Repeatable for maximum 15 hours credit. Students are permitted to enter business establishments, accounting firms, and governmental agencies for the purpose of obtaining practical and applied business and professional experience. A paper describing and analyzing this experience is required. Application of accounting theory to specialized accounting areas including accounting for equity investments and for business combinations, preparation of consolidated financial statements, accounting for the effects of foreign currency exchange rate fluctuations, and accounting for non-profit organizations. Managerial I. 4 hours.
Emphasis is upon utilization of cost data in planning and controlling activities.
Internal and external data are woven into the planning models. Auditing I. 4 hours. Emphasis is placed on statistical sampling and auditing computerized systems. An overview of SEC regulations is provided. Systems I. 4 hours.