Course: ACCT 505. Financial and Managerial Accounting in Industry (3)
Study of financial practices relevant to particular industries. Includes general financial and managerial accounting processes, the recording and analysis of financial transactions and statements and the use of accounting data for planning and budgeting purposes. The course will include significant coverage of topics specific to the industry of emphasis. For example, for the Masters in Music Industry Studies, the course will include a survey of music industry income and royalty streams (performance, mechanical, synchronization, copyright), licensor/licensee accounting, inventory and tax issues. If no particular industry focus is needed, the course will include a survey of industries with unusual, specialized or atypical accounting practices.