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Viewing: ACC 562 : Forecasting Effective Tax Rates and Scenario Analysis - Introduction

Last approved: Fri, 25 Aug 2017 14:36:29 GMT

Last edit: Fri, 25 Aug 2017 14:36:25 GMT

Change Type
Major
ACC (Accounting)
562
032480
Dual-Level Course
No
Cross-listed Course
No
Forecasting Effective Tax Rates and Scenario Analysis - Introduction
Forecasting Analysis-Intro.
Poole College of Management
Accounting (20ACC)
Term Offering
Fall, Spring and Summer
Offered Every Year
Spring 2018
Previously taught as Special Topics?
No
 
Course Delivery
Distance Education (DELTA)
Online (Internet)

Grading Method
Graded/Audit
1
8
Contact Hours
(Per Week)
Component TypeContact Hours
Lecture2.5
Course Attribute(s)


If your course includes any of the following competencies, check all that apply.
University Competencies

Course Is Repeatable for Credit
No
 
 
Don Pagach and Andrew Schmidt
Full Professor and Associate Professor
assoc

Open when course_delivery = campus OR course_delivery = blended OR course_delivery = flip
Open when course_delivery = distance OR course_delivery = online OR course_delivery = remote
Delivery FormatPer SemesterPer SectionMultiple Sections?Comments
LEC5050NoAll distance learning
R: Graduate Standing or PBS

Is the course required or an elective for a Curriculum?
No
In this course we will examine the different definitions of book income and taxable income with a focus on accounting for income taxes under ASC 740. Students will contrast the principles of conservatism reflected by generally accepted accounting principles and by the tax law. In addition, students will learn how to utilize regression analysis and scenario analysis to provide additional insights about these tax topics and to forecast future effective tax rates. Tax-focused examples and assignments created specifically to allow the student to apply regression analysis in tax situations will reinforce the technology covered in this course. In addition to utilizing regression analysis, this course will examine tax technical subjects to provide the student sufficient knowledge to complete the examples and assignments. An undergraduate degree and basic tax and accounting knowledge required.

The accounting profession is increasingly requiring its new staff to be up to date on the latest technology.  This is especially true for accounting tax professionals.  This course will provide students a combination of innovative technology skills and comprehensive tax knowledge.


No

Is this a GEP Course?
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Requisites and Scheduling
 
a. If seats are restricted, describe the restrictions being applied.
 

 
b. Is this restriction listed in the course catalog description for the course?
 

 
List all course pre-requisites, co-requisites, and restrictive statements (ex: Jr standing; Chemistry majors only). If none, state none.
 

 
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Additional Information
Complete the following 3 questions or attach a syllabus that includes this information. If a 400-level or dual level course, a syllabus is required.
 
Title and author of any required text or publications.
 

 
Major topics to be covered and required readings including laboratory and studio topics.
 

 
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College(s)Contact NameStatement Summary
Poole College of ManagementFrank Buckless
We will use premium tuition generated to cover the cost of the faculty.

Introduce students to many of the situations that cause the effective tax rate to differ from the statutory rate.


Teach students advanced regression and forecasting tools.


Student Learning Outcomes

Students will be able to:


Identify and evaluate many of the situations that cause a company's effective tax rate to differ from the statutory rate, and


Utilize intermediate regression and forecasting skills to analyze and project a Company's effective tax rate.


Evaluation MethodWeighting/Points for EachDetails
Other200 pointsStudents will be asked to complete an exercise to identify and appropriately account for book/tax differences..
Other200 pointsStudents will be asked to study, evaluate and answer questions regarding the income tax disclosure information found in Forms 10-K.
Other200 pointsStudents will be asked to develop an effective tax rate projection utilizing regression analysis.
TopicTime Devoted to Each TopicActivity
Regression and related technology 50%Lecture and exercises
Accounting for Income Tax & ETR's50%Lecture, reading and exercises
mlnosbis 4/19/2017:
1) The learning outcomes should be labeled as outcomes, not objectives, in the syllabus to prevent confusion. Objectives are the larger goals for the course, not the measurable outcomes.
2) Assignment breakdown should be listed the same way on the CIM form, instead of 1 assignment for 100% of the grade.
3) Length of course is shown as 6 weeks. The length is 8 weeks for the shorter, not the regular academic, courses. https://studentservices.ncsu.edu/calendars/academic/#fall

pjharrie 5/4/2017 The last learning outcome pretty much mirrors the last objective - as Melissa points out, they should actually be different things. Will the software only run on Office 2015? What about other, especially newer versions? Also, no mention of how many times students may resubmit work. If the Q&A discussions are so important, why aren't they part of the course's grade?

mlnosbis 7/27/2017: The evaluation methods should use the same weight or point value on both the syllabus and CIM form. The syllabus lists point values, while the CIM form lists percentages. Choose one method and use that in both places. Everything else has been addressed.

ABGS Reviewer Comments:
-No Comments
krawczyk (Wed, 04 Jan 2017 12:33:55 GMT): Rollback: Changes as discussed
sgallen (Tue, 14 Feb 2017 19:58:32 GMT): Rollback: Needs revisions
krawczyk (Mon, 20 Mar 2017 20:02:21 GMT): Rollback: As discussed
krawczyk (Wed, 12 Apr 2017 17:48:38 GMT): Rollback: AS DISCUSSED
mlnosbis (Thu, 24 Aug 2017 18:13:59 GMT): Syllabus updated as suggested by ABGS
Key: 11221