1967-1968 Academic Catalog

52 CEDARVILLE COLLEGE A. ACCOUNTING 101, 102 PRINCIPLES OF ACCOUNTING--W, Sp An introduction to accounting. Statements, accounts, journals, adjusting and closing entries, the worksheet, the voucher system, payroll accounting, accounting for proprietorship, partnership, and corporation are treated. Five credit hours each quarter 201, 202 INTERMEDIATE ACCOUNTING--A, W Prefequisite: Accounting 102 Review of fundamentals. Accounting for cash, receivables, inventories, fixed assets, intangibles, investments, liabilities, net worth, and sales. Four credit hours each quarter 301 ADVANCED ACCOUNTING-Sp ( 1968-69) Prerequisite: Accounting 202 A study of consolidated financial statements, foreign exchange, insurance, estates and trusts, branch accounting, and problems. Four credit hours 302 FEDERAL INCOME TAXES-A ( 1968-69) Prerequisite: Accounting 102 Proper preparation of federal income tax returns for individuals, partner– ships, and incorporations. Ability to do research in this area will be stressed. Four credit hours 303 COST ACCOUNTING-A (1967-68) Prerequisite: Accounting 102 Principles of industrial and distribution cost accounting; job order and process cost systems; standard costs. Five credit hours 304 AUDITING-Sp (1967-68) Prerequisite: Accounting 202 Purpose and advantages of the different types of audits; duties and respon– sibilities of an auditor; audit practice, procedure, and reports. Five credit hours B. BUSINESS ORGANIZATION 111 INTRODUCTION TO BUSINESS ORGANIZATION-A An orientation in business administration. Provides guidance in field spe– cialization and familiarizes the student with business terms. Four credit hours 112 MATHEMATICS OF BUSINESS AND ECONOMICS A practical study of short-cuts in everyday mathematical calculations. The skill of analyzing a problem and arriving at a solution is developed. Four credit hours