8 courses with the subject AC, each shown exactly as we captured it from the college's catalog, with every element we hold. Where the wording looks broken, that is our reading of the catalog, not the college's text.
AC 110/111 Principles of Financial Accounting (3/4)
Introduction to Generally Accepted Accounting Principles and prac- tices involved in collecting, classifying, recording, reporting, and in- terpreting an organization’s financial transactions and value changes. The course develops the logic of the fundamental accounting equa- tion, covers basic terms and concepts, and explores some of the ethi- cal issues confronting the accounting profession. AC 111 includes a 1-credit QuickBooks lab that brings practical skills in accounting.
Intensive examination of fundamental accounting theory, assump- tions, and principles, with application of these concepts to the re- cording and reporting of financial transactions. These courses empha- size a conceptual rather than mechanical approach to accounting.
Covers principles and techniques of accounting for direct material, direct labor, and overhead costs of an enterprise. Job, order, and standard costing systems are introduced. Topics include variance analysis, Activity Based Costing, and the implications of full and vari- able costing systems on financial statements. Prerequisite: AC 112.
Exposes the student to fundamental tax principles for business and investment planning. Concentrates on the tax environment, tax plan- ning, measurement of taxable income, taxation of business and indi- vidual income, and the tax compliance process.
Concentrates on a conceptual approach to some of the more signifi- cant areas of specialization in financial accounting. Topics include partnerships, business combinations, consolidations, foreign exchange accounting, government and not-for-profit accounting.
Examination of generally accepted standards involved in audits, attes- tations, and assurance services. Standards include procedures, prac- tices, and ethical rules for different levels of assurance. Topics cov- ered include reports, evidence, sampling, planning, and landmark le- gal cases. Prerequisites: AC 241 and 242.
