2019-2020 BSC Catalog

ACADEMIC PROGRAMS
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AC 297, 397, 497 Internship in Accounting (½ or 1)
An internship opportunity allowing students to practice career skills and/or further
develop abilities beneficial for graduate study. Specific guidelines concerning internships
appear in the “Exploration Term and Contract Learning” section of this catalog.
AC 298, 398, 498 Teaching Experience in Accounting (½ or 1)
A teaching experience course. Specific guidelines concerning teaching experiences
appear in the “Teaching Experiences” section of this catalog.
AC 321 Intermediate Accounting I (1)
The study of accounting theory as it pertains to general-purpose external reporting by
business enterprises. Techniques for assets and current liabilities are examined.
Prerequisite: AC 221.
AC 322 Intermediate Accounting II (1)
Financial statement analysis and full disclosure requirements are addressed, along with
techniques in accounting for debt, capital transactions, adjustments, income taxes,
pensions and leases. Prerequisites: AC 321 and a “C” or better in all previous AC
courses.
AC 324 Cost Accounting (1)
Analysis and techniques of recording, measuring, and reporting cost information to
reflect inventory valuation and income or loss of business entities for internal and
external reporting and decision-making purposes. Prerequisite: AC 221.
AC 341 Income Tax I (1)
A study of Federal income tax laws, research procedures, tax return preparation, and tax
planning relating to individuals. Prerequisite: AC 221.
AC 342 Income Tax II (1)
A study of Federal income tax laws, research procedures, tax return preparation, and tax
planning relevant to corporations, partnerships, and tax-exempt entities, with an overview
of taxation of international transactions. Prerequisites: AC 341 and a “C” or better in all
previous AC courses.
AC 361 Business Law (1)
An explanation of the workings of the law in business, scope and classification of
business law, legal relations of people in business, the law of contracts; damages,
guaranty and suretyship, negotiable instruments, partnership and corporate forms of
business organization. Prerequisite: accounting major.
AC 421 WR Auditing I (1)
A study of the theory of financial compliance and operational audits. Performance of a
simulated audit and case presentation provides students with practice in applying
professional auditing procedures for evidence gathering, evaluation, reporting, ethics,
Birmingham-Southern College Catalog 2019-2020