Emphasis in this course is on user applications of accounting information to make management decisions. ACCT 201 or equivalent. A study of cost behavior, overhead cost allocations, cost systems design, and an introduction to activity-based costing and control systems. Emphasis is on case studies and other practical applications. A study of fundamental accounting system concepts, the technology of accounting systems, file processing and databases, the utilization of accounting system technology, accounting system applications, the internal control of accounting information, and the development and operation of accounting systems.
Projects use manual and computer-based transaction processing systems.
Emphasis is on professional standards, professional ethics, legal liability, audit planning, internal controls, audit evidence, audit sampling, and standard reports for the various attestation functions. A study and analysis of the federal income tax structure with emphasis upon the taxation of individuals. Topics covered include income determination, deductions, property transactions, credits, procedures, an introduction to corporation and partnership taxation, tax planning and ethical issues. A continuation of the study of the federal income tax structure with emphasis on the taxation of business entities, including corporations, partnerships and entities taxed as partnerships, and S corporations. The course also introduces gift and estate taxes and income taxation of estates and trusts.