Tax Accounting II (ACCT 242)

Provides a continuing study of fundamental federal tax laws and how they are applied to corporations, flow-through entities, estates and trusts. The course examines the tax treatment of various business and financial transactions as they relate to the specific type of entity that will be affected. The course also focuses on the business concerns of corporations (executives, board of directors, shareholders, and stakeholders), partnerships (members of the partnership), and estate and trusts (managers, executors, and administrators), as well as the professional and ethical responsibilities of the accountant. 3 hours lecture per week. Course offered every fall, spring and may be offered during additional sessions.