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2018/2019 fcc catalog
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Credit Course Descriptions
Please note that all courses listed are not offered
every semester. Check the current schedule of classes
for course offerings.
Time Commitment for Academic
Success
At Frederick Community College, in all credit courses,
students are expected to invest a minimum of two
hours completing out-of-class course work for every
hour of in-class instructional time. For example,
in a 3-credit course, students experience at least
37.5 hours of instructional time and should invest a
minimum of 75 hours in out-of-class time preparing
for the course and completing assignments. In a
traditional 15-week, 3-credit course, this equates
to an average minimum of 5 hours per week. For
online and hybrid courses, students can expect active
instructional time and ‘out-of-class’course work
comparable to face-to-face courses with the same
number of credits.
Course Blackboard Requirements
Some course sections may require access to the
course Blackboard website. Students enrolled in
those courses are expected to participate through
the Blackboard format using their own or appropriate
college-available computers.
ACCT: Accounting
ACCT 100-Business Accounting (3)
Prerequisite: EN 70 or EN 75 or EN 51 or ESL
97 or ESL 70 OR Corequisite: EN 75
Demonstrates the accounting principles and
procedures used by a business in setting up
and maintaining records for reporting purposes.
Topics include the accounting cycle, preparation
of the financial statements, payroll and banking
procedures, and computerized recordkeeping.
ACCT 101-Principles of Accounting I (3)
Prerequisites: EN 70 OR (EN 50 and EN 51) OR
(ESL 94 and ESL 97) OR (ESL 70 and ESL 71)
Introduces the principles and procedures
related to accounting theory and practice.
The analysis of transactions under generally
accepted accounting principles (GAAP) and
their relationship to the financial statements
are covered from a user's perspective.
ACCT 102-Principles of Accounting II (3)
Prerequisite: ACCT 101
Continues the study of financial accounting
principles and procedures from ACCT 101, with
emphasis on the corporate form of business
organization. Students will also be introduced
to managerial accounting concepts used for
planning and controlling the business enterprise.
ACCT 111-Microcomputer Software
Applications: Computerized Accounting (3)
Prerequisites: (CIS 101 or COS 116D)
and (ACCT 100 or ACCT 101)
Demonstrates the use of commercial software
in managing the accounting functions of a
business enterprise. Using a hands-on approach,
students will learn how to set up a fully integrated
accounting system to record sales invoices,
collections, purchase invoices, disbursements, and
payroll transactions. Students will also set up and
maintain inventory and accounts receivable/payable
subsidiary ledgers and prepare financial reports.
ACCT 117-Payroll Accounting (3)
Prerequisites: (EN 70 or EN 75) OR [(EN 50A or EN
61) and EN 52] OR (ESL 95 and ESL 99) OR (ESL
72 and ESL 73) AND (ACCT 100 or ACCT 101)
Examines the concepts, regulations, laws and
procedures related to payroll accounting.
The course is comprehensive and detailed to
prepare students to be competent to account
for the payroll of all businesses. Includes hands-
on preparation of all payroll forms, schedules,
records, and applications of different systems.
ACCT 201-Intermediate Accounting I (4)
Prerequisite: (ACCT 100 & ACCT 101)
or (ACCT 101 & ACCT 102)
Reviews generally accepted accounting
principles and the conceptual framework of
financial accounting. Provides an intensive
study of accounting procedures, work papers,
financial statement preparation, and disclosure
of financial statement items. Analyzes revenue
recognition concepts and the proper accounting
for cash, receivables, and inventories.
ACCT 202-Intermediate Accounting II (4)
Prerequisites: ACCT 100 and ACCT 101, or
ACCT 101 and ACCT 102, or ACCT 201
Provides an intensive study of accounting for
tangible and intangible assets, current and
non-current liabilities, stockholders’equity, and
investments. Emphasis is placed on proper
accounting and financial statement disclosure
of earnings per share, leases, deferred income
taxes, and accounting changes, with an analysis
of time value of money applications.
ACCT 203-Managerial Cost Accounting (3)
Prerequisite: ACCT 101
Presents accounting information that is used by
managers for planning, directing and controlling
the business. Both short-term operational planning
and long-term strategic planning concepts are
covered. Specific topics include accounting for
product costs vs. period costs, job-order costing
and process costing, cost behavior analysis, Cost-
Volume-Profit (CVP) decision making, activity-abased
and standard costing, and capital budgeting.
ACCT 205-Federal Income Tax Accounting (3)
Prerequisite: ACCT 100 or ACCT 101
Covers current federal revenue acts as they
relate to business and individual tax procedures.
Includes income inclusions and exclusions,
exemptions, capital gains and losses and business
and individual deductions. Encourages use of tax
forms but requires independent analysis of taxable
status and handling income-expense items.
ACCT 206-Federal Taxation:
Corporations and Partnerships (3)
Prerequisite: ACCT 205
Focuses on the federal taxation rules as they apply
to corporations, partnerships, estates and trusts.
ACCT 214-Auditing (3)
Prerequisites: ACCT 100 and ACCT 101
or ACCT 101 and ACCT 102
Examines auditing principles and their
application to the examination of financial
statements. Special attention to authoritative
pronouncements, internal control, auditing
procedures and working papers as well as
professional ethics and responsibilities. Students
perform an auditing case study outside of class.
ACCT 216-Governmental and Not-
for-Profit Accounting (3)
Prerequisites: ACCT 100 and ACCT 101
OR ACCT 101 and ACCT 102
Introduces the environment, characteristics,
principles, and practices associated with
governmental and not-for-profit accounting.
Major areas explored include fund accounting,
fund types, revenue and expenditure
recognition, and financial reporting.
ACCT 233-Applied Accounting (3)
Prerequisites: ACCT 111, ACCT 201, CIS 111E
Provides students with hands-on experiences
completing the daily duties and tasks required of a
staff accountant. During the first half of the course,
students review the accounting concepts related to
the duties and tasks. During the second half of the
course, students apply their knowledge of accounting
principles and procedures to complete the duties
and tasks. Students work in a simulated business
environment using accounting application software.