AUTO 370 - Standard Accounting Systems of the Automotive Industry

Prerequisite:
Enrollment requires an AS degree in Automotive Technology or similar field, and special approval from the Program Advisor.Advisory:PHY 120, ENGL 201 or ENGL 201H, MATH 130 or MATH 130H, ACCT 101 or ACCT 101H

This course provides automotive technology students with a detailed, practical application of accounting fundamentals and business management principles, and the adaptation of these things to factory-to-store and day-to-day operations. The course is a practical study of the theory, principles, and practice of preparing and interpreting accounting statements and business management reports. Topics include an overview of computerized accounting information systems and practices in business management techniques, such as the importance of strong financial and management control, financial statements and statement analysis. Emphasis is placed upon the concepts of using accounting fundamental principles, cash and contracts, short-term and long-term liabilities and assets, and stockholders’ equity of reporting documents, which are essential to a successful automotive business operation. Current automotive industry practices and relevant case studies are discussed and demonstrated throughout the course. The overall goal of this course is to have students apply and demonstrate knowledge and skills that will enable them to advance their employment in the vehicle sales and service fixed operations management spectrum.