Intermediate Accounting III Financial accounting and reporting related to investments, leases, income taxes, pensons, accounting changes, errors, earnings per share and financial reporting and analysis. A study of cost concepts and cost flows, cost behavior and cost estimation, job order costing, process costing, activity based costing, and joint product and by-product costing. Also covers new developments inthe area of costing. Library research and case analysis is used to develop a deeper understanding of income tax applications. The study of the conceptual theory underlying accounting and the development of accounting principles within the conceptual theory.
Emphasis is placd on accounting objectives and the cost, revenue, income asset and eqity concepts.
International Accounting A study of the international dimension of accounting as it relates tomultinational corporatins and the international environment. A detailed study of Audit procedures including Audit sampling, tests of controls, and subsantive tests. Auditing I Principles and problems of auditing financial statements with emphasis on GAAS, Rules of conduct, Code of Ethics, Internal control and Audit Report. A study of the income tax law, especially as it is applied to indviduals. Includes the concepts of gross income, business and ersonal deductions filing status, gains and loses, cost recovery, and tax determination.