ACCT 77163 - (was 7371) Federal Tax Accounting

Three credit hours.

Was ACCT 7371. Adoption of changes in accounting periods and methods; income recognition and deduction allowances in connection with cash and accrual methods, interest; OID, time value of money, deferred payments, installment sales, prepaid and contested items, reversals, capitalization, amortization, and depreciation; inventory accounting; accounting for long term contracts; carryovers; claim of right; tax benefits; conformity between tax and financial reporting. Open only to MBA students and students in the graduate accounting and taxation programs.

Prerequisites: ACCT 75563 with a grade of B or greater, or ACCT 42363 (was 4323) with a grade of C or greater.
Concurrent: ACCT 75563 is permitted.