Why is Accounting Essential to Success?
Many successful businessmen and women attribute at least part of their success to an understanding of accounting, "the language of business." Whether you keep the books yourself, hire a bookkeeper, or have an accounting firm process your transactions and produce your financial statements, you will need to understand the information that is generated so that you can be an effective decision-maker.
Maybe you are not interested in keeping your own books. Instead, you plan to hire someone else to do this for your business. You’d be like many business owners in this regard. However, you probably don’t want to end up like Billy Joel. He filed a $90 million suit against his onetime close friend and former manager alleging that his friend/manager squandered or illegally diverted $30 million of Joel's money, which the singer wanted back. As a business owner, you need to understand how to spot the “red flags” that would alert you to a similar situation.
As a Business Owner, What Should I Take?
Our Financial Accounting course will introduce you to financial accounting concepts. You will study the accounting cycles of service organizations and merchandisers emphasizing the recording of business transactions, and the preparation of financial statements for such organizations. You will also be introduced to the concept of internal control, the system you need to provide you with reasonable assurance that errors (that is, honest mistakes) and irregularities (that is, fraud and embezzlement) will be prevented and/or detected.
Our Managerial Accounting course will introduce you to the accounting cycle of manufacturers emphasizing the recording of business transactions relating to the manufacture of inventory and the preparation of financial statements. You will also be exposed to cost behavior, budgeting concepts, standard cost systems and variance analysis, and the use of accounting information to make decisions.
What If I Plan to Keep My Own Books?
Our Accounting Procedures covers the accounting cycles of service organizations and merchandisers focusing on the recording of business transactions and the preparation of financial statements for such organizations.
How Do I Get Started?
For most prospective students, applying for admission to the college's credit programs is an easy 2-step process.
Maureen McBeth, Coordinator
Berg Instructional Center (BIC), Room 1451, (630) 942-2879
Bev Carlson, Program Support Specialist
Berg Instructional Center (BIC), Room 1443, (630) 942-2140
Anika Collins, Program Advising
Berg Instructional Center (BIC), Room 1454D, (630) 942-3961
Business and Applied Technology Division
Technical Education Center (TEC), Room 1034, (630) 942-2592