BBA | Bachelor of Business Administration

The Bachelor’s Degree Courses at CalSouthern’s School of Business

Below, you’ll find all of the online bachelor’s degree courses offered by CalSouthern’s School of Business. By taking 15 semester hours of elective online bachelor’s courses, you can focus your studies in your particular area of interest, earning your Bachelor of Business Administration Degree with a concentration in management, accounting, human resources management, marketing, international business, or criminal justice.

Required Core Courses

Lower Division Courses

ACT 2202 Tax Accounting I

Credits : 3

This course analyzes the determination of taxable income of individuals for federal income tax purposes. Emphasis is on all of the aspects of accounting that are necessary to complete the returns in accordance with federal income tax law.

Learning Outcomes:
  • Introduce self and describe course expectations
  • Demonstrate how taxes influence basic business, investment, personal, and political decisions.
  • Discuss what constitutes a tax and the general objectives of taxes.
  • Describe the different tax rate structures and calculate a tax.
  • Identify the various federal, state, and local taxes.
  • Apply appropriate criteria to evaluate alternate tax systems.
  • Identify the filing requirements for income tax returns and the statute of limitations for assessment.
  • Outline the IRS audit process, how returns are selected, the different types of audits, and what happens after the audit.
  • Evaluate the relative weights of the various tax law sources.
  • Perform the basic steps in tax research and evaluate various tax law sources when faced with ambiguous statutes.
  • Apply the concept of present value to tax planning
  • Apply the strategy of income shifting, provide examples, and describe its limitations.
  • Describe the formula for calculating an individual taxpayer’s taxes payable or refund and generally explain each formula component
  • Explain the requirements for determining a taxpayer’s personal and dependency exemptions
  • Apply the concept of realization and explain when taxpayers recognize gross income.
  • Understand the distinctions between the various sources of income, including income from services and property.
  • Identify the common deductions necessary for calculating adjusted gross income (AGI).
  • Describe the different types of itemized deductions available to individuals and compute itemized deductions.
  • Determine a taxpayer's regular tax liability and identify tax issues associated with the process.
  • Compute a taxpayer's alternative minimum tax liability and describe the tax characteristics of taxpayers most likely to owe the alternative minimum tax.
  • Describe the general requirements for deducting business expenses and identify common business deductions.
  • Apply the limitations on business deductions to distinguish between deductible and nondeductible business expenses.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicable cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicabile cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Calculate the amount of gain or loss recognized on the disposition of assets used in a trade or business.
  • Describe the general character types of gain or loss recognized on property dispositions.
  • Explain how interest income and divident income are taxed.
  • Compute the tax consequences associated with the disposition of capital assets, including the netting process for calculating gains and losses.
  • Discuss and explain the tax implications of compensation in the form of salary and wages from the employee's and employer's perspectives
  • Describe and distinguish the tax implications of various forms of equity-based compensation from the employer's and employee's perspectives.
  • Integrate the course concepts through interaction with other Learners and your Mentor.
  • Access information efficiently and effectively.
  • Evaluate information critically and competently.
Back


Upper Division Courses

ACT 2202 Tax Accounting I

Credits : 3

This course analyzes the determination of taxable income of individuals for federal income tax purposes. Emphasis is on all of the aspects of accounting that are necessary to complete the returns in accordance with federal income tax law.

Learning Outcomes:
  • Introduce self and describe course expectations
  • Demonstrate how taxes influence basic business, investment, personal, and political decisions.
  • Discuss what constitutes a tax and the general objectives of taxes.
  • Describe the different tax rate structures and calculate a tax.
  • Identify the various federal, state, and local taxes.
  • Apply appropriate criteria to evaluate alternate tax systems.
  • Identify the filing requirements for income tax returns and the statute of limitations for assessment.
  • Outline the IRS audit process, how returns are selected, the different types of audits, and what happens after the audit.
  • Evaluate the relative weights of the various tax law sources.
  • Perform the basic steps in tax research and evaluate various tax law sources when faced with ambiguous statutes.
  • Apply the concept of present value to tax planning
  • Apply the strategy of income shifting, provide examples, and describe its limitations.
  • Describe the formula for calculating an individual taxpayer’s taxes payable or refund and generally explain each formula component
  • Explain the requirements for determining a taxpayer’s personal and dependency exemptions
  • Apply the concept of realization and explain when taxpayers recognize gross income.
  • Understand the distinctions between the various sources of income, including income from services and property.
  • Identify the common deductions necessary for calculating adjusted gross income (AGI).
  • Describe the different types of itemized deductions available to individuals and compute itemized deductions.
  • Determine a taxpayer's regular tax liability and identify tax issues associated with the process.
  • Compute a taxpayer's alternative minimum tax liability and describe the tax characteristics of taxpayers most likely to owe the alternative minimum tax.
  • Describe the general requirements for deducting business expenses and identify common business deductions.
  • Apply the limitations on business deductions to distinguish between deductible and nondeductible business expenses.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicable cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicabile cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Calculate the amount of gain or loss recognized on the disposition of assets used in a trade or business.
  • Describe the general character types of gain or loss recognized on property dispositions.
  • Explain how interest income and divident income are taxed.
  • Compute the tax consequences associated with the disposition of capital assets, including the netting process for calculating gains and losses.
  • Discuss and explain the tax implications of compensation in the form of salary and wages from the employee's and employer's perspectives
  • Describe and distinguish the tax implications of various forms of equity-based compensation from the employer's and employee's perspectives.
  • Integrate the course concepts through interaction with other Learners and your Mentor.
  • Access information efficiently and effectively.
  • Evaluate information critically and competently.
Back


Business Elective Courses

Management Electives

Lower Division Courses

ACT 2202 Tax Accounting I

Credits : 3

This course analyzes the determination of taxable income of individuals for federal income tax purposes. Emphasis is on all of the aspects of accounting that are necessary to complete the returns in accordance with federal income tax law.

