2023-2024 BSC Catalog Updated_UG ONLY_FINAL[82]

140 ACADEMIC PROGRAMS
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. Laboratory required. 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,
legal liability, and teamwork. A Writing Reinforcement designated course. Prerequisites:
AC 322 and a “C” or better in all previous AC courses.
AC 422 Auditing II (1)
A study of advanced concepts in auditing. Students acquire further academic preparation
in understanding and applying auditing in the computer environment, information
systems control concepts, special audit risk considerations, and consultation in a
computer systems context. Prerequisites: AC 421 and senior standing.
AC 428 Advanced Accounting (1)
A study that deals primarily with corporate consolidation problems, foreign currency
transactions and translations. Prerequisites: AC 322 and senior standing.
Birmingham-Southern College Catalog 2023-2024