The theory, procedures and standards of auditing with emphasis on evaluation and review of internal control. Examine and evaluate accounting records to provide data to support an opinion regarding the fairness and reliability of the records. 101-125 Cost Accounting Job, process and standard cost systems. The elements of production costs and analysis of cost data to assist management in controlling manufacturing costs and in making decisions. The advanced study of our current federal tax laws and applicable accounting principles.
Topics covered include how tax laws affect partnerships, trusts, corporations and estates.
Delves into policy analysis and management, with emphasis on detailed accounting functions and procedures. An individualized performance guide is provided for student activities. Covers specific accounting policies and practices used in credit unions. Prerequisites - none. This course is designed to meet the objectives of FASB that general purpose external financial reporting for non-business organizations should provide certain information, and the national council of governmental accounting NCCA concerning information needs of administrators, legislators and all service recipients as well as resource providers.