A continuation of Accounting 311, topics include revenue recognition, pensions, accounting for income taxes, leases, cash flow statements, and financial analysis. Lecture and laboratory. I Study is made of internal accounting information and decision support systems that provide data and reports for product costing and management decision making. Lecture and laboratory. Taxes for Business Decisions Federal income tax law for individuals, corporations, and other entities is introduced.
Emphasis is on the continuing concepts of tax law and tax research and planning.
ACCT 201 or consent of department chair. Offered fall, spring, summer. Accounting for Nonprofit Organizations Emphasis is on conceptual foundation, governmental accounting, accounting for other nonprofit organizations, and uses of data. 3 credit hours. The diversity of financial and managerial accounting practices in developed countries is surveyed as well as influences that give rise to the differences.