ACCY 659

Tax Accounting Methods and Periods

Study of timing issues related to federal income taxation including adoption of changes in accounting periods, cash, accrual, and installment methods of accounting, and tax consequences of changing accounting methods. Study of other common law doctrines involving transactional concepts including claim of right, tax benefit, and duty of consistency. Study of tax policy as it relates to fairness, economic growth, simplicity, enforcement, and review of various tax reform alternatives

Units: 3.0