Accounting Classes

AC201 Principles of Accounting I. 3 hours. Introduction to the business approach to accounting systems with emphasis on a) the role of accounting in starting, establishing, and operating a business, b) the accounting cycle, and c) merchandising operations. Practical applications of math, communication, and skills used in business will be integrated. Prerequisite: MA103 (or ACT Math subscore > 20) OR MA101/102.

AC202 Principles of Accounting II. 3 hours. The continued study of business accounting systems with an emphasis on a) partnerships, b) corporations, c) financial statement analyses, and d) managerial accounting. Prerequisite: AC 201.

AC260 Special Problems. 1-5 hours. Independent study or research on a subject of interest to an individual student. Prerequisite: Instructor's permission. TBA.

AC268 Internship. 1-3 hours. Internship under a cooperative arrangement between the division and an agency, institution, or firm. Prerequisite: Division chair's permission. TBA.

AC301 Intermediate Accounting I. 3 hours. Advanced study of accounting practices with emphasis on the conceptual framework and principles, the financial statements, their elements and supporting schedules, and the time value of money. Prerequisites: AC201 and AC202. Fall.

AC305 Intermediate Accounting II. 3 hours. A continuation of the study of accounting practices with emphasis on earnings per share, pensions, leases, income tax, accounting errors and changes, and additional aspects of financial reporting and financial analysis. Prerequisite: AC301. Spring.

AC313 Fraud Examination. 3 hours. The course will cover all the major methods that employees use to commit occupational fraud. Students will learn how and why occupational fraud is committed, how fraudulent conduct can be deterred, and how allegations of fraud should be investigated and resolved. Prerequisite: Accounting, Business, or Criminal Justice major; Junior or Senior standing; or permission of the instructor. Even-numbered Springs.

AC320 Cost Accounting. 3 hours. Considers commonly used cost accounting concepts and methods, along with special problem-solving techniques, to be used by management in controlling current operations, costing products, and services and planning for the future. Application of these procedures via spreadsheets includes manufacturing, merchandising and service organizations. Prerequisites: AC201 and AC202. Odd-numbered Falls.

AC340 Income Tax. 3 hours. Survey of individual federal income tax laws. Topics will include property transactions; business, farm, rent, royalty, and investment income; and employee expenses. Forms 1040EZ, 1040A, and 1040 and the accompanying schedules are considered. Fall.

AC350 Accounting for Governmental and Not-For-Profit Organizations. 3 hours. Concepts and techniques of accounting for organizations which are not seeking profits. Topics include the concept of a fund; various types of funds; special problems of municipalities, public schools, universities, hospitals, churches and the federal government. Prerequisites: AC201 and AC202. Even-numbered Springs.

AC360 Special Problems. 1-5 hours. Independent study or research on a subject of interest to an individual student. Prerequisite: Instructor's permission. TBA.

AC368 Internship. 1-12 hours. Internship under a cooperative arrangement between the division and an agency, institution, or firm. Prerequisites: Division chair's permission; Junior or Senior standing.

AC370 Information Systems. 3 hours. Survey of the systems development process and the role of information systems in business with emphasis on accounting information systems. Students will become familiar with the general role, structure, and control of the accounting information system. A specific application software package for a small business is introduced and used. Cross-listed with MG370. Prerequisite: Junior standing, BU225, or a course in programming. Even-numbered Falls.

AC430 Auditing. 3 hours. Investigative techniques with emphasis on the decision making process. Major areas include the audit environment, theory and concepts, auditing specific cycles and accounts, completing the audit, and reporting the results. Prerequisite: AC301. Odd-numbered Springs.

AC460 Special Problems. 1-5 hours.Independent study or research on a subject of interest to an individual student. Prerequisite: Instructor's permission. TBA.

AC468 Senior Internship. 1-15 hours. Internship under a cooperative arrangement between the division and an agency, institution, or firm. Prerequisites: Division chair's permission, Senior standing.

AC480 Major Readings in Accounting. 3 hours. Students will read significant works in Business and Accounting with reflections of those readings including how the topics are currently influencing the industry. Students will be led in discussions regarding current topics in the industry and will complete a thesis paper and oral presentation on a current issue within the student's field. Students will write various forms of communication, including memos and business letters, in response to business-related issues such as harassment, discrimination, violence, and ethical dilemmas. Prerequisite: Junior standing, Accounting major.

AC490 Special Topics in Accounting. 1-3 hours. Advanced course on a topic not included in the regular curriculum. Prerequisite: Instructor's permission. TBA.

 
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