What are debt covenants? June 4, Learn about debt covenants and their classification positive and negative, capital and performance. Understand actions when debt covenants are violated, including financial reporting implications.
All courses in this program satisfy semester unit requirements necessary to quality to sit for the Uniform Certified Public Accountant CPA Examination. Students interested in becoming a CPA will find this program particularly useful. Program Level Learning Outcomes Upon completion of this program, students will be able to: Process and apply accounting transaction analysis into an accounting system.
Prepare the four basic financial statements. Analyze results of financial information via ratios, relationships, and variance analysis to aid management decision making.
Utilize federal income taxation concepts to compile individual tax returns and forms. The program also prepares students with adequate accounting training for accounting and bookkeeping positions. All courses in this program satisfy semester unit requirements necessary to qualify to sit for the Uniform Certified Public Accountant CPA Examination.
Define the essential elements of the major taxable entities: Utilize the fundamental principles of taxation to prepare a variety of tax returns, forms, reconciliations, and supporting schedules. Describe the unique taxation issues related to each of the taxable entities as they relate to tax planning and public policy.
Gain an overview of tax planning concepts and demonstrate knowledge through the use of practical tax planning exercises. Outline the major elements of tax administration: Accounting Elements; Accounting for Small Business This course is an introduction to accounting at the college level by presenting basic accounting principles and the practice of accounting methods and rules.
Students will learn how to analyze business transactions, record sales and purchases, and reconcile bank accounts. At the conclusion of the course, students will understand the double-entry accounting system as well as know how to prepare basic financial statements.
Accounting G This course explores accounting as an information system and it is used by investors, creditors, and other stakeholders to make decisions. It introduces the accounting cycle, recording and reporting of business transactions, application of generally accepted accounting principles, and preparation of financial statements.
The course examines issues relating to asset, liability, and equity valuation, revenue and expense recognition, cash flow, internal controls and business ethics. This course provides a study of accounting and financial information used to manage operations.
The course content covers cost accounting concepts, cost behavior, cost structure, cost-volume-profit analysis, budgeting, responsibility accounting, and other management-related topics. Some problems will be solved using computer software applications. Payroll preparation, payroll forms, and recent payroll legislation are covered in detail.
Income Tax — Federal This course covers individual income taxation laws and regulations, with practice on preparation of tax returns and forms. Topics include gross income and exclusions, business and personal deductions, exemptions, tax credits, property transactions, and capital gains and losses as they apply to individual filers.
Business Income Tax Advisories: Accounting G This course covers income tax laws and regulations as they relate to business entities, with practice on preparation of tax returns and forms. Topics include taxation of corporations, S corporations small business corporations as defined under Subchapter S of the Internal Revenue Codepartnerships, and limited liability companies, with a comparison of tax implications amongst all forms of business formation.
Multi-jurisdictional taxation issues, state and local taxes, as well as special business taxes and credits are included. May not be offered each semester. Knowledge of generally accepted accounting principles is strongly encouraged.
Topics will include understanding the flow of input to output in tax software; preparation of basic to complex tax returns; understanding how to access and use the ancillary software features; very basic programming logic; accessing software updates via Internet patches.
While TurboTax software will be utilized the student will learn issues and topics generic to all commercial brands of tax software. Subjects include journals, ledgers, budgets, sales and purchasing transactions, accounts payable, accounts receivable, and payroll as they are used in accounting information systems.
Microsoft Excel is also used to prepare and analyze financial statements. Management G This course teaches small business owners to perform basic accounting functions such as managing receivables and payables, bank reconciliations, and financial statements.
The course also equips small business owners with the ability to read and understand financial statements in order to analyze operational performance, evaluate financial condition, and assess certainty of future cash flows. This course will also provide information for developing start-up cost estimates and financial projections.
The course includes the determination of costs for manufacturing firms, the study of job-order and process cost accounting, the analysis of costs and decision making.
Intermediate Accounting A Prerequisites: Accounting G This course in financial accounting expands on topics introduced in earlier financial accounting courses such as cash, receivables, inventory, long-term assets, etc.Payback period is the time in which the initial cash outflow of an investment is expected to be recovered from the cash inflows generated by the investment.
Introduction to Financial Accounting University of Pennsylvania About this course: Master the technical skills needed to analyze financial statements and disclosures for use in financial analysis, and learn how accounting standards and managerial incentives affect the financial reporting process.
Semester At A Glance – Staff Accountant.
One year pathway for Full-time Students: Semester 1. ACCT G – Financial Accounting – 4 units ACCT G – Individual Income Taxation – 3 units and choose one course from the following. Semester At A Glance – Staff Accountant.
One year pathway for Full-time Students: Semester 1. ACCT G – Financial Accounting – 4 units ACCT G – Individual Income Taxation – 3 units and choose one course from the following.
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Making Good Financial Decisions about an Organization LEARNING OBJECTIVES At the end of this section, students should be able to meet the following objectives: 1. Define “financial accounting.” 2. Understand the connection between financial accounting and the communication of information.