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Undergraduate Courses

ACG 2021C, Introduction to Financial Accounting
ACG 2071, Introduction to Managerial Accounting
ACG 3481, Accounting Information and Business Processes I
ACG 3482C, Accounting Information and Business Processes II
ACG 3802, Professional Speaker Series
ACG 4133C, Financial Accounting
ACG 4352C, Cost and Managerial Accounting
ACG 5637, Auditing 1
TAX 5005, Federal Income Tax

Graduate Courses

ACG 5005, Financial Accounting (MBA Only)
ACG 5075, Managerial Accounting (MBA Only)
ACG 5226, Mergers and Acquisitions and Consolidated Statements
ACG 5505, Financial Reporting for Governmental and Not-for-Profit Organizations
ACG 5815, Accounting Institutions and Professional Literature
ACG 6136, Accounting Concepts and Financial Reporting
ACG 6207, Accounting Issues in Financial Risk Management
ACG 6255, International Accounting Issues
ACG 6387, Strategic Costing
ACG 6635, Issues in Audit Practice
ACG 6657, Auditing and Corporate Governance
ACG 6695, Computer Assurance and Control
ACG 6888, Foundations of Measurement
TAX 5065, Professional Tax Research
TAX 6015, Taxation of Business Entities I
TAX 6016, Taxation of Business Entities II
TAX 6017, Taxation of Business Entities III
TAX 6526, Advanced International Taxation
TAX 6726, Executive Tax Planning
TAX 6877, Multijurisdictional Taxation

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ACG 2021C, Introduction to Financial Accounting

Credits: 4

Prerequisite: sophomore standing

Catalog Description: Conceptual introduction to financial accounting. Emphasis is placed on wealth and income measurement, and the preparation and interpretation of conventional financial statements.

Top of PageACG 2071, Introduction to Managerial Accounting

Credits: 3

Prerequisite: ACG 2021C

Catalog Description: Accounting for cost reporting and control. Reports, statements and analytical tools used by management. Not required for accounting majors.

Top of PageACG 3481, Accounting Information and Business Processes I

Credits: 3

Format: 3 hours of formal class time devoted to lectures and cases

Catalog Description: First of a two-course sequence which examines the generation, dissemination and utilization of accounting information in a business organization. The course is structured around the business processes of such organization. Coverage extends over topics in the traditional areas of financial accounting, management accounting, and systems.

Prerequisite: "B" grade or better in ACG 2021C

Class Sessions: The course will be conducted using the traditional lecture format. The course sessions would include extensive use of problem solving exercises and cases.

Sample Topic Outline:

1. Introduction 2. Financial Accounting and Standards 3. Managerial Accounting 4. Sales and Service Customer Management: 5. Supply Chain and Production Management:

Top of PageACG 3482C, Accounting Information and Business Processes II

Credits: 4

Format: 3 hours of formal class time under a large, lecture class format; 1-2 hours of tutorial/laboratory sessions in small classes.

Catalog Description: Second of a two-course sequence which examines the generation, dissemination and utilization of accounting information in a business organization. The course is structured around the business processes of such organization, and coverage extends over topics in the traditional areas of financial accounting, management accounting, and systems.

Prerequisite: "C" grade or better in ACG 3481

Class Sessions: The course will be conducted using the traditional lecture format, although they would include extensive use of problem solving exercises. Laboratory sessions encompass assignments (both group and individual and both in-class and take-home), quizzes and instruction.

Sample Topic Outline:

1. Supply Chain and Production Management Process (continued): 2. Facility Management 3. Human Resource Management 4. Knowledge Management 5. Financial Management

Top of PageACG 3802, Professional Speaker Series

Description: To expose students to technical topics and emerging issues in accounting, business, and in related professions such as law. The course will also address career opportunities in the practice of public accounting, industry, financial services, government, and in business more generally.

Course Format: The course will be delivered by guest speakers discussing topics of professional interest. Most of these presentations will provide a practicing professional's insights regarding technical issues and concerns affecting the accounting profession. Some sessions will relate to professional career planning, and the speakers will discuss various specialty areas, unusual occupations, unique firm practice structures, or non-traditional career opportunities.

The course will consist of nine meetings. The first meeting will be an orientation. During the remainder of the semester, students will attend seven two-hour sessions. Each presentation will last approximately 60 minutes and be followed by a 15 to 30 minute question and answer period. A reception will follow during which time the students can interact one-on-one with the speaker and his or her associates. The last meeting of the course will be a summary session where the students will be required to complete an exit survey.

