This course examines the accounting for governmental and nonprofit entities. Topics include fund accounting, financial reporting, and budgeting. Current issues related to accounting for these entities will also be covered. Emphasis is placed on federal income tax responsibilities of individual taxpayers and small businesses. Topics covered include tax planning, compliance, sales taxes, and payroll taxes.
Emphasis is placed on federal income tax responsibilities of large corporate businesses.
Topics covered include tax planning, tax research, compliance, and trusts. The course covers the design and installation of accounting systems that provide relevant and reliable information. Special emphasis is given to potential risks of errors or irregularities and the need for systems control. Projects may include analysis, design and implementation of an accounting system. This course examines the theory and practice of accounting for business combinations, consolidated financial statements, partnerships, foreign currency transactions, and foreign intercompany investments.