The Associate of Applied Science in Accounting Technician familiarizes students with accounting fundamentals. Students will learn the recording functions of the accounting process as well as analyze, classify, and summarize financial reports and other similar documents. In addition to basic accounting skills, students in this program will receive advanced training focused on cost accounting and principles of business law. Students interested in the formation and operation of small businesses may elect to study the entrepreneurship subjects that are offered as a part of Accounting Technician program.
In addition to demonstrating competence in the College-wide General Education Outcomes of Taylor Business Institute, Accounting students will, upon completion of their program, be able to:
1. Demonstrate the ability to utilize the accounting cycle to record transactions, process information and prepare financial statements for a business.
a) Prepare and analyze basic journal entries.
b) List and explain the various types of classifications of general ledger accounts used by the typical business activity.
c) Explain and prepare the various steps in the accounting cycle.
d) Demonstrate knowledge of the purpose of the Balance Sheet, Income Statement and Statement of Owner’s equity.
2. Show knowledge of how to apply basic accounting processes.
a) Demonstrate knowledge of federal taxation rules for individuals, and the means and techniques of tax planning and preparation.
b) Demonstrate knowledge of budgeting and product costing techniques and methods related to the control and evaluation of business operations.
c) Create a small business and demonstrate the ability to analyze and evaluate possible outcomes using industry standards and best practices. Students will understand and apply fundamental concepts required to start and run a small business.
3. Express a variety of qualitative and quantitative skills necessary for employment and lifelong learning.
a) Perform general computer competence with the ability to input data.
b) Demonstrate skills to do a variety of computations and apply logic as needed.
c) Communicate effectively in English, both in writing and in speaking.
d) Demonstrate skills necessary for effective teamwork in a diverse work environment.
