What is 'Accounting (ACCT)'?
Bookkeeping, accounting, and auditing clerks are financial recordkeepers. They update and maintain accounting records, including those which calculate expenditures, receipts, accounts payable and receivable, and profits and loss. Bookkeepers have roles in both small businesses and large companies' accounting departments. Responsibilities range from posting transactions to balancing, verifying and reconciling accounts. They ensure the completeness and accuracy of data and code documents according to company procedures. Auditors verify postings and documents to assure accuracy and completeness.
Though bookkeeping, accounting and auditing clerks generally do not require a bachelors degree, to become a Certified Public Accountant (CPA) requires a bachelors. The requirements to become a CPA are set by each state board of accountancy and include: completing a program of study in accounting at a college or university, passing the Uniform CPA Exam, and obtaining a specific amount of professional work experience in public accounting (the required amount and type of experience varies according to licensing jurisdiction).
The skills taught in the accounting program are used by professionals in business management, public administration, entrepreneurship, finance and other commercial fields in order to forecast and control commercial endeavors.
For more information http://www.bls.gov/oco/ocos144.htm#nature
Is it for you?
Bookkeeping, accounting, and auditing clerks work in an office environment. They may experience eye and muscle strain, backaches, headaches, and repetitive motion injuries from using computers on a daily basis. Clerks may have to sit for extended periods while reviewing detailed data.
Many bookkeeping, accounting, and auditing clerks work regular business hours and a standard 40-hour week, although some may work occasional evenings and weekends. About 24 percent of these clerks worked part time in 2006.
Bookkeeping, accounting, and auditing clerks may work longer hours to meet deadlines at the end of the fiscal year, during tax time, or when monthly or quarterly financial reports are being prepared. Extended work hours may also occur when yearly accounting audits are performed. Additionally, those who work in hotels, restaurants, and stores may put in overtime during peak holiday and vacation seasons.
MCC Graduates Working in Nebraska
MCC Working In Nebraska Accounting
Jobs and Salary expectations
To find out the approximate salary for Accounting jobs. Salary.com is a website that shows a particular job title and the salary range associated with that type of position. These salaries are not just for the Midwest.
To see more of job offerings for the Omaha Metropolitan area, click on the following link:
Accounting Program Goals and Outcomes
Attainment of the business unit's accounting program's mission and goals is based upon program outcomes. The following program learning outcomes have been developed that address
"what" we expect students to achieve and describe specific skills and abilities to be mastered by students completing the Accounting program. Each outcome is supported by a competency that demonstrates "how" students will achieve the outcome. Each competency is support by a performance measure that identifies how the competency will be measured. In addition, specific course outcomes have been developed to support the program outcomes.
Upon successful completion of MCC's Accounting Associate in Applied Science program, students will be able to:
- Perform basic functions of accounting in accordance with General Accepted Accounting Principles (GAAP).
Competency: Record transactions and preparation of: Complete the accounting cycle and prepare Income statement, balance sheet and statement of owner's equity for a sole proprietorship.
- Prepare, analyze and interpret financial statements.
Competency: Perform transactional analysis; prepare a single-step income statement, balance sheet and statement of cash flows (indirect method) and prepare a corporate multi-step income statement.
- Apply General Accepted Accounting Principles (GAAP) to advance accounting topics.
Competency: Prepare transactions to record intangible assets, receivables, bonds, and leases.
- Describe earnings per share (EPS) in a complex capital structure.
Competency: Apply the EPS formula to calculate basic and diluted EPS.
- Apply breakeven in analyzing business decisions.
Competency: Compute and apply NPV in business decisions.
- Apply cost accounting methods to evaluate and project business performance.
Competency: Describe and compute cost-volume-profit (CVP) relationships.
- Analyze specific economic markets to explain and predict changes in price and economic behavior.
Competency: Explain how the interactions of market demand and market supply determine both the quantity of product available and the price at which it will be sold.
The results of these outcomes are published periodically at http://www.mccneb.edu/business as well as in appropriate college publications.
Accounting Unit's Student Learning 2012-13 Report Card
Report Card Summary
Report Card Detail
Credit Classes and Registration