Business Administration --------------------------- 87 Economics

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. PRINCIPLES OF 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. 3 hours An analysis of the principles of valuation of accounts with special emphasis on the balance sheet. Problems relative to the correct statement of cash, accounts receivable, investments, fixed assets, liabilities, capital stock, and surplus. Prerequisite: Bus. 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.

317. FEDERAL TAX ACCOUNTING 3 howrs

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.

318. AUDITING. 8 hours

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.