Accounting principles underlying the preparation of financial statements are studied in depth. Additional special topics will be included. Emphasis on measuring and reporting stockholder's equity. Additional special topics will be included. Cost accounting principles and techniques used in assembling data for product costing as well as for managerial use in planning, control and decision making.
Financial information needs, control methods and efficiency measures.
Course replaces ACCT 4324. Credit will not be given for both courses. An overview of international financial accounting standards, current problems of international operations and multinational corporations. It also provides comparative analysis of accounting principles and practices outside the United States. In addition, the determination of tax liability and various tax credits are discussed.