Objectives: Upon completion of this course, students will:

• Be familiar with the ideas of professionals who are leaders in their fields.
• Be able to discuss emerging issues in accounting, business, and related professions.
• Recognize the diverse set of career possibilities that are available to individuals with an accounting education and experience.

Credit and Grading: One credit. The course may not be repeated for additional credit. The course may only be completed only using the satisfactory/unsatisfactory grading method.

Prerequisite: None. Open to all majors.

Course Materials: None. Speakers may provide course materials to supplement their presentation.

Performance Evaluation: Course grades are satisfactory or unsatisfactory. Documented attendance at six of the seven speaker events and completion of the exit survey will constitute a satisfactory grade.

Top of PageACG 4133C, Financial Accounting

Credits: 4

Format: 3 hours of formal lecture class time and 1-2 hours of laboratory/tutorial class time.

Catalog Description: Extends coverage of accounting for assets, equity, and liabilities beyond that covered in ACG 3481 and 3482C. Topics also include revenue recognition, income taxes, accounting changes, statement of cash flows, and earnings per share.

Prerequisite: "C" grade or better in ACG 3482C (Accounting Information and Business Processes II) and FIN 3403 (Business Finance)

Sample Topic Outline:

1. Revenue Recognition
2. Advanced Asset Topics: 3. Advanced Equity Topics: 4. Advanced Liability Topics:
5. Accounting for Income Taxes
6. Advanced Investments - derivatives, business combinations, international
7. Accounting Changes
8. Earnings per Share
9. Statement of Cash Flows

Top of PageACG 4352C, Cost and Managerial Accounting

Credits: 4

Format: 3 hours of formal lecture class time and 1-2 hours of laboratory/tutorial class time.

Catalog Description: Extends cost and managerial coverage beyond that covered in ACG 3481 (Accounting Information and Business Processes I) and 3482C (Accounting Information and Business Processes II). Topics include activity based costing and management, budgeting, flexible budgets, standard costing, inventory management, transfer pricing, performance evaluations, and decision-making.

Prerequisite: "C" grade or better in ACG 3482C (Accounting Information and Business Processes II), QMB 3250, MAC 2234.

Co-requisite: ECP 3703

Sample Topic Outline:

1. Cost Behavior
2. Activity-Based Costing and Management
3. Budgeting and Responsibility Accounting
4. Flexible Budgets and Variance Analysis
5. Standard Costing and Variance Analysis
6. Relevant Costs and Revenues
7. Pricing Decisions
8. Inventory Management
9. Managing Quality, Time and Constraints
10. Transfer Pricing
11. Performance Evaluation/Compensation
12. Balanced Scorecard and Nonfinancial Performance Measures

Top of PageACG 5637, Auditing 1

Credits: 3

Format: 3 hours of formal classroom devoted to lectures and cases.

Catalog Description: Introduction to auditing and assurance services. Decision making process research and auditing standards and procedures with an emphasis upon ethics, legal liability, internal control, audit evidence, testing, and an introduction to statistical sampling and EDP auditing.

Prerequisite: "C" grade or better in ACG 4133C (Financial Accounting), and ACG 4352C (Cost and Managerial Accounting), AC standing.

Sample Topic Outline:

1. Overview of Assurance Services
2. Overview of Financial Statement Auditing
3. Client Acceptance and Initial Engagement Planning
4. Understanding the Client's Business: Strategic Analysis
5. Process Analysis and Risk Assessment
6. Evaluating Internal Process Controls
7. Business Measurement and Analytical Evidence
8. Planning the Audit of Financial Statement Assertion
9. Auditing Marketing, Sales, and Distribution
10. Auditing Supply Chain and Production
11. Auditing Resource Management
12. Completing the Audit and Reporting
13. Auditor Decision Making

Top of PageTAX 5005, Federal Income Tax

Credits: 3

Format: 3 hours of formal class time devoted to lectures and cases.

Catalog Description: Concepts and applications for all types of taxpayers. Influence of taxation or economic decisions, basic statutory provisions relevant to determining taxable gross income, allowable deductions, tax computations, recognition or nonrecognition of gains or losses on property transactions, and characterization of gains and losses.

Prerequisite: "C" grade or better in ACG 3482C (Accounting Information and Business Processes II), AC standing.

