Back to Academics ACCOUNTING

Course Descriptions

AC230 PRINCIPLES OF ACCOUNTING I (4). An introduction to the fundamentals of accounting theory, accrual accounting, and financial reporting. Includes the study of the accounting for cash, receivables, payables, inventories, plant assets, long-term liabilities and stockholders' equity for service and merchandising firms. Prerequisite: MT100 or math placement into MT107 or higher.

AC231 PRINCIPLES OF ACCOUNTING II (4). A continuation of AC230. The study of accounting for manufacturing firms and activities. Includes the study of short-term decision making, budgeting, pricing, performance evaluation, and capital investment. In addition, the course examines accounting for cash flows and the analysis of financial statement information. Prerequisite: AC230.

AC330 INTERMEDIATE ACCOUNTING I (4). A thorough review of the accounting process and financial statements. In-depth analysis of all assets, current liabilities and contingencies, bonds, leases, and revenue recognition. Prerequisite AC231.

AC331 INTERMEDIATE ACCOUNTING II (2). A continuation of AC330. Includes an in-depth study of accounting for income taxes, pensions and other benefits, shareholders equity and financial statement analysis. Prerequisite: AC330.

AC333 CONSOLIDATED FINANCIAL REPORTING (2). A study of the accounting procedures for business combinations and consolidated entities. Prerequisite: AC331.

AC336 TAX ACCOUNTING (4). A study of personal and corporate income tax accounting, determining gross income, deductions, credits, tax rates, and capital gains. Prerequisite: AC231.

AC340 ACCOUNTING INFORMATION SYSTEMS (2). A study of the documentation, design, operation and control of accounting information systems. Emphasis is given to hands-on use of the Internet and PC-based spreadsheet and accounting software. Prerequisite: AC231.

AC342 COST MANAGEMENT (2). A study of the processing and reporting of information for the purpose of decision making, planning and control, and performance evaluation. A major objective is to prepare students to use and critically evaluate cost management information. Topics covered include job order and activity based costing, cost estimation, budgeting and cost variance analysis. Prerequisite: AC231.

AC350 TOPICS IN ACCOUNTING AND FINANCE (4). An in-depth examination of a topic in Accounting. May be repeated when topics vary.

AC430 SPECIAL SITUATIONS AND ISSUES IN CONTEMPORARY FINANCIAL REPORTING (4). A study of governmental and not-for-profit accounting, effects of international operations on financial reporting including foreign currency translations, financial statement analysis including standards formation, researching standards, professional ethics and responsibilities, and other issues of current interest to financial accountants. Prerequisite: AC330.

AC431 AUDITING (4). A study of the audit objectives and procedures of the professional auditor; techniques for audit decision internal control, audit evidence, statistical sampling, computerized systems, auditing standards, professional ethics, and legal responsibility. Prerequisites: AC330, AC340 and senior standing.