An additional integrative or comprehensive project is required. This course examines the accounting for governmental and nonprofit entities. Topics include fund accounting, financial reporting, and budgeting. Current issues related to accounting for these entities will also be covered. A project or presentation approved by the instructor is required of each student.
Emphasis is placed on federal income tax responsibilities of large corporate businesses.
Topics covered include tax planning, tax research, compliance, and trusts. A project or presentation approved by the instructor is required of each student. A survey of federal income tax issues that relate to management decisions, both from the individual and corporate perspective. Topics include compensation decisions, selecting an appropriate form of business organization and tax planning considerations. No previous accounting or tax coursework is required.