Students examine the nature, composition, valuation, and classification of balance sheet items. The second semester continues the application of generally accepted accounting principles related to intangibles, bonds, debt and loans, partnerships, corporations, and analysis of working capital. This course is designed as the first course in federal taxation for the undergraduate student. The focus of the course is on developing knowledge of the tax law and its application. A study of cost principles, determination, and control as they apply to job order, process, and standard cost systems.
Attention is given to accumulation and interpretation of cost data useful to management.
This course includes an evaluation of internal control, preparation of work papers, report writing, professional ethics, and current auditing trends. The course covers a wide range of topics, such as motivation, conflict, leadership, control, and change. The main functional areas of management are also discussed. Through the extensive use of case studies, students are introduced to the various theoretical approaches and applications used to design organizational structures and operations. Students learn about the different components of organizational structure and which types of structures and processes are appropriate for particular markets and conditions.