Deals primarily with reporting the financial results of operations and financial position to investors, managers and other interested parties. Emphasizes the role of accounting information in decision making. 3 credit hours. This course is open only to non-accounting majors. The application of accounting in relation to current planning and control, evaluation of performances, special decisions, and long-range planning.
Stress is on cost analysis.
Additional topics include income tax planning, product costing and quantitative techniques. 3 credit hours. This is a prerequisite to all other courses in accounting. A fundamental examination of the concepts, principles and procedures embodied in the financial accounting system. Emphasis will be placed upon the preparation of financial statements for service- rendering and merchandising business concerns through the application of financial accounting principles.