This course is designed to provide you with a basic understanding of the financial reporting process, including the accounting cycle and the concepts and principles that underlie financial statements. In addition to learning and applying many bookkeeping techniques used in the accounting process, you will learn how to analyze and communicate the financial information generated by the accounting process.
ACCT 335 is an introductory course on the federal tax system. Individuals enrolling in this class should have completed at least one college-level course in accounting, or have equivalent experience in dealing with financial statements. Mastery of double-entry accounting is not required; however, you should be knowledgeable about income statements and balance sheets, and should have familiarity with various types of business entities. You should be prepared to solve elementary equations, and be able to write clearly, cogently, and sparingly.
Hoffman, Smith, and Willis, South-Western Federal Taxation: Individual Income Taxes, 2009 edition, ISBN 978-0324660203