Consent of cooperating instructor and department chair. Includes financial statements, present value techniques, current assets, current liabilities, long-term assets. Includes long-term liabilities, stockholders' equity, earnings per share, deferred income taxes, pensions, leases, accounting changes, and the statement of cash flows. Also covers the relationship of cost accounting to decision-making. Opportunity for students to earn academic credit by extending classroom learning to real-world settings.
Students obtain the cooperation of an employer and prepare a learning contract.
Provides juniors and seniors an opportunity to apply general accounting knowledge to selected accounting projects. Comprehensive study of income tax concepts, regulations, and tax-planning principles as they relate to individuals and business. Applications of accounting theory to business combinations, partnerships, multinational companies and other miscellaneous topics. Introduction to professional auditing and the study of audit examinations which precede the attestation of the fairness of financial statements. Includes a detailed study of audit reports and statistical sampling.