Emphasis includes accounting techniques for sole proprietorships, corporations and partnerships.
The course includes the application of generally accepted accounting principles and techniques. A comprehensive study of generally accepted accounting principles as they relate to the measurement and reporting of assets and income. Students examine the nature, composition, valuation, and classification of balance sheet items. The second semester continues the application of generally accepted accounting principles related to intangibles, bonds, debt and loans, partnerships, corporations, and analysis of working capital. This course is designed as the first course in federal taxation for the undergraduate student.