ACCT 763 - CPA Prep - Regulations (REG)

3 Credits
Prepares the student for the Regulation section of the four part CPA Exam. Topics include ethical and legal knowledge of appropriate professional conduct and responsibilities, business law, and federal taxation. Student will expand their knowledge and understanding of CPA’s professional and legal responsibilities; matters of agency, creditor-debtor interactions, uniform commercial code and contract law in which the student will apply business law concepts in evaluating the economic substance of client transactions and in evaluating the legal structure of an entity to determine the implications of applicable laws and regulations on how a business is organized, governed, and operates. On the tax side students will build upon their understanding and skills in federal tax process, procedures, accounting, and planning, as well as federal taxation of property transactions, individuals, and entities (which include sole proprietorships, partnerships, limited liability entities, C corporations, S corporations, joint ventures, trusts, estates, and tax-exempt organizations).

Grade Note(s): A grade of C or better is required on the final assessment in order to earn a passing grade in this course.