The spread of managed care has heightened this need. Traditional cost courses focus primarily on manufacturing. This course provides thorough coverage of the essentials of cost accounting from a health care perspective. Emphasis on the use of accounting information internally for decision-making by managers of business entities. Consideration of the basic features of the federal income tax system.
Emphasis is placed on the determination of taxable income of individuals and corporations.
Also covered will be the preparation of the form 1040 both manually and using a commercial computer tax preparation package. A study of S corporations, C corporations, partnerships and estate and gift tax. A study of auditing standards, concepts and procedures. This course includes examination of the auditor's approach to study and evaluation of the internal control structure as well as substantive testing of the revenue cycle. This course is designed for students in the accounting program and employees of non-profit organizations.