Overview
Description
Introduction to the federal income taxation system applicable to measuring and reporting taxable income of limited liability business entities.
Requirements
Prerequisites
- with a “C” or better
- in the MBA or MAcc program
ACC 610ACC 410ACC 710
Original catalog text
Prerequisites
Prerequisite(s): ACC 610 with a “C” or better; or ACC 410 with a “C” or better; or ACC 710 with a “C” or better; in the MBA or MAcc program.
Units
Lecture3
Catalog Details
Offering
Offered: Every Fall
Terms
fall
Restrictions
in the MBA or MAcc program
Attributes
StandardRepeatable
Learning Outcomes
- apply the general tax rules to business income of different entities.
- demonstrate knowledge of the basic components of federal income tax returns for incorporated and unincorporated business entities.
- describe the tax rules associated with transactions between incorporated and unincorporated business entities and their owners.
- communicate their understanding of current tax laws and their application to different business types.