Aug 24, 2019
ACCT 340 - Income Tax Accounting I
Introduction to income taxation of corporations, partnerships, and individuals with an emphasis on tax compliance, planning, and computer-based tax research. Formerly ACCT 346, students may not receive credit for both. Course will be offered every year (Fall, Winter, Spring, Summer).
Prerequisite: a grade of C or higher in ACCT 251 and ACCT 252, and a pre-major or major or minor or certificate student in a College of Business program.
Upon successful completion of this course, the student will be able to:
Learner Outcomes Approval Date:
- Recognize how tax systems are designed and how the legislative, executive, and judicial branches influence the design and implementation of U.S federal tax laws.
- Locate and interpret primary authoritative sources of tax information using web-based services.
- Apply U.S. tax law to meet compliance requirements.
- Identify and analyze the impact of U.S. income taxation on corporate financial reporting.
- Apply U.S. tax law to identify tax planning opportunities.
- Communicate the results of research, compliance, and planning efforts, to audiences with different levels of expertise.
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