300

An underlying review of accounting principles, this course reviews the accounting process, with an emphasis on financial statement preparation and provides an in-depth study of the valuation, presentation and transactions related to current and long-term assets.

Continued analysis of balance sheet accounts focusing on current liabilities, long-term liabilities and stockholder's equity accounts; in-depth study of income statement topics including deferred revenue recognition, accounting for leases, pension plans, and deferred income taxes; review of financial statement ratios and statement of cash flows.

Students study accounting techniques used to aid management in decision-making (including break-even analysis, product costing and cost control, relevant costing for decision making, capital budgeting and joint cost allocation). The course approaches these topics from a manufacturing viewpoint and discusses how these topics relate to other industries, such as retail and service.

This course covers international financial accounting concepts including foreign currency transactions, interpreting foreign financial statements, presentation of domestic/foreign financial statements and the role of the accountant as a financial professional in international monetary transactions are explored.

This course covers accounting concepts with respect to partnership formation and dissolution and provides a significant examination of fund accounting, international accounting, estates and trusts and business combinations and consolidations.

This course provides the student with a working knowledge of accounting research methodology utilized by accountants in public practice.  The course will include a review of the professional standards relating to corporate financial reporting, taxation, auditing, and public sector reporting with emphasis on the various resources available to find information and solve problems.  The course will assist in the development of skills necessary to research and interpret accounting standards and guidelines to resolve, recognition and disclosure issues using real life simulated cases.

This seminar will be a non-technical consumer-oriented look at Individual Income taxation as it applies to the current tax-filling year. In a general, user-friendly manner, we will overview the recent federal tax acts of the past five years. These Acts form the basis of all current taxation. Further, we will look at new developments and potential changes that could significantly affect this year’s tax return and taxation in the near future.  We will examine the law as it applies to individuals and discuss ways to minimize taxes in various areas.  We will also look to the near future in terms of tax trends.

This seminar will be an overview of a limited number of income tax concepts along with hands on demonstration of Pro Series professional Income tax return preparation software by Intuit (The same software company that produces Turbo Tax for Consumers). At the end of the seminar, students will understand how income tax information flows through an income tax return, and be able to prepare a basic income tax return using ProSeries software.

This seminar will give an overview of the characteristics of various types of Business entities, examine each entity both from a legal and tax viewpoint, and review each entity from formation through operation to dissolution. At the end of this seminar, students will be able to determine various entity formation issues and analyze the pros and cons of each form of entity.