Capital budgeting under uncertainty, performance evaluation, transfer pricing, and cost prediction and control are emphasized. The impact of technology and new operating philosophies on integrated accounting systems is also explored. This course analyzes current practices and technologies used to design, install and manage an integrated accounting system. A general ledger and appropriate subsidiary ledgers are used. Controls and security requirements of an accounting information system are examined.
Students gain hands-on experience in using an integrated accounting system.
This course addresses the special tax issues of corporations, partnerships, s-corporations, gift taxes, estates and trusts. This course uses tax forms, tax software, the Internet, spreadsheets and word processing programs to research, solve and analyze tax problems relating to corporate and partnership income taxes. Topics include income inclusions and exclusions, deductions, property transactions, capital gains and losses, and tax credits. In this lab students develop basic research and tax-planning skills and enhance their communications capabilities. They also learn to use tax return preparation software, and manual and computerized research tools.