Sample Topic Outline:

1. Introduction and Overview of Tax Computation
2. Gross Income
3. Specific Inclusions and Specific Exclusions from Gross Income
4. Introduction to Property Transaction
5. Determination of Gain or Loss
6. Deductions: 7. Basic Tax Computations: Individuals and Corporations
8. Special Methods for Computing Taxes; Tax Credits
9. NonTaxable Transactions: 10. Mechanics of Capital Gains and Losses
11. Special Characterization Rules

Top of PageACG 5005, Financial Accounting (not available for accounting students)

Credits: 2

Catalog Description: Introduction for prospective managers. Primary emphasis on financial reporting and analysis.

Top of PageACG 5075, Managerial Accounting (not available for accounting students)

Credits: 2

Prerequisite: ACG 5005

Catalog Description: Introduction for prospective managers. Primary emphasis on management control systems.

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ACG 5226, Mergers and Acquisitions and Consolidated Statements

Credits: 2

Format: Formal class time devoted to lectures, discussions, and cases

Catalog Description: This course examines accounting and financial statement reporting of business combinations, the equity method of accounting for investments in stocks and the issues concerning consolidated financial statements.

Prerequisite: Financial Accounting (ACG 4133C), 7AC standing

Sample Topic Outline:

1. Accounting for asset and stock acquisitions 2. Investor accounting for equity method investments 3. Consolidated statements at date of acquisition 4. Consolidated statements subsequent to the date of acquisition 5. Intercompany transactions 6. Changes in ownership 7. Foreign currency transactions and consolidation of foreign entities

Top of Page ACG 5505, Financial Reporting for Governmental and Not-for-Profit Organizations

Credits: 2

Format: Formal class time devoted to lectures, discussions, and cases

Catalog Description: This course examines accounting and financial statement reporting by state and local governmental organizations and not-for-profit entities.

Prerequisite: ACG 4133C and 7AC standing

Sample Topic Outline:

1. Governmental Accounting Standards Board conceptual framework
2. Accounting and reporting by government funds 3. Proprietary Funds 4. Fiduciary Funds 5. Government-Wide Financial Statements
6. Accounting and Reporting by Not-for-Profit Entities

Top of PageACG 5815, Accounting Institutions and Professional Literature

Credits: 2

Format: Formal class time devoted to lectures and student case presentations.

Catalog Description: This course examines private and public sector accounting institutions and their respective professional literature. Research techniques for addressing accounting issues are emphasized through case assignments.

Prerequisite: Financial Accounting (ACG 4133C), Auditing 1 (ACG 5637), 7AC standing

Sample Topic Outline:

1. Professional research and GAAP overview
2. Professional research techniques
3. Techniques of writing professional research papers
4. Research databases 5. Case research and presentations

Top of PageACG 6136, Accounting Concepts and Financial Reporting

Credits: 2

Format: Class time is devoted to (interactive) lectures and student presentations of selected topics.

Catalog Description: This course examines the various theoretical frameworks that are essential to explore the structure, the features, and the limitations of accounting and financial reporting. Study of theoretical concepts as well as research articles in journals are emphasized.

Prerequisite: Accounting Institutions and Professional Literature (ACG 5815), 7AC standing

Sample Topic Outline: (depending on time allotted)

1. Overall frameworks and trends in accounting theory
2. Historical search for accounting principles
3. FASB's Conceptual Framework (all SFAC's)
4. Valuation under ideal conditions (Hicksian income)
5. Decision-usefulness approach of financial reporting
6. Empirical methods and financial accounting research
7. Implications of efficient-markets-hypothesis for accounting
8. Research on information perspective
9. Fundamental analysis and the measurement perspective
10. Economic consequences of accounting policy choice
11. Positive accounting theory of contracts
12. Agency theory (compensation contracts and lending contracts)
13. Theory and research on earnings management
14. Theory and research on intangible assets and non-financial information
15. Regulation theories and standard setting

Top of PageACG 6207, Accounting Issues in Financial Risk Management

Credits: 2

Format: Formal class time devoted to lecture, discussion, and cases.

Catalog Description: This course provides an overview of risk management, financial instruments used in the management of risk, and the related accounting issues and practices.

Prerequisite: Accounting Institutions and Professional Literature (ACG 5815), Mergers and Acquisitions and Consolidated Statements (ACG 5226), 7AC standing

Sample Topic Outline:

1. Overview of risk management 2. Financial Instruments 3. The intricacies of SFAS 133 "Accounting for Derivative Instruments and Hedging Activities"

Top of PageACG 6255, International Accounting Issues

Credits: 2

Format: Formal class time devoted to lecture, discussion, and cases

Catalog Description: This course provides an overview of international accounting and financial reporting practices in foreign jurisdictions and comparisons of the financial reporting requirements between the United States and selected foreign countries.