Learning Outcomes:
  • Introduce self and describe course expectations
  • Demonstrate how taxes influence basic business, investment, personal, and political decisions.
  • Discuss what constitutes a tax and the general objectives of taxes.
  • Describe the different tax rate structures and calculate a tax.
  • Identify the various federal, state, and local taxes.
  • Apply appropriate criteria to evaluate alternate tax systems.
  • Identify the filing requirements for income tax returns and the statute of limitations for assessment.
  • Outline the IRS audit process, how returns are selected, the different types of audits, and what happens after the audit.
  • Evaluate the relative weights of the various tax law sources.
  • Perform the basic steps in tax research and evaluate various tax law sources when faced with ambiguous statutes.
  • Apply the concept of present value to tax planning
  • Apply the strategy of income shifting, provide examples, and describe its limitations.
  • Describe the formula for calculating an individual taxpayer’s taxes payable or refund and generally explain each formula component
  • Explain the requirements for determining a taxpayer’s personal and dependency exemptions
  • Apply the concept of realization and explain when taxpayers recognize gross income.
  • Understand the distinctions between the various sources of income, including income from services and property.
  • Identify the common deductions necessary for calculating adjusted gross income (AGI).
  • Describe the different types of itemized deductions available to individuals and compute itemized deductions.
  • Determine a taxpayer's regular tax liability and identify tax issues associated with the process.
  • Compute a taxpayer's alternative minimum tax liability and describe the tax characteristics of taxpayers most likely to owe the alternative minimum tax.
  • Describe the general requirements for deducting business expenses and identify common business deductions.
  • Apply the limitations on business deductions to distinguish between deductible and nondeductible business expenses.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicable cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicabile cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Calculate the amount of gain or loss recognized on the disposition of assets used in a trade or business.
  • Describe the general character types of gain or loss recognized on property dispositions.
  • Explain how interest income and divident income are taxed.
  • Compute the tax consequences associated with the disposition of capital assets, including the netting process for calculating gains and losses.
  • Discuss and explain the tax implications of compensation in the form of salary and wages from the employee's and employer's perspectives
  • Describe and distinguish the tax implications of various forms of equity-based compensation from the employer's and employee's perspectives.
  • Integrate the course concepts through interaction with other Learners and your Mentor.
  • Access information efficiently and effectively.
  • Evaluate information critically and competently.
Back


Upper Division Courses

ACT 2202 Tax Accounting I

Credits : 3

This course analyzes the determination of taxable income of individuals for federal income tax purposes. Emphasis is on all of the aspects of accounting that are necessary to complete the returns in accordance with federal income tax law.

Learning Outcomes:
  • Introduce self and describe course expectations
  • Demonstrate how taxes influence basic business, investment, personal, and political decisions.
  • Discuss what constitutes a tax and the general objectives of taxes.
  • Describe the different tax rate structures and calculate a tax.
  • Identify the various federal, state, and local taxes.
  • Apply appropriate criteria to evaluate alternate tax systems.
  • Identify the filing requirements for income tax returns and the statute of limitations for assessment.
  • Outline the IRS audit process, how returns are selected, the different types of audits, and what happens after the audit.
  • Evaluate the relative weights of the various tax law sources.
  • Perform the basic steps in tax research and evaluate various tax law sources when faced with ambiguous statutes.
  • Apply the concept of present value to tax planning
  • Apply the strategy of income shifting, provide examples, and describe its limitations.
  • Describe the formula for calculating an individual taxpayer’s taxes payable or refund and generally explain each formula component
  • Explain the requirements for determining a taxpayer’s personal and dependency exemptions
  • Apply the concept of realization and explain when taxpayers recognize gross income.
  • Understand the distinctions between the various sources of income, including income from services and property.
  • Identify the common deductions necessary for calculating adjusted gross income (AGI).
  • Describe the different types of itemized deductions available to individuals and compute itemized deductions.
  • Determine a taxpayer's regular tax liability and identify tax issues associated with the process.
  • Compute a taxpayer's alternative minimum tax liability and describe the tax characteristics of taxpayers most likely to owe the alternative minimum tax.
  • Describe the general requirements for deducting business expenses and identify common business deductions.
  • Apply the limitations on business deductions to distinguish between deductible and nondeductible business expenses.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicable cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicabile cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Calculate the amount of gain or loss recognized on the disposition of assets used in a trade or business.
  • Describe the general character types of gain or loss recognized on property dispositions.
  • Explain how interest income and divident income are taxed.
  • Compute the tax consequences associated with the disposition of capital assets, including the netting process for calculating gains and losses.
  • Discuss and explain the tax implications of compensation in the form of salary and wages from the employee's and employer's perspectives
  • Describe and distinguish the tax implications of various forms of equity-based compensation from the employer's and employee's perspectives.
  • Integrate the course concepts through interaction with other Learners and your Mentor.
  • Access information efficiently and effectively.
  • Evaluate information critically and competently.
Back


Accounting Electives

Lower Division Courses

ACT 2202 Tax Accounting I

Credits : 3

This course analyzes the determination of taxable income of individuals for federal income tax purposes. Emphasis is on all of the aspects of accounting that are necessary to complete the returns in accordance with federal income tax law.

