Case studies are used to illustrate application of the concepts of such pronouncements. 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. 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.