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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

Tax and Accounting - Genesis University

Descriptions and credit recommendations for all evaluated learning experiences

Location:
Varies, distance learning or proficiency exam format
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).

Location:
Varies, distance learning
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).

Location:
Varies, distance learning
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).

Location:
Varies, distance learning or proficiency exam format
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).

Location:
Varies, distance learning
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)

Location:
Varies, distance learning
Length:
120+ hours
Dates:
January 2012 - Present.
Objectives:

Upon successful completion of the course, students will be able to: discuss the role of accounting in the business environment; understand and apply the basic accounting equation; determine the proper debit or credit classification for an account or transaction; understand the accounting cycle; prepare journal entries, adjusting journal entries, and closing journal entries; understand and apply various inventory costing methods; define internal controls, and explain why they are important; prepare a bank reconciliation; account for accounts receivable, including uncollectible accounts; account for liabilities, including salaries, bonds payable, and long term/short term notes payable; account for equity transactions for a corporation; read, understand, and prepare a statement of cash flows; and use financial statement information to analyze company performance.

Instruction:

The course is offered in a distance learning format with instructor support, graded assignments, and a cumulative assessment. Topics include: accounting and business environment, recording transactions, adjusting process, the accounting cycle, merchandising operations, inventory, internal controls, receivables, plant assets and intangibles, current liabilities and payroll, long-term liabilities, classification of liabilities, corporations: paid-in capital; corporations: retained earnings, and statement of cash flows.

Credit recommendation:

In the lower division baccalaureate/associate degree category, 4 semester hours in Financial Accounting or Business (1/12) (10/17 revalidation).

Location:
Varies, distance learning
Length:
120+ hours
Dates:
January 2012- Present.
Objectives:

Upon successful completion of the course, students will be able to: discuss the difference between financial and managerial accounting; utilize cost management tools such as activity based costing, job order costing, and process costing to make managerial decisions; understand cost behavior and prepare Cost-Volume-Profit analysis to make business decisions; understand how managers make decisions such as special orders, pricing, or outsourcing using financial information; explain time-value of money concepts and how they affect capital decisions; prepare and understand master budgets; prepare and understand flexible budgets and standard costing; and evaluate business performance both internally and against industrial benchmarks.

Instruction:

The course is offered in a distance learning format with instructor support, graded assignments, and a cumulative assessment. Topics include: introduction to managerial accounting, job order and process costing, activity-based costing, cost-volume-profit analysis, short-term business decisions, capital investment decisions, time value of money, master budgets, flexible budgets, and performance evaluations.

Credit recommendation:

In the lower division baccalaureate/associate degree category, 4 semester hours in Managerial Accounting or Business (1/12) (10/17 revalidation).

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