Attention is given to how standards can be applied in accounting to provide useful information for planning and controlling the cost of direct labor, materials and manufacturing overhead costs. Offered every Fall. Three Credits Examines the measurement and management of product costs emphasizing the principles of cost systems design. Use of information generated by product costing systems for performance measurement and for strategic decisions on pricing, product mix, process technology, and product design are explored. Offered every Spring.
Emphasis is on analyzing multinational companies with different home nations.
Translation from the home nation's to a foreign nation's accounting principles is covered at great length. Other factors, such as inflation accounting and monetary translation are covered for their impact on international accounting. Offered every year. A comprehensive presentation of the fundamentals of data origination, classification, control and reporting. Various accounting systems will be analyzed with an emphasis on data processing applications.