ACC 328 Taxation

This course includes a study of the concepts of U.S. income tax laws and their impact on decision-making, individual behavior, business activity, and society in general. The topics developed include: an understanding of the evolution of taxation concepts and the system employed in the United States, as well as the role of taxation as a source of revenue and a device to meet other governmental goals or objectives; an understanding of the concept of taxable income; an introduction to tax research. Basic provisions as they relate to gross income, deductions, credits and classification are discussed. Includes a designated accounting research component. (L10)