Problems of income measurement and recognition. The business internship for the students in accounting enhances the student's educational experience by providing a substantive work experience in the business world. Internship program coordinator's approval. Emphasis on tax planning for minimization of tax liability. A study of the principles of federal income taxation on corporations and corporate distributions, partnerships, estates, and trusts.
Emphasis is on tax planning and researching complex problems.
The course includes accounting for the local, state, and federal government, hospitals, colleges and universities, public schools, and charities. Open to seniors only. Permission of Instructor. This course is intended to develop and implement students knowledge currently required for professional accounting careers. Senior standing and Instructor's approval.