This course is for business majors only. Students acquire an improved understanding of the composition and significance of various segments of the income statement and balance sheet, particularly current assets and current liabilities leading to an improved understanding of the preparation of various aspects of the financial statements as well as an enhancement of their ability to critically evaluate accounting. 3.0 S.H. In-depth discussion of traditional intermediate financial accounting topics as well as recent developments in accounting valuation and reporting practices. Course builds on topics discussed in Intermediate Accounting I and II leading to an improved understanding of the preparation of various aspects of the financial statement as well as an enhancement of their ability to critically evaluate accounting. The purpose of this course is to introduce students to a broad range of tax concepts and types of taxpayers to emphasize the role of taxation in the business decision-making process.
Coverage includes on a broad basis, personal, corporate and partnership taxation.
This course reviews the internal auditing process. Emphasis is placed on the operational auditing as part of the internal auditing function, while interrelating the financial dimension into the total auditing process. This course examines the development of theory, concepts and practices of providing information for use within the organization. Cost concepts and classification schemes, the use of accounting information for internal decision making, static and flexible budgeting for managerial control and product costing techniques are among the topics presented. 3.0 S.H. Continues the development of theory, concepts and practices of providing information for use within the organization.