Academic Programs

Accounting (AAS.ACC)

The Accounting program provides a solid foundation in accounting skills for students who choose to enter the workforce at the end of two academic years of study. Typical job responsibilities include gathering information used for financial reports and payroll, using accounting software to maintain and update accounting records, and documenting and recording financial data such as cash receipts, expenditures, accounts receivable, and accounts payable.

Program requirements may change over time. Specific degree/graduation requirements are determined by a degree audit.

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Catalog Term Year: 2024 Fall

View As:

First Year
First Semester

COREBUS-095

Credit Hours: 3.00

COREBUS-142

Credit Hours: 3.00

CORECIS-160

Credit Hours: 3.00

GENBUS-094

-OR-
Credit Hours: 3.00

GENENG-095

-OR-
Credit Hours: 3.00

First Year
Second Semester

COREBUS-151

Credit Hours: 3.00

COREBUS-251

Credit Hours: 3.00

COREBUS-200

Credit Hours: 3.00

CORECIS-093

Credit Hours: 2.00

GENECO-130

-OR-
Credit Hours: 3.00

Second Year
First Semester

COREBUS-098

Credit Hours: 3.00

COREBUS-152

Credit Hours: 3.00

CORECIS-094

Credit Hours: 2.00

GENBUS-141

Credit Hours: 3.00

GENBUS-086

Credit Hours: 3.00

ELE--- ---

Credit Hours: 2.00

Second Year
Second Semester

COREBUS-099

Credit Hours: 3.00

COREBUS-096

Credit Hours: 3.00

COREBUS-097

Credit Hours: 3.00

COREBUS-060

Credit Hours: 3.00

COREBUS-087

-OR-
Credit Hours: 3.00

FIRST YEAR
First Semester			Hours
CORE	BUS-095	Fundamentals of Accounting BUS-095 Fundamentals of Accounting An introduction to basic accounting principles and techniques designed to give the student a general knowledge of accounting practices and terminology. Students will work through the accounting cycle for both a service and retail business. Course Outline	3.0
CORE	BUS-142	Introduction to Business BUS-142 Introduction to Business Covers the objectives, organization, and role of business in the free-enterprise system. The course is designed to provide an overview of the field of business and to provide a framework into which specialized fields may be studied. Course Outline	3.0
CORE	CIS-160	Practical Software Applications CIS-160 Practical Software Applications Provides an opportunity for students to learn computer concepts and to use word processing, spreadsheet, database management, and presentation software. (Repeatable 3 Times) Course Outline	3.0
GEN	BUS-094	Business Math BUS-094 Business Math Covers basic applications of mathematics in the business world - fractions, decimals, percentages, elementary algebra, banking, buying & selling, payroll, and interest. It is designed to reinforce and expand business concepts through the use of mathematics. Course Outline OR
GEN	MAT 1--	Math Elective MAT 1-- Math Elective *	3.0
GEN	ENG-095	Business English ENG-095 Business English Using critical thinking skills, students will study and reinforce the basics of the English language as they apply to business communications. Emphasis is placed on grammar, punctuation, spelling, word usage, and sentence structure. Course Outline OR
GEN	ENG-120	Composition I ENG-120 Composition I Students will study the writing process by reading essays that illustrate a variety of rhetorical strategies, analyzing writing tasks and texts, and writing, revising, and editing short essays. Course Outline *	3.0
	Semester Totals		15.0
Second Semester
CORE	BUS-151	Financial Accounting BUS-151 Financial Accounting A study of the financial statements, the accounting process and the principles and procedures underlying items on the financial statements. Course Outline *	3.0
GEN	ECO-130	The American Economy ECO-130 The American Economy Combines Macroeconomics and Microeconomics and focuses on basic supply and demand analysis, national income accounting, business cycles, inflation, unemployment, fiscal and monetary policy, and international economic problems. Course Outline OR
GEN	ECO-231	Principles of Economics I (Macro) ECO-231 Principles of Economics I (Macro) Focuses on the nature and method of economics, basic supply and demand analysis, national income accounting, business cycles, inflation and unemployment, fiscal policy, money and banking, and monetary policy. Course Outline	3.0
CORE	BUS-251	Principles of Management BUS-251 Principles of Management Provides an overview of how managers utilize planning, organization, leadership, and control in order to ensure that a firm achieves its goals in the most efficient way possible. Course Outline	3.0
CORE	BUS-200	Legal Environ/Business BUS-200 Legal Environ/Business An introduction to legal systems and law, especially the U.S. legal system. Business-legal relationships in the areas of criminal law, torts, product liability, and contracts are examined. Consumer, labor, and environmental law are studied. Course Outline	3.0
CORE	CIS-093	Access CIS-093 Access An introduction to Microsoft Access, a database management application designed to operate in the Windows environment. (Repeatable 3 Times) Course Outline	2.0
	Semester Totals		14.0

