Review of the accounting process, culminating in the basic financial statements. Concepts of present and future value, as well as the asset side of the balance sheet, are covered in depth. 311 Intermediate Accounting II 3 hrs . In-depth treatment of the equities side of the balance sheet. Other topics include earnings per share, accounting changes, and statement of cash flows.
Emphasis is placed upon the unique characteristics of corporations.
I 3 hrs. Determination of taxable income, business and non-business deductions, and selected aspects of tax accounting for individuals and sole proprietorships. 314 Cost Accounting 3 hrs. Review of basic cost accounting concepts. Fund accounting at federal, state and local governments, hospitals and universities.