Mississippi Valley State University

July 29, 2014

Accounting (AC)

AC221 Financial Accounting An introduction to generally accepted accounting principles and practices, with particular emphasis on the composition and meaning of financial statements. 3

AC222 Managerial Accounting A study of basic managerial accounting concepts and practices with emphasis on the uses of accounting data in the decision making process. 3

AC301 Intermediate Accounting I Discussion of accounting environment, process, concepts and theory. General survey of financial statements. Specific topics covered in more detail include accounting changes, income tax allocation, cash, investments, receivables, inventories, present value concepts an dnon-current assess. 3 Prerequisite AC222

AC302 Intermediate Accounting II Specific topics include current and contigent liabilities, bonds, pensions, leases, earning per share, contributed capital, retained earning, fund flow analysis, and price-level and current value accounting. 3 Prerequisite AC301

AC325 Governmental Accounting A study of the concepts and procedures underlying fund accouting for governmental and other non-profit entities. Also, budgetary control and financial reporting requirements for such entities. 3 Prerequisite AC222

AC326 Accounting Systems An exploration of the flow accounting information and resources throughout the entity with respect to management decision-making and control. Hands-on experience with microcomputer accounting software is an integral part of the course. 3 Prerequisite AC222 and OA 215

AC402 Tax I Introduction to federal taxation and the basic concepts and application(s) of federal personal tax laws. 3 Prerequisite AC221

AC403 Tax II A study of federal taxation and the basic concepts and applications of federal corporate and partnership tax laws. Included is coverage of gift and estate planning. 3 Prerequisite AC402

AC405 Auditing Theory and Practice Auditing theory, standards and procedures associate with the public accounting professions. The topics covered include audit reports, professional ethics, legal responsibilities, audit programs, statistical sampling, design and review of the internal control system, and study of the research bulletins of the AICPA and pronouncements of the SEC and other regulatory agencies. 3 Prerequisite AC302

AC430 Cost Accounting The uses of accounting data for: (1) planning and controlling routine operations; (2) non-routine decisions, policy making and long-range planning; and (3) inventory valuation and income determination 3 Prerequisite AC222

AC441 Advanced Accounting Accounting theory related to business combinations, consolidated financial statements, foreign operations, partnerships, and non-business organizations. 3 Prerequisite AC302

AC451 CPA Review Topics covered on the CPA examination. The focus is on the Accounting theory, practice, auditing, taxation, and law. 3 Prerequisite Senior accounting major or consent