Learning Outcomes:
  • Introduce self and describe course expectations
  • Demonstrate how taxes influence basic business, investment, personal, and political decisions.
  • Discuss what constitutes a tax and the general objectives of taxes.
  • Describe the different tax rate structures and calculate a tax.
  • Identify the various federal, state, and local taxes.
  • Apply appropriate criteria to evaluate alternate tax systems.
  • Identify the filing requirements for income tax returns and the statute of limitations for assessment.
  • Outline the IRS audit process, how returns are selected, the different types of audits, and what happens after the audit.
  • Evaluate the relative weights of the various tax law sources.
  • Perform the basic steps in tax research and evaluate various tax law sources when faced with ambiguous statutes.
  • Apply the concept of present value to tax planning
  • Apply the strategy of income shifting, provide examples, and describe its limitations.
  • Describe the formula for calculating an individual taxpayer’s taxes payable or refund and generally explain each formula component
  • Explain the requirements for determining a taxpayer’s personal and dependency exemptions
  • Apply the concept of realization and explain when taxpayers recognize gross income.
  • Understand the distinctions between the various sources of income, including income from services and property.
  • Identify the common deductions necessary for calculating adjusted gross income (AGI).
  • Describe the different types of itemized deductions available to individuals and compute itemized deductions.
  • Determine a taxpayer's regular tax liability and identify tax issues associated with the process.
  • Compute a taxpayer's alternative minimum tax liability and describe the tax characteristics of taxpayers most likely to owe the alternative minimum tax.
  • Describe the general requirements for deducting business expenses and identify common business deductions.
  • Apply the limitations on business deductions to distinguish between deductible and nondeductible business expenses.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicable cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicabile cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Calculate the amount of gain or loss recognized on the disposition of assets used in a trade or business.
  • Describe the general character types of gain or loss recognized on property dispositions.
  • Explain how interest income and divident income are taxed.
  • Compute the tax consequences associated with the disposition of capital assets, including the netting process for calculating gains and losses.
  • Discuss and explain the tax implications of compensation in the form of salary and wages from the employee's and employer's perspectives
  • Describe and distinguish the tax implications of various forms of equity-based compensation from the employer's and employee's perspectives.
  • Integrate the course concepts through interaction with other Learners and your Mentor.
  • Access information efficiently and effectively.
  • Evaluate information critically and competently.
Back


Upper Division Courses

ACT 2202 Tax Accounting I

Credits : 3

This course analyzes the determination of taxable income of individuals for federal income tax purposes. Emphasis is on all of the aspects of accounting that are necessary to complete the returns in accordance with federal income tax law.

Learning Outcomes:
  • Introduce self and describe course expectations
  • Demonstrate how taxes influence basic business, investment, personal, and political decisions.
  • Discuss what constitutes a tax and the general objectives of taxes.
  • Describe the different tax rate structures and calculate a tax.
  • Identify the various federal, state, and local taxes.
  • Apply appropriate criteria to evaluate alternate tax systems.
  • Identify the filing requirements for income tax returns and the statute of limitations for assessment.
  • Outline the IRS audit process, how returns are selected, the different types of audits, and what happens after the audit.
  • Evaluate the relative weights of the various tax law sources.
  • Perform the basic steps in tax research and evaluate various tax law sources when faced with ambiguous statutes.
  • Apply the concept of present value to tax planning
  • Apply the strategy of income shifting, provide examples, and describe its limitations.
  • Describe the formula for calculating an individual taxpayer’s taxes payable or refund and generally explain each formula component
  • Explain the requirements for determining a taxpayer’s personal and dependency exemptions
  • Apply the concept of realization and explain when taxpayers recognize gross income.
  • Understand the distinctions between the various sources of income, including income from services and property.
  • Identify the common deductions necessary for calculating adjusted gross income (AGI).
  • Describe the different types of itemized deductions available to individuals and compute itemized deductions.
  • Determine a taxpayer's regular tax liability and identify tax issues associated with the process.
  • Compute a taxpayer's alternative minimum tax liability and describe the tax characteristics of taxpayers most likely to owe the alternative minimum tax.
  • Describe the general requirements for deducting business expenses and identify common business deductions.
  • Apply the limitations on business deductions to distinguish between deductible and nondeductible business expenses.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicable cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicabile cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Calculate the amount of gain or loss recognized on the disposition of assets used in a trade or business.
  • Describe the general character types of gain or loss recognized on property dispositions.
  • Explain how interest income and divident income are taxed.
  • Compute the tax consequences associated with the disposition of capital assets, including the netting process for calculating gains and losses.
  • Discuss and explain the tax implications of compensation in the form of salary and wages from the employee's and employer's perspectives
  • Describe and distinguish the tax implications of various forms of equity-based compensation from the employer's and employee's perspectives.
  • Integrate the course concepts through interaction with other Learners and your Mentor.
  • Access information efficiently and effectively.
  • Evaluate information critically and competently.
Back


Human Resource Management Electives

Lower Division Courses

ACT 2202 Tax Accounting I

Credits : 3

This course analyzes the determination of taxable income of individuals for federal income tax purposes. Emphasis is on all of the aspects of accounting that are necessary to complete the returns in accordance with federal income tax law.

Learning Outcomes:
  • Introduce self and describe course expectations
  • Demonstrate how taxes influence basic business, investment, personal, and political decisions.
  • Discuss what constitutes a tax and the general objectives of taxes.
  • Describe the different tax rate structures and calculate a tax.
  • Identify the various federal, state, and local taxes.
  • Apply appropriate criteria to evaluate alternate tax systems.
  • Identify the filing requirements for income tax returns and the statute of limitations for assessment.
  • Outline the IRS audit process, how returns are selected, the different types of audits, and what happens after the audit.
  • Evaluate the relative weights of the various tax law sources.
  • Perform the basic steps in tax research and evaluate various tax law sources when faced with ambiguous statutes.
  • Apply the concept of present value to tax planning
  • Apply the strategy of income shifting, provide examples, and describe its limitations.
  • Describe the formula for calculating an individual taxpayer’s taxes payable or refund and generally explain each formula component
  • Explain the requirements for determining a taxpayer’s personal and dependency exemptions
  • Apply the concept of realization and explain when taxpayers recognize gross income.
  • Understand the distinctions between the various sources of income, including income from services and property.
  • Identify the common deductions necessary for calculating adjusted gross income (AGI).
  • Describe the different types of itemized deductions available to individuals and compute itemized deductions.
  • Determine a taxpayer's regular tax liability and identify tax issues associated with the process.
  • Compute a taxpayer's alternative minimum tax liability and describe the tax characteristics of taxpayers most likely to owe the alternative minimum tax.
  • Describe the general requirements for deducting business expenses and identify common business deductions.
  • Apply the limitations on business deductions to distinguish between deductible and nondeductible business expenses.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicable cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicabile cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Calculate the amount of gain or loss recognized on the disposition of assets used in a trade or business.
  • Describe the general character types of gain or loss recognized on property dispositions.
  • Explain how interest income and divident income are taxed.
  • Compute the tax consequences associated with the disposition of capital assets, including the netting process for calculating gains and losses.
  • Discuss and explain the tax implications of compensation in the form of salary and wages from the employee's and employer's perspectives
  • Describe and distinguish the tax implications of various forms of equity-based compensation from the employer's and employee's perspectives.
  • Integrate the course concepts through interaction with other Learners and your Mentor.
  • Access information efficiently and effectively.
  • Evaluate information critically and competently.
Back


