Essentials of cost accounting, cash flow statement analysis, budgets, breakeven analysis, relevant costs and planning capital acquisitions are studied. Students become proficient in creation, modification and automatic programming of spreadsheet functions. The auditor's professional and legal responsibilities, independence and compliance with the standards of the profession are emphasized. A problems and case study approach is used in the course. Ordinary income, capital gains and losses, business and non-business deductions are among the topics covered.
Consideration is given to the formation and taxation of the basic forms of business organizations.
Annually, Spring. ACC 362. A study of special concerns of the management accountant with emphasis on internal control, the performance evaluation and reporting process and plan revisions. The controller's role in budget preparation, cost analysis and performance measurement is stressed. Problems and authentic case studies are used to complement textbook assignments. The unique aspects of auditing these institutions are also discussed.