Students are introduced to budgetary planning., to an understanding and evaluation of financial statements, and to integration of tax planning. Computer applications are used throughout. A comparison of financial controls is included. Three credits per semester. Accounting 129 Accounting Information Systems Offered on occasion A study of the principles of computerized accounting, databases and the way information flows through accounting systems.
Students learn methods of securing systems from fraudulent data.
Job order cost systems are developed. Break even analysis, direct costing, relevant costing, profit planning and budgeting are considered. An exercise in the development of process and standard cost systems. Problems of joint product costing, performance measurement, and capital budgeting are considered. A study in detail of the accounting problems of partnerships, consignments, installment sales, insurance, receiverships, estates trust, foreign exchange and other specialized areas.