2013-2014 Course Catalog - PDF Format - Flagler College

160 FLAGLER COLLEGE
ACCOUNTING
majors are also encouraged, but not required, to take MAT 201. Students should
Accounting Minor: The student must satisfactorily complete ACC 211, 212
plus 15 semester hours beyond this level including ACC 349, 350, and 411.
ACC 211 – Principles of Financial Accounting (3)
An introduction to the language of business, use of accounting information as
a tool for measuring performance and making business decisions is emphasized.
Major topics studied are the accounting cycle and the balance sheet.
ACC 212 – Principles of Managerial Accounting (3)
Prerequisite: ACC 211. A continuation of the basic course with emphasis on
data and management accounting topics.
ACC 340 – Selected Topics (3)
An in-depth examination of a topic in accounting that is not covered in
existing courses.
ACC 349 – Intermediate Accounting I (3)
Prerequisite: ACC 211. Designed to follow the introductory study of
accounting. A detailed review of the accounting cycle and processes. Financial
statements, disclosures, and their elements. Concept of time value of money and
Fall semester.
ACC 350 – Intermediate Accounting II (3)
Prerequisite: ACC 349. Economic resources. Cash and receivables,
measurement of inventories and other inventory issues, operational assets,
acquisition utilization and disposition. Accounting for long-term investments in
stocks and bonds. Spring semester.
ACC 359 – Managerial Accounting (3)
Prerequisite: ACC 211. Provides the student with the tools necessary to make
better managerial decisions. Includes the use of accounting as a managerial tool
for business strategy and implementation. Fall semester.
ACC 360 – Cost Accounting (3)
A continuation of ACC 359. Provides the student
with the cost accounting concepts and practices necessary to plan and control
operations as well as costing products, services, and customers. Spring semester.
ACC 361 – Federal Income Tax (3)
Prerequisite: ACC 211. The Federal income tax law is examined as it applies
primarily to individuals. A comprehensive understanding of the basic tax model
including gross income and exclusions, adjustments for, and from, adjusted
gross income, exemptions, credits and property transactions. Fall semester.