TAX
• “You can’t spit on the sidewalk
without considering the tax
consequences.”
• - An old tax saying -
• “The avoidance of taxes is the
only pursuit that still carries any
reward.”
• - John Maynard Keynes
“Topics Businesses Most Often
Ask About”
•
•
•
•
•
Tax – 24%
HR - 21%
Accounting – 13%
Info Technology – 10%
Market Research – 7%
• - E & Y’s Ernie Trend Watch
• Top Educational Areas
Accounting Practitioners
Would Like to See More of
in Student’s Resumes
- Continued -
• Speaking
• Writing
• Computers
• Tax
CPA EXAM
New Computer Based Test (CBT)
SECTIONS
1) Auditing &
Attestation
2) Financial Accounting
3) Regulation
4) Business
Environment &
Concepts
HOURS
1) 4.5
2) 4.0
3) 3.0
4) 2.5
5) Total 14.0
Regulation Section
I.
Ethics & Professional & Legal
Responsibilities – (17.5)
II. Business Law (22.5%)
III. Federal Tax Accounting Issues – (10%)
IV. Federal Taxation – Property (10%)
V. Federal Taxation – Individuals (15%)
VI. Federal Taxation – entities (25%)
Regulation Section CBTCPA Exam
• 60% Tax
• Plus some
ethics/professional
responsibilities
possibly for tax
CSUSB TAX COURSES
CSUSB Tax Courses (continued)
ACCT 426 Tax 1
Federal Individual
Income Tax and
Introduction to Taxes
CSUSB Tax Courses (continued)
ACCT 536 Tax 2
Federal Income Taxation
of Entities
CSUSB Tax Courses (continued)
556 Tax 3
Tax Research, IRS &
Practitioners, Estate &
Gift Tax, Trust &
Estate Income Tax,
AMT, CA Individual
Income Tax
• FIN 360 Personal Financial Planning
• ACCT 595 VITA
TAX CAREERS
Tax Careers (continued)
Government –
IRS, FTB, SBE
Tax Careers (continued)
Private
Practice
Tax Careers (continued)
Industry
Tax Careers (continued)
Education
FURTHER TAX EDUCATION
CPA
Masters in Tax
JD, LLM (Tax)
• Concentrations in which tