Includes historical development of the standard process in financial accounting, problems of measurement and disclosure, conceptual strengths and weaknesses of current standards, and exposure to areas not required in the undergraduate curriculum. Accounting students only. An analysis of current governmental and nonprofit accounting, budgeting, reporting, and auditing concepts, models, and practices. Identification and evaluation of alternative concepts and models will also be emphasized. A comprehensive treatment of the analysis of financial statements as an aid to decision making.
Primary attention is placed on investing and lending decisions as they affect the financial manager.
To provide a basis for understanding and utilization of advanced managerial accounting methods in the processing of management information. Such systems integrate financial, marketing, production, and other business policies in accomplishing the goals and objectives of an organization. Accounting techniques are the core of management control systems, and information systems provide necessary links. Includes impact of tax planning, financial reporting, and internal and external auditing systems. The basic concepts of tax planning and research are explored.