Associate of Applied Science in Accounting | Midwestern Career College

Associate of Applied Science in Accounting

Study format: Hybrid
Start date: August 26
Duration: 80 weeks
Location: Chicago

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The Associate of Applied in Accounting program is designed to meet the needs of business and the industry for qualified entry-level accountants. Students will receive instruction to gain mastery of the principles, methods, procedures, techniques, concepts, and operations of accounting and computerized accounting systems.

Students will be introduced to general business concepts and skills as they relate to accounting principles and theory, financial accounting, managerial accounting, cost accounting, budget control, tax accounting, legal aspects of accounting, auditing, reporting procedures, financial statement analysis, business information systems, accounting research methods, professional standards and ethics.

Mission Statement

The Associate of Applied Science in Accounting aims at providing premier career-focused education to empower students with academic training, technical expertise, and professional support to launch or advance their successful careers in the accounting industry. The emphasis is on mastery of the concepts and their practical applications.

Program Objectives

The Associate of Applied Science in Accounting program prepares students to:

  • Demonstrate knowledge base in accounting principles and practices, financial markets, banking, analysis and reporting of financial data.
  • Utilize computer applications such as QuickBooks and Excel in business management
  • Exhibit the skill set of effectively engaging in decision-making in business with the use of generated data.
  • Proficiently use computer applications to prepare accurate and timely financial information in accordance with established standards.
  • Evaluate the financial health of a company utilizing ratio analysis.
  • Exhibit problem solving skills.
  • Demonstrate the ability to function well in a team-oriented environment.

Program Goals

The Associate of Applied Science in Accounting program prepares competent entry-level accountants in the cognitive (knowledge), psychomotor (skills), and affective (behavior) learning domains.

Cognitive

  • Demonstrate knowledge in accounting and the concepts;
  • Display advance knowledge of excel and formula creation to conduct financial analysis;
  • Exhibit strong knowledge base in accounting principles and practices, the financial markets, banking, analysis and reporting of financial data.

Psychomotor

  • Use computer applications such as QuickBooks in payroll management;
  • Conduct monthly and quarterly account reconciliations to ensure accurate reporting;
  • Proficiently use excel to prepare accurate and timely financial statements in accordance with established standards;
  • Prepare and analyze accounting records to assess accuracy, completeness, and conformance to GAAP;
  • Evaluate the strength or otherwise of companies in their abilities to meet short term or long-term debt obligations with the utilization of ratio analysis;
  • Valuation of financial securities by utilizing valuation formulas;
  • Develop and analyze budget using modules and excel spreadsheet.

Affective

  • Exhibit the skill set in effectively engaging in decision-making in business with the use of generated data;
  • Ability to exhibit strong problem solving and analytical skills;
  • Demonstrate the ability to function well in a team-oriented environment