Taxation Concentration
The tax concentration is a challenging curriculum that prepares students for tax careers in public accounting, private industry, and governmental agencies. In addition to technical tax skills, students learn how to find answers to tax issues using web-based research services and, perhaps more importantly, how to communicate their research findings in writing and in oral presentations. Thus, the concentration seeks to develop the whole tax professional.
Students in the Taxation Concentration must take the following courses:
Fall Term
Accounting 507 - Financial Reporting Research and Contemporary Issues
Practice Theory and practice of contemporary financial reporting issues are covered with a heavy emphasis on researching the authoritative accounting literature. Specific contemporary issues covered vary each semester.
Prereq: Admission to MAcc program or consent of instructor.
Accounting 521 - Governmental, Not for Profit, and Management Accounting
Accounting principles and reporting models for governmental and not for profit organizations. Uses of management accounting information in decision making and performance evaluation.
Prereq: Admission to MAcc program or consent of instructor.
Accounting 530 - Tax Research, Accounting Practice, and Procedures
Methods of researching tax issues within the federal tax system with emphasis on
Internet-based research tools. Tax accounting periods and methods. Tax
procedures for dealing with the Internal Revenue Service. Tax practice standards
and ethical concerns.
Prereq: Admission to MAcc program or consent of instructor.
Accounting 531 - Tax Strategy, Tax Research, and Entity Taxation
Current issues in tax strategy including investment models, implicit taxes, tax arbitrage, organizational form, and other selected topics. Methods of researching tax issues within the U.S. federal tax system with emphasis on Web-based research tools. Income taxation of business entity operations.
Prereq: Admission to MAcc program or consent of instructor.
Spring Term
Accounting 532 - Corporate Taxation and Reorganizations
Current issues in corporate taxation including organization and capital structure, distributions, liquidations, acquisitions, and reorganizations. Course emphasizes group projects and presentations. Web-based research tools used extensively.
Prerequisite or corequisite: Accounting 531 and admission to the MAcc program.
Accounting 533 - Taxation of Partnerships and S Corporations
Current issues in partnership and S corporation taxation including partnership formation, operations, allocations, and distributions; LLCs; S corporation election and operations; and comparisons of different flow-through entities. Course emphasizes group projects and presentations. Web-based research tools used extensively.
Prerequisite or corequisite: Accounting 531 and admission to the MAcc program.
Accounting 593 - Consolidations
Business Administration 522 - Business Core for Master of Accountancy
Summer Term
Accounting 539 - Multi-Jurisdictional Tax Planning and Policy
International and state tax law as it pertains to business transactions. Particular emphasis is placed on identifying tax planning opportunities and designing tax strategies to meet planning objectives.
Prereq: Accounting 431 and admission to the MAcc program.