Analysis of cost behavior patterns and how they alter cost accounting for automated manufacturing environments. The development and use of cost accounting for inventory valuation, income determination, cost control including process accounting and variance analysis. A detailed study of the financial recording and reporting process.
Emphasis is placed on the form and content of financial statements.
ACCT 371 Current financial accounting theory and practice as they relate to financial statement preparation and analysis. Emphasis on special topics includes accounting for pensions and leases, accounting changes, and earnings per share presentation. Topics of current financial accounting interest are reviewed as they develop. This is an official web page of New Mexico Tech's 1999-2000 catalog.