COURSES OF INSTRUCTION
89
sales; agency; bailments; negotiable instruments; partne1·ships; corporations; instuance; personal property; suretyship; bankruptcy. Required of all majors in Business Administration and suggested for those preparing to teach Business Education.
I.
PROGRAM IN ACCOUNTING
203-204. PRINCIPLESOF ACCOUNTING. 6 hour8 The legal, industrial, commercial, and financial principles involved in determining how the operations of a business affect the value of its assets and the amount of its liabilities, profits and capital; presented through accounting practice beginning with the balance sheet and profit and loss account, and thence to the law of debit and credit. A knowledge of bookkeeping is not a prerequisite. Two regular hours of class discussion and one two-hour laboratory and class session. Laboratory fee $1.00 a semester. 315. INTERMEDIATE ACCOUNTING. An analysis of the principles of valuation of accounts emphasis on the balance sheet. Problems relative to statement of cash, accounts receivable, investments, liabilities, capital stock, and surplus. Prerequisite: Bus.
3 hours with special the correct fixed assets, Ad. 203-204.
316. COST ACCOUNTING. S hours A discussion of the principles of cost determination. Use of cost information in manufacturing industries. Study of the relationship between costs, selling price and profit. Problems of relating costs to departments and to products. Prerequisite: Bus. Ad. 203-204. Offered in alternate years. 3 howrs FEDERAL TAX ACCOUNTING Federal Income Taxes for individuals, partnerships, and co1·porations. The elements and problems involved in the determination of taxable income and the proper preparation of returns. Prerequisites: Business Administration 203-204, or permission of the instructor. Offered in alternate years.
317.
8 hours 318. AUDITING. This course is designed to acquaint the student with the principles of auditing and conditions under which the work is performed. The accountant's function of assisting management in maintaining and improving internal controls, of raising accounting and reporting standards, and solving financial and other business problems a:e stressed. Prerequisite: Bus Ad. 203-204 and Bus. Ad. 316. Offered in alternate years.
