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 201. (Offered fall terms)
AC 170 Computer Programming Packages
3 credits (CS)
This course introduces the student to the computerized systems for general ledger, accounts receivable and payroll. The course provides practical experience and application in such areas as posting, referencing, formatting, account control and set-up, account use and scheduling. Payroll experience will include rate calculations, payroll distribution, payroll forms, tax tables, and various other government related reporting forms. Prerequisite: AC 201 Financial Accounting and AC 202 Managerial Accounting.
AC 201 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. (Offered fall and spring terms)
AC 202 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. (Offered fall and spring terms) Prerequisite: AC 201 Financial Accounting passed with a grade of "C" or better.
AC 222 Hospitality Accounting
3 credits (CS)
This course provides an introduction to the fundamentals of hotel and restaurant finance and develops an understanding of the strategic roles that financial analysis and finance play in internal management decision making.
AC 301 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. Prerequisites: AC 201 Financial Accounting and AC 202 Managerial Accounting.
AC 302 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 as an independent study) Prerequisite: AC 301 Intermediate Accounting I.
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. (Offered as an independent study.) Prerequisites: AC 201 Financial Accounting, AC 202 Managerial Accounting; Recommended: AC 301 Intermediate Accounting I.
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. (Offered as an independent study) Prerequisites: AC 201 Financial Accounting, AC 202 Managerial Accounting, and AC 411 Accounting Theory 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. Prerequisites: AC 201 Financial Accounting and AC 202 Managerial Accounting.
AC 436 Principles of Cost Accounting
3 credits (CS)
The concepts presented in this course include analysis of the cost of manufacturing and distribution for the purpose of managerial decisions. Cost behavior, job order, standardized cost systems, process cost accounting systems, budgets, and inventory planning are presented at the managerial level as an integral function to planning and control. Prerequisites: AC 201 Financial Accounting and AC 202 Managerial 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 201. (Offered fall terms)
AC 170 Computer Programming Packages
3 credits (CS)
This course introduces the student to the computerized systems for general ledger, accounts receivable and payroll. The course provides practical experience and application in such areas as posting, referencing, formatting, account control and set-up, account use and scheduling. Payroll experience will include rate calculations, payroll distribution, payroll forms, tax tables, and various other government related reporting forms. Prerequisite: AC 201 Financial Accounting and AC 202 Managerial Accounting.
AC 201 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. (Offered fall and spring terms)
AC 202 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. (Offered fall and spring terms) Prerequisite: AC 201 Financial Accounting passed with a grade of "C" or better.
AC 222 Hospitality Accounting
3 credits (CS)
This course provides an introduction to the fundamentals of hotel and restaurant finance and develops an understanding of the strategic roles that financial analysis and finance play in internal management decision making.
AC 301 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. Prerequisites: AC 201 Financial Accounting and AC 202 Managerial Accounting.
AC 302 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 as an independent study) Prerequisite: AC 301 Intermediate Accounting I.
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. (Offered as an independent study.) Prerequisites: AC 201 Financial Accounting, AC 202 Managerial Accounting; Recommended: AC 301 Intermediate Accounting I.
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. (Offered as an independent study) Prerequisites: AC 201 Financial Accounting, AC 202 Managerial Accounting, and AC 411 Accounting Theory 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. Prerequisites: AC 201 Financial Accounting and AC 202 Managerial Accounting.
AC 436 Principles of Cost Accounting
3 credits (CS)
The concepts presented in this course include analysis of the cost of manufacturing and distribution for the purpose of managerial decisions. Cost behavior, job order, standardized cost systems, process cost accounting systems, budgets, and inventory planning are presented at the managerial level as an integral function to planning and control. Prerequisites: AC 201 Financial Accounting and AC 202 Managerial Accounting.