STUDENT SYLLABUS. A. Demonstrate knowledge of federal taxation of individuals Corporations, partnerships, estates and trusts.

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1 University of Bridgeport Ernest C. Trefz School of Business ACCT 656 Advanced Accounting Regulations Profs. Kohn/Witlin/Harmon STUDENT SYLLABUS COURSE DESCRIPTION This course provides the required knowledge for accountants in federal taxation and business law. The curriculum provides a working knowledge of federal taxation of individuals, corporations, partnerships, estates and trusts. It covers the concepts of business law, debtorcreditor relationships, government securities acts, employment regulations and environmental regulations. It also provides knowledge of professional and legal responsibilities including professional conduct of accountants. The course curriculum includes all of the CPA exam materials. Prerequisite: undergraduate degree and accounting courses to qualify to sit for the CPA exam. 3 semester credits Learning objectives/outcomes To provide the student with the ability to perform professional auditing and acquire current knowledge for the Certified Public Accounting exam. By the end of the course the student should be able to: A. Demonstrate knowledge of federal taxation of individuals Corporations, partnerships, estates and trusts. B. Government regulation of business including the federal securities acts, employment regulations, and environment regulations. C. Demonstrate knowledge of professional and legal responsibilities including professional conduct. Requirements to take the course: 1. Undergraduate degree in Accounting or able to meet the CPA requirements of Connecticut to sit for the CPA exam. 2. Permission by the professor and administration to take the course. As a UB policy, it is expected that each student that attends one hour of classroom instruction will require a minimum of two hours of out of class student work each week for approximately fifteen weeks for one semester.

2 Required Textbook: Bisk, N., JD. CPA, Regulation, 43rd Edition, 2014, Bisk Education CM Review, ISBN# Recommended Textbooks: 1. CCH Federal Tax Study Manual 2014 by Edward C. Foth. Publisher: CCH. ISBN: CCH Federal Taxation Comprehensive Topics By Smith, Harinelink and Hasselback. Publisher: ISBN Business Law and the Legal Environment, Standard Edition, 6" Edition Jeffrey F. Beatty-Boston University, Susan S. Samuelson- Boston University, ISBN- 10: ISBN-13: CCH Federal Taxation Basic Principles 2014, By Smith, Hannelink and Hasselback. Publisher: CCII ISBN Grading 10% Weekly Exams 40% Cumulative Exams 25% Final Exams 25% Grading Scale: A A- B+ B B- C+ C Integrity No plagiarism or cheating on the exams and home works will be tolerated. Students are required to prepare individually. It is the student's responsibility to familiarize himself or herself with and adhere to the standards set forth in the policies on cheating anti plagiarism as defined in Chapter 2 and 5 of the Key to UB or in the appropriate graduate program handbook.

3 August 26, 2014 CHAPTER 1 CONTRACTS I. Overview II. Contract Elements III. Written Contract Interpretation IV. Lacking Actual Assent V. Third-Party Beneficiary Contracts Vl. Discharge VII. Remedies for Breach Book multiple choice exam anti problems - real und solve Online Multiple choice test and problems - submit CHAPTER 2: SALES I. Overview II. Title of Goods III. Risk of Loss IV. Warranties V. Performance VI. Remedies for Breach VII. Product Liability Book multiple choice exam and problems - read and solve Online Multiple choice test and problems - submit Hot Spots for extra help Read Chapter 3 September 2 CHAPTER 3 NEGOTIABLE INSTRUMENTS & DOCUMENTS OF TITLE I. Negotiable Instruments II. Negotiability Requirements III. Issue and Negotiation IV. Holder in Due Course (HDC)

4 V. Defenses VI. Presentment, Dishonor & Notice of Dishonor VII. Parties' Liability VIII. Liability Discharge IX. Documents of Title Book multiple choice exam and Problems - real and solve Hot Spots tor extra help Read Chapter 4 Weekly Review 1 week September 9 CHAPTER 4: SECURED TRANSACTIONS I. UCC Article 9 II. Perfection III. Priority among Parties IV. Remedies upon Default & Rights of parties Book multiple choice exam and problems - real and solve. Read Chapter 5 September 16 CHAPTER 5 DEBTOR AND CREDITOR RELATIONSMPS L Bankruptcy II, Consumer Credit Law III, Default IV. Suretyship Book multiple choice exam and problems - read and solve

