Undergraduate Catalog - Lake Erie College

Theatre
Requirements for the Minor:
20 semester credits including:
• TH 104 Introduction to Theater (4 SH)
• TH 106 Acting I (4 SH)
• TH 107 Introduction to Technical Theatre (4 SH)
• TH 201 History of the Theatre I (4 SH)
and Theatre Minor Group 1 - four semester credits from
TH designated courses 200-level or above
ACCOUNTING (AC)
COURSE DESCRIPTIONS
AC 101 Accounting Principles I (4 SH)
Semester Offered: Fall
An introduction to the language of business and its fundamentals
as they relate to financial accounting. Topics
include the accounting cycle leading to the preparation of
financial statements and analysis of current, long-term and
intangible assets as well as current and long-term liabilities.
AC 102 Accounting Principles II (4 SH)
Semester Offered: Spring
Pre-Requisite(s): AC 101
A continuation of Accounting Principles I (AC101). Financial
accounting topics include owners’ equity, the cash flow
statement and financial statement analysis. Managerial
accounting topics include job order costing, cost volume
analysis and operational budgeting.
AC 160/260/360/460 Individual Investigation in Accounting
(2-5 SH)
Independent study of topics not offered as regular courses.
AC 170-79/270-79/370-79/470-79 Special Topics in
Accounting (2-4 SH)
Courses in topics of special interest to faculty members
and students are offered from time to time. For complete
course descriptions, students are directed to the schedule
of classes, available in the Registrar’s Office.
AC 203 International Accounting (2 SH)
Semester Offered:
Pre-Requisite(s): AC 101
A broad-based course that provides an understanding of
the international dimensions of accounting. The focus
is on comparative accounting systems and the process
of the harmonization of accounting standards. Topics
include foreign currency translations and the accounting
for multinational corporations.
AC 210 Forensic Accounting (4 SH)
Semester Offered: Fall even years
Pre-Requisite(s): AC 102
This course is designed to prepare students to look beyond
the numbers. The course will focus on how to identify,
detect, investigate and prevent financial fraud. It outlines
the nature of financial fraud and the different types of
fraud. It will discuss the nature of fraud perpetrators, why
they commit fraud and the warning signals that fraud may
have occurred.
AC 250/350/450 Internship in Accounting (1-5 SH)
Semester Offered: Fall and Spring
Internships are academic courses that take place in professional
work settings and call for the application of concepts
learned in the classroom. Students gain on-the-job experience
under supervision by working directly with a manager
in a business or not-for-profit organization. Students are
required to complete 75 hours of work for each credit hour
registered and earned. An Internship Application must be
completed and filed with the Office of Career Services and
Internships.
AC 301 Intermediate Accounting I (4 SH)
Semester Offered: Fall
Pre-Requisite(s): AC 102 or permission of instructor
Financial accounting that stresses the theory and practical
application of accounting standards and concepts. The
accounting assumptions, theories and facts that substantiate
or refute these current accounting standards and
concepts are challenged. The accountant’s professional and
ethical role in both the development and interpretation
of accounting information is examined. Topics include
the various accounts contained on the asset side of the
balance sheet.
AC 302 Intermediate Accounting II (4 SH)
Semester Offered: Spring
Pre-Requisite(s): AC 301 or permission of instructor
A continuation of Intermediate Accounting I (AC 301).
Emphasis is placed on converting accounting from an
information generating profession to one that uses information
to solve problems and carry out an organization’s
vision. Topics covered include accounting for liabilities,
shareholders’ equity, stock-based compensation, leases,
pensions and deferred income taxes.
125