An analysis of financial trends and corporate reports for solvency, quality of earnings and forecasting implications. Analytical techniques for financial analysis and their use in development of capital markets and instruments are reviewed and discussed, as are the principles and practices of the Securities and Exchange Commission. Accounting 142b or the equivalent or permission of the Department chair Offered every Spring A study of auditing concepts and methods embodying standard auditing procedures as well as departures. Audit evidence, sampling, diagnostic analysis, internal control evaluation and its effect on test of transactions, and problems encountered in statement preparation are reviewed and discussed. Accounting 742 or permission of the Department chair Offered every Fall A review and exploration of the concepts and developments relating to financial accounting and reporting for business enterprise.
Individual research is encouraged.
Insight into the international accounting environment from the view point of the U.S. multinational organization. Accounting principles, SEC regulations and other government regulations discussed for their relevance to international accounting. A survey of the American legal system as it affects American business. Areas studied include constitutional law, contract law, agency, negotiable instruments, property, partnerships and corporations, labor, antitrust and securities laws, and problems of managerial and directorial liability. A study of the subjects required to pass the law portion of the CPA examination.