5:30 p.m - 6:50 p.m.
General Learning Goals:
Students will demonstrate problem solving and decision making abilities through the critical analysis, evaluation, and interpretation of business information. Classroom discussion, problem assignments and examinations will require students to use critical thinking skills to apply federal tax concepts and principles to various situations. Demonstrations of problem solving and decision making abilities will be included in class lectures. Students will develop these skills by completing assigned homework, tax returns, and possibly research. The development of each student’s abilities will be assessed through examinations which require problem solving and decision making.
Course Specific Learning Goals:
The general objective of this course is to introduce the student to the conceptual foundations of federal income taxation of businesses in the United States. The tax law changes almost daily as it is amended to address unique transactions and to meet economic, social, and political needs. The study of taxes blends together accounting economics, law, and finance concepts. The focus of the course is on the basic concepts of taxation for various business entity types, particularly those that have been stable over time.
Grading and Evaluation:
Students are expected to attend all class meetings for this course, following the university attendance policy. (See Midwestern State University Undergraduate Catalog, Vol. LXXV, No. 2, p. 88). Each meeting of the class will run as scheduled. So as not to disturb the class, you are not to walk in and out of the classroom during the class period except for an emergency.