Tonight I start teaching my first MS course. The prior seven courses I taught were in the MBA program. These were at the great graduate program of Fairleigh Dickinson University. This course is also the first course where I will teach accounting majors, so I am excited about it and looking forward to it.
This course is only one of two tax courses in the Master of Science in Accounting program. There is a MS in Taxation program that is laden with tax courses. Accounting majors have plenty to learn about in accounting and my course will provide them with an overview of the various types of business entities, when they are best selected and how they are taxed. The curriculum is pretty thorough with an excellent textbook and other teaching aids provided by CCH Wolters Kluwer, the publisher. I also received a ton of information from Gleim CPA Review Publications. I will coordinate my instruction with material that will likely be on the CPA exam which the students should all be taking.
I prepared a syllabus and lesson plan for each of the course’s 15 weeks. There is a lot of ground to cover and it will include C and S corporations, general and limited partnerships including publicly traded partnerships and LLCs. I will also discuss which form is best for foreigners investing in the United States, and for American’s investing overseas. Also covered will be when trusts could be used and some esoteric entities such as REITs, personal holding companies and family limited partnerships. Some sophisticated tax elections will also be covered such as Section 338(h)(10) when the cost of company stock that is acquired would be allocated to the separate assets of the acquired company, and tax-free incorporations and reorganizations, distributions, and many of the other fun stuff tax people do to help their clients save tax.
I will also cover GAAP to Tax adjustments and how deferred taxes are reported on the financial statements recognizing that every major company has “two sets of books.” To assist in this, my students will use actual financial statements of the larger public companies.
The courses I previously taught at FDU were Financial Analysis, Corporate Financial Policy and Theory, Monetary and Fiscal Policy, Financial Accounting, Managerial Accounting, Financial Accounting End-User Applications, and Managerial Accounting Applications teaching each course multiple times. My lectures on Financial Accounting End User Applications which primarily were on how to read and analyze a financial statement comprise over 160 pages and will be sent to readers that request it from me at [email protected]. Just put MBA lectures as the Subject.
For the last three years, I have also been guest lecturing at Montclair University graduate courses on internal auditing and forensic accounting using my “What Accounting is and What Accountants do” handout which was the recipient of the 2019 Innovation in Accounting History Education Award by the American Accounting Association. I will also send this handout to those requesting it. I also have guest lectured at a Seton Hall graduate course on entrepreneurship and have some material on business plans and financial projections that I will also send to readers. So, make one request and you’ll get all three handouts.
I like teaching and welcome the opportunity to impact future careers and also to give back to my great profession.
Do not hesitate to contact me with any business or financial questions at [email protected] or fill out the form below.
Read More of the Partners’ Network Blog
