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Universal Accounting was established in 1979. The training center was founded as Universal Training Systems by Alf Bostrom with the purpose to teach students full-charge bookkeeping and accounting. It first functioned under the parent company Metropolitan Business Bureau (MBB) which Alf began as a financial consulting firm in 1960.
The program may consist of all graduate accounting courses or a combination of graduate accounting courses, graduate management, tax, leadership and other graduate business electives. The program is designed to not only prepare students for the CPA examination but also to provide a strong knowledge of accounting principles and business ...
The degree is thus not to be confused with a B.B.A. in Accounting or B.Com. in Accounting, which are general business degrees with accounting as an area of concentration; for discussion, see Business education § Undergraduate education. Some programs allow for specializations in topics such as Tax Accountancy, Auditing or Forensic Accountancy.
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]
Logo of accredited schools. There are 894 schools that hold the Association to Advance Collegiate Schools of Business's (AACSB) Accounting Accreditation.The AACSB accredits business schools by evaluating critical areas of each school to ensure that it provides top-quality education, [1] and schools can apply for the accounting accreditation, which focuses on the schools' accounting programs ...
In 1994, the exam was restructured into a four-section, two-day exam. The subject matter was reorganized, primarily between Accounting Theory and Accounting Practice (Parts I and II). In addition, innovative machine-scorable test questions were incorporated to better assess the skills needed by CPAs to protect the public.
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