Continued in-depth analysis of the financial accounting process, focusing on the statement of change in financial position, and liability and shareholder equity accounts. A grade of C or better in Accounting 353. Tax Accounting . Introduction to federal tax code provisions that affect individuals, partnerships, corporations, and trusts and reasons behind these laws. Advanced Accounting .
Emphasis is on business combinations.
Examination of the standards, objectives, and procedures involved in the review of financial statements by independent auditors. Included is the evaluation of internal control. Senior standing and Accounting 353. Accounting Information Systems . Study of the fundamentals of accounting system design including an analysis of accounting applications within functional areas of a firm, hardware and software applications, and the control of computerized accounting systems.