This advanced accounting course emphasizes accounting for corporations, including plant and equipment, investments, intangibles, long-term liabilities and retained capital. Students will learn the theory as well as the practice in these areas. Summer A continuation of the studies in Intermediate Accounting I, 4020. Students will be taught concepts of taxable income, laws and regulations in their application to various classifications of taxpayers including individuals and small businesses. There is practice on preparation of tax returns for individuals, partnerships and corporations.
Current software is used.
Practical experience in working directly from source materials in documents in an audit case study. This course will enhance a student's understanding of basic accounting procedures along with increasing their computer application skills. This will include the use of spreadsheet software and a single entry accounting package. Students will first learn these topics in a manual setting and then apply them to computer software programs. This course is a continuation of course 04031.