A course in accounting basics that is geared towards students without prior exposure to accounting. This course is designed to provide a general introduction to financial accounting as practiced by business entities in the world. Students should be able to understand the language of financial statements by the end of the semester.
This course offers an introduction to the basic principles underlying the logic of accounting. Students will undertake an analysis of business transactions and preparation of financial statements. The purpose and function of financial reporting and its impact on various users, such as management, owners, creditors, and other external users, will be examined.
Under faculty guidance and supervision, students intern in a professional workplace. The purpose of this placement is to allow students the opportunity to put into practice the technical knowledge gained in the university setting and to obtain practical accounting experience in the workplace. Students will also develop decision-making skills in a practical setting, as well as contribute to the accounting and management function of the workplace. Students will present a report to their faculty supervisor describing their learning experiences and evaluating their contributions. In addition, students will make oral presentations to fellow students and colleagues in the Business program.
This course provides a detailed analysis of tax laws as applied to individuals. Topics include tax determination, gross income, deductions, business expenses, employee expenses, and depreciation. The course will cover significant areas of individual and corporate taxation.
ACCT305 & BUSI306
In this course, students acquire in-depth understanding of management accounting within an organization in planning and controlling operations and decision making. Topics covered include cost analysis, systems design, cost behavior, absorption, variable costing methods, and profit planning.