Associate of Applied Business in Accounting and Financial Services

Hocking College’s Accounting and Financial Services program offers a wide variety of training to meet the needs of the accounting field. In this two-year associate degree program, students will learn non-profit accounting, cost accounting, payroll accounting, federal taxation and auditing. Course work in this Acounting Degree program includes training in the use of commercial software packages including Peachtree, MS Office, Drake and QuickBooks software. Hocking College provides training in all of these essential accounting courses to prepare students for work in this field. Working in accounting and financial services is as important today as it has ever been and this accounting degree program from Hocking College offers the necessary coursework and training to meet those important needs.

Accounting and Financial Services

The following outcomes are skills, behaviors and attitudes cultivated in students seeking the Associate of Applied Business in Accounting and
Financial Services:

  • Analyze and record business transactions in appropriate journals and ledgers, preparation of trial balance and worksheets with adjustments and the closing process including reversing entries.
     
  • Prepare and analyze financial statements and other supporting accounting documents to provide stakeholders with usable financial information for decision making.
     
  • Calculate and prepare payroll including all federal and state mandated payroll reports and accounting records.
     
  • Utilize the Cost Accounting cycle and the concepts of perpetual and periodic inventory methods, and standard costing to determine manufacturing costs, produce manufacturing specific financial statements, and aid in managerial accounting decision making.
     
  • Prepare individual, partnership, and corporate federal income tax returns including common types of income, adjustments, deductions, credits and additional taxes.
     
  • Perform necessary accounting tasks for Non-Profit and Governmental entities employing the concepts of encumbrances, budgets and fund balance and the preparation of industry specific financial statements.
     
  • Apply Auditing concepts including internal control, risk, audit trail, sampling, tests of controls and substantive tests, and auditor’s opinions to evaluate the effectiveness and efficiency of accounting processes.
     
  • Utilize current accounting software to record, analyze, and report financial data.

HOCKING COLLEGE

Associate of Applied Business in Accounting and Financial Services

Course of Study

For students entering May 2016


COURSE NO.FIRST SEMESTERClass HoursLab HoursCredit HoursCourse Fee
ACC-1101Financial Accounting I2.002.003.00$99.00
ACC-1120Payroll Accounting2.002.003.00$99.00
ACC-1130Desktop Machine Operations2.002.003.00$144.00
GS-1000HC Cornerstone1.000.001.00$80.00
MATH-1103Applied Mathematics2.002.003.00$132.00
ENGL-1510English Composition I4.000.004.00$50.00
Totals13.008.0017.00$604.00
 
COURSE NO.SECOND SEMESTERClass HoursLab HoursCredit HoursCourse Fee
ACC-1102Financial Accounting II3.002.004.00$99.00
ACC-1105Computerized Accounting2.002.003.00$144.00
ACC-1175Budgeting and Cost Containment3.000.003.00$40.00
COMM-1130Speech3.000.003.00$40.00
***Arts/Humanities Elective0.000.003.00
Totals11.004.0016.00$323.00
 
COURSE NO.THIRD SEMESTERClass HoursLab HoursCredit HoursCourse Fee
ACC-1220Non-Profit Accounting2.002.003.00$99.00
ACC-2200Cost Accounting3.002.004.00$99.00
ACC-2140Taxation3.002.004.00$109.00
ACC-2110Accounting Simulation2.000.002.00$30.00
ENGL-2223Business Writing3.000.003.00$40.00
Totals13.006.0016.00$377.00
 
COURSE NO.FOURTH SEMESTERClass HoursLab HoursCredit HoursCourse Fee
ACC-2230Intermediate Accounting3.002.004.00$99.00
ACC-2250Auditing (Capstone and SL)3.002.004.00$147.00
ACC-2210Cost Accounting Simulation1.002.002.00$109.00
ACC-2296Accounting Practicum1.008.002.00$125.00
***Social Science/Psychology Elective0.000.003.00
Totals8.0014.0015.00$480.00

TOTAL CREDIT HOURS:ESTIMATED TOTAL COURSE FEES:
64.00$1,784.00

Hocking College reserves the right to modify curricular requirements, to change course content, and change course fees at any time.

Accounting and Financial Services


U.S. News and World Report’s 2014 Best Jobs Issue ranked accounting as third best career. The unemployment rate in the accounting field is half the national average and the growth rate is 13%, expected for the next ten years, according to the U.S. Bureau of Labor Statistics’ most recent report. Demand for accounting professionals is at an all time high and projected to continue. The median salary for accountants in 2012 was $63,550 according to the Occupational Outlook Handbook. As a graduate of the Accounting and Financial Services program, you may be employed in a certified public accounting firm, bank, small business, manufacturing firm, or a non-profit organization such as a college, hospital or government agency.

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