ACCOUNTING

skills, this course helps prepare students for success in Quest and Interdisciplinary Studies courses. Furthermore, using these real world examples, students will deepen their understanding of numbers and operations. Finally, this course is designed to help students in their academic transition to college life by focusing on the strategies needed to succeed in their college classes.

MA005 College Algebra Review 2 hours

This course is designed for students needing college algebra but not trigonometry as a requirement for their major or for General Education and lacks the prerequisites for MA104 College Algebra. This 2 hour academic support class is a co-requisite with MA104, College Algebra. College Algebra Review topics include expressions, solving equalities and inequalities, functions, graphs of functions, and systems of equations. No credit will be given to those who have passed College Algebra/Trigonometry or a calculus course. Prerequisites: High school Algebra I with a grade of at least a B or Math ACT score of 16. Corequisite: MA104 College Algebra.

MA096 Intermediate Algebra 3 hours

Designed for students needing to meet the prerequisite for MA104. Topics include expressions, solving equalities and inequalities, functions, graphs of functions, and systems of equations. No credit will be given to those who have passed College Algebra/Trigonometry or a calculus course. Prerequisites: High school Algebra I with a grade of at least a B or Math ACT score of 16.

Carlson, Dutton *Alternate Year Course

AC201 Financial Accounting 3 hours

Study of accounting theory and application for sole proprietorships, partnerships, and corporations. Areas of study will include the accounting cycles for service and merchandising firms, preparation of the balance sheet, income statement, retained earnings statement, specific aspects of accounting such as control over cash, accounts receivable, inventory, plant assets, payroll, and liabilities. Financial accounting is concerned with external reporting of accounting data.

AC202 Managerial Accounting

3 hours

Study of internal accounting for managerial decision-making. Areas of study will include cost-volume profit analysis, manufacturing cost planning and control, cost behavior, responsibility accounting, master budgeting, capital budgeting, process cost systems, job cost systems, direct and absorption costing, quantitative analysis, financial statement analysis, and cash-flow statements. Prerequisite: AC201.

AC300 Computerized Accounting Systems 3 hours

An overview of microcomputer accounting systems. Emphasis will be on computerized accounting systems for one-owner businesses and corporations. Applications include using the microcomputer to establish and then operate a system of accounts for various types of business operations needed in business to make timely management decisions. Prerequisite: AC201, EC200, or consent of instructor.

AC301 Intermediate Accounting I 4 hours

A conceptual approach to intermediate level accounting theory and practice. Development of current accounting theory as applied to balance sheet evaluation and the determination of net income per operating statements including proprietorships, partnerships, and corporations. The remaining topics include concepts of present and future values, current assets, liabilities and taxes, inventory problems, operational assets, and intangible assets. Prerequisite: AC202.

AC302 Intermediate Accounting II

4 hours

A conceptual approach to intermediate level accounting theory and practice. Areas covered are current liabilities, bonds, corporations, stock rights, options, earnings per share, long-term investments in equity and debt securities, leases, cash flow statements, accounting changes, error correction and incomplete records, interim reports, segment reporting, and analysis of financial statements. Prerequisite: AC301.

AC303* Cost Accounting 3 hours

The principles, theory, and mechanics of determining, measuring, applying, and recording the various costs of producing and selling a unit of output for a specific order or for continuous process production. Preparation, analysis, and interpretation of statements based upon cost data. Prerequisite: AC202.