Jun 06, 2020  
2015-2016 Vincennes University Catalog 
2015-2016 Vincennes University Catalog [ARCHIVED CATALOG]

FNRL 241 - Funeral Service Accounting

3 hrs (Sem II)
This course explores requirements for those interested in franchising, starting, or acquisitioning a mortuary or other death care-related small business as an entrepreneurial endeavor. This course gives an introduction to basic principles of accounting theory. This subject covers financial statements and their analysis, journalizing concepts, receivables, payables, deferrals and accruals. Inventory costing methods, depreciation methods and payroll accounting are included. Applications to funeral home operations are made throughout the subject material. It is not the aim of this course to develop accounting proficiencies which would enable the graduating student to handle all accounting tasks without the aid of a consulting accountant. 3 lecture hours.

Prerequisite(s): A grade of C or better in MATH or MATT 100-level or higher course.  Admission to the Funeral Services Program.