1973-1974 Academic Catalog

347 Materials in Teaching Business Subjects - Sp 2 hours A study of the materials used in teaching business subjects in high school. 442 Business Seminar - W 2 hours Discussion of current business topics. Open to seniors only in Business Administration. A. ACCOUNTING 101-102 Principles of Accounting - W, Sp 5 hours each quarter An introduction to accounting. Statements, accounts, journals, adjusting and closing entries, the worksheet, the voucher system, payroll accounting, accounting for proprietorship, part– nership, and corporation are treated. 201, 202 Intermediate Accounting - A, W 4 hours each quarter Review of fundamentals. Accounting for cash, receivables, inventories, fixed assets, intangi– bles, investments, liabilities, net worth, and sales. Prerequisite: Accounting 102 301 Advanced Accounting - Sp 4 hours A study of consolidated financial statements, foreign exchange, insurance, estates and trusts, branch accounting, and problems. Prerequisite: Accounting 202 (Alternate, odd years) 302 Federal Income Taxes -A 4 hours Proper preparation of federal income tax returns for individuals, partnerships, and corpora– tions. Ability to do research in this area will be stressed. Prerequisite: Accounting 102 (Alternate, even years) 303 Cost Accounting - A 5 hours Principles of industrial and distribution cost accounting; job order and process cost systems; standard costs. Prerequisite: Accounting 102 (Alternate, odd years) 304 Auditing - Sp 5 hours Purpose and advantages of the different types of audits; duties and responsibilities of an auditor; audit practice, procedure, and reports. Prerequisite: Accounting 202 (Alternate, even years)