ACCT 340 - Income Tax Accounting I

Description:
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).

Prerequisites:
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.

Credits: (5)

Learner Outcomes:
Upon successful completion of this course, the student will be able to:

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.

Learner Outcomes Approval Date:
4/5/18