Senior standing and accounting major. A study of the accounting methodology and concepts that have been developed to account for both product and period costs of a business enterprise. Includes product costing for job order and continuous process situations with related systems concepts, cost allocations among departments of an enterprise, joint and by-product costing, and standard costing as it relates to inventory pricing. ACTY 322 ACTY 524 Studies in Tax Accounting 3 hrs. Special studies related to tax problems of individuals, partnerships, and corporations.
Emphasis is on federal taxation of corporations, trusts, and estates.
ACTY 598 Readings in Accounting 1-4 hrs. Directed individual study of topics not otherwise treated in departmental courses. I 3 hrs. An intensive study of asset liability valuation, income determination, and financial reporting, The current literature is explored, and a research paper on one of the course topics is required. A study of management systems and techniques used for profit planning and control of a business firm.