Prerequisite: Accounting Institutions and Professional Literature (ACG 5815), Mergers, Acquisitions and Consolidated Statements (ACG 5226), 7AC standing

Sample Topic Outline:

1. An International Perspective on Financial Accounting 2. Diversity in Financial Reporting Across Nations 3. Harmonization of Accounting Standards—overview of foreign accounting organizations and effects on reducing the divergence of accounting standards across nations 4. Financial Reporting in the International Environment 5. Disclosure Practices Around the World 6. International Financial Statement Analysis

Top of PageACG 6387, Strategic Costing

Credits: 2

Format: 2 hours of formal class time devoted to lectures, discussion, and presentations.

Catalog Description: Strategic view of the design and use of an organization's internal accounting system.

Prerequisite: UF graduate student

Sample Topic Outline:

1. Economic Cost
2. Accounting Cost
3. Accounting Product Cost
4. Cost Allocation
5. Internal Control
6. Decision Training
7. Strategic Considerations
8. Evaluation
9. Scientific Evidence

Top of PageACG 6635, Issues in Audit Practice

Credits: 2

Format: 2 hours of formal class devoted to lectures and cases.

Catalog Description: This course provides in-depth discussion of the fundamental concepts underlying audit practice, including introduction to current topics in auditing, advanced audit methods and trends in auditing practice.

Prerequisite: Accounting Institutions and Professional Literature (ACG 5815) and Mergers and Acquisitions and Consolidated Statements (ACG 5226), 7AC standing

Sample Topic Outline:

1. Audit Judgment

Knechel, W.R. "Behavioral Research in Auditing and Its Impact on Audit Education". Issues in Accounting Education (November 2000): 695-712
Ashton, R. "An Empirical Study of Internal Control Judgments". Journal of Accounting Research (Spring 1974): 143-157
Tubbs, R. Messier W. and W.R. Knechel. "Recency Effects in the Auditor's Belief-Revision Process". The Accounting Review (April 1990): 453-460.
Tropman, K. "Auditing Judgment Research - Issues Addressed, Research Methods and Future Directions". Accounting and Finance (November 1998).

2. Analytical Procedures

3. Business Risk Auditing

Hackenbrack, K. and W.R. Knechel. "Resource Allocation Decisions in Audit Engagements". Contemporary Accounting Research (Fall 1997): 481-499.
Eilifsen, A., W.R. Knechel and P. Wallage. "Application of the Business Risk Audit Model: A Field Study". Accounting Horizons (September 2001): 193-208.
Report of the Panel on Audit Effectiveness

4. Bankruptcy Prediction Models

5. Forensic Auditing

Preventing fraud
Promoting an ethical environment
Computer security
Asset misappropriation
Fraud by external parties
Crisis management

6. Audit Reporting

Top of PageACG 6657, Auditing and Corporate Governance

Credits: 2

Format: 2 hours of formal class devoted to lectures and cases.

Catalog Description: This course introduces students to concepts of corporate governance including regulation and practice. The course provides an overview of corporate governance mechanisms and introduces the economic foundation for auditing; discusses the linkages between governance, risk management and assurance; and highlights the essential attributes of auditing such as independence.

Prerequisite: Accounting Institutions and Professional Literature (ACG 5815) and Mergers and Acquisitions and Consolidated Statements (ACG 5226), 7AC standing

Sample Topic Outline:

1. Economics of Auditing

Wallace (1981), "The Economic Role of the Audit in Free and Regulated Markets".
Elliott, R.K. "The Future of Audits". Journal of Accountancy (September 1994): 74-82.
Chow, C.W. "The Demand for External Auditing: Size, Debt and Ownership Influences". The Accounting Review (April 1982): 272-292.
Hay, D. and W.R. Knechel. "Evidence on the Association Among Elements of Control and External Assurance".
Simunic, D. "The Pricing of Audit Services". Journal of Accounting Research (Spring 1980): 161-190.
Francis, J.R. and E.R. Wilson. "Auditor Changes: A Joint Test of Theories Relating to Agency Costs and Auditor Differentiation". The Accounting Review (October 1988): 663-682.

