Courses - LCSC Catalog

Accounting (Business Division) (AC)

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Course Descriptions - Lewis-Clark State College 2002-2003 Catalog

AC 231 - Principles of Accounting I (3 cr.)
Surveys accounting principles, practices, and decision making in organizations. Addresses topics of managerial, financial, not-for-profit, taxation and international accounting. Develops and applies analytic accounting skills and techniques to management decision making. Continued in AC 232 Principles of Accounting II.

AC 232 - Principles of Accounting II (3 cr.)
A continuation of AC 231. Pre-requisite: AC 231.

AC 292/392/492 - Special Topics Courses in Accounting (1-3 cr.)
Pre-requisite: Consent of instructor.

AC 331 - Intermediate Accounting I (3 cr.)
A study of theory, concepts, and financial accounting standards and their application to decision making. Topics include financial statements, the accounting model, assets, liabilities, stockholder's equity, and other financial disclosures. Emphasizes the effects of accounting principles on decision making, external disclosure consequences of corporate decisions, and the private sector influence on the regulatory and standard-setting environment. Incorporates computer applications into course work. Continued in AC
332 Intermediate Accounting II. Pre-requisite: AC 232.

AC 332 - Intermediate Accounting II (3 cr.)
A continuation of AC 331. Pre-requisite: AC 331.

AC 385 - Managerial/Cost Accounting I (3 cr.)
A study of managerial and cost accounting concepts and their application to planning and control of the firm. Topics include accounting for performance and productivity measurement, revenue and cost analysis for decision making and investigating modern managerial accounting decisions. Emphasizes analytical reasoning to enhance decision making. Incorporates computer applications into course work. Pre-requisites: AC 232, MATH 130 or MATH 160.

AC 395 - Managerial/Cost Accounting II (3 cr.)
A continuation of Managerial/Cost Accounting I. Pre-requisite: AC 385.

AC 483 - Tax Accounting I (3 cr.)
A survey of domestic taxation philosophy, concepts, legislation and practice with emphasis on tax filings and topics relevant to individual taxation. Pre-requisite: AC 332 or instructor consent.

AC 484 - Tax Accounting II (3 cr.)
Continuation of topics relevant to individual taxation and a survey of corporate, partnership and estate taxation philosophy, concepts, legislation and practice. This course will emphasize corporate taxation and tax planning for the corporate entity and introduction to tax research. Pre-requisite: AC 483.

AC 485 - Auditing Concepts (3 cr.)
Examines financial and operational auditing philosophy and techniques. Topics include auditing standards, internal control design and evaluation, statistical applications in auditing, evidence and report writing. Examines legal and ethical issues, governmental influence on auditing, and auditing's role in organizational change. Pre-requisite: AC 332.