| AC:051 Basic Accounting 3 cr. |
| Designed for the student who has not had high school bookkeeping or needs added proficiency before enrolling in AC:100. Emphasis is placed on learning the accounting cycle, structured systems and records usually incorporated by small businesses and professional offices. Completion of assigned problems will coincide with the readings. |
| (59.4 Lec. Hrs.) |
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| AC:118 Principles of Accounting I: Financial 3 cr. |
| An introduction to accounting terminology and concepts and accepted accounting practices of analyzing, recording, summarizing, presenting and interpreting business financial transactions of sole proprietorships and partnerships. Significant emphasis is placed on practice and application. This course not only serves as the foundation for other accounting courses for students planning careers in accounting, but also provides the literacy needs for students in business administration. |
| (59.4 Lec. Hrs.) |
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| AC:119 Principles of Accounting II: Managerial 3 cr. |
| A continuation of Principles of Accounting I, this course introduces corporate structures related to accounting for equities, reporting cash flows and financial statement analysis. Cost accounting systems are introduced: job order, process and standard cost systems. Emphasis is given to managerial and cost analysis activities by exposing students to accounting principles and practices. This course not only serves as the foundation for other accounting courses for students planning careers in accounting, but also provides the literacy needs for students in business administration. |
| (59.4 Lec. Hrs.) |
| Prerequisite: AC:118 or equivalent course. |
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| AC:151 Computerized Accounting I 3 cr. |
| Transfers manual accounting skills to a microcomputer operation. In addition to learning computer operation procedures, accounting units covered are the general ledger, special journals, vouchers, financial statement analysis, depreciation, inventory, payroll and Lotus 1-2-3. Simulations of business activities are processed through an entire accounting cycle and various reports are generated. Student will also learn to create an entire computerized accounting system. |
| (39.6 Lec. Hrs./39.6 Lab Hrs.) |
| Prerequisite: AC:118 or equivalent preferred, AC:051 acceptable. |
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| AC:200 Intermediate Accounting I 3 cr. |
| The study of financial accounting theory and practices. Topics covered include financial statements, inventories, current assets and current liabilities. |
| (59.4 Lec. Hrs.) |
| Prerequisite: AC:119 or permission of the instructor. |
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| AC:210 Cost Accounting 3 cr. |
| A study of basic cost accounting concepts and product cost accumulation procedures emphasizing differences between job order, process and standard costing. Emphasis is placed on the managerial accounting activities of controlling costs, cost analysis and decision making. |
| (59.4 Lec. Hrs.) |
| Prerequisite: AC:119 |
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| AC:215 Taxation 3 cr. |
| Covers (1) taxable income, exclusions, inclusions, recognition of gain or loss, dividends; (2) deductions, expenses, interest, taxes, depreciation, depletion, losses; (3) filing returns; (4) social security, estate and gift taxes; and (5) state income tax. |
| (59.4 Lec. Hrs.) |
