The Accounting Review Vol. 32 No. 1 1957
THE UNDERGRADUATE COURSE IN INCOME TAXATION FOR ACCOUNTING MAJORS.
Abstract
Businessmen today are well advised not to make any decision of importance without first considering the tax effects, a wrong decision may have serious con- sequences. This problem is intensified by the fact that tax concepts and procedures become more involved and complex with each new addition to or revision of the tax law. Due to the growing importance of tax practice in relation to the total scope of the accountant's activities, the accounting major, whether he plans to enter the field of public accounting or not, should become thoroughly grounded in income tax procedures in order to be able to advise his clients or his employer wisely, taxwise. A sound background is necessary for the most effective study of tax accounting. The subject matter of tax accounting includes many subjects covered in public finance. In working with problems concerning capital assets and dividends, the study of corporate finance should prove most helpful. In such a course one would get detailed coverage of stocks and bonds and their derivatives, dividends and interest and problems relating to both the issuer of and the investor in corporate securities.
- DOI
- 10.2308/tar-7133594
- Volume
- 32
- Issue
- 1
- Pages
- 93-94
- Language
- en
- Sources
- openalex crossref