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Viewing: ACC 563 : Forecasting Effective Tax Rates and Scenario Analysis - Advanced Application

Last approved: Fri, 25 Aug 2017 14:37:18 GMT

Last edit: Fri, 25 Aug 2017 14:37:15 GMT

Change Type
Major
ACC (Accounting)
563
032481
Dual-Level Course
No
Cross-listed Course
No
Forecasting Effective Tax Rates and Scenario Analysis - Advanced Application
Forecasting Analysis Advanced
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
P: ACC562

Is the course required or an elective for a Curriculum?
No
In this course we will continue to examine the different definitions of book income and taxable income but the primary focus will be on examining tax disclosures in financial statements and gaining an understanding of how they can be used for financial statement analysis. We will also carry out regression and scenario analysis to provide additional insights into disclosed tax information. These types of insights are of significant benefit and often utilized in decision making by company management and financial analysts employed by investment funds. The skills learned will be reinforced with tax-focused examples and assignments created specifically to allow the student to apply regression and scenario analysis in tax situations. In addition to utilizing regression and scenario 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?
GEP Categories

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Each course in the Natural Sciences category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

Social Sciences Open when gep_category = SOCSCI
Each course in the Social Sciences category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

 
 

 
 

Interdisciplinary Perspectives Open when gep_category = INTERDISC
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Visual & Performing Arts Open when gep_category = VPA
Each course in the Visual and Performing Arts category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

 
 

 
 

Health and Exercise Studies Open when gep_category = HES
Each course in the Health and Exercise Studies category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

 
&
 

 
 

 
 

 
 

Global Knowledge Open when gep_category = GLOBAL
Each course in the Global Knowledge category of the General Education Program will provide instruction and guidance that help students to achieve objective #1 plus at least one of objectives 2, 3, and 4:
 
 

 
 

 
Please complete at least 1 of the following student objectives.
 

 
 

 
 

 
 

 
 

 
 

US Diversity Open when gep_category = USDIV
Each course in the US Diversity category of the General Education Program will provide instruction and guidance that help students to achieve at least 2 of the following objectives:
Please complete at least 2 of the following student objectives.
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

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.
 

 
List any discipline specific background or skills that a student is expected to have prior to taking this course. If none, state none. (ex: ability to analyze historical text; prepare a lesson plan)
 

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.
 

 
List any required field trips, out of class activities, and/or guest speakers.
 

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

Teach students how to examine income tax disclosures in financial statements and how these can be used to forecasting cash taxes and evaluating company financial strengths and weaknesses.


Introduce students to the advanced practical application of regression and forecasting tools with respect to income tax analysis and forecasting.


Student Learning Outcomes

Analyze and evaluate the cash tax benefit of certain temporary differences


Estimate the future cash tax impact of deferred taxes


Utilize advanced regression and forecasting tools to evaluate financial distress of a company utilizing valuation allowances and other tax issues included in financial statement disclosures.


Evaluation MethodWeighting/Points for EachDetails
Other200 pointsStudents will be asked to prepare an analysis determining the present value of the bonus depreciation tax benefit for a capital intensive company.
Other200 pointsThe student will be asked to forecast the financial distress of a company utilizing information found in the income tax disclosures, including the valuation allowance.
Other200 pointsThe student will be asked to prepare an analysis of the estimate of future cash tax cost or benefit from the current deferred taxes of a company.
TopicTime Devoted to Each TopicActivity
Regression and related technology50%Lecture and exercises
Accounting for Income Tax Disclosures50%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 5/3/2017 How does this course differ from ACC 562. Based on what's in the outcomes, they seem virtually identical. The last learning outcome pretty much mirrors the last objective - as Melissa points out, they should actually be different things. 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. Please clarify how this course differs from 562; this looks to be the same with an added learning outcome. Everything else has been addressed.

ABGS Reviewer Comments:
-No Comments
krawczyk (Wed, 04 Jan 2017 12:34:10 GMT): Rollback: Changes as discussed
sgallen (Tue, 14 Feb 2017 19:58:43 GMT): Rollback: Needs revisions
krawczyk (Wed, 12 Apr 2017 17:48:56 GMT): Rollback: As discussed
mlnosbis (Thu, 24 Aug 2017 18:14:16 GMT): Syllabus updated as suggested by ABGS
Key: 11809