It includes a thorough review of basic accounting concepts and alternative procedures. As a continuation of ACC 260, the focus is on the use of accounting information as a basis for decision making by management, accountants, stockholders, creditors and investors. Achievement by students in handling professional-level problems is a major objective. ACC 121 Surveys the Internal Revenue Code and practical application of tax rules in preparation of returns, applying accounting principles of tax matters. Relationship of accounting and law is considered.
Turbotax software is used.
This is to be cone through reading of the class materials and solving the problems in the materials.