A study of selected financial accounting topics including SEC regulations, bankruptcy, trusts and estates, reporting for segments and interim financial periods, and branch accounting. Not offered every year. A review of the research studies and search for accounting principles and postulates that has occurred in the current century. A study of the history of taxation, the formation and application of federal tax law, and the basic methods and procedures of tax research. The course emphasizes the individual income tax, but also introduces the student to the taxes applicable to other entities.
Tax preparation using the micro computer is also a significant component of the course.
A study of the federal tax law applicable to C corporations, S corporations, partnerships, estates and trusts. In addition to income tax law, the course also addresses the major issues relating to the transfer of property through gifts and the estate. Methods and procedures of tax research also are stressed in the course. This survey course provides an overview of the tax laws and their interrelationships in a way that has proven interesting, enlightening and profitable to taxpayers, managers, tax planners and defenders. Not offered every year.