Matters such as evaluation of performance planning, cost behavior, and special decisions are emphasized. Special problem areas in financial accounting including accounting for leases, pensions, and income taxes are covered. Emphasizes the role of cost accounting in assisting managers to select and reach their objectives. Focus is on cost analysis for planning and control with attention to developing analyses of models for inventory control, price setting, and making capital investments. Introduces concepts and terminology of computer-based information systems.
Emphasis is on selection and management of hardware, software, data, personnel, and procedures.
I Analysis of the basic legal principles applicable to ordinary commercial transactions, with special emphasis on contracts, agencies, and partnerships. The development of managerial theory and decision methodology is emphasized in evaluating the financial function of the firm. Working capital management as well as the concepts and techniques employed in the procurement of resources from financial markets and their allocation to productive investments are analyzed. The nature of the auditing profession is examined through study of the social and economic environmental influences on auditing, the structure of the profession, and the ethical and legal responsibilities of auditors. Audit methodology is examined through the study of auditing standards and the concepts and procedures developed to implement the standards.