Emphasis is placed on sources of cost information, maintenance of cost accounting records and cost accounting reports. Topics include accounting for materials, labor and factory overhead, job order costing, and process costing systems. Continuation of ACCT 214 with emphasis placed on the budgeting process and methods of analyzing cost accounting data for managerial planning and control purposes. Topics include process costing systems, budgeting, standard costing, direct costing and decision analysis techniques. Textbook problems and computer problems are used.
Emphasis is on payroll, sales and excise tax reports.
Computer application software is utilized. Introduction to concepts and practices of fund accounting for local governmental units and nonprofit organizations. Emphasis on fund structures, analysis and recording of transactions, preparation of financial reports is covered. Topics include local governmental unit funds, proprietary funds, fiduciary funds, account groups, hospitals, and voluntary health and welfare organizations. Comprehensive study of federal income tax law.