AC 111 Principles of Accounting I (F/S)

3 Semester Hours.This principles course covers the theory of debits and credits; accounting theory and methods will be used to record and report financial information for services and merchandising businesses.  Topics include steps in the accounting cycle, preparations and use of basic financial statements, inventory methods and depreciation methods.  Accounting for both single proprietorships and partnerships is introduced.

AC 112 Principles of Accounting II (F/S)

3 Semester Hours. Prerequisite: AC 111. This course is an introduction to principles and procedures in accounting for a corporation and manufacturing-type businesses. Topics include preparation of the statement of cash flows, financial statement analysis, introductions to managerial accounting and methods used to  report and analyze financial performance to decision makers internal to the firm, cost accounting, budgeting, standard cost systems, breakeven analysis, and ratio analysis.

AC 113 Practicum for Accounting Principles (F/S)

3 Semester Hours. Prerequisite: AC 111. A practical "hands-on" accounting course designed to apply the student's knowledge of fundamental accounting principles in a computerized environment.  Emphasis will be placed on the applications of a computerized general ledger package to the accounting cycle, including processing journal entries, general ledger, accounts receivable, accounts payable, and financial statement analysis.  Students will maintain accounting records on the computer using three educational accoutning software packages.  

AC 211 Intermediate Accounting I (F)

3 Semester Hours. Prerequisite: AC 112. A study of generally accepted accounting principles (GAAP) dealing with the application of accounting theory, standards, and precedures to accounting problems.  Topics include conceptual framework, statements of: income, retained earnings, financial position and cash flow, time value of money, and current/fixed assets.

AC 212 Intermediate Accounting II (S)

3 Semester Hours Prerequisite: AC 211. Continued application of accounting theory, standards, and procedures to accounting problems.  Topics include current/long-term liabilities, stockholder's equity, investments, revenue recognition, income taxes, postretirement benefits, leases, changes and error analysis, and full disclosure in financial reporting.

AC 248 Income Tax Accounting (F)

3 Semester Hours Prerequisite: AC 111.  This course is a study of how accounting data can be interpreted and used by management in planning and controlling business activities of the firm.  The uses of accounting data by investors, quantitative methods, and organizational behavior are also considered.

AC 249 Managerial Accounting (F/S)

3 Semester Hours. Prerequisite: AC 111. This course is a study of how accounting data can be interpreted and used by management in planning and controlling business activities of the firm. The uses of accounting data by investors, quantitative methods, and organizational behavior are also considered. 

AC 250 Computerized Accounting (formerly CS250) (S)

3 Semester Hours Prerequisite: AC 111 or SE 101 and any CS class. This course presents hands-on training using Peachtree Complete Accounting.  Topics covered include: Vendor transactions, customer transactions, inventory, internal control, payroll, account reconciliation, job cost, financial statements, and the closing process.  Students will complete projects involving various businesses.

AC 255 Governmental Accounting

3 Semester Hours. Prerequisite: AC 112. Applications of fund accounting principles are applied to governmental and non-profit entries.  Students learn skills necessary to understand the organization, accounting functions, auditing, and financial reporting practices of governmental and non-profit organizations.  Governmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB) requirements are taught.

AC 260 Accounting Capstone/Internship

3 Semester Hours Prerequisite: All courses pertinent to the Business Accounting Degree Program. Student must also be an Associate in Applied Science Accounting program candidate for graduation. The capstone guides the student in dealing with ethics, internal control, fraud and financial statement analysis in the accounting environment which will require the student to confront and resolve accounting problems by integrating and applying skills and techniques acquired from previous courses. It will prepare students in developing a personal code of ethics by exploring ethical dilemmas and pressures they will face as accountants. The course will help the student understand financial statement analysis and the relation to fraud and fraud detection. It will prepare students for the ACAT Comprehensive Examination for Accreditation in Accountancy. The internship presents an opportunity for on-the-job training and instruction in an accounting oriented work site. Student assignments are made consistent with vocational objectives.This course is a study of how accounting data can be interpreted and used by management in planning and controlling business activities of the firm. The uses of accounting data by investors, quantitative methods, and organizational behavior are also considered.

AC 265 Payroll Accounting

3 Semester Hours.  This course covers federal and state laws pertaining to wages, payroll taxes, payroll tax forms, and journal and general ledger transactions.  Emphasis is placed on computing wages, calculating social security income and unemployment taxes, perparing appropriate payroll tax forms; and journalizing/posting transactions including payroll registers.  Acquired knowledge will be applied to practical payroll situations.  A comprehensive software and practice set requires students to perform payroll functions for a small business.  After completing this course, a student will be qualified to take the Payroll Certification Examination to  be certified as a Certified Payroll Professional (CPP), and/or Fundamental Payroll Certification (FPC), which is given by the American Payroll Association.

AC 275 Special Topics in Accounting I (O)

1-3 Semester Hours Prerequisite: Permission of Department Chair. This course presents classes in Accounting which the College expects to offer once or occasionally in response to specific community needs. It may consist of seminars, specialized or individual instruction, and/or research in an area related to Accounting.

AC 290 Internship in Accounting (S)

3 Semester Hours
Prerequisite: Student must be an AAS Accounting program candidate for graduation.
This course presents an opportunity for on-the-job training and instruction in an accounting oriented work site. Student assignments are made consistent with vocational objectives.