An introduction to the accounting principles, concepts, procedures, and techniques underlying financial accounting and reporting with emphasis on business and economic information generated in the accounting process. Topics covered also include the measurement and reporting of assets and liabilities and accounting for partnerships. Introduction to managerial accounting.
Special attention is directed to the use of accounting information in managerial decisions.
This survey course is designed to introduce nonaccounting students to the basic concepts and procedures of taxation of individuals and businesses. Students will learn to prepare individual income tax returns as well as necessary forms for starting and operating a small business. Tax planning actions to minimize tax costs will be covered. Not open to Accounting majors. An introduction to the accounting aspects of international business is provided by promoting an awareness of the existence of and an understanding of the reasons for different national practices worldwide.