Topics include the accounting cycle, preparation of financial statements and their use, accounting for manufacturing concerns, budgeting and decisions making using accounting information. The course must be taken in a one year sequence and cannot be reversed. Problems of income determination and asset measurement and valuation. Acc 202 or equivalent. Some emphasis is placed on modern methods of accounting e.g., computer accounting and the use of management techniques to train the decision-making facility.
Emphasis is on the corporate form of business.
This course cannot be used to satisfy any elective requirement in any Business degree program. A study of the federal tax structure and the application of the tax principles to specific problems. Income taxes, estates, gifts, social security, and the Federal Tax Law as it relates to management are surveyed. Blw 280 and Acc 301. A study of municipal, charitable, and other nonprofit organizations with emphasis on organizational relationships, internal control, budgeting, reporting to interested organizations and individuals, performance analysis, and system design.