2. Risk Management and Assurance

Knechel, W.R. "The Role of the Independent Accountant in Effective Risk Management".
Wallage, P. "Assurance on Sustainability Reporting: An Auditor's View". Auditing: A Journal of Practice & Theory (Supplement 2000): 53-65.
Delfgaauw, T. "Reporting on Sustainable Development: A Preparer's View". Auditing: A Journal of Practice & Theory (Supplement 2000): 67-74.
Hunton, J.E., T. Benford, V. Arnold, and S. Sutton. "The Impact of Electronic Commerce Assurance on Financial Analysts' Earnings and Stock Price Forecasts". Auditing: A Journal of Practice & Theory (Supplement 2000): 5-22.

3. Independence

The Code of Professional Conduct: Rule 101 and related Interpretations.
Kinney, W.R., Jr. "Auditor Independence: A Burdensome Constraint or a Core Value?". Accounting Horizons (March 1999): 69-75.
Carmichael, D. "Auditing Independence in Theory and Practice: A Case Study Approach".
Simunic, D. "Auditing, Consulting and Auditor Independence". Journal of Accounting Research (Autumn 1984): 679-702.
Simon, D.T. and J.R. Francis. "The Effects of Auditor Change on Audit Fees: Tests of Price Cutting and Price Recovery". The Accounting Review (April 1988): 255-269.
Casterella, J., W.R. Knechel and P. Walker. "The Relationship of Audit Failures and Auditor Tenure".
Jeppesen, K. "Reinventing Auditing redefining consulting and independence". European Accounting Review, 1998, 7(3): 517-539.

4. Corporate Governance

NYSE Blue Ribbon Commission Report.
Sarbannes-Oxley Act of 2002.
Beasley, M.S. "An Empirical Analysis of the Relation Between the Board of Director Composition and Financial Statement Fraud". Accounting Review (October 1996): 443-465.
McMullen, D.A. (1996) Audit committee performance: an investigation of the consequences associated with audit committees. Auditing: Journal of Practice & Theory, 15(1), pp. 87-103.
Turley, S. and M. Zaman (2001) "Corporate Governance Effects of Audit Committees: An Evaluation of the International Evidence".
Turley, S. and M. Zaman (2001) "The Operation and Impact of Corporate Audit Committees: A Case Study Approach". Sarbanes-Oxley Act 2002.

5. Evaluating Quality of Earnings and Earnings Management

Dechow, P.M., Sloan, R.G. and A.P. Sweeney. "Causes and consequences of earnings manipulation: an analysis of firms subject to enforcement actions by the SEC". Contemporary Accounting Research (Spring 1996): 1-36.
Peasnell, K.V., Pope, P. and Young, S. (2000) Accrual management to meet earnings targets: UK evidence pre- and post Cadbury. British Accounting Review, 32(December), pp. 415-445.
Beasley, M.S., Carcello, J.V., Hermanson, D.R. and Lapides, P.D. (2000) Fraudulent financial reporting: consideration of industry traits and corporate governance mechanisms. Accounting Horizons, 14(4), pp. 441-454.

6. Operational and Internal Auditing

Scope of internal auditing
Professional standards
Contribution to financial reporting
Compliance audits
Performance audits

Top of PageACG 6695, Computer Assurance and Control

Credits: 2

Format: 2 hours of formal class devoted to lectures and cases.

Catalog Description: This course introduces the concepts of risk, control and assurance in environments with advanced information technology. The course also covers technology based audit tools and techniques.

Prerequisite: Auditing 1 (ACG 5637), 7AC standing

Sample Topic Outline:

1. Understanding Risk, Control and Assurance in a Computerized Environment
2. The Impact of Computer Operations on an Organization
3. Data Management Systems
4. System Development and Maintenance
5. E-Commerce Systems
6. Computer Assisted Audit Tools and Techniques
7. Fraud and Forensic Auditing
8. Auditing the Revenue Cycle

Top of PageACG 6888, Foundations of Measurement

Credits: 2

Format: Formal class time devoted to lectures and discussion.

Catalog Description: This course deals with the foundation of measurement: whether a measure exists, uniqueness properties if it does exist, and implementation issues. Topics covered include measures of income, of value, of preference and of risk.

Prerequisite: UF graduate student

Sample Topic Outline:

1. Introduction: numerical representation, connections to statistical analysis
2. Basic ideas: ordinal measurement, existence, uniqueness, statistical analysis and meaningfulness
3. Additive representations, basic structure, accounting valuation, balanced scorecard
4. Continued: national income measurement and productivity measurement
5. Expected utility representation

Top of PageTAX 5065, Professional Tax Research

Credits: 2

Format: Formal class time devoted to discussions and student case presentations

Catalog Description: This course introduces students to the use of professional tax literature and technology for problem solving. The course is case-based to give experience in dealing with unstructured situations encountered in professional tax practice where both problem identification and resolution are emphasized.

