Classes

AC 221 Principles of Accounting I

3 credit hours
Principles and procedures involved in the accounting cycle, with emphasis on the logical application of accounting theory to the recording and interpretation of business transactions.

AC 324 Intermediate Accounting I

3 credit hours
Financial accounting theory and practice, including thorough study of the accounting principles underlying reports on financial position and results of business operation. Prerequisites: AC 222 and junior standing.

AC 325 Intermediate Accounting II

3 credit hours
Continuation of AC 324, which is a prerequisite.

AC 423 Auditing I

 3 credit hours
Theory and concepts underlying generally accepted auditing standards, with emphasis on the professional, ethical, and legal environments in which auditors work. Topics include the profession’s standard-setting structure, code of ethics, Securities Acts of 1933 and 1934, Statements on Auditing Standards, and attribute sampling. Prerequisite: AC 325.

428 Auditing II

3 credit hours
Procedural aspects of auditing, including internal control evaluation, audit program design, variable sampling, and EDP auditing. A case study that reinforces these topics is used, and emphasis is placed on auditing with the microcomputer. Includes an introduction to both transaction-cycle and balance-sheet audits. Prerequisite: AC 423.