of

Accounting
AC 110 Fundamentals of Accounting
3 credits (CS)
The basic principles of accounting are studied. Topics include
the accounting equation, balance sheet, income statement,
ledger, journal, voucher, and payroll systems. This course is
designed for the non-business major who wishes to study
accounting for the operation of a small business or
partnership. May not be taken after AC 331. (Offered
annually)
AC 171 General Ledger Computer Programs 1 credit
(CS)
This course introduces the student to the computerized
general ledger used in most businesses. In addition to training
the students on hardware, the course provides practical
experience and application with components to the general
ledger such as accounts, journal entries, posting, referencing
and formatting. Students will gain hands-on experience.
AC 172 Accounts Receivable Computer Programs 1
credit (CS)
This course introduces the student to computerized accounts
receivable module used by most businesses. The course
provides practical experience and application to accounts
receivable management such as account control, account set
up, account use, and account schedule.
AC 173 Payroll
1 credit (CS)
This course introduces the student to computerized systems
of payroll. Students will gain actual experience with rate
calculations, payroll distribution, payroll forms, tax tables, and
various other governmental-related reporting forms.
AC 331 Financial Accounting
3 credits (CS)
The fundamental principles of accounting are presented at an
introductory level. Topics include an introduction to
accounting, accounting systems, income measurement, the
accounting cycle, accounting for retail operations, cash and
short-term investments, inventory, payroll methods, and
depreciation.
AC 332 Managerial Accounting
3 credits (CS)
This course finishes the study of financial accounting with the
study of corporate dividends and cash flow statements. The
focus then shifts to the study of managerial accounting.
Topics covered include job and process costing, budgeting
and master budgets and planning as well as flexible budgets
and standard costs. Prerequisite: AC 331 Financial
Accounting passed with a grade of "C" or better
AC 411 Accounting Theory I
3 credits (CS)
An overview of accounting and its theoretical foundation,
assets, liabilities, equity, and special problems in income
determination and financial reporting. The student is
expected to perform efficiently under Financial Accounting
Standards Board guidelines, prepare financial statements, and
render opinions leading to managerial decisions. Prerequisites:
AC 331 Financial Accounting, AC 332 Managerial
Accounting; Recommended: AC 431 Intermediate
Accounting
AC 412 Accounting Theory II
3 credits (CS)
The fundamentals of double-entry accounting for the sole
proprietorship form of business enterprise are taught. The
basic accounting cycle is covered, as well as the operation of
various journals and ledgers, resulting in the creation of
supporting schedules and financial statements required in the
normal operation of a modern multicultural business
environment. Emphasis is placed on sales, purchases, special
journals, income statements, and analysis of merchandising.
Accounting functions specifically for a retail enterprise are
emphasized. Prerequisites: AC 331 Financial Accounting, AC
332 Managerial Accounting, and AC 411 Accounting Theory
I
AC 431 Intermediate Accounting I
3 credits (CS)
This course entails an examination of the theories and
concepts of accounting and the generally accepted principles
as they apply to liabilities and equity. Topics covered include
liabilities (current, long-term and contingent); factors
affecting contributed capital and retained earnings; and
financial reporting according to FASB principles. Emphasis is
placed on the official accounting reporting methods as
presented in AICPA guidelines. (Offered on a rotating basis)
Prerequisites: AC 331 Financial Accounting, and AC 332
Managerial Accounting
AC 432 Intermediate Accounting II
3 credits (CS)
The concepts presented in this course include equity
financing, investments in debt and equity securities, leases,
employee compensation, accounting changes and analysis of
financial statements. An emphasis is placed on managerial
decision-making and portfolio analysis. (Offered on a rotating
basis) Prerequisites: AC 431 Intermediate Accounting I
AC 435 Tax Accounting
3 credits (CS)
A study of the tax structure of government and businesses,
concepts, practices and reporting. Special emphasis is placed
on business-related tax procedures. Topics include advantages
and disadvantages of the present tax systems. The student
becomes familiar with tax terminology and various federal,
state, and business tax forms. Problems and methods related
to individual taxes are also covered. Current issues with a
historical background prepare the student for the total tax
perspective. (Offered on a rotating basis) Prerequisites: AC
331 Financial Accounting, and AC 332 Managerial
Accounting
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