Identification and development of relevant cost information for both manufacturing and non-manufacturing situations. Emphasis given to the regulatory, analytical, and behavorial use of accounting information. 2620 Goal is to identify significant income, estate, and gift tax issues and potential tax problem areas as they relate to or arise within business decision-making and family tax planning scenarios, and to have some general idea regarding possible solutions in order to maximize wealth within business and families. Introduces students to the flow of information through the various accounting cycles and the corresponding internal controls. Examines the flow using the traditional accounting model with an emphasis on the procedures of accounting and the use of current database technology, including data modeling.
Topics vary according to current issues, talents or experience of instructor.
Course may be repeated when topic varies. Integrates several disciplines to take a broader, more interdisciplinary approach to the analysis of business problems and to decision-making. Also emphasizes tax opportunities, pitfalls, and alternatives, and how they can impact decision-making. Advanced-level course emphasizing the development of modern accounting theory. Topics include income measurement, valuation, market efficiency, standards setting and accounting research.