Emphasis is placed on the effects of advances in technology on the value of cost system information, the relevance and limitations of accounting data and use of non-financial information for internal decisions. The course also introduces the use of computer-based tax research tools. An examination of the tax provisions governing C corporations, S corporations and partnerships, including transactions between the entity and the owner, special concerns and opportunities for the closely held business and tax considerations involved in the choice of entity. Use of computer-based tax research tools is further developed. Topics include professional ethics, litigation, internal control, forms of evidence, statistical sampling and substantive tests.
Students apply concepts by preparing a computerized practice case simulating an actual audit.
A working knowledge of statistics, spreadsheets, and Internet navigation is required. This course is meant for students who want to pursue career in health care organizations but are not majoring in finance or accounting. Given the increased emphasis on efficiency, it is felt that all aspiring managers in health organizations should have a basic understanding of how costs are driven and how to control them. They also need some understanding of the overall regulatory environment that determines the way transactions need to be accounted for, reimbursements are claimed and received and business decisions are made. Issues related to productivity, budgeting and managerial incentives for cost control will also be addressed in this course.