Principles of Managerial Accounting Students will demonstrate basic decision making and analyzing skills in management accounting. Students will be expected to choose appropriate application software to help solve the problems. Upon course completion, students will be able to apply fundamental time value of money theory to problems such as ordinary annuities, investment decisions, debt extinction, and capital budgeting. They will evaluate exposures to risk and how insurance fits into a risk management plan. Students will have the ability to coordinate income, assets, and spending into a comprehensive program that takes the planner through the various stages of their life cycle, from college to retirement.
Students work in conjunction with a faculty member and a supervisor at the job site.
All guidelines in the original internship policy will be followed. Students learn fundamentals in labor legislation, labor negotiations, contract administration, and grievance procedure as well as conduct research and learn about current activities in the field involving collaboration and cooperation between employers and unions. Upon course completion, students will demonstrate the operation of various cost accounting systems and understand methods of costing products and services that are helpful for decision making. Familiarity with various tax reference materials, learning the techniques of research tax problems, preparing tax returns and related schedules, and understanding the reasons for tax rules and regulations are emphasized. Documents similar to those encountered in business organizations are prepared.