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Accounting & Financial Services

Accounting and Financial Services

Accounting and Financial Services

Key Program Features: Real-world experience, small class sizes, hands-on learning, professional opportunities, and an engaging faculty.

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 cost accounting, payroll accounting, federal taxation and auditing. Course work in this Accounting Degree program includes training in the use of commercial software packages including MS Office 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.


Interested in learning more about this program? Download 'The Ultimate Guide To Becoming An Accountant' here.


 

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. 

 

Additional Outcomes

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Hocking College

2018 - 2019 Associate of Applied Business in Accounting and Financial Services

Total Credit Hours:
60.00 - 61.00

Estimated Course Fees:
$1,739.00 — $1,789.00

Class Hours: 29.0
Lab Hours: 31.0

Total Credit Hours:
64.0

Estimated Course Fees:
$1,834.00

Class Hours: 47.0
Lab Hours: 34.0

 

Hocking College Reserves the right to modify curricular requirements, to change course content, and change course fees at any time.
  COURSE NO. FIRST SEMESTER Class Hours Lab Hours Credit Hours Course Fee
  ACC-1101 Financial Accounting I 2.00 2.00 3.00 $99.00
  ACC-1120 Payroll Accounting 2.00 2.00 3.00 $99.00
  GS-1001 HC Cornerstone 1.00 0.00 1.00 $80.00
  MATH-1103 Applied Mathematics 2.00 2.00 3.00 $182.00
  OR Math-1113 College Algebra 4.00 0.00 4.00 $132.00
  BUS-2247 Microsoft Excel for Windows 2.00 2.00 3.00 $190.00
    Totals 9.00 - 13.00 6.00 - 8.00 13.00 - 14.00 $600.00 - $650.00

  COURSE NO. SECOND SEMESTER Class Hours Lab Hours Credit Hours Course Fee
  ACC-1102 Financial Accounting II 3.00 2.00 4.00 $99.00
  ACC-1105 Computerized Accounting 2.00 2.00 3.00 $144.00
  ACC-2240 Managerial Accounting 2.00 2.00 3.00 $40.00
  HUM-2203 Introduction to Ethics 3.00 0.00 3.00 $15.00
  ENGL-1510 English Composition I 4.00 0.00 4.00 $50.00
    Totals 14.00 6.00 17.00 $348.00

  COURSE NO. THIRD SEMESTER Class Hours Lab Hours Credit Hours Course Fee
  ACC-2200 Cost Accounting 3.00 2.00 4.00 $99.00
  ACC-2140 Taxation 3.00 2.00 4.00 $109.00
  BUS-1200 Business Law 3.00 0.00 3.00 $40.00
  COMM-1130 Speech 3.00 0.00 3.00 $40.00
    Totals 12.00 4.00 14.00 $288.00

  COURSE NO. FOURTH SEMESTER Class Hours Lab Hours Credit Hours Course Fee
  ACC-2230 Intermediate Accounting 3.00 2.00 4.00 $99.00
  ACC-2250 Auditing (Capstone and SL) 3.00 2.00 4.00 $147.00
  ACC-2296 Accounting Practicum 1.00 8.00 2.00 $125.00
  ECON-1140 Principles of Microeconomics 2.00 2.00 3.00 $92.00
  ENGL-2223 Business Writing 3.00 0.00 3.00 $40.00
    Totals 12.00 14.00 16.00 $503.00
FIRST SEMESTER
Class Hours: 13.00
Lab Hours: 8.00
Cost: $654.00

SECOND SEMESTER
Class Hours: 11.00
Lab Hours: 4.00
Cost: $323.00

THIRD SEMESTER
Class Hours: 13.00
Lab Hours: 6.00
Cost: $377.00

FOURTH SEMESTER
Class Hours: 8.00
Lab Hours: 14.00
Cost: $480.00

Additional Resources

A Career in Accounting Delivers a Future of Financial Success


Accounting & Financial ServicesThe demand for accountants and auditors has grown faster than average.

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.

 

View the occupational profile


Interested in learning more? Download The Ultimate Guide To Becoming An Accountant!

Download the E-Book Here!

Student Learning Outcomes 

Student Learning Outcomes (SLOs) are statements of what a student will be able to do when they have completed a program. They represent the knowledge and skills a program has determined are most important for students to gain from that program and include both the Success Skills (institutional outcomes) and Program Outcomes. SLOs are specific and measurable so the program can accurately assess the degree to which students have achieved each outcome, and they align with college and institution mission and values. Data on the achievement of SLOs is used to make improvements in the program and increase student success. 

Success Skills

  • CE - Communicates Effectively
  • PA - Maintains Professional Skills and Attitudes
  • CT - Demonstrates Learning Critical Thinking, and Problem Solving Skills
  • ET - Maintains a Code of Ethics
  • HR - Practices Human Relations Skills
  • MS - Demonstrates Math Skills
  • GA - Demonstrates Community, Cultural and Global Awareness
  • IT - Implements Career-Appropriate Technology

To learn more about each of these, click here.

Program Outcomes

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.

Retention Rates

Retention rates are determined by the office of Institutional Research utilizing the following criteria:
  • All registered fall/autumn students with registration status for the following fall/autumn.
  • Excludes special populations - College Credit Plus, Non Degree, Online Military and University Center.
  • Potential for upcoming fall/autumn excludes graduates from that fall/autumn, spring and summer terms.
Academic Year Retention Rate
2016 - 2017 68%
2015 - 2016 42%
2014 - 2015 61%

2017 - 2018 Retention Rate: N/A

2016 - 2017 Retention Rate: N/A

2015 - 2016 Retention Rate: N/A

2014 - 2015 Retention Rate: N/A

2013 - 2014 Retention Rate: N/A

 

Graduation Rates 

Graduation rates are determined by the office of Institutional Research. To ensure appropriate time for data collection, this report will be run and posted annually in the last week of September for the previous academic year. It should be noted that annual graduation rates may change as students continue to graduate. The following criteria will be utilized for the calculation of graduation rates:

  • Overall Program Completion Rate is defined as a percentage of the ratio: 

    All graduates of the program
    _________________________________________________________________
    All students with the program in their history of programs of study

  • For the purposes of reporting, the program completion rates are aggregated by academic year of entry.
  • A student is considered to have completed or graduated from a program or certificate by virtue of having been awarded the degree or certificate.
  • A student is considered to be undertaking activity in a program of study for the duration of time that they are in an active status in a program or certificate. This is defined by having a Program of Study with a status of ‘A’ during the duration of time they are taking coursework.  Should a student move in and out of active status in a program of study while continuing to take coursework, we only take into account the student’s activity while the program has an active status for that particular program of study.
Academic Year Graduation Rate
2016 - 2017 26.09%
2015 - 2016 31.91%
2014 - 2015 26.79%

2017 - 2018 Graduation Rate: N/A

2016 - 2017 Graduation Rate: N/A

2015 - 2016 Graduation Rate: N/A

 

2017 - 2018 Employment Rate: N/A

2016 - 2017 Employment Rate: N/A

2015 - 2016 Employment Rate: N/A

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