Undergraduate Catalogue - UPRM

COLLEGE OF BUSINESS ADMINISTRATION
CONT 3006. ELEMENTARY ACCOUNTING II.
Four credit hours. Four hours of lecture per week.
Prerequisite: CONT 3005.
Continuation of the study of the basic procedures
and principles of accounting relative to the
recording of business transactions, preparation and
use of the financial statements of an enterprise.
The following topics are discussed: accounting and
valuation of assets, liabilities accounting,
organization forms, and elements of cost
accounting.
CONT 4006. MANAGERIAL ACCOUNTING.
Three credit hours. Three hours of lecture per
week. Prerequisite: CONT 3006.
This course is required for non-accounting major
students. The aspects and techniques of accounting
that are useful to managers in the performance of
their basic functions of planning, organizing,
directing and controlling are analyzed and
interpreted. The course also includes three basic
areas: analysis and interpretation of financial
statements, costing procedures in manufacturing
enterprises and accounting, and planning
techniques useful to the decision-making process.
CONT 4007. FEDERAL INCOME TAX. Three
credit hours. Three hours of lecture per week.
Prerequisite: CONT 4018.
The study of the principles and procedures
necessary to prepare an income tax return for
individuals, partnerships and corporations
according to the United States of America Income
Tax Law. Special attention is given to the
computation of gross income and deductions to
determine taxable net income.
CONT 4009. INCOME TAX OF PUERTO RICO.
Three credit hours. Three hours of lecture per
week. Prerequisite: CONT 4006 or CONT 4018.
The study of principles and procedures necessary to
prepare an Income Tax return according to the
Income Tax Law of the Commonwealth of Puerto
Rico, for individuals, partnerships, and
corporations. Special attention is given to the
computation of gross income and deductions
according to the law to determine taxable net
income.
CONT 4015. ADVANCED ACCOUNTING
PROBLEMS. Four credit hours. Four hours of
lecture per week. Prerequisite: CONT 4019.
installment sales, consignments, home office and
branch relationships, business combinations, and
consolidated financial statements. Also, an
introduction to accounting for governmental
entities and not for profit institutions.
CONT 4016. CONTEMPORARY THEORY OF
ACCOUNTING. Three credit hours. Three hours
of lecture per week. Prerequisite: CONT 4019.
The study of the foundation and development of
accounting theory. Includes the discussion and
study of research journals, terminology, and
opinions of the American Institute of Certified
Public Accountants (A.I.C.P.A.) and
pronouncements and opinions of other professional
authorities in the accounting field.
CONT 4017. AUDITING. Three credit hours.
Three hours of lecture per week. Prerequisite:
CONT 4019.
The study of the principles of auditing and their
application in the examination of financial
statements; the standard short-form opinion,
internal control systems, auditing programs, and the
rules of professional and ethical responsibilities of
the independent auditor; also contemporary
development in the field of auditing.
CONT 4018-4019. INTERMEDIATE
ACCOUNTING I-II. Three credit hours per
semester. Three hours of lecture per week each
semester. Prerequisite: CONT 3006.
The study of the principles and procedures of
financial accounting at the intermediate level
applied to problems of recording and valuation of
assets, liabilities and corporate capital, income
determination, and expenditures. Includes the
presentation, analysis, interpretation, and correction
of financial statements.
CONT 4027. ANALYSIS AND COST
CONTROL. Three credit hours. Three hours of
lecture per week. Prerequisite: CONT 4035.
The study of the quantitative techniques for solving
accounting problems in planning and cost control.
Includes budgetary control, standard cost, variable
cost control, distribution cost analysis, gross margin
analysis, and other selected topics in advanced cost
and managerial accounting. Besides, the course
provides the analytical techniques that the
accountant needs to provide quantitative counsel to
management.
The study of special problems in the field of
accounting. Includes the study of partnerships,
256 Undergraduate Catalogue 2004-2005