved in choosing and then planning for a technical career; and an exploration of the various worlds of technical careers. The second part of the course focuses on the development of appropriate job-readiness skills, attitudes, and behaviors. A variety of class experiences are involved, including group discussions, human relations and other simulation games, vocational and aptitude testing, assessment, and role-playing. Prerequisite: Preparing for College Reading I (ENGL 091), waiver by placement testing results, or permission of instructor. ACAD400 Special Study in Academic Support Credits: 1 This course involves independent work on a selected topic under the direction of members of the Department of Academic Support. Limited to 2 courses per student Prerequisite: Approval of the Department Chair and Division Dean Accounting ACCT103 Survey of Accounting Credits: 3 This is an accounting course designed for non-business majors. Emphasis is on record keeping systems for service and merchandising concerns. The accounting cycle through trial balance, adjustments, and financial reports are studied. Topics include control of cash, receivables and payables as well as worksheets, bank reconciliations, and payroll. Prerequisites: Preparing for College Reading II (ENGL 092), Introductory Writing (ENGL 099) and Fundamentals of Mathematics (MATH 010), or waiver by placement testing results or Departmental Approval. ACCT105 Principles of Financial Accounting I Credits: 4 This course is an introduction to accounting concepts and principles. Topics cover the accounting cycle, recording transactions, adjustments, the worksheet, financial statement preparation, and closing the accounts. Accounting systems, current assets, current liabilities including cash, receivables, inventories, payables, and payroll are also covered. Methods of depreciation are included. The emphasis is on the sole proprietorship form of business organization for both service and merchandising firms. Computer applications are integrated. Prerequisites: Preparing for College Reading II (ENGL 092), Introductory Writing (ENGL 099), and Fundamentals of Mathematics (MATH010), or waiver by placement testing results, or Departmental Approval. ACCT106 Principles of Financial Accounting II Credits: 4 This course further develops an appreciation of the role of principles, concepts, conventions, and ethics in today's accounting environment. Long-term assets including plant and equipment, natural resources, intangibles, and investments are covered. Accounting for liabilities, both current and long-term, are explored. Partnership and corporate accounting are studied. Cash flow statements and the techniques of financial statement analysis are presented. The tax consequences of various business decisions are examined. Relevant computer applications are integrated. Prerequisite: Principles of Financial Accounting I (ACCT 105). Co/Prerequisite: Computerized Business Applications (ACCT 302) or Departmental Approval. ACCT107 Principles of Managerial Accounting Credits: 4 This course is an introductory course in the uses of accounting data for management decisions. It is concerned with identifying, measuring, developing, and communicating accounting information to management for the purposes of planning, information processing, controlling, and decision-making. Topics include cost identification, cost behavior, cost-volume-profit relationships, manufacturing costs and systems, budgeting, including master budgets and flexible budgets, responsibility accounting, cost control, time value of money, just-in-time systems, and not-for-profit accounting. Coverage also extends to cash flows and financial-statement analysis. Computerized applications are assigned as part of the course requirements utilizing spreadsheets and other related applications. Prerequisite: Principles of Financial Accounting I (ACCT 105). Co/Prerequisite: Computerized Business Applications (ACCT 302) or Departmental Approval. ACCT111 Financial Statement Analysis Credits: 3 This course is designed to provide a comprehensive and up-to-date coverage of the process and purposes of analysis of Financial Statements (both external as well as internal). Coverage commences with an overview of the objectives of Financial Statement Analysis and the environment in which data is provided. Specific inclusions will cover both short-term and longer term techniques for analysis of the Balance Sheet of Business Operations and of Capital Structure. Also included will be a comprehensive analysis of a prepared set of Financial Statements. Prerequisite: Financial Accounting II (ACCT 106) or Managerial Accounting (ACCT 107). ACCT112 Payroll Applications/QuickBooks Credits: 3 This course is designed to introduce students to accounting applications that are commonly computerized in a business environment. Topics include coverage of payroll accounting systems and general ledger applications using QuickBooks. Other business applications may include inventory management and fixed asset tracking. This course provides students the opportunity to apply the concepts to both a manual and a computerized accounting system using the computer facilities. Prerequisites: Preparing for College Reading II (ENGL 092), Introductory Writing (ENGL 099), and Fundamentals of Mathematics (MATH 010), or waiver by placement testing results, or Departmental Approval. ACCT198 Accounting Elective Credits: 1 This course number is assigned to an entry-level course accepted in transfer that does not directly align with a course offered by Massasoit. ACCT201 Intermediate Accounting I Credits: 3 This course encompasses a review of accounting concepts and principles, the accounting cycle, and financial statement preparation. An in-depth study of assets including cash, temporary investments, receivables, inventories, plant and equipment, and intangibles completes the course. Spreadsheet applications will be used as a device to enhance the calculations and presentation of Financial Accounting data. Prerequisite: Principles of Financial Accounting II (ACCT 106). ACCT211 Taxation Credits: 3 Taxation is a survey of federal tax structure as it applies to both individuals and corporations. In addition, there is a complete detailed exposure to tax responsibilities, tax calculations, tax implications, and tax filing for individuals at the state and federal levels. Current taxation practices are of prime concern as well as the implications of tax considerations on future individual decisions. When time allows, partnership and special tax entities are discussed. Prerequisites: Preparing for College Reading II (ENGL 092), Introductory Writing (ENGL 099), and Fundamentals of Mathematics (MATH 010), or waiver by placement testing results, or Departmental Approval. ACCT221 Cost Accounting Credits: 3 This course is an introduction to basic cost theory and practice. Cost systems and analytical uses of cost data by management are surveyed. Job order process and operation cost systems and standard cost approaches to such systems are completed. Cost/volume/profit relationships, cost-behavior patterns, and comprehensive and flexible budgeting are also introduced. Cost applications cover manufacturing as well as merchandising and service applications for both profit and not-for-profit entities. Prerequisite: Managerial Accounting (ACCT 107). ACCT298 Accounting Elective Credits: 1 This course number is assigned to an upper-level course accepted in transfer that does not directly align with a course offered by Massasoit. ACCT302 Computerized Business Applications Credits: 3 This course is designed to introduce students to business applications that are commonly computerized in a business environment. It examines accounting information systems (AIS) within the context of the total management information system (MIS). Topics such as a general ledger package, spreadsheet applications, and various managerial and financial decision models are included. This course provides students with the opportunity to experience the actual implementation of software packages using the facilities of the computer lab. Prerequisite: Principles of Accounting I (ACCT 105) or Departmental Approval. ACCT303 Peachtree Accounting Credits: 3 This course is designed to give students a realistic exposure to Peachtree Accounting, a commercial general ledger software package. A real business environment will be simulated through the use of source documents to illustrate actual business transactions. Topics such as a company ledger setup for both retail and service type organizations, general journal entries, invoicing, customer statements, and receiving payments are included. Purchasing and vendor payments along with the entire payroll cycle will be covered. Advanced topics of inventory control, job costing, and budgeting may also be included. Prerequisites: Preparing for College Reading II (ENGL 092), Introductory Writing (ENGL 099), and Fundamentals of Mathematics (MATH 010), or waiver by placement testing results, or Departmental Approval. ACCT304 Peachtree Accounting I Credits: 1 This module is designed to demonstrate the application of a commercial general ledger software package to a service firm. Peachtree will be used in the computer lab to open a chart of accounts, record cash payments from customers, and invoice clients that will pay in the future. Supplies and utilities used in the service business will be purchased using cash (Write Checks command) and purchased on account, where the vendor is paid at a later date. Peachtree will be used to prepare Income Statements, Statement of Owner Equity, and Balance Sheets on a monthly and annually basis. Prerequisite: Priniciples of Accounting I (ACCT 105). ACCT305 Peachtree Accounting II Credits: 1 This module is designed to demonstrate the application of a commercial general ledger software package to a retail firm. In addition to the topics discussed in module one, Peachtree will be used in the computer lab to open inventory accounts and record the purchase cycle from preparing the Purchase Order, to receiving the inventory to recording the vendor Invoice and preparing cash payments to the vendors. Sales of merchandise for cash and on account receivable and preparation of a monthly customer statement and subsequent receipt of cash from the customer will be covered. Discounts like 2/10N30 will be applied to both sales and purchases. Peachtree will be used to prepare Income Statement of Owner Equity, and Balance Sheets on a monthly and annually basis. Prerequisite: Peachtree Accounting I (ACCT 304). ACCT306 Peachtree Accounting III Credits: 1 This module is designed to demonstrate the application of a commercial general ledger software package to a job order business. A good example of this type of business is a plumbing company where each individual job is open to bid, the proposal is accepted, the work is completed, and the customer is billed. Peachtree will be used in the computer lab to open individual job sheets, accumulate the cost of material and labor for each job, and calculate the profit margin on each job. Payroll will be covered using time sheets, hourly labor rates, and pay schedules for salaried employees. Peachtree will be used to prepare Income Statements, Statement of Owner Equity, and Balance Sheets on a monthly and annually basis. Prerequisite: Peachtree Accounting II (ACCT 305). ACCT400 Tax Assistance Internship Credits: 3 This course is designed to train students to provide a community service of free tax assistance with a basic return to elderly, low-income, disabled and others within the student population. Students will establish and operate a VITA program in the college community. This involves securing community sites, scheduling volunteers, arranging publicity, securing necessary tax forms and supplies, coordinating the efforts with the local IRS VITA coordinator, and providing tax assistance. These responsibilities will be delegated among those participating in the course. Students are required to pass an IRS exam, volunteer 40 hours during the semester for tax preparation, and complete papers summarizing their experience in the course. Prerequisite: Taxation (ACCT 211) or Permission of Instructor.       Page 1 of 30   »»» Advanced Search
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