Last Updated
8/22/2024 2:58:13 PM
Accounting/Finance, Associate in Applied Science
Total Program Credits: 60-61
The Accounting/Finance curriculum includes the study of theory and practice for accounting procedures, cost accounting, income tax procedures and the application of data processing to accounting and financial problems.
Provides the minimum accounting requirements needed to enter the accounting profession as an accounting clerk or as an entry-level member of an accounting staff in many small to medium-sized businesses.
While the accounting curriculum is designed with the career student in mind, many of the courses contained in it will transfer to a four-year college.
Program Learning Outcomes
Upon successful completion of the Associate in Applied Science Degree in Accounting/Finance program, the graduate will be able to:
- assemble the entire accounting cycle by analyzing business transactions, composing journal entries, preparing trial balances, and reporting the results in the financial statements;
- differentiate between job and process costing, and journalize transactions under each costing system;
- compute and interpret variances in the standard costing system;
- evaluate financial statements using horizontal, vertical, and ratio analysis;
- calculate ending inventory cost and cost of goods sold using First In First Out and Last In First out inventory costing methods under the periodic and perpetual system;
- prepare the Statement of Cash Flows using the Indirect Method, and reconcile the ending cash balance with the Balance Sheet; and
- calculate present and future values of cash flows and annuities by using the time value of money concept.
(Fall 2022)
Placement Measures
Program Map for Students
| ACC 101 ◊ Financial Accounting | Core Course | 4 |
| BUS 107 ◊ Microsoft Office in Business Applications | Core Course | 3 |
| BUS 129 ◊ Personal Finance | Core Course | 3 |
| BUS 141 ◊ Introduction to Business | Core Course | 3 |
| RHT 101 ◊ # Freshman Rhetoric & Composition I | Communications Gen-ed | 3 |
| Total Semester Credits: | 16 |
| Meet with your Academic Advisor to create an academic plan.
Explore transfer institutions and admissions requirements by attending transfer events (if intending to transfer). |
Note: Grade of “C” or higher is an IAI requirement for RHT 101◊ and RHT 102◊.
| ACC 105 # ◊ Managerial Accounting | Core Course | 3 |
| ACC 200 ◊ # Microsoft Excel for Accounting and Business | Core Course | 3 |
| BUS 161 ◊ Business Law I | Core Course | 3 |
| ECO 102 ◊ Macroeconomics | Social and Behavioral Science Gen-ed | 3 |
| | | |
| BUS 146 ◊ Business Computations | Core Course | 3 |
| OR | | |
| MAT 110 ◊ # College Algebra | Core Course | 3 |
| Total Semester Credits: | 15 |
| Meet with your Academic Advisor to update your academic (and transfer plan, if intending to transfer).
If intending to transfer, create a Transferology account to explore how coursework transfers and attend a Transfer 101 Workshop. |
Note: For students intending to go directly into the workforce take BUS 146◊. (BUS 146◊ and MAT 110◊ meets Triton's Mathematics and/or Science general education requirement.)
| ACC 251 # ◊ Intermediate Accounting I | Core Course | 4 |
| ACC 266 # ◊ Cost Accounting | Core Course | 3 |
| BUS 212 ◊ # Principles of Finance | Core Course | 3 |
| SPE 101 ◊ # Principles of Effective Speaking | Communications Gen-ed | 3 |
| Take Credits Humanities and Fine Arts | Fine Arts Gen-ed Humanities Gen-ed | 3-4 |
| Total Semester Credits: | 16-17 |
| Meet with your Academic Advisor to update your academic (and transfer plan, if intending to transfer).
Attend a Ready to Apply Workshop. (Minus the GECC Credential) |
| ACC 252 # ◊ Intermediate Accounting II | Core Course | 4 |
| ACC 257 # ◊ Principles of Auditing | Core Course | 3 |
| | | |
| BUS 149 ◊ Elementary Statistics | Core Course | 3 |
| OR | | |
| ECO 170 ◊ # Statistics for Business and Economics | Mathematics Gen-ed | 3 |
| | | |
| BUS 262 ◊ # Business Law II | Core Course | 3 |
| Total Semester Credits: | 13 |
| Meet with your Academic Advisor to finalize your transfer plan and apply to your transfer institution(s) if intending to transfer.
Submit graduation petition by deadline (check for the specific date in catalog or syllabi.) |
See Associate in Applied Science Graduation Requirements by discipline: http://triton.smartcatalogiq.com/sitecore/content/2022-2023/Triton-College-Catalog/Applied-Science-Programs/Associate-in-Applied-Science-Degree-Requirements
See ACC course descriptions; BUS course descriptions
Chairperson: Dr. William M. Griffin, Ext. 3579
KEY
(AAS/CERT) |
| General Education |
Communications, Fine Arts, Humanities, Life Science, Mathematics, Physical Science, Social and Behavioral Science (see individual degree requirements). |
| Core Course |
Course(s) listed in a semester the student is required to take. |
| Program Elective |
Course(s) that faculty recommend and are listed in the ‘Program Electives’ section (if any) for this program. |
If intending to transfer, choose courses accepted by your transfer institution. |
| General Elective |
Course(s) chosen by the student, if needed, above and beyond core courses and program electives (if any), to complete the Program Total Credits. |
| ◊ symbol |
This course is articulated. (course transfers to 3 or more Illinois State schools, as an elective or equal course-to-course) |
| # symbol |
This course has a prerequisite. (course(s) student takes prior to taking this course) |