1962-1963 Academic Catalog

A. ACCOUNTING 183-184 PRINCIPLES OF ACCOUNTING* An introduction to accounting. Statements, accounts, jour– nals, adjusting and closing entries, the worksheet, the voucher system, payroll accounting, accounting for proprietorship, partnership, and corporation are treated. Three credit hours each semester 283 INTERMEDIATE ACCOUNTING* Review of fundamentals. Accounting for cash, receiv– ables, inventories, fixed assets, intangibles, investments, liabil– ities, net worth, and sales. Three credit hours 284 ADVANCED ACCOUNTING* A study of consolidated financial statements, foreign ex– change, insurance, estates and trusts, branch accounting, and problems. Three credit hours 385 COST ACCOUNTING** ('63-'64) Principles of industrial and distribution cost accounting; job order and process cost systems; standard costs. Three credit hours 386 AUDITING** ('63-64) Purpose and advantages of the different types of audits; duties and responsibilities of an auditor; audit practice, pro– cedure and reports. Three credit hours 485 FEDERAL INCOME TAXES** ('62-'63) Prerequisite: Advanced Accounting 284 or consent of instructor. Proper preparation of Federal Income tax returns for in– dividuals, partnerships, and corporations. Ability to do research in this area will be stressed. Three credit hours 486 C. P.A. PROBLEMS*** ('62-63) Prerequisite: Advanced Accounting 284 Preparation for the Certified Public Accountant examina– tion; selected problems from C. P. A. examinations. Three credit hours 80