Upper Division Courses

ACT 2202 Tax Accounting I

Credits : 3

This course analyzes the determination of taxable income of individuals for federal income tax purposes. Emphasis is on all of the aspects of accounting that are necessary to complete the returns in accordance with federal income tax law.

Learning Outcomes:
  • Introduce self and describe course expectations
  • Demonstrate how taxes influence basic business, investment, personal, and political decisions.
  • Discuss what constitutes a tax and the general objectives of taxes.
  • Describe the different tax rate structures and calculate a tax.
  • Identify the various federal, state, and local taxes.
  • Apply appropriate criteria to evaluate alternate tax systems.
  • Identify the filing requirements for income tax returns and the statute of limitations for assessment.
  • Outline the IRS audit process, how returns are selected, the different types of audits, and what happens after the audit.
  • Evaluate the relative weights of the various tax law sources.
  • Perform the basic steps in tax research and evaluate various tax law sources when faced with ambiguous statutes.
  • Apply the concept of present value to tax planning
  • Apply the strategy of income shifting, provide examples, and describe its limitations.
  • Describe the formula for calculating an individual taxpayer’s taxes payable or refund and generally explain each formula component
  • Explain the requirements for determining a taxpayer’s personal and dependency exemptions
  • Apply the concept of realization and explain when taxpayers recognize gross income.
  • Understand the distinctions between the various sources of income, including income from services and property.
  • Identify the common deductions necessary for calculating adjusted gross income (AGI).
  • Describe the different types of itemized deductions available to individuals and compute itemized deductions.
  • Determine a taxpayer's regular tax liability and identify tax issues associated with the process.
  • Compute a taxpayer's alternative minimum tax liability and describe the tax characteristics of taxpayers most likely to owe the alternative minimum tax.
  • Describe the general requirements for deducting business expenses and identify common business deductions.
  • Apply the limitations on business deductions to distinguish between deductible and nondeductible business expenses.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicable cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicabile cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Calculate the amount of gain or loss recognized on the disposition of assets used in a trade or business.
  • Describe the general character types of gain or loss recognized on property dispositions.
  • Explain how interest income and divident income are taxed.
  • Compute the tax consequences associated with the disposition of capital assets, including the netting process for calculating gains and losses.
  • Discuss and explain the tax implications of compensation in the form of salary and wages from the employee's and employer's perspectives
  • Describe and distinguish the tax implications of various forms of equity-based compensation from the employer's and employee's perspectives.
  • Integrate the course concepts through interaction with other Learners and your Mentor.
  • Access information efficiently and effectively.
  • Evaluate information critically and competently.
Back


Marketing Electives

Lower Division Courses

ACT 2202 Tax Accounting I

Credits : 3

This course analyzes the determination of taxable income of individuals for federal income tax purposes. Emphasis is on all of the aspects of accounting that are necessary to complete the returns in accordance with federal income tax law.

Learning Outcomes:
  • Introduce self and describe course expectations
  • Demonstrate how taxes influence basic business, investment, personal, and political decisions.
  • Discuss what constitutes a tax and the general objectives of taxes.
  • Describe the different tax rate structures and calculate a tax.
  • Identify the various federal, state, and local taxes.
  • Apply appropriate criteria to evaluate alternate tax systems.
  • Identify the filing requirements for income tax returns and the statute of limitations for assessment.
  • Outline the IRS audit process, how returns are selected, the different types of audits, and what happens after the audit.
  • Evaluate the relative weights of the various tax law sources.
  • Perform the basic steps in tax research and evaluate various tax law sources when faced with ambiguous statutes.
  • Apply the concept of present value to tax planning
  • Apply the strategy of income shifting, provide examples, and describe its limitations.
  • Describe the formula for calculating an individual taxpayer’s taxes payable or refund and generally explain each formula component
  • Explain the requirements for determining a taxpayer’s personal and dependency exemptions
  • Apply the concept of realization and explain when taxpayers recognize gross income.
  • Understand the distinctions between the various sources of income, including income from services and property.
  • Identify the common deductions necessary for calculating adjusted gross income (AGI).
  • Describe the different types of itemized deductions available to individuals and compute itemized deductions.
  • Determine a taxpayer's regular tax liability and identify tax issues associated with the process.
  • Compute a taxpayer's alternative minimum tax liability and describe the tax characteristics of taxpayers most likely to owe the alternative minimum tax.
  • Describe the general requirements for deducting business expenses and identify common business deductions.
  • Apply the limitations on business deductions to distinguish between deductible and nondeductible business expenses.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicable cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicabile cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Calculate the amount of gain or loss recognized on the disposition of assets used in a trade or business.
  • Describe the general character types of gain or loss recognized on property dispositions.
  • Explain how interest income and divident income are taxed.
  • Compute the tax consequences associated with the disposition of capital assets, including the netting process for calculating gains and losses.
  • Discuss and explain the tax implications of compensation in the form of salary and wages from the employee's and employer's perspectives
  • Describe and distinguish the tax implications of various forms of equity-based compensation from the employer's and employee's perspectives.
  • Integrate the course concepts through interaction with other Learners and your Mentor.
  • Access information efficiently and effectively.
  • Evaluate information critically and competently.
Back


Upper Division Courses

ACT 2202 Tax Accounting I

Credits : 3

This course analyzes the determination of taxable income of individuals for federal income tax purposes. Emphasis is on all of the aspects of accounting that are necessary to complete the returns in accordance with federal income tax law.