5 Read Chapter 6 September 23 CHAPTER 6 AGENCY I.Nature II. Creation III, Principal's Liability IV. Agent's Liability to Third Parties V. Termination Book multiple choice exam and problems - read and solve Online Multiple choice test and problems - submit Read Chapter 7 CHAPTER 7 BUSINESS STRUCTURES 1. Partnership Formation 11, Partnership Operation ffl. Partnership Termination W. Limited Partnerships V. Corporate Formation VI. Corporate Operation VII. Corporate Termination VIII. Limited Liability Companies IX. Sole Proprietorship X. Entity Selection Book multiple choice exam and problems - read and solve Read Chapter 8

6 September 30 CHAPTER 8 Practice Research Skills Weekly Review of weeks 1-2 FEDERAL SECURITIES REGULATION I. Overview II. Securities Act of 1933 III. Securities Exchange Act of 1934 IV. Other Federal Securities Regulation V. Property Law VI. Appendix: Environmental Regulation Book multiple choice exam and problems - read and solve Read chapter 8 Weekly Review 1-2 weeks October 7 CHAPTER 9 OTHER FEDERAL REGULATIONS I. Federal Social Security Act II. Workers' Compensation III. Other Employment-Related Laws IV. Anti-trust Regulation V. Property Law VI. Appendix: Environmental Regulation Book multiple choice exam and problems - read and solve Prepare for the Cumulative Exam October 14- Cumulative Practice Exam ( Read Chapter 10) END OF INSTRUCTION FROM PROFESSOR WITLIN

7 Tax Syllabus Frederick J. Harmon, MBA, CPA BISK Education Contact Information: This portion of the syllabus is devoted to the general topic of tax. There is a multitude of material which the student must master. In general, we will be following the tax review book provided by BISK. Where possible I have added videos which may make the reading go easier. This course is for 3 credits and will go toward your needed credit hours to be able to become certified as a CPA. If possible, we recommend that you sit for the Regulations portion of the examination upon completion of the course, since the material will be relatively fresh in your mind. I will be available by phone or by . If you wish to make a personal appointment, please contact me in advance. CHAPTER 11 October 21 I. Overview II. Gross Income III. Adjusted Gross Income IV. Deductions V. Income Tax Computations Vl. Tax Credits Book multiple choice exam anti problems - real und solve CHAPTER 12: October 28 Property I. Basis II. Cost Recovery III. Property Dispositions IV. Securities V. Transfer Taxes VI MACRS Tables

8 Book multiple choice exam and problems - read and solve Online Multiple choice test and problems - submit Hot Spots for extra help Chapter 13 November 4 Estates, Trusts and Exempt Organizations I. Trust Overview II. Estates & Trust Income Transactions III. Special Trusts IV. Exempt Organizations Book multiple choice exam and Problems - real and solve Hot Spots tor extra help

9 Chapter 14 November 11 Federal Taxation; Corporations I. Flow of 1120 II. Corporate Income Tax III. Alternative Minimum Tax IV. Reconciliation of Book to Taxable Income V. Earnings and Profits VI. Redemptions and Liquidations VII. Penalty Taxes VII Corporate Reorganizations IX Affiliated and Controlled Corporations X. S Corporations Book multiple choice exam and problems - real and solve Chapter 15 November 18 Partnership Taxation I Overview II Distributive Share III Partnership Formation IV. Contributions and Basis of Distributed Property V. Distributions VI. Termination VII Transfer of Partnership Interest Book multiple choice exam and problems - read and solve Chapter 16 December 2 Taxation: Other Tax Topics I.Tax Law Sources II. Tax Procedures III, Accounting Periods and Methods IV. Tax Elections & Planning Book multiple choice exam and problems - read and solve Online Multiple choice test and problems - submit

10 Review of Taxation December 9 Review of Chosen Topics Final Examination BISK Online Examination