W An introductory course including study of professional accounting, sole proprietorship, and partnerships. S A continuation of ACC 211 with an emphasis on corporations and the use of accounting in managerial decision making. The course includes analyzing financial statements, costs, budgets, and investment decisions.
Emphasis is on the use of accounting in decision making.
A study of methods of accounting for materials, labor, and factory overhead in job order and process cost systems. Topics include budgeting, standard costing, and analyses of costs and profits. F A study of the Internal Revenue Code as it affects individual income tax returns. A study of the Internal Revenue Code as it affects partnerships, corporations, and fiduciaries. Principles and problems of accounting system design and implementation.