Course Descriptions

AC 201 - Accounting I - Financial

(Credits: 4.00)

This is an introduction to basic accounting principles, double-entry accounting, preparation of balance sheets, income statements, and statements of cash flows for effective planning, controlling, and decision making. Prerequisite: MT 107 (MT 115) or placement results; sophomore standing or department approval.

AC 202 - Accounting II - Managerial

(Credits: 4.00)

This course focuses on the study of accounting information provided to managers. Topics include cost behavior, job order costing, process costing, cost-volume-profit analysis, master budgets, standard costing, flexible budgets, relevant cost decisions, and activity-based costing. Prerequisite: AC 201.

AC 203 - Financial and Managerial Accounting

(Credits: 4.00)

This course provides students with basic accounting knowledge, covering what accounting information is, what it means, and how it is used. Emphasis is on accounting as the language of business from the view of the managerial decision maker. Prerequisite: MT 115 or high school algebra II.

AC 301 - Intermediate Accounting

(Credits: 4.00)

This is the study of accounting theory and standards as well as the application of generally accepted accounting principles (GAAP) to current assets, plant equipment, intangibles, current and long-term liabilities, and stockholders’ equity of the accounting entity. Also covered are International Financial Reporting Standards as they pertain to course material. The Financial Accounting Standards Board (FASB) Codification also is introduced. Prerequisite: AC 201.

AC 302 - Advanced Financial Accounting

(Credits: 3.00)

This course is an extension of the theory and applications of generally accepted accounting principles (GAAP) to dilutive securities, earnings per share, investments, revenue recognition, the statement of cash flows, and accounting for leases, pensions and income taxes. Also covered are International Financial Reporting Standards as they pertain to course material. The Financial Accounting Standards Board (FASB) Codification is used to perform accounting research. Prerequisite: AC 301.

AC 310 - Accounting: Consolidations

(Credits: 3.00)

This course covers accounting theory and practice involved in the contraction and expansion of business organizations, including parent-subsidiary relationships, business combinations, consolidated financial statements, and foreign operations. Advanced topics include partnership accounting, foreign currency transactions, and translation of foreign currency financial statements. Prerequisite: AC 301.

AC 320 - Non-Profit and Governmental Accounting

(Credits: 3.00)

This is a study of the accounting issues unique to federal, state, and local governments, colleges and universities, health care organizations as well as other not-for-profit entities. Prerequisite: AC 301.

AC 360 - Income Tax Accounting I

(Credits: 3.00)

This course focuses on federal income tax laws as they apply to individuals. Prerequisite: AC 201.

AC 361 - Income Tax Accounting II

(Credits: 3.00)

The emphasis in this course is on federal taxation as it applies to regular and S corporations, partnerships, estates, and gifts. Prerequisite: AC 360.

AC 366 - Cost Accounting

(Credits: 3.00)

This is the study of cost accounting as a managerial tool for business strategy and implementation. Specific topics include activity-based costing and management, pricing, the balanced scorecard, profitability analysis, cost allocation, inventory management, and management control systems. Prerequisite: AC 202.

AC 368 - Auditing

(Credits: 3.00)

This course covers general principles of auditing including preparation of working papers and the examination, evaluation and reporting of financial data. Topics include auditing standards, evidence, ethics, internal control, audits, sampling, computerized systems, legal responsibilities, reporting responsibilities and procedures. Prerequisite: AC 301.