This includes achieving an understanding of fund accounting and inclusion of budgets within the accounting systems. Analysis of principles and types of tools available for the design and implementation of accounting systems. Use of case studies and various media to illustrate the manual and computer-related accounting system problems arising in various organizations and situations. This course applies cost accounting concepts and procedures to particular business decisions. Topics covered include cost allocation, joint product cost and by-product cost, process costing, capital budgeting techniques, variance analysis, inventory management and transfer pricing.
Computer applications are an integral part of the course.
This is the first course in Intermediate Accounting. The Intermediate Accounting courses are designed to teach the concepts and procedures underlying the measurement and reporting of financial information. In-depth study of basic accounting principles with an emphasis on stockholders equity and special problems. An in-depth study of procedures in effective tax research as applied to specific problems of taxpayers. A portion of this course is devoted to the federal estate and gift tax laws with emphasis placed upon the accountant s role in estate planning.