Entity Compliance and Planning

Catalog description

A basic study of U.S. federal income taxation of non-individual entities. Material covered includes the formation and taxation of C Corporations, S Corporations, Partnerships, and Trusts. Additional topics include the accumulated earnings tax, and personal holding companies, federal estate and gift taxation. Prerequisite: ACCT 350. Offered fall term, odd years. Three semester hours. ACCT 415/415M. Advanced Accounting: Theory - A continuation of the study of the principles of accounting with concentration on the more complex accounting environment. This includes such areas as business combinations, bankruptcies and other liquidations, intercompany transactions, segment reporting and accounting, and reporting for the Securities and Exchange Commission. Prerequisite: ACCT 301. Offered spring term even years. Three semester hours.