The course is primarily designed as an intensive study of working papers necessary to integrate the financial information of multiple legal entities into a single set of statements reflecting the single economic entity. An introduction to the use of accounting information systems within an organization. The control and communication of files and databases are studied. Applications requiring the use of spreadsheets, relational databases and general ledger software applications are used in this course. Introduction to federal income taxes including the elements of income, income exclusions, tax credits, capital gains and losses.
Emphasis is placed on understanding the executive, legislative and judicial aspects of the tax law.
Research is required. Introduction to operational auditing from a management perspective. Emphasis is placed on auditing for efficiency and effectiveness, including measuring and managing risk and performance, evaluating business activities and processes, and fraud investigation. The application of academic accounting skills and values in an employment situation. A research project, approved by a faculty member and the employer, is required.