Prerequisite: Federal Income Tax (TAX 5005), 7AC standing

Sample Topic Outline:

1. Professional tax research overview
2. Sources of tax law
3. Professional tax research techniques
4. Tax research databases 5. Case research and student presentations

Top of PageTAX 6015, Taxation of Business Entities I

Credits: 2

Format: Formal class time devoted to lectures and cases

Catalog Description: This is the first of a three-course sequence that examines the taxation of corporations, S corporations, partnerships and other business entities. This course covers the taxation of various business entities at formation. In addition to basic taxation of business entities, these courses emphasize tax planning and comparisons of taxation across entity forms.

Prerequisite: Tax Professional Research (TAX 5065), 7AC standing

Sample Topic Outline:

1. Introduction to Business Entities 2. Taxation of formation of business 3. Basis of ownership interest 4. Taxation of simple operations 5. Alternative minimum tax

Top of PageTAX 6016, Taxation of Business Entities II

Credits: 2

Format: Formal class time devoted to lectures and cases.

Catalog Description: This is the second of a three-course sequence that examines the taxation of corporations, S corporations, partnerships and other business entities. The sequence covers the taxation of various business entities from formation through dissolution. In addition to basic taxation of business entities, these courses emphasize tax planning and comparisons of taxation across entity forms.

Prerequisite: Taxation of Business Entities I (TAX 6015), 7AC standing

Sample Topic Outline:

1. Special topics in taxation of income 2. Consolidated tax returns 3. Distributions from ongoing businesses 4. Losses

Top of PageTAX 6017, Taxation of Business Entities III

Credits: 2

Format: Formal class time devoted to lectures and cases.

Catalog Description: This is the third of a three-course sequence that examines the taxation of corporations, S corporations, partnerships and other business entities. The sequence covers the taxation of various business entities from formation through dissolution. In addition to basic taxation of business entities, these courses emphasize tax planning and comparisons of taxation across entity forms.

Prerequisite: Taxation of Business Entities II (TAX 6016), 7AC standing

Sample Topic Outline:

1. Partnership mergers and divisions
2. Corporate mergers and acquisition
3. Corporate divisions
4. Tax attribute transfers and carryovers
5. Sales and exchanges of entity interests
6. Termination of a partnership
7. Termination of an S corporation election
8. Termination of a corporation
9. Worthless stock

Top of PageTAX 6526, Advanced International Taxation

Credits: 2

Format: Formal class time devoted to lecture, discussion, and case studies.

Catalog Description: This course expands on the introduction to international tax and addresses the more complex international tax concepts encountered by U.S. multinationals operating abroad. The course also addresses the U.S. taxation of foreign persons with U.S. activities.

Prerequisite: Tax Research (TAX 5065), 7AC standing

Sample Topic Outline:

1. Review of international income taxation principles
2. Tax issues in global expansion
3. Structuring foreign operations
4. Transfer pricing
5. Tax Treaties
6. Foreign currency issues
7. Cross-border mergers & acquisitions
8. Advanced controlled foreign corporation and Subpart F regime
9. Advanced foreign tax credit regime
10. Repatriation planning
11. Managing the multinational firm's effective tax rate (including GAAP ETR)
12. Taxation of foreign persons with U.S. activities

Top of PageTAX 6726, Executive Tax Planning

Credits: 2

Format: Formal class time devoted to class discussions and student case presentations.

Catalog Description: This course examines the unique economic and tax planning scenarios faced by highly-compensated executives throughout their working life and as they face retirement and death.

Prerequisite: Tax Professional Research (TAX 5065), 7AC standing

Sample Topic Outline:

1. Employment Related Benefits 2. Estate Planning for Executives 3. Terminating Business Ownership at Retirement 4. Investment Planning for Retirees 5. Special Situations

Top of PageTAX 6877, Multijurisdictional Taxation

Credits: 2

Format: Formal class time devoted to lecture, discussion, and case studies.

Catalog Description: This course introduces the tax issues involved when business enterprises operate in multiple taxing jurisdictions. The course addresses principles of both multi-state and international income taxation (and their overlap).

Prerequisite: Professional Tax Research (TAX 5065), 7AC standing

Sample Topic Outline:

1. Framework 2. Effective Tax Rate Implications (Tax and Financial Reporting)
3. State Income Taxation 4. International Income Taxation 5. Multijurisdictional Tax Planning Concepts