Cost Accounting 3 credits The principles and objectives of cost accounting, production control, and inventory control as they relate to the management decision making and control processes within the firm. Lab problems required. Advanced Accounting 3 credits Continued study of financial accounting theory and practice in selected areas of accounting such as accounting for partnerships and accounting for complex corporate units and multinational enterprises. Lab problems required. Current Accounting Topics 3 credits Study of specialized accounting topics and issues such as the conceptual framework of accounting, changing price levels, forecast and projections, fiduciary accounting, interim and segment reporting, disclosures, and the standard-setting process.
Emphasis is on current pronouncements and the researching of accounting issues.
Lab problems required. Lab problems required. The course will emphasize concepts and principles which enable the student to understand the philosophy and environment of auditing. It is an overview of the public accounting profession and the Generally Accepted Auditing Standards utilized by the profession in reporting on the financial statements of enterprises. Taxation II 3 credits This course presents the taxation of corporations and its effects on their shareholders.