SECOND YEAR
First Semester		Hours
CORE	BUS-098	Intermediate Accounting BUS-098 Intermediate Accounting Provides an in-depth study of accounting theory and current practice. Includes the development of accounting theory, the format and content of the financial statements, and emphasizes revenue recognition and assets. Course Outline *	3.0
CORE	BUS-152	Managerial Accounting BUS-152 Managerial Accounting Examines managerial accounting concepts including cost classification, job order and process cost systems, cost-volume-profit analysis, absorption and variable costing, budgeting, standard costs, variance analysis, relevant costs for decision-making, activity-based costing, and capital budgeting. Course Outline *	3.0
GEN	BUS-141	Business Communications BUS-141 Business Communications Provides students practical strategies for improving written and oral communication, including employment communication, in business settings. Course Outline	3.0
GEN	BUS-086	Statistics for Business BUS-086 Statistics for Business Develops a working knowledge of some of the statistical tools used in business analysis and decision making. Course Outline +	3.0
CORE	CIS-094	Excel CIS-094 Excel The basics of the Excel software package will be covered. This includes spreadsheet basics, formulas, functions, charting, data management, and collaborative tools. (Repeatable 3 Times) Course Outline	2.0
ELE	--- ---	BUS or CIS Elective --- --- BUS or CIS Elective	2.0
	Semester Totals		16.0
Second Semester
CORE	BUS-099	Computerized Accounting BUS-099 Computerized Accounting A capstone course which reinforces financial accounting concepts and procedures through the use of personal computers and popular commercial software. A comprehensive study of computerized accounting systems in both service and merchandising environments. Course Outline *	3.0
CORE	BUS-096	Federal Tax Accounting BUS-096 Federal Tax Accounting Focuses on a practical study of the fundamentals of taxation and the current federal revenue act as it relates to individuals. Course Outline	3.0
CORE	BUS-097	Principles of Cost Accounting BUS-097 Principles of Cost Accounting A study of job order, process and standard cost systems and management's uses of cost information for planning and control. Course Outline *	3.0
CORE	BUS-060	Automated Ofc Procedures BUS-060 Automated Ofc Procedures Students manage office activities using computer software and equipment in a simulated office environment. Students use word processing, electronic mail and calendaring, and other specialized software. Course Outline *	3.0
CORE	BUS-087	Accounting Internship BUS-087 Accounting Internship Designed to provide employment experience in a position that will utilize the specialized skills of the student. The position must be approved by the accounting program coordinator before the student registers for the course. Course Outline * OR
ELE	--- ---	CIS or BUS Elective --- --- CIS or BUS Elective	3.0
	Semester Totals		15.0

Total Program Hours

60.0

Call Counseling Services: 217-234-5232
Email: counsel@lakelandcollege.edu

Faculty Contact: Cindy Phipps
Faculty Email: cphipps@lakelandcollege.edu
Faculty Phone: 217-234-5350

* There are prerequisites, course requisites, or minimum placement test scores for this course.
** Electives must be approved by the Program Coordinator
+ Course only offered fall semester
++ Course only offered spring and summer semester
+++ Course only offered spring semester
++++ Course offered in summer term only
^ SOS 050 Human Relations and PSY 271 Introduction to Psychology cannot be used as a social science elective
^^ Consult Academic Advisor for appropriate course
^^^ Course requires a 30-hour practicum experience in addition to classroom lecture hours
^^^^ ECE 120 and ECE 125 must be taken the same semester

Accounting (AAS.ACC)

Catalog Term Year: 2024 Fall

First YearFirst Semester

First YearSecond Semester

Second YearFirst Semester

Second YearSecond Semester

BUS-095Fundamentals of Accounting

BUS-142Introduction to Business

CIS-160Practical Software Applications

BUS-094Business Math

MAT 1--Math Elective

ENG-095Business English

ENG-120Composition I

Semester Totals

BUS-151Financial Accounting

ECO-130The American Economy

ECO-231Principles of Economics I (Macro)

BUS-251Principles of Management

BUS-200Legal Environ/Business

CIS-093Access

Semester Totals

BUS-098Intermediate Accounting

BUS-152Managerial Accounting

BUS-141Business Communications

BUS-086Statistics for Business

CIS-094Excel

--- ---BUS or CIS Elective

Semester Totals

BUS-099Computerized Accounting

BUS-096Federal Tax Accounting

BUS-097Principles of Cost Accounting

BUS-060Automated Ofc Procedures

BUS-087Accounting Internship

--- ---CIS or BUS Elective

Semester Totals

Total Program Hours

First Year
First Semester

First Year
Second Semester

Second Year
First Semester

Second Year
Second Semester

BUS-095
Fundamentals of Accounting

BUS-142
Introduction to Business

CIS-160
Practical Software Applications

BUS-094
Business Math

MAT 1--
Math Elective

ENG-095
Business English

ENG-120
Composition I

BUS-151
Financial Accounting

ECO-130
The American Economy

ECO-231
Principles of Economics I (Macro)

BUS-251
Principles of Management

BUS-200
Legal Environ/Business

CIS-093
Access

BUS-098
Intermediate Accounting

BUS-152
Managerial Accounting

BUS-141
Business Communications

BUS-086
Statistics for Business

CIS-094
Excel

--- ---
BUS or CIS Elective

BUS-099
Computerized Accounting

BUS-096
Federal Tax Accounting

BUS-097
Principles of Cost Accounting

BUS-060
Automated Ofc Procedures

BUS-087
Accounting Internship

--- ---
CIS or BUS Elective