Case study orientation. A study of why and how accounting practices vary among countries and the impact these various practices have on U.S. accounting and economy. Emphasis is given to the practices of multinational firms. A study of tax issues in the wealth accumulation process to identify various methods of achieving business and personal objectives. Emphasis on tax issues in compensation planning, investment planning, education funding, retirement planning, and estate planning.
Coverage includes use of business entities and trusts in the tax planning process.
This course provides a framework to analyze how tax rules affect decision-making. Cases and problems, both historical and taken from current developments in tax planning, develop understanding of how changes in tax rules influence the behavior of various constituents in the broad business and regulatory environment. A conceptual approach to the cost accounting function within a business. Historical and contemporary functions of cost accounting are examined as well as deficiencies inherent in traditional models. A study of current topics in accounting information systems.