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Accounting Courses

AC 220 - Accounting Principles 1
4 credits. This is a comprehensive course covering generally accepted accounting principles, the accounting cycle, accounting for service and merchandise enterprises, payroll, cash management, valuation of inventory, accounts receivable, and plant assets. Prerequisite: MG 220. English Placement Level: EN 093/094.

AC 221 - Accounting Principles II
4 credits. This course continues the study of accounting principles with emphasis on accounting for partnerships and corporations. Preparation and analysis of financial statements, introduction to cost accounting, budgeting and planning, using accounting for management purposes, income taxes, and introduction to accounting for a manufacturing enterprise are also covered. Prerequisite: AC 220. English Placement Level: EN 093/094.

AC 226 - Computerized Accounting
3 credits. This course allows students who have been exposed to manual accounting procedures to work with a computerized accounting system. General ledger, accounts receivable, accounts payable, depreciation, and payroll procedures are covered. This course uses Quickbooks accounting software. Prerequisite: AC 221. English Placement Level: EN 101. Math Placement Level: MA 132.

AC 230 - Intermediate Accounting I
>3 credits. This course concentrates on accounting theories and components of financial statements. It includes an in-depth study of accounting’s conceptual framework, the accounting process, financial statements, time value of money, cash and receivables, inventories, and fixed assets. It emphasizes the application of generally accepted accounting principles to these components and to reporting procedures. Prerequisite: AC 221. English Placement Level: EN 101. Math Placement Level: MA 091.

AC 231 - Intermediate Accounting II
3 credits. This course continues the study of accounting theories and components of financial statements. It includes utilization and retirement of non-concurrent assets, liabilities, owners’ equity, and the application of generally accepted accounting principles. It also includes the study of special problems in income determination and other dimensions of financial reporting. Prerequisite: AC 230. English Placement Level: EN 101. Math Placement Level: MA 091.



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