Emphasis is placed on financial planning and analysis, product and service costing, profit planning and the capital allocation process. Current financial and accounting matters are reviewed and evaluated. An introduction to federal taxation and its impact on business decision-making. Provides an overview of the basics of federal taxation, its traps and tax planning opportunities as well as an understanding of tax planning for personal and business situations and the interrelationship of tax planning decisions. The basic considerations of controllership budgeting are set forth and analyzed, and the importance of business planning and control is emphasized from a management perspective.
Emphasis is placed upon budgeting practices and theory as a tool for profit and control.
Studies the specialized area of fund accounting emphasizing the various management controls used in nonprofit organizations. Included are overviews of reporting systems, account classifications, information reporting, budget preparation, internal auditing and cost measurement. Examines current financial reporting and disclosure practices. Emphasis is on development of the ability to analyze financial statements in order to evaluate the current financial condition of a firm and assess its future trends. Studies the techniques and tools of tax research.