COURSESOF INSTRUCTION
89
aalea; agency; bailments; negotiable instruments; partnerships; eorporations; insurance; personal property; suretyahip; bankruptcy. Required of all majors in Business Administration and suggested for those preparing to teach Business Education.
I.
PROGRAM IN ACCOUNTING
OF ACCOUNTING. 6 hours The legal, industrial, commercial, and financial principles involved in determining how the operations of a business affect the value of ita assets and the amount of its liabilities, profits and capital; Presented through accounting practice beginning with the balance sheet and profit and loBBaccount, and thence to the law of debit and credit. A knowledge of bookkeeping is not a prerequisite. Two regular hours of class di8CU88ion and one two-hour laboratory and class seaaion.Laboratory fee $1.00 a semester.
203-204.
316.
PRINCIPLES
INTnMEDIATE
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 aurplua. Prerequisite: Bus.
8 hours with special the correct fixed assets, Ad. 203-204.
316. CoST ACCOUNTING. 8 houn 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. FEDERALTAX ACCOUNTING Federal Income Taxes for individuals, partnerships, and col'l)Orations. The elements and problems involved in the determination of taxable income and the proper preparation of returns. Prerequisites: BuaineBS Administration 203-204, or permission of the instructor. Offered in alternate years.
318.
AUDITING.
This course i1J designed to acquaint the student with the principles of auditing and conditions under which the work is performed. The accountant's function of aBSisting management in maintaining and improving internal controls, of raising accounting and reporting standards, and solving financial and other busineBS problems are stressed. Prerequisite: Bus Ad. 203-204 and Bus. Ad. 816. Offered in
alternate
years.
