3 Advanced Accounting Theory and principles of accounting as they relate to the environment of financial reporting and the definition of the reporting entity. A study of the total information systems approach to the analysis, design, implementation and use of accounting information systems with an emphasis on computer based systems. Builds on the design principles introduced in ACC 327. A study of advanced tax law affecting individuals and businesses. This course will include advanced tax planning and research.
Emphasis is placed on fund accounting as distinguished from profit-motive accounting.
3 Principles of Auditing Auditing concepts, standards and procedures, ethics and legal requirements, scope, objectives and nature of the audit. Statistical sampling in auditing, audits of electronic systems, the auditor's role in tax and management advisory services. 3 Advanced Auditing Special auditing problems related to procedures in auditing plant and equipment, liabilities and capital accounts. Preparation of auditing programs, internal control questionnaires and financial reporting given considerable emphasis. Recent trends and procedures in auditing, professional ethics and legal liability will also be included.