North Central College - Naperville, IL

Accounting Courses

NOTE: This page contains all of the regular course descriptions for this discipline or program. Academic credit for each course is noted in parenthesis after the course title. Prerequisites (if any) and the general education requirements, both Core and All-College Requirements (ACRs), which each course fulfills (if any) are noted following each course description. Not all courses are offered every year. Check Merlin, our searchable course schedule, to see which courses are being offered in upcoming terms.

ACC 190 Topics in Accounting (1.00-3.00)
Topics vary depending on student interest and faculty expertise. Topics and prerequisites are normally announced in advance and placed in the online schedule of classes. May be repeated with different content.

ACC 201 Accounting Principles I/Financial (3.00)
An introduction to accounting principles and procedures as they are employed in the communication of financial information to various users, such as management, stockholders, and government agencies. Topics include accounting for assets, liabilities, owner's equity and other reporting issues.

ACC 202 Accounting Principles II/Managerial (3.00)
Analysis of accounting for managerial decision-making, planning, and control. Topics include budgeting, variance analysis, traditional and nontraditional product costing methods and cost-volume profit analysis.

ACC 290 Topics in Accounting (1.00-3.00)
Topics vary depending on student interest and faculty expertise. Topics and prerequisites are normally announced in advance and placed in the online schedule of classes. May be repeated with different content.

ACC 297 Internship (0.00-9.00)
Instructor consent required.

ACC 299 Independent Study (1.00-9.00)
Instructor consent required.

ACC 307 Cost Accounting (3.00)
Development of accounting information for management decisions. A study of several cost accounting systems, unit cost determination, budgeting, variance analysis, cost allocation systems, and inventory control techniques used for routine and nonroutine management decisions.

ACC 310 Accounting Information Systems (3.00)
An introduction to financial and managerial information systems. Topics include developing an understanding of the roles and responsibilities within the functions of accounting information systems, and understanding the relationship between events, financial reports and resultant managerial decisions.

ACC 317 Intermediate Accounting I (3.00)
Study and research of U.S. Generally Accepted Accounting Principles, and their application to financial accounting and financial statements. Additionally, the application of International Financial Reporting standards is explored with each topic. Topics covered include an in-depth study of cash, receivables, and inventory.

ACC 318 Intermediate Accounting II (3.00)
A continuation of Intermediate Accounting I. Topics covered provide an in-depth study of plant assets, intangible assets, investments, liabilities, stockholders' equity and earnings per share calculations.

ACC 319 Intermediate Accounting III (3.00)
A continuation of Intermediate Accounting II. Topics covered include an in-depth study of revenue recognition, pensions, leases, deferred taxes, disclosure requirements for business segments, cash flows statement, and error analysis.

ACC 397 Internship (0.00-9.00)
Instructor consent required.

ACC 399 Independent Study (1.00-9.00)
Instructor consent required.

ACC 430 Taxes I (3.00)
Basic concepts of federal income tax laws and their application in individual taxation. Topics include gross income, excluded income, deductions (business, non-business, and employee), tax credits, depreciation, capital gains and losses, installment sales, nonrefundable credits and bad debts and losses. Same as: ACC 530.

ACC 431 Taxes II (3.00)
Basic concepts of federal income tax laws and their application primarily to business entities. Topics include corporations, corporate distributions, partnerships, securities and retirement plans, administrative procedures and S corporations. Same as: ACC 531.

ACC 440 Advanced Accounting (3.00)
A study of accounting principles concentrating on the preparation of consolidated financial statements and related topics. Same as: ACC 540.

ACC 460 Accounting for Not-For-Profits (3.00)
A study of fund accounting as used by not-for-profit organizations such as government agencies, colleges, hospitals, and charitable organizations. Same as: ACC 560.

ACC 470 Auditing & Attestation (3.00)
A study of standards and procedures related to audit and attest engagements. Topics include the decision-making process, the internal control environment, and the communications for the engagement. Same as: ACC 570. ACR: Leadership, Ethics, & Values.

ACC 480 Seminar: Managerial Accounting (3.00)
This course explores and analyzes advanced cost management issues faced by modern organizations. An emphasis is placed on emerging issues and their impact on the decision making process of organizations within today's business environment.

ACC 490 Seminar: Financial Accounting (3.00)
Topics in financial accounting with an emphasis on research and emerging issues. The nature of financial accounting standard setting and its implications provide a framework for the seminar topics and activities. Repeatable with different topic. Same as: ACC 590.

ACC 497 Internship (0.00-9.00)
Instructor consent required.

ACC 499 Independent Study (1.00-9.00)
Instructor consent required.