ACC 315 - Tax Accounting I (3)

Prerequisite: ACC 204 with a C- or higher or permission

This course introduces the general theory and procedures of federal income taxation and studies the application of tax laws regarding individual taxpayers. Upon completion of this course, students will be able to: 1) Describe and identify the determinants of taxable income under US tax laws regarding individual taxpayers; 2) Identify permitted statutory exclusions and deductions under US tax laws regarding individual taxpayers; 3) Analyze various tax situations and recognize the income tax ramifications.