Designed to provide the student with a professional-level examination of the theory underlying the accumulation of accounting data. Computer applications of various types will be included. Designed to provide the student with a professional-level examination of the theory underlying the accumulation of accounting data. Studies the accounting for long- term investments, liabilities, stockholders equity and special topics such as leases and statement of cash flows. Computer applications of various types will be included.
Emphasis is placed on financial decision making.
Concepts of costs and the purpose of these concepts with emphasis on the use of costs for planning and controlling routine operations, decision making, policy making, and long-range planning. Fact-finding techniques, data flow diagrams, problem definitions, output design, general systems design and feasibility analysis. The theory and mechanics behind the preparation of consolidated financial statements. It will also study some of the more complex topics of partnership accounting. In addition, it will include a study of fund accounting and the accounting concepts applicable to governmental entities and non-profit organizations.