An intensive study of formal accounting concepts, procedures, and practices. Continuation of BUS 120, dealing with accounting for partnerships, corporations, equity issues, statements of change in financial position, analysis of financial statements, accounting for branches and consolidations, cost accounting and federal tax accounting. BUS 122 Computer Accounting 3 cr. Computer accounting concepts for service and retail businesses including petty cash, payroll, preparation of journals and ledgers and preparation of financial statements entirely on IBM compatible computers. Information for individuals for preparing Federal Tax Returns.
Case studies reflect typical tax problems encountered by taxpayers.
BUS 125 Payroll Accounting 3 cr. Basic payroll accounting concepts, laws and processing using both manual and computerized systems. An overview of payroll needs, calculations and the analyzing and journalizing of payroll transactions. Use spreadsheet software to design electronic spreadsheets for business, financial analysis and forecasting. Learn to use data base software to solve business, personnel, inventory and record-keeping problems.