Course Description
Tax structure and tax principles. Accounting principles and procedures related to tax accounting. Application of tax and accounting principles to specific problems. Prerequisite: Grade of C or better in ACC 318 or FIN 410.
Syllabus
Student Learning Outcomes, Goals, Objectives:
Students successfully completing this course will be able to:
- Provide a basic knowledge of tax structure and the fundamental skills for decision making regarding tax compliance and planning at the individual taxpayer level.
- Read and discuss the required assignments including the IRC and Regulations listed in the texts.
- Prepare written solutions to problem and case assignments.
- Review problems, cases, and related law.
Course Grading Information:
| Activity/Performance Measure | Percentage/Points |
|---|---|
| Midterm Exam 1 | 20% |
| Midterm Exam 2 | 20% |
| Final Exam (Comprehensive) | 20% |
| Tax Research Projects (2 – 420; 3 - 602) | 10% |
| Tax Return Projects (2 – 420; 3 - 602) | 10% |
| Homework (5 points are for completing course eval) and required statements | 20% |
ACC 420
Grading Scale
| Percentage | Letter Grade |
|---|---|
| 93.0 – 100% | A |
| 90.0 – 92.9% | A- |
| 87.0 – 89.9% | B+ |
| 83.0 – 86.9% | B |
| 80.0 – 82.9% | B- |
| 77.0 – 79.9% | C+ |
| 73.0 – 76.9% | C |
| 70.0 – 72.9% | C- |
| 67.0 – 69.9% | D+ |
| 63.0 – 66.9% | D |
| 60.0 – 62.9% | D- |
| Below 60% | F |
Attendance/Participation:
Students are expected to take the exams as scheduled. If you have an emergency, you must notify the instructor before the exam, and only university excused absences will be accepted. Verification of the emergency is required before a make-up will be scheduled.
Illness and religious holidays are university excused absences. Please follow the university guidance related to these.
Homework is required and will be completed in the MyAccountingLab system. Required statements must be uploaded at the end of each 4 chapters attesting to having watched the videos of the live in-person sessions posted weekly.
Late work will not be accepted.
Course Materials Purchased by the Students:
- Prentice Hall’s Federal Taxation 2026 Comprehensive With MyAccountingLab (accessed through the First Day program in Canvas at a discounted price; not recommended to opt out)
- Tax Preparation software for 2024 returns (optional) - any package such as Turbo Tax, H&R Block At Home, or Tax Act (Federal only, basic package)
Scholarly Perspectives
This course engages diverse scholarly perspectives to develop critical thinking, analysis, and debate and inclusion of a reading does not imply endorsement.