The scope of these procedures is considered in relation to the assessment of internal controls and audit risk. The study of federal tax law as it applies to individuals and businesses. Emphasis is placed on the determination of income, deductions, and credits, and the tax consequences of property transactions. Qualified students work full-time for public accounting firms, businesses or governmental agencies gaining valuable experience. Work progress is coordinated through visitation, discussion, and writings.
Attention is given to the appropriate communication of decision-relevant information.
Topics include cost management, the theory of constraints, linear programming, decentralization and transfer pricing, budgeting and project implementation management. A course for the study of special topics and experimental course offerings in the accounting program. Advanced study of taxation as it applies to corporations, partnerships and fiduciaries including the tax implications of forming, operating, and dissolving such entities. Entities to be covered include municipal governments and hospitals. Other special topics are included to meet current business requirements.