Addresses current federal income tax laws with attention given to economic, social and historic viewpoints. Major emphasis is placed on the technical and accounting aspects, including the preparation of income tax returns. The course integrates topics in cost determination, data processing, economic analysis, budgeting, and management and financial control. In addition, partnership accounting will be covered to include income distributed, dissolution and liquidation. Acct 321 or consent of instructor.
Course covers job order and process cost systems using actual or standard costs.
The investigation, construction and installation of accounting systems. May be repeated when topics vary. Income Tax for Partnerships and Corporations. A study of federal taxation of corporations, partnerships, estates, and trusts. The course consists of practical application of tax law and discussions regarding the evolution of specific statutory provisions.