| AC:051 Basic Accounting 3 cr. CMS |
| 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 Accounting I: Financial 3 cr. CMS |
| 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. |
| (59.4 Lec. Hrs.) |
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| AC:119 Accounting II: Managerial 3 cr. CMS |
| 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:117 Federal Income Tax 4 cr. S |
| Covers federal income taxes as they apply to the individual, partnerships and business. Major emphasis is placed on the individual return including supporting schedules and statements. Considerable effort is expended in actual form completion and understanding of IRS requirements. |
| (59.4 Lec. Hrs./39.6 Lab Hrs.) |
| Prerequisite: AC:100 or permission of the instructor. |
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| AC:121 Payroll Accounting 3 cr. MS |
| This introductory course covers the processes of payroll accounting. Topics include methods of computing compensations, state and federal laws affecting payroll, mandatory and voluntary payroll deductions, methods of keeping payroll records, and preparation of internal and governmental reports. |
| (39.6 Lec. Hrs.) |
| Prerequisite: AC:118 or permission of the instructor. |
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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:162 Microcomputer Accounting 4 cr. S |
| This course is designed to develop accounting and problem solving skills on microcomputers. Students will complete the accounting cycle through financial statement preparation using integrated accounting software packages. Use of electronic spreadsheet capabilities will be explored. |
| (59.4 Lec. Hrs./39.6 Lab Hrs.) |
| Prerequisite: AC:119 or permission of the instructor. |
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| AC:201 Intermediate Accounting 4 cr. MS |
| The in-depth study of selected financial accounting theory and practices. Topics may include professional organization structures, financial statements, the time-value of money, inventories, other current and non-current assets and liabilities. As time permits some other specialty topics, such as the statement of cash flows, accounting for leases, and revenue recognition principles are introduced. |
| (59.4 Lec. Hrs./39.6 Lab Hrs.) |
| Prerequisite: AC:119 or permission of the instructor. |
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| AC:210 Cost Accounting 3 cr. CMS |
| 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:218 Governmental and Nonprofit Accounting 3 cr. S |
| The purpose of this course is to give the student a basic background in accounting principles and practices for governmental units and other nonprofit organizations. |
| (59.4 Lec. Hrs.) |
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| AC:290 Certified Bookkeeper Review 3 cr. S |
| This course is designed to prepare the student to successfully sit for the Certified Bookkeeper Exam. Material will be reviewed to aid the student in attaining the knowledge and skills required to conduct all key bookkeeping and accounting functions through the adjusted trial balance and basic payroll concepts for small to mid-size organizations. |
| (59.4 Lec. Hrs.) |
| Prerequisite: AC:119 or permission of the instructor. |
