TAX 602 - Tax Accounting

3 Credit(s)

This course focuses on accounting issues relevant to tax practitioners. Traditional topics such as changes in accounting methods, accounting periods, and installment sales are covered. New topic areas include accounting for income taxes (interperiod tax allocation), financial statement analysis, expanded coverage of cost recovery concepts and depreciation recapture, and discussion of the Original Issue Discount (OID) rules.
Prerequisite(s): None. An undergraduate tax course is recommended.