Last Updated

8/22/2024 2:51:36 PM

Accounting/Finance, Associate in Applied Science

Pathway:

Accounting/Finance

Certificate Type:

Associate in Applied Science

Curriculum Code:

BUS.ACC.AAS (C206A)

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 requirements needed to enter the accounting/finance profession as an accounting clerk or as an entry-level financial or accounting staff member 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:

  1. Assemble the entire accounting cycle by analyzing business transactions, composing journal entries, preparing trial balances, and reporting the results in the financial statements.
  2. Differentiate between job and process costing, and journalize transactions under each costing system.
  3. Compute and interpret variances in the standard costing system.
  4. Evaluate financial statements using horizontal, vertical, and ratio analysis.
  5. 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.
  6. Prepare the Statement of Cash Flows using the Indirect Method, and reconcile the ending cash balance with the Balance Sheet.
  7. Calculate present and future values of cash flows and annuities by using the time value of money concept.
 (Reviewed Fall 2023)

Placement Measures

Program Map for Students

Semester One: Fall

CourseCategoryCredits
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
Next StepsMeet 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◊.

Semester Two: Spring

CourseCategoryCredits
ACC 105 # Managerial Accounting

Core Course

3

ACC 200 # Microsoft Excel for Accounting and Business

Core Course

3

BUS 212 # Principles of Finance

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
Next StepsMeet 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.)

Semester Three: Fall

CourseCategoryCredits
ACC 251 # Intermediate Accounting I

Core Course

4

ACC 266 # Cost Accounting

Core Course

3

BUS 161 Business Law I

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
Next StepsMeet 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)

Note: Grade of ‘C’ or higher is an IAI requirement for RHT 101◊ and RHT 102◊. Students must complete RHT 101◊, with SPE 101◊, or RHT 101◊ with RHT 102◊. Students intending to transfer are encouraged to complete all three courses: RHT 101◊, RHT 102◊ and SPE 101◊ to meet university requirements.

Semester Four: Spring

CourseCategoryCredits
ACC 252 # Intermediate Accounting II

Core Course

4

ACC 257 # Principles of Auditing

Core Course

3

BUS 262 # Business Law II

Core Course

3

 
BUS 149 Elementary Statistics

Core Course

3

OR
ECO 170 # Statistics for Business and Economics

Mathematics Gen-ed

3

Total Semester Credits:13
Next StepsMeet 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: https://triton.smartcatalogiq.com/2023-2024/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, email: williamgriffin@triton.edu

 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)