Introduction to Taxation

Catalog description

A beginning-level experience in providing federal income tax compliance through the Voluntary Income Tax Assistance Program (VITA). Students will receive training and certification in the basic knowledge of federal income taxation through the Internal Revenue Service. Once certification is complete, students will prepare and review returns four times throughout the semester. All activities are under the direct supervision of the course instructor. Prerequisite: consent of the course instructor. Offered spring term each year. Three semester hours. ACCT 351/351M. Development of U.S. Accounting Profession and Standards - An historical perspective of the U.S. accounting profession and standards from colonial times to modern day. This course examines the evolution of the accounting profession as well as the development of accounting standards. Prerequisite: ACCT 212. Offered fall term even years. Three semester hours. ACCT 352/352M. International Financial Reporting - A course comparing and contrasting U.S. financial reporting with that of different nations. Concentration is given to the role an individual country’s culture has on its domestic financial reporting. Attention is also given to the development and issuance of international or global accounting standards. Prerequisite: ACCT 212. Offered spring term odd years. Three semester hours.