Independent research in field of accounting and related disciplines to apply research techniques learned in research tool courses to actual business situations. Consolidated financial statements, business combinations, branch accounting, foreign currency transactions and financial statements, governmental accounting, partnerships. Study of governmental and non-profit accounting. An analysis of funds that reflect activity for government units, hospitals, and educational institutions. A study of the structure, flow, and use of accounting data in computer-based environments.
Course focuses on the practical application of system concepts to accounting practice.
G4553 Accounting Theory. A study of the current rules governing financial accounting and financial reporting as promulgated by the Financial Accounting Standards Board. Extension of 3603. Introduction to taxation of partnerships and corporations, inventories, installment sales, declarations, foreign income, assessments and estates, and trusts. No student may earn credit for both 4703 and 5703.