It also considers the use of statistical sampling applications in audits. Cases from actual practice are used to illustrate a number of contemporary assurance issues. Includes tax planning for businesses operating in more than one taxing jurisdiction. Includes the historical development of accounting thought and how it has been influenced by social, political, and economic forces. The structure and methodology of theory are analyzed, and objectives, postulates, and principles are examined.
Cases explore current issues and policies in financial reporting.
GCOM 745 Investigates the technical and conceptual framework of the rules, regulations, judicial precedents, concepts, and strategic planning considerations relevant to the federal income taxation of corporate mergers, acquisitions, divisions, recapitalizations, bankruptcy and insolvency reorganizations, and consolidated federal income tax returns. Special emphasis on tax and non-tax factors relevant to the selection of the organizational form best suited for the conduct of a particular business. Provides exposure to the various statutory administrative and judicial sources of the tax law, how to find and identify pertinent authorities, and how to read, interpret, and apply them to resolve new and complex client-specific scenarios. Assists in the development and refinement of problem recognition skills and analytical and legal reasoning abilities. Develops a conceptual understanding of the tax laws and demonstrates the practical importance of that understanding.