LA - Business Admininstration ITM Management

LA-120 Accounting for Managers

Accounting and financial theory: complete accounting cycle; emphasis on financial statement interpretation and preparation; in-depth examination of balance sheet accounts.

3

LA-121 Principles of Accountancy II

Emphasis on cost and managerial accounting; coverage of partnership accounting; significant examination of corporations and long-term obligations; financial statement analysis from several perspectives.

3

Prerequisites

LA-120.

LA-250 Business Law I for Accountants

Students are introduced to laws affecting businesses and individuals, with a focus on contracts (legality, formality and interpretation, nature and transfer, discharge, breach and remedies) and negotiable instruments (their use and significance).

3

LA-251 Business Law II for Accountants

An introduction to property, including personal property, real property and estate planning, this course includes discussion of the regulatory environment surrounding businesses and information regarding business entities, including partnerships and corporations.

3

Prerequisites

23-250

LA-300 Intermediate Accounting Theory I

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.

3

Prerequisites

23-121.

LA-301 Intermediate Accounting Theory II

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.

3

Prerequisites

LA-300.

LA-320 Cost Accounting

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.

3

Prerequisites

LA-300.

LA-329 Advanced Accounting Theory

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.

3

Prerequisites

LA-300.

LA-420 Principles of Auditing

Focusing on the theory, practices and techniques of auditing, with an emphasis on external auditing as performed by Certified Public Accountants, this course covers generally accepted auditing standards, audit reports, audit programs, the nature of audit evidence, audit sampling, audit techniques and internal controls.

3

Prerequisites

LA-301.

LA-430 Individual Income Tax

Students examine the general theory of federal income taxation, with primary concentration on taxation of individuals. Emphasis is on understanding and interpreting the law.

3

Prerequisites

23-121.

LA-431 Advanced Federal Tax

The study of federal income tax law as it applies to partnerships, corporations and fiduciaries. Internal Revenue procedures and taxpayer rights and responsibilities are also examined, as well as best practices and current tax issues and problems.

3

Prerequisites

LA-430.