An understanding of the code is developed through lectures, assigned readings, research, and the solution of a wide variety of problems. Deals with the rules and regulations of the Internal Revenue Code as it affects corporations, estates, and trusts. Emphasis will be on special corporate problems including incorporation, distributions and liquidations. In either case, government expenditure control through the use of encumbrance accounting will be examined. Emphasis is placed on control systems which safeguard assets and assist the in efficient use of resources.
Special attention is placed on long-range operational planning and control.