Also covered are additional aspects of financial reporting and compound interest calculations and applications. Hours Provides in-depth coverage of corporate taxation and subchapter S taxation. I 4 Quarter Hours Provides the student with an overall introduction to the role of the auditor in a technological, ever-changing business environment. The student will be introduced to the scope of auditing as a profession, the basic audit reports, professional ethics of the CPA, an auditor's legal liability, the components of the auditing process, and the audit of EDP systems. I 4 Quarter Hours Studies basic manufacturing and cost accounting processes through job order and process accounting systems.
Strong emphasis is placed on the managing and controlling functions.
The use of budgets in planning and controlling sales, costs, and profits are stressed leading to and including standard cost accounting. The planning and control of manufacturing overhead is also covered. Cost Accounting II 4 Quarter Hours Studies cost information for various decision and control purposes. Emphasis is placed on cost allocation including joint products and byproducts. Quarter Hours Analyzes costs for decision-making, capital investment decisions, quantitative models for planning and control, and performance evaluation.