CULVERHOUSE SCHOOL OF ACCOUNTANCY (AC)

Dr. Thomas P. Howard, Director
Office: 314 Alston Hall

In addition to completing the specific prerequisites included in the descriptions of the following courses, all students seeking to enroll in 300- or 400-level courses in the Culverhouse College of Commerce and Business Administration must have attained junior standing, which is defined for purposes of this policy as having earned 55 semester hours. Furthermore, all C&BA students must, prior to seeking to enroll in any 300- or 400-level C&BA course, complete or be enrolled in the following prerequisites: EC 110 and EC 111; MATH 112 and MATH 121, or MATH 115 and MATH 125; CS 102; AC 210; ST 260; and LGS 200 (or their equivalents). Failure to fulfill all prerequisites prior to enrolling in a 300- or 400-level C&BA course will result in administrative disenrollment from that course.

AC 210 or its equivalent is a prerequisite for all accounting program courses numbered 300 or above.

Accounting majors must earn grades of "C-" or higher in all required accounting courses. See the Culverhouse School of Accountancy section of this catalog for policies on grading and repeating courses.

Third-year requirement for accounting majors. No 300- or 400-level accounting courses may be transferred from another institution and applied to the degree requirements for accounting majors. These upper-level courses have unique components, and equivalent courses do not exist at other universities. A condition of enrollment in all undergraduate accounting courses other than AC 351 and AC 352 is admission to the Culverhouse School of Accountancy or permission of the director.

AC 210 cannot be taken prior to the second semester of the sophomore year. Students not meeting this requirement will be administratively disenrolled from this course.

AC 210 Introduction to Accounting. Four hours.

Introduction to accounting and financial reporting concepts and the use of accounting information in financial and managerial decisions. Students who intend to major in accounting should take CS 285 before or concurrently with AC 210.

AC 310 Financial Accounting I. Three hours.

Prerequisite: Admission to the Culverhouse School of Accountancy or permission of the director.

Corequisite: AC 371.

Intensive study of accounting theory and procedures of financial reporting by business and nonprofit organizations. Attention is given to the professional environment of accounting and to the international and ethical dimensions of accounting.

AC 311 Financial Accounting II. Three hours.

Prerequisite: AC 310 with grade of "C" or higher.

Corequisite: AC 389.

Continuation of AC 310.

AC 351 Managerial Accounting Decisions. Three hours.

Prerequisite: AC 210.

Study of managerial accounting concepts and their use in business decisions. Not open to accounting majors.

AC 352 Corporate Financial Reporting. Three hours.

Prerequisite: AC 210.

Study of financial accounting concepts and their use in analyzing and interpreting financial reports. Not open to accounting majors.

AC 361 Managerial and Cost Accounting. Three hours.

Prerequisites: AC 310 with grade of "C" or higher and admission to the Culverhouse School of Accountancy or permission of the director.

Study of theory and procedures associated with accounting as a means of planning and control in business organizations.

AC 371 Income Taxation I. Three hours.

Corequisite: AC 310.

Introduction to the concepts and procedures of business and personal taxation.

AC 389 Accounting Information Systems I. Three hours.

Prerequisites: AC 310 with a grade of "C" or higher, CS 285, and admission to the Culverhouse School of Accountancy or permission of the director.

Introduction to the components of computerized management information systems and applications of computer-based systems to business decisions.

Only students admitted to the Culverhouse School of Accountancy may enroll in 400-level accounting courses without special permission of the director.

AC 432 Introduction to Auditing. Three hours.

Prerequisite: AC 311 with a grade of "C" or higher.

Study of standards, concepts, procedures, and professional ethics underlying the practice of financial and operational auditing.

AC 456 Governmental and Nonprofit Accounting. Three hours.

Prerequisite: AC 310 with grade of "C" or higher.

Special features of budgetary and fund accounting are applied to municipalities, other government units, and institutions such as schools and hospitals.

AC 471 Income Taxation II. Three hours.

Prerequisite: AC 371 with a grade of "C" or higher.

Continuation of AC 371. This course is required for students admitted to the M.T.A. program.

AC 489 Accounting Information Systems II. Three hours.

Prerequisite: AC 311 and AC 389 with grades of "C" or higher.

Integrates computer-based systems concepts and techniques with accounting information processes. Considers use of system principles and practices in the analysis and design of accounting information systems.

AC 491 Independent Study in Accounting. Three hours.

Prerequisite: Permission of the director. Students may earn degree credit for only one independent study course (491).

AC 492 Internship. Three hours.

Prerequisites: Junior or senior standing and a grade point average of

2.5 or higher. Students may earn degree credit for only one internship (492).

Students are selected through a competitive process for assignments in approved business or public sector organizations.

AC 497 Special Topics in Accounting. Three hours.