The focus is on preparation and understanding of financial statements, including their role in decision making by both external and internal users. Extensive use of computer spreadsheets and accounting software is included. Focuses on the role of accounting principles and practices, yielding information in the decision-making processes to those managers responsible for the internal aspects of the organization. Extensive use of computer spreadsheets is included. An intensive analysis of the valuation, measurement, and statement presentation of asset, liability, ownership equity, revenue, and expense components of business enterprise.
Emphasis is on asset accounts.
An intensive analysis of the valuation, measurement, and statement presentations of asset, liability, ownership equity, revenue and expense components of business enterprise. Emphasis on liability and ownership equity accounts. An in-depth examination of valuation techniques for goods and services. Topics covered include standard cost systems and variance analysis, joint costs, scrap and by-products, and current trends in cost accounting. An in-depth analysis of the federal income tax statutes and regulations relating to the taxation of individuals and sole proprietorships.