Completion of ACCT 2020. A continuation of ACCT 2410. Students will acquire knowledge of the principles and theory of accounting relating to liabilities and contingencies, stockholders' equity, dilutive securities and earnings per share calculations, income taxes, pensions, leases, accounting changes and error analysis, financial statement analysis, and full disclosure in financial reporting. Completion of ACCT 2410. A study of the fundamentals of individual federal income taxation designed to help students acquire an understanding of federal income tax determination, personal and dependency exemptions, gross income concepts, inclusions and exclusions, and general deductions and losses.
Emphasis is placed on forms completion.
Students will acquire knowledge in the fundamental principles of managerial cost accounting including the accumulation and reporting of accounting information needed for product and standard costing as well as information for planning, decision-making, and control activities. Completion of ACCT 2020.