Integrates modern financial concepts such as efficient capital markets, principles of portfolio theory and statistical projection of earnings with the theory of financial statements analysis. This course is not open to accounting majors. Covers the current thinking of the American Institute of Certified Public Accountants, the American Accounting Association, the Securities and Exchange Commission and the Financial Accounting Standards Board as reflected in their official releases. Class presentations focus on historical and current developments in public accounting practice. Relates to the control structure, reporting of financial information, establishment of policy, financial planning and executive management.
Emphasis is on the human relations aspects of the controllership function.
Stresses the effectiveness of internal controls and operating procedures. Under the direction of a faculty advisor, the student will apply the elements of research methodology and appropriate statistical techniques to an independent research project in the area of accounting.