Learning Outcomes:
  • Introduce self and describe course expectations
  • Demonstrate how taxes influence basic business, investment, personal, and political decisions.
  • Discuss what constitutes a tax and the general objectives of taxes.
  • Describe the different tax rate structures and calculate a tax.
  • Identify the various federal, state, and local taxes.
  • Apply appropriate criteria to evaluate alternate tax systems.
  • Identify the filing requirements for income tax returns and the statute of limitations for assessment.
  • Outline the IRS audit process, how returns are selected, the different types of audits, and what happens after the audit.
  • Evaluate the relative weights of the various tax law sources.
  • Perform the basic steps in tax research and evaluate various tax law sources when faced with ambiguous statutes.
  • Apply the concept of present value to tax planning
  • Apply the strategy of income shifting, provide examples, and describe its limitations.
  • Describe the formula for calculating an individual taxpayer’s taxes payable or refund and generally explain each formula component
  • Explain the requirements for determining a taxpayer’s personal and dependency exemptions
  • Apply the concept of realization and explain when taxpayers recognize gross income.
  • Understand the distinctions between the various sources of income, including income from services and property.
  • Identify the common deductions necessary for calculating adjusted gross income (AGI).
  • Describe the different types of itemized deductions available to individuals and compute itemized deductions.
  • Determine a taxpayer's regular tax liability and identify tax issues associated with the process.
  • Compute a taxpayer's alternative minimum tax liability and describe the tax characteristics of taxpayers most likely to owe the alternative minimum tax.
  • Describe the general requirements for deducting business expenses and identify common business deductions.
  • Apply the limitations on business deductions to distinguish between deductible and nondeductible business expenses.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicable cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicabile cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Calculate the amount of gain or loss recognized on the disposition of assets used in a trade or business.
  • Describe the general character types of gain or loss recognized on property dispositions.
  • Explain how interest income and divident income are taxed.
  • Compute the tax consequences associated with the disposition of capital assets, including the netting process for calculating gains and losses.
  • Discuss and explain the tax implications of compensation in the form of salary and wages from the employee's and employer's perspectives
  • Describe and distinguish the tax implications of various forms of equity-based compensation from the employer's and employee's perspectives.
  • Integrate the course concepts through interaction with other Learners and your Mentor.
  • Access information efficiently and effectively.
  • Evaluate information critically and competently.
Back


Entrepreneurship Electives

Lower Division Courses

ACT 2202 Tax Accounting I

Credits : 3

This course analyzes the determination of taxable income of individuals for federal income tax purposes. Emphasis is on all of the aspects of accounting that are necessary to complete the returns in accordance with federal income tax law.

Learning Outcomes:
  • Introduce self and describe course expectations
  • Demonstrate how taxes influence basic business, investment, personal, and political decisions.
  • Discuss what constitutes a tax and the general objectives of taxes.
  • Describe the different tax rate structures and calculate a tax.
  • Identify the various federal, state, and local taxes.
  • Apply appropriate criteria to evaluate alternate tax systems.
  • Identify the filing requirements for income tax returns and the statute of limitations for assessment.
  • Outline the IRS audit process, how returns are selected, the different types of audits, and what happens after the audit.
  • Evaluate the relative weights of the various tax law sources.
  • Perform the basic steps in tax research and evaluate various tax law sources when faced with ambiguous statutes.
  • Apply the concept of present value to tax planning
  • Apply the strategy of income shifting, provide examples, and describe its limitations.
  • Describe the formula for calculating an individual taxpayer’s taxes payable or refund and generally explain each formula component
  • Explain the requirements for determining a taxpayer’s personal and dependency exemptions
  • Apply the concept of realization and explain when taxpayers recognize gross income.
  • Understand the distinctions between the various sources of income, including income from services and property.
  • Identify the common deductions necessary for calculating adjusted gross income (AGI).
  • Describe the different types of itemized deductions available to individuals and compute itemized deductions.
  • Determine a taxpayer's regular tax liability and identify tax issues associated with the process.
  • Compute a taxpayer's alternative minimum tax liability and describe the tax characteristics of taxpayers most likely to owe the alternative minimum tax.
  • Describe the general requirements for deducting business expenses and identify common business deductions.
  • Apply the limitations on business deductions to distinguish between deductible and nondeductible business expenses.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicable cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicabile cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Calculate the amount of gain or loss recognized on the disposition of assets used in a trade or business.
  • Describe the general character types of gain or loss recognized on property dispositions.
  • Explain how interest income and divident income are taxed.
  • Compute the tax consequences associated with the disposition of capital assets, including the netting process for calculating gains and losses.
  • Discuss and explain the tax implications of compensation in the form of salary and wages from the employee's and employer's perspectives
  • Describe and distinguish the tax implications of various forms of equity-based compensation from the employer's and employee's perspectives.
  • Integrate the course concepts through interaction with other Learners and your Mentor.
  • Access information efficiently and effectively.
  • Evaluate information critically and competently.
Back


Upper Division Courses

ACT 2202 Tax Accounting I

Credits : 3

This course analyzes the determination of taxable income of individuals for federal income tax purposes. Emphasis is on all of the aspects of accounting that are necessary to complete the returns in accordance with federal income tax law.

Learning Outcomes:
  • Introduce self and describe course expectations
  • Demonstrate how taxes influence basic business, investment, personal, and political decisions.
  • Discuss what constitutes a tax and the general objectives of taxes.
  • Describe the different tax rate structures and calculate a tax.
  • Identify the various federal, state, and local taxes.
  • Apply appropriate criteria to evaluate alternate tax systems.
  • Identify the filing requirements for income tax returns and the statute of limitations for assessment.
  • Outline the IRS audit process, how returns are selected, the different types of audits, and what happens after the audit.
  • Evaluate the relative weights of the various tax law sources.
  • Perform the basic steps in tax research and evaluate various tax law sources when faced with ambiguous statutes.
  • Apply the concept of present value to tax planning
  • Apply the strategy of income shifting, provide examples, and describe its limitations.
  • Describe the formula for calculating an individual taxpayer’s taxes payable or refund and generally explain each formula component
  • Explain the requirements for determining a taxpayer’s personal and dependency exemptions
  • Apply the concept of realization and explain when taxpayers recognize gross income.
  • Understand the distinctions between the various sources of income, including income from services and property.
  • Identify the common deductions necessary for calculating adjusted gross income (AGI).
  • Describe the different types of itemized deductions available to individuals and compute itemized deductions.
  • Determine a taxpayer's regular tax liability and identify tax issues associated with the process.
  • Compute a taxpayer's alternative minimum tax liability and describe the tax characteristics of taxpayers most likely to owe the alternative minimum tax.
  • Describe the general requirements for deducting business expenses and identify common business deductions.
  • Apply the limitations on business deductions to distinguish between deductible and nondeductible business expenses.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicable cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicabile cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Calculate the amount of gain or loss recognized on the disposition of assets used in a trade or business.
  • Describe the general character types of gain or loss recognized on property dispositions.
  • Explain how interest income and divident income are taxed.
  • Compute the tax consequences associated with the disposition of capital assets, including the netting process for calculating gains and losses.
  • Discuss and explain the tax implications of compensation in the form of salary and wages from the employee's and employer's perspectives
  • Describe and distinguish the tax implications of various forms of equity-based compensation from the employer's and employee's perspectives.
  • Integrate the course concepts through interaction with other Learners and your Mentor.
  • Access information efficiently and effectively.
  • Evaluate information critically and competently.
Back


Leadership Electives

Lower Division Courses

ACT 2202 Tax Accounting I

Credits : 3

This course analyzes the determination of taxable income of individuals for federal income tax purposes. Emphasis is on all of the aspects of accounting that are necessary to complete the returns in accordance with federal income tax law.

Learning Outcomes:
  • Introduce self and describe course expectations
  • Demonstrate how taxes influence basic business, investment, personal, and political decisions.
  • Discuss what constitutes a tax and the general objectives of taxes.
  • Describe the different tax rate structures and calculate a tax.
  • Identify the various federal, state, and local taxes.
  • Apply appropriate criteria to evaluate alternate tax systems.
  • Identify the filing requirements for income tax returns and the statute of limitations for assessment.
  • Outline the IRS audit process, how returns are selected, the different types of audits, and what happens after the audit.
  • Evaluate the relative weights of the various tax law sources.
  • Perform the basic steps in tax research and evaluate various tax law sources when faced with ambiguous statutes.
  • Apply the concept of present value to tax planning
  • Apply the strategy of income shifting, provide examples, and describe its limitations.
  • Describe the formula for calculating an individual taxpayer’s taxes payable or refund and generally explain each formula component
  • Explain the requirements for determining a taxpayer’s personal and dependency exemptions
  • Apply the concept of realization and explain when taxpayers recognize gross income.
  • Understand the distinctions between the various sources of income, including income from services and property.
  • Identify the common deductions necessary for calculating adjusted gross income (AGI).
  • Describe the different types of itemized deductions available to individuals and compute itemized deductions.
  • Determine a taxpayer's regular tax liability and identify tax issues associated with the process.
  • Compute a taxpayer's alternative minimum tax liability and describe the tax characteristics of taxpayers most likely to owe the alternative minimum tax.
  • Describe the general requirements for deducting business expenses and identify common business deductions.
  • Apply the limitations on business deductions to distinguish between deductible and nondeductible business expenses.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicable cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicabile cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Calculate the amount of gain or loss recognized on the disposition of assets used in a trade or business.
  • Describe the general character types of gain or loss recognized on property dispositions.
  • Explain how interest income and divident income are taxed.
  • Compute the tax consequences associated with the disposition of capital assets, including the netting process for calculating gains and losses.
  • Discuss and explain the tax implications of compensation in the form of salary and wages from the employee's and employer's perspectives
  • Describe and distinguish the tax implications of various forms of equity-based compensation from the employer's and employee's perspectives.
  • Integrate the course concepts through interaction with other Learners and your Mentor.
  • Access information efficiently and effectively.
  • Evaluate information critically and competently.
Back


Upper Division Courses

ACT 2202 Tax Accounting I

Credits : 3

This course analyzes the determination of taxable income of individuals for federal income tax purposes. Emphasis is on all of the aspects of accounting that are necessary to complete the returns in accordance with federal income tax law.

Learning Outcomes:
  • Introduce self and describe course expectations
  • Demonstrate how taxes influence basic business, investment, personal, and political decisions.
  • Discuss what constitutes a tax and the general objectives of taxes.
  • Describe the different tax rate structures and calculate a tax.
  • Identify the various federal, state, and local taxes.
  • Apply appropriate criteria to evaluate alternate tax systems.
  • Identify the filing requirements for income tax returns and the statute of limitations for assessment.
  • Outline the IRS audit process, how returns are selected, the different types of audits, and what happens after the audit.
  • Evaluate the relative weights of the various tax law sources.
  • Perform the basic steps in tax research and evaluate various tax law sources when faced with ambiguous statutes.
  • Apply the concept of present value to tax planning
  • Apply the strategy of income shifting, provide examples, and describe its limitations.
  • Describe the formula for calculating an individual taxpayer’s taxes payable or refund and generally explain each formula component
  • Explain the requirements for determining a taxpayer’s personal and dependency exemptions
  • Apply the concept of realization and explain when taxpayers recognize gross income.
  • Understand the distinctions between the various sources of income, including income from services and property.
  • Identify the common deductions necessary for calculating adjusted gross income (AGI).
  • Describe the different types of itemized deductions available to individuals and compute itemized deductions.
  • Determine a taxpayer's regular tax liability and identify tax issues associated with the process.
  • Compute a taxpayer's alternative minimum tax liability and describe the tax characteristics of taxpayers most likely to owe the alternative minimum tax.
  • Describe the general requirements for deducting business expenses and identify common business deductions.
  • Apply the limitations on business deductions to distinguish between deductible and nondeductible business expenses.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicable cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicabile cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Calculate the amount of gain or loss recognized on the disposition of assets used in a trade or business.
  • Describe the general character types of gain or loss recognized on property dispositions.
  • Explain how interest income and divident income are taxed.
  • Compute the tax consequences associated with the disposition of capital assets, including the netting process for calculating gains and losses.
  • Discuss and explain the tax implications of compensation in the form of salary and wages from the employee's and employer's perspectives
  • Describe and distinguish the tax implications of various forms of equity-based compensation from the employer's and employee's perspectives.
  • Integrate the course concepts through interaction with other Learners and your Mentor.
  • Access information efficiently and effectively.
  • Evaluate information critically and competently.
Back


International Business Electives

Lower Division Courses

ACT 2202 Tax Accounting I

Credits : 3

This course analyzes the determination of taxable income of individuals for federal income tax purposes. Emphasis is on all of the aspects of accounting that are necessary to complete the returns in accordance with federal income tax law.

Learning Outcomes:
  • Introduce self and describe course expectations
  • Demonstrate how taxes influence basic business, investment, personal, and political decisions.
  • Discuss what constitutes a tax and the general objectives of taxes.
  • Describe the different tax rate structures and calculate a tax.
  • Identify the various federal, state, and local taxes.
  • Apply appropriate criteria to evaluate alternate tax systems.
  • Identify the filing requirements for income tax returns and the statute of limitations for assessment.
  • Outline the IRS audit process, how returns are selected, the different types of audits, and what happens after the audit.
  • Evaluate the relative weights of the various tax law sources.
  • Perform the basic steps in tax research and evaluate various tax law sources when faced with ambiguous statutes.
  • Apply the concept of present value to tax planning
  • Apply the strategy of income shifting, provide examples, and describe its limitations.
  • Describe the formula for calculating an individual taxpayer’s taxes payable or refund and generally explain each formula component
  • Explain the requirements for determining a taxpayer’s personal and dependency exemptions
  • Apply the concept of realization and explain when taxpayers recognize gross income.
  • Understand the distinctions between the various sources of income, including income from services and property.
  • Identify the common deductions necessary for calculating adjusted gross income (AGI).
  • Describe the different types of itemized deductions available to individuals and compute itemized deductions.
  • Determine a taxpayer's regular tax liability and identify tax issues associated with the process.
  • Compute a taxpayer's alternative minimum tax liability and describe the tax characteristics of taxpayers most likely to owe the alternative minimum tax.
  • Describe the general requirements for deducting business expenses and identify common business deductions.
  • Apply the limitations on business deductions to distinguish between deductible and nondeductible business expenses.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicable cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicabile cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Calculate the amount of gain or loss recognized on the disposition of assets used in a trade or business.
  • Describe the general character types of gain or loss recognized on property dispositions.
  • Explain how interest income and divident income are taxed.
  • Compute the tax consequences associated with the disposition of capital assets, including the netting process for calculating gains and losses.
  • Discuss and explain the tax implications of compensation in the form of salary and wages from the employee's and employer's perspectives
  • Describe and distinguish the tax implications of various forms of equity-based compensation from the employer's and employee's perspectives.
  • Integrate the course concepts through interaction with other Learners and your Mentor.
  • Access information efficiently and effectively.
  • Evaluate information critically and competently.
Back


Upper Division Courses

ACT 2202 Tax Accounting I

Credits : 3

This course analyzes the determination of taxable income of individuals for federal income tax purposes. Emphasis is on all of the aspects of accounting that are necessary to complete the returns in accordance with federal income tax law.

Learning Outcomes:
  • Introduce self and describe course expectations
  • Demonstrate how taxes influence basic business, investment, personal, and political decisions.
  • Discuss what constitutes a tax and the general objectives of taxes.
  • Describe the different tax rate structures and calculate a tax.
  • Identify the various federal, state, and local taxes.
  • Apply appropriate criteria to evaluate alternate tax systems.
  • Identify the filing requirements for income tax returns and the statute of limitations for assessment.
  • Outline the IRS audit process, how returns are selected, the different types of audits, and what happens after the audit.
  • Evaluate the relative weights of the various tax law sources.
  • Perform the basic steps in tax research and evaluate various tax law sources when faced with ambiguous statutes.
  • Apply the concept of present value to tax planning
  • Apply the strategy of income shifting, provide examples, and describe its limitations.
  • Describe the formula for calculating an individual taxpayer’s taxes payable or refund and generally explain each formula component
  • Explain the requirements for determining a taxpayer’s personal and dependency exemptions
  • Apply the concept of realization and explain when taxpayers recognize gross income.
  • Understand the distinctions between the various sources of income, including income from services and property.
  • Identify the common deductions necessary for calculating adjusted gross income (AGI).
  • Describe the different types of itemized deductions available to individuals and compute itemized deductions.
  • Determine a taxpayer's regular tax liability and identify tax issues associated with the process.
  • Compute a taxpayer's alternative minimum tax liability and describe the tax characteristics of taxpayers most likely to owe the alternative minimum tax.
  • Describe the general requirements for deducting business expenses and identify common business deductions.
  • Apply the limitations on business deductions to distinguish between deductible and nondeductible business expenses.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicable cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicabile cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Calculate the amount of gain or loss recognized on the disposition of assets used in a trade or business.
  • Describe the general character types of gain or loss recognized on property dispositions.
  • Explain how interest income and divident income are taxed.
  • Compute the tax consequences associated with the disposition of capital assets, including the netting process for calculating gains and losses.
  • Discuss and explain the tax implications of compensation in the form of salary and wages from the employee's and employer's perspectives
  • Describe and distinguish the tax implications of various forms of equity-based compensation from the employer's and employee's perspectives.
  • Integrate the course concepts through interaction with other Learners and your Mentor.
  • Access information efficiently and effectively.
  • Evaluate information critically and competently.
Back


Technology Electives

Lower Division Courses

ACT 2202 Tax Accounting I

Credits : 3

This course analyzes the determination of taxable income of individuals for federal income tax purposes. Emphasis is on all of the aspects of accounting that are necessary to complete the returns in accordance with federal income tax law.

Learning Outcomes:
  • Introduce self and describe course expectations
  • Demonstrate how taxes influence basic business, investment, personal, and political decisions.
  • Discuss what constitutes a tax and the general objectives of taxes.
  • Describe the different tax rate structures and calculate a tax.
  • Identify the various federal, state, and local taxes.
  • Apply appropriate criteria to evaluate alternate tax systems.
  • Identify the filing requirements for income tax returns and the statute of limitations for assessment.
  • Outline the IRS audit process, how returns are selected, the different types of audits, and what happens after the audit.
  • Evaluate the relative weights of the various tax law sources.
  • Perform the basic steps in tax research and evaluate various tax law sources when faced with ambiguous statutes.
  • Apply the concept of present value to tax planning
  • Apply the strategy of income shifting, provide examples, and describe its limitations.
  • Describe the formula for calculating an individual taxpayer’s taxes payable or refund and generally explain each formula component
  • Explain the requirements for determining a taxpayer’s personal and dependency exemptions
  • Apply the concept of realization and explain when taxpayers recognize gross income.
  • Understand the distinctions between the various sources of income, including income from services and property.
  • Identify the common deductions necessary for calculating adjusted gross income (AGI).
  • Describe the different types of itemized deductions available to individuals and compute itemized deductions.
  • Determine a taxpayer's regular tax liability and identify tax issues associated with the process.
  • Compute a taxpayer's alternative minimum tax liability and describe the tax characteristics of taxpayers most likely to owe the alternative minimum tax.
  • Describe the general requirements for deducting business expenses and identify common business deductions.
  • Apply the limitations on business deductions to distinguish between deductible and nondeductible business expenses.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicable cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicabile cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Calculate the amount of gain or loss recognized on the disposition of assets used in a trade or business.
  • Describe the general character types of gain or loss recognized on property dispositions.
  • Explain how interest income and divident income are taxed.
  • Compute the tax consequences associated with the disposition of capital assets, including the netting process for calculating gains and losses.
  • Discuss and explain the tax implications of compensation in the form of salary and wages from the employee's and employer's perspectives
  • Describe and distinguish the tax implications of various forms of equity-based compensation from the employer's and employee's perspectives.
  • Integrate the course concepts through interaction with other Learners and your Mentor.
  • Access information efficiently and effectively.
  • Evaluate information critically and competently.
Back


Upper Division Courses

ACT 2202 Tax Accounting I

Credits : 3

This course analyzes the determination of taxable income of individuals for federal income tax purposes. Emphasis is on all of the aspects of accounting that are necessary to complete the returns in accordance with federal income tax law.

Learning Outcomes:
  • Introduce self and describe course expectations
  • Demonstrate how taxes influence basic business, investment, personal, and political decisions.
  • Discuss what constitutes a tax and the general objectives of taxes.
  • Describe the different tax rate structures and calculate a tax.
  • Identify the various federal, state, and local taxes.
  • Apply appropriate criteria to evaluate alternate tax systems.
  • Identify the filing requirements for income tax returns and the statute of limitations for assessment.
  • Outline the IRS audit process, how returns are selected, the different types of audits, and what happens after the audit.
  • Evaluate the relative weights of the various tax law sources.
  • Perform the basic steps in tax research and evaluate various tax law sources when faced with ambiguous statutes.
  • Apply the concept of present value to tax planning
  • Apply the strategy of income shifting, provide examples, and describe its limitations.
  • Describe the formula for calculating an individual taxpayer’s taxes payable or refund and generally explain each formula component
  • Explain the requirements for determining a taxpayer’s personal and dependency exemptions
  • Apply the concept of realization and explain when taxpayers recognize gross income.
  • Understand the distinctions between the various sources of income, including income from services and property.
  • Identify the common deductions necessary for calculating adjusted gross income (AGI).
  • Describe the different types of itemized deductions available to individuals and compute itemized deductions.
  • Determine a taxpayer's regular tax liability and identify tax issues associated with the process.
  • Compute a taxpayer's alternative minimum tax liability and describe the tax characteristics of taxpayers most likely to owe the alternative minimum tax.
  • Describe the general requirements for deducting business expenses and identify common business deductions.
  • Apply the limitations on business deductions to distinguish between deductible and nondeductible business expenses.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicable cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Explain the concept of basis and adjusted basis and describe the cost recovery methods used under the tax law to recover the cost of personal property, real property, intangible assets, and natural resources.
  • Determine the applicabile cost recovery (depreciation) life, method, and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.
  • Calculate the amount of gain or loss recognized on the disposition of assets used in a trade or business.
  • Describe the general character types of gain or loss recognized on property dispositions.
  • Explain how interest income and divident income are taxed.
  • Compute the tax consequences associated with the disposition of capital assets, including the netting process for calculating gains and losses.
  • Discuss and explain the tax implications of compensation in the form of salary and wages from the employee's and employer's perspectives
  • Describe and distinguish the tax implications of various forms of equity-based compensation from the employer's and employee's perspectives.
  • Integrate the course concepts through interaction with other Learners and your Mentor.
  • Access information efficiently and effectively.
  • Evaluate information critically and competently.
Back


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