Ohio Valley University College of Professional Studies Institute for Adult Learning

PRACTICAL ACCOUNTING

Many current and prospective students in the adult learning programs at Ohio Valley University have expressed interest in obtaining additional evening study in Accounting. The Institute is therefore offering a 12-semester hour program in the accelerated adult learning format focusing on practical accounting procedure. This program is structured toward the manager or office professional whose responsibilities may include budgeting, cost controls and other areas of accounting responsibility, but who is not seeking training in professional accountancy or accounting theory. This program will be directed by David Hamm, MBA, CPA. Professor Hamm is not only an experienced practitioner (25+ years in professional accountancy), but he is also an effective and engaging teacher (20+ years in higher education).

Note: These modules are designed for the adult learner whose job responsibilities require an understanding of workplace accounting and financial procedure. These modules will not teach accounting theory in any substantial detail and are not recommended for students who desire to earn a CPA license or other professional certification.

CURRICULUM

Practical Accounting (7 weeks--4 credit hours): Topics include cash and receivables management, inventories, payrolls, fixed assets and depreciation, gains and losses, current and long term liabilities, and equity transactions for proprietorships, partnerships and corporations. Next offered: Mondays, June 6-20, July 11--August 1, 2005. Facilitator: David Hamm

Managerial Accounting (5 weeks--3 credit hours): Concepts of cost identification and controls, job cost systems, and decision tools for managers including cost-volume-profit analysis, operational budgeting, segment reporting and overview of standard costs. (This module is identical to the module in the ADVANCE major in organizational management.) Will be offered dependent upon student need--adult learners may not duplicate credit from this module for both ADVANCE and Practical Accounting.

Managerial Finance (5 weeks--3 credit hours): Organization-wide use of financial planning; tools available for managing cash flows, capital budgeting, risk and investment portfolio diversification, capital structure and leverage. (This module is also identical to the ADVANCE module in Finance.) Will be offered dependent upon student need--again, adult learners may not duplicate credit for both ADVANCE and Practical Accounting.

Cost Accounting (5 weeks--3 credit hours): Cost control systems and procedures, including job order and process costing, standard costs, activity-based costing, transfer pricing, and related topics. Recommended for adult learners who have already completed Managerial Accounting or equivalent. Will be offered if sufficient demand exists.

Government/Not-for-Profit Accounting (5 weeks--3 credit hours): Overview of fund accounting and reporting requirements for governmental and not-for-profit entities. Next offered: August 5--Sept. 5, 2005. (First session on Friday, August 5, 6-10 pm; remaining sessions on Mondays, Aug. 15-Sept. 5.) Facilitator: Martin Davis

Accounting Systems (5 weeks--3 credit hours): Overview of e-commerce, accounting data flow, and computerized processing of accounting data. Next offered: Sept. 12--October 10, 2005. Facilitator: David Hamm

Introduction to Taxation (5 weeks--3 credit hours): Introduction to Federal Income Taxes for individuals and sole proprietorships. Next offered: October 17-November 14, 2005. Facilitator: David Hamm

Federal Income Taxes (5 weeks--3 credit hours): Federal taxation of business entities including partnerships, corporations, fiduciaries, and business payroll taxes. Next offered: November 21-December 19, 2005. Facilitator: David Hamm