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Dec 04, 2024
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ACC 266 - Tax Accounting
Course Department: Business
Last Date of Approval: Fall 2022
3 Credits
Total Lecture Hours: 45
Total Lab Hours: 0
Total Clinical Hours: 0
Total Work-Based Experience Hours: 0
Course Description:
This course introduces the federal tax structure, the federal revenue system, business and non-business income and deductions, tax credits, and capital gains and losses as they relate to individual income tax preparation.
Prerequisites/Corequisites: ACC 111 - Intro to Accounting or ACC 142 - Financial Accounting
Mode(s) of Instruction: traditional/face-to-face, and/or online
Credit for Prior Learning: There are no Credit for Prior Learning opportunities for this course.
Course Fees: There is a $124.99 course fee which includes all courses that utilize the Cengage products.
Common Course Assessment(s): None
Student Learning Outcomes and Objectives:
- Understand the laws governing individual income tax/small business.
- Demonstrate competency in individual income tax by preparation of an individual income tax return.
- Describe the contents of the individual income tax return
- Calculate gross income
- Analyze business income/expense
- Identify and calculate itemized deductions
- Describe the tax credits and special taxes.
- Compute capital gains/losses
- Communicate to clients the results of research and calculations
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