3 credit hours. A rigorous examination of financial accounting theory and practice applicable to the corporate form of business organization. 3 credit hours. Continues the emphasis upon corporate financial reporting established in A 220. The principles and procedures applicable to accounting valuations for current liabilities, long-term liabilities, deferred credits and stockholders equity are examined.
Special attention is directed to preparing the cash-flow statement.
3 credit hours. Advanced topics include income tax allocation, pensions and leases, accounting changes, price level changes, installment sales and consignments, and revenue recognition. 3 credit hours. An in-depth examination of the accounting principles and procedures underlying the determination of product costs for manufacturing concerns. Emphasis on job order costing systems.