The course includes, but is not limited to, problems and opportunities related to the practice of public accounting. Provides the methodology necessary for accountants to perform effective, efficient, and ethical accounting and tax research and the means of communicating those results. This course covers the taxation of corporations and their shareholders. Topics include the formation of a corporation, taxation of corporate income, and the tax treatment of distributions. Introduces the study of income tax laws for fiduciaries and estate and gift taxation.
Emphasis is placed on estate planning.
A study and analysis of tax theories, principles and statutes that underlie tax policy throughout the world. The course will concentrate on current issues in federal tax policy. Criteria and techniques for designing and using cost systems. Theory and techniques of analyzing organizations and processes in manufacturing and service organizations. Uses case studies to evaluate cost management systems.