Tax and Accounting - Genesis University

Organization

Genesis University (formerly Association for Hebraic Studies Institute)

Credit Course Categories:

Descriptions and credit recommendations for all evaluated learning experiences

Advanced Taxation (ACC 353)

Length:

200+ hours

Dates:

January 2007 - Present.

Objectives:

Upon successful completion of the course, students will be able to: use the fundamental concepts of the federal income tax system as applied to individuals, corporations, and fiduciaries; prepare tax forms for individuals, partnerships, corporations and trusts; recognize tax planning opportunities and recommend appropriate tax-saving strategies for decision making; and apply the fundamentals of tax law and research to problem situations likely to be encountered in tax practice.

Instruction:

The course is offered in a distance learning format with instructor support, graded assignments, and a cumulative assessment. Topics include: individual determination of tax; gross income inclusions; gross income exclusions; property transactions; capital gains and losses; deductions and losses; itemized deductions; losses and bad debts;employee expenses and deferred compensation; depreciation; cost recovery; amortization and depletion; accounting periods and methods; property transactions; non-taxable exchanges; property transactions; Section1231 and recapture; special tax computation methods; tax credits; corporations- tax research; corporate formations and capital structure;corporate income tax; corporate nonliquidating distributions; other corporate tax levies; corporate liquidating distributions; corporate acquisitions and reorganizations; partnership formation and operation; special partnership issues; administrative procedures; gift tax; estate tax, income taxation of trusts and estates.

Credit recommendation:

In the upper division baccalaureate degree category, 6 semester hours in Accounting, Taxation, or Business OR in the graduate degree category, 3 semester hours in Accounting, Taxation, or Business (1/12) (10/17 revalidation).

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Advanced Taxation I (ACC 351)

Length:

100+ hours

Dates:

January 2012 - Present.

Objectives:

Upon successful completion of the course, students will be able to: define concepts, principles, and rules of taxation of individuals and small businesses; apply the fundamentals of tax law and research to problem situations likely to be encountered in tax practice when dealing with individuals; prepare moderately complex tax forms for individuals and sole proprietorships; recognize tax planning opportunities and recommend appropriate tax-saving strategies for decision making; and address tax situations for all types of taxpayers.

Instruction:

The course is offered in a distance learning format with instructor support, graded assignments, and a cumulative assessment. Topics include: determination of tax, gross income inclusions, gross income exclusions, property transactions, capital gains and losses, deductions and losses, itemized deductions, losses and bad debts, employee expenses and deferred compensation, depreciation, cost recovery, amortization and depletion, accounting periods and methods, property transactions, non-taxable exchanges, property transactions, Section1231 and recapture, special tax computation methods, and tax credits.

Credit recommendation:

In the upper division baccalaureate degree category, 3 semester hours in Accounting, Taxation, or Business (1/12) (10/17 revalidation).

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Advanced Taxation II (ACC 352)

Length:

100+ hours

Dates:

January 2012 - Present.

Objectives:

Upon successful completion of the course, students will be able to: discuss the fundamental concepts of the federal income tax system as applied to corporations, and fiduciaries; prepare tax forms for partnerships, corporations and trusts; recognize tax planning opportunities and recommend appropriate tax-saving strategies for decision making; and apply the fundamentals of tax law and research to problem situations likely to be encountered in tax practice.

Instruction:

The course is offered in a distance learning format with instructor support, graded assignments, and a cumulative assessment. Topics include: corporations- tax research; corporate formations and capital structure, corporate income tax, corporate non liquidating distributions, other corporate tax levies, corporate liquidating distributions, corporate acquisitions and reorganizations, partnership formation and operation, special partnership issues, administrative procedures, gift tax, estate tax, and income taxation of trusts and estates.

Credit recommendation:

In the upper division baccalaureate degree category, 3 semester hours in Accounting, Taxation, or Business (1/12) (10/17 revalidation).

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Federal Income Tax Course (ACC 200)

also known as Basic Taxation (ACC 200)

Length:

140+ hours

Dates:

January 2007 - Present.

Objectives:

Upon successful completion of the course, students will be able to: define the concepts, principles, and rules of taxation of individuals and small businesses; prepare tax forms for individuals and sole proprietorships; recognize tax planning opportunities and recommend appropriate tax-saving strategies for decision making; address tax situations for all types of taxpayers, such as wage earners, salespersons, small business owners, professionals, investors, home and rental property owners, farmers, etc.

Instruction:

The course is offered in a distance learning format with instructor support, graded assignments, and a cumulative assessment. Topics include: general tax principles, exemptions, the tax computation, gross income exclusions and inclusions, gain or loss on the sale or exchange of property, capital gains and losses, business deductions, other allowable deductions;accelerated cost-recovery, depletion and amortization, business and casualty losses, bad debts, self-employment tax, estimated tax, and payroll taxes, income tax withholding, tax credits, special provisions, ethics and regulations governing the practice of tax practitioners.

Credit recommendation:

In the lower division baccalaureate/associate degree category, 3 semester hours in Accounting, Taxation, or Business (1/12) (10/17 revalidation).

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Personal Finance (FIN 200)

Length:

120+ hours

Dates:

August 2011 - Present.

Objectives:

Upon successful completion of the course, students will be able to: explain the relationship between lifestyle and personal financial management the process for setting personal financial goals; develop personal financial goals; describe how to maintain records and the mechanics of preparing financial statements; develop a system of record keeping that monitors cash flows; determine financial services applicable to personal financial needs; identify the options involved in making major purchases; discuss the advantages and disadvantages of renting versus buying a home or automobile; differentiate among types of insurance; describe the principles of investment; distinguish features of stocks, bonds, and mutual funds; evaluate sources of professional investment management and services; and develop a plan for building an estate and retirement.

Instruction:

The course is offered in a distance learning format with instructor support, graded assignments, and a cumulative assessment. Topics include: an overview of a financial plan, planning with personal financial statements,applying time value concepts, using tax concepts for planning, managing money, assessing and securing credit, managing credit, personal loans, purchasing and financing a home, auto and homeowner's insurance, health and disability insurance, life insurance, investing fundamentals, investing in stocks, bonds, and mutual funds, asset allocation, retirement planning, and estate planning.

Credit recommendation:

In the lower division baccalaureate/associate degree category, 3 semester hours in Finance, or Business (1/12) (10/17 revalidation)

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