Students in class

Accounting

Certificate

PURPOSE: The rapid expansion of business and industry in Virginia has created a large, steady demand for qualified personnel to assist in the preparation and interpretation of accounting and financial information. The certificate in Accounting is designed for persons who are seeking their first full-time employment in the accounting field immediately upon completion of the curriculum. In addition, the program is designed for persons presently employed in accounting who desire to increase their knowledge and update their skills.

OCCUPATIONAL OBJECTIVES: The certificate in Accounting prepares graduates for employment in any of the following occupations: Accounts Receivable Clerk, Accounts Payable Clerk, Payroll Clerk, Inventory Clerk, and other clerical positions in accounting.

ADMISSION REQUIREMENTS: General college curricular admission

PROGRAM NOTES: The Accounting Certificate requires that students have the following competencies: (1) 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, and (2) competencies in reading and writing as demonstrated by placement in ENG 111 or placement in co-requisites ENG 111 and ENF 3.

Students should consult with their faculty advisor in choosing electives or course substitutions. All program electives and course substitutions must be approved in writing by the Accounting program head.

The Accounting Certificate may transfer at the student’s option directly into the Accounting AAS degree.

COMPUTER COMPETENCY REQUIREMENT: Students in this program will meet the college’s computer competency requirement by successfully completing ITE 115. Students can also meet this requirement by passing the college’s computer competency exam, administered in the testing centers on each campus, in which case they will receive college credit for ITE 115. Students not passing the computer competency exam may retake the exam only once.

GAINFUL EMPLOYMENT DISCLOSURE INFORMATION: Please see www.reynolds.edu/curriculum/Gainful%20Employment/GE_Info_202.aspx to access gainful employment disclosure information for this program.

COURSE

TITLE

LEC.
HRS.

LAB.
HRS.

CRS.
CRE.

ACC 117

Essentials of Accounting

3

0

3

ITE 115

Introduction to Computer Applications and Concepts

3

0

3

ENG 111

College Composition I

3

0

3

SDV 100

College Success Skills

1

0

1

TOTAL

10

0

10

ACC 134

Small Business Taxes

3

0

3

ACC 211

Principles of Accounting I

3

0

3

ACC 215

Computerized Accounting

3

0

3

ECO 201

Principles of Economics I – Macroeconomics

3

0

3

TOTAL

12

0

12

ACC 1981

Seminar and Project: Accounting Capstone

4

0

4

CST 110

Introduction to Speech Communication

3

0

3

ACC 212

Principles of Accounting II

3

0

3

ITE 140

Spreadsheet Software

3

0

3

TOTAL

13

0

13

Total Minimum Credits for Certificate in Accounting     35

01.10.17

1 Prerequisite is ACC 211 with a grade of “C” or higher.  ACC 134 can be prerequisite or co-requisite.

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
Glenna Bryant Accounting C gbryant@reynolds.edu 523-5490
Sheila Betz Accounting C sbetz@reynolds.edu 523-5280

Common Job Titles1: Account Clerk; Account Receivable Clerk; Accounting Assistant; Accounting Associate; Accounting Clerk; Accounts Payable Clerk; Accounts Payable Specialist; Accounts Payables Clerk; Accounts Receivable Clerk; Bookkeeper


Labor Market Statistics (Richmond, MSA)

Projected number of jobs by 2026: 7,955

Current Wage Range (Entry - Experienced): $27,400 - $45,500


Common Job Titles1: Accounting Technician; Human Resources Assistant (HR Assistant); Payroll Administrator; Payroll Assistant; Payroll Clerk; Payroll Coordinator; Payroll Manager; Payroll Representative; Payroll Specialist; Payroll Technician


Labor Market Statistics (Richmond, MSA)

Projected number of jobs by 2026: 813

Current Wage Range (Entry - Experienced): $33,100 - $47,400


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.