AC-332 FEDERAL INCOME TAX LAW AND PRACTICE II
3 credits
A study of federal income taxation of corporations, partnerships, estates
and trusts, gift taxes, and other taxes. Students
prepare returns for each tax manually and
by computer. There is also extensive research
into the federal tax codes to determine proper tax liabilities and preparation/competition
methodologies. PREREQUISITE: AC-231
AC-334 ADVANCED COMPUTERIZED ACCOUNTING
3 credits
A rigorous and intensive course in computer applications of accounting software
for mid-sized businesses, large businesses,
multinational corporations, and subsidiaries of large enterprises. The Great Plains Dynamics Accounting
software is the center-piece of this course.
Students are taught to become hands on users
of all modules of the software, including System Video Training Sessions, Computer Based Tutorials, and Exercises.
Mastery of this powerful accounting software
will provide students with world-wide career opportunities. PREREQUISITE: AC-212
AC-340 ADVANCED ACCOUNTING
4 credits
This is an intensive course dealing with financial accounting and reporting for business combinations, mergers, consolidated financial statements, branch office accounting, foreign currency transactions, equity method of reporting investments, translation
of financial statements of foreign affiliates,
segment reporting and interim reporting, fund
accounting and accounting for governmental units, and corporate reorganization and liquidation.
Accounting for non-government-non-business
organizations and other specialized areas selected by the instructor are covered. PREREQUISITE: AC-331
AC-350 COST ACCOUNTING
4 credits
This course thoroughly examines the job order cost system and process cost
system. Budgeting and standard costing are
introduced. Emphasis is on accumulating and
using cost data to evaluate and control manufacturing costs and to assist management in planning, decision-making and performance analysis. PREREQUISITE: AC-162
AC-390, 391 COOPERATIVE EDUCATION SEMINAR
3 credits
An elective course that provides students with the opportunity to exercise their understanding of the academic field
and to apply classroom theory in actual work
settings in paid and non-paid supervised positions. A minimum of 15 hours per week of work, plus tutorial sessions, which include discussions
of topics related to matters on the job as well as career exploration. PREREQUISITE: 30 credits
AC-428 MANAGERIAL ACCOUNTING
4 credits
This course reviews managerial accounting concepts and methods which are used
in management decision making. Topics discussed include systems of cost accumulation, budgeting, standard costs and direct costing. The course also integrates material from accounting with economic analysis, quantitative methods,
cost-volume profit analysis and profit performance.
PREREQUISITE: AC-350.
AC-440 AUDITING I
3 credits
This course explores the auditing environment and auditing objectives. Auditing
theory and practice, the ethics of the accounting
profession and diversified techniques of auditing
are integrated into class discussions. Procedures
for auditing the income statement and the
balance sheet are emphasized. The importance
of independence and other aspects of the code of professional ethics, legal liability and internal control are discussed. The auditor’s responsibility for subsequent events are also considered. PREREQUISITE: AC-331, COREQUISITE: AC-340
