Acquisition Cost The cost of the asset including the cost to ready the asset for its intended use. Acquisition cost for equipment, for example, means the net invoice price of the equipment, including the cost of any modifications, attachments, accessories, or auxiliary apparatus necessary to make it usable for the purpose for which it is acquired. Acquisition costs for software includes those development costs capitalized in accordance with generally accepted accounting principles GAAP.
Federal Income Tax or Corps. Advanced topics such as financial tax accounting concepts, employee compensation, related party transactions and tax planning are also included. Advanced Management Accounting Duration: The course will discuss the theoretical rationale for the treatment of elements of the financial statements.
Elective course options will vary by term and are subject to change. Tax issues associated with formation, operation, distributions, redemptions, liquidations, reorganizations and selected special topics are included.
Entities to be covered include municipal and state governments and various non-profit organizations. The objective of this course is to provide the student with an understanding of generally accepted accounting principles for governmental and not-for-profit entities.
Students should develop an understanding of the basic concepts of fund accounting, be able to contrast accounting concepts of governmental and non-profit organizations with that of for-profit organizations, and have a basic knowledge of state and local government financial reporting requirements.
In addition, students should have a basic awareness of the different requirements for local governments in Kansas.
Topics covered include the nature of fraud, fraud prevention, detection methods, investigation procedure and types of fraud. This includes the documentation, testing and evaluation of internal controls, and the design and implementation of corroborative substantive tests. In addition to external auditing, other topics include governmental, internal and operational auditing as well as issues of current interest in the auditing literature.
Advanced Accounting Information Systems Duration: The course provides an overview of how to understand, analyze and control computerized information systems. Law of Commerce Duration: The class is intended to give students more detailed coverage of important areas of law for businesses and to prepare accounting majors for the CPA exam.
Information Technology Project Management Duration: Specific topics will address planning, organizing, scheduling and controlling information technology projects, current tools and techniques, and the roles and responsibilities of project managers.
Systems Analysis and Design Duration: Emphasis is placed on the tools and techniques that a project leader and systems analyst would use to analyze, design and document information systems with the object-oriented approach as well as the traditional approach. The course will also emphasize the importance of various skills which the systems analyst should possess, including communication, problem-solving and project management skills.
Team-oriented projects are utilized to aid in understanding how systems concepts are developed in the business world. A primary method of learning these skills will be the application areas of spreadsheet and database design in multiple application environments.
A predominant method for the development of these skills will be in a Business Simulation environment in which the students will run their own organization to generate the data with which to apply business analytics. The Business Simulation will be executed at various times during the semester to provide the database used in the various BA applications.
By studying both successful and unsuccessful implementation examples, students examine how and why an ERP system is implemented and how it is integrated with existing business processes.
Students examine the impact of ERP on the organization and how change can be managed.An introduction to key concepts in nonprofit accounting and financial procedures.
Legal obligations and accepted standards are described. The Internal Revenue Bulletin is the authoritative instrument of the Commissioner of Internal Revenue for announcing official rulings and procedures of the Internal Revenue Service and for publishing Treasury Decisions, Executive Orders, Tax Conventions, legislation, court decisions, and .
Managerial accounting is not as widely used as other forms of accounting, nor is it as known.
While companies concern themselves with financial accounting methods like audits, budgets and financial statements, they often completely ignore the forward-thinking methods of managerial accounting. An employee can make his/her own travel arrangements.
All of the expenses claimed are verified against the travel policy of the company. If the employee enters travel data in connection with the Cross-Application Time Sheet (CATS), data such as trip dates and cost assignment are pre-populated.
Xero is a cloud-based small business accounting software with tools for managing invoicing, bank reconciliation, inventory, purchasing, expenses, bookkeeping and more. 1. Middle Kansas.
2. Little Arkansas. 3. Lower Kansas. 4. Middle Arkansas-Slate. 5. Middle Neosho. 6.