The course adopts a broad perspective to understanding major accounting concepts contained in the intermediate accounting curriculum. Emphasis is placed on financial statement presentation and the meaning of resulting balance sheet and income statement amounts. Cost Analysis and Control Semester by arrangement. Internally, managers need timely information in order to plan and control operations. This course focuses on managerial uses of accounting information for decision-making within the business enterprise.
Decisions considered include product pricing, transfer pricing, make of buy, and capital budgeting.
Formation of budgets establishing an internal control structure, performance evaluation, and cost control techniques are also discussed. The Federal income Tax and Business Decisions Semester by arrangement. Designed for the business manager who wants an awareness of tax considerations involved in business decisions. The course involves an examination of the definition of income, evaluation of different business entities, methods of reporting income and deferral transactions. Students examine how slight changes in a transaction can materially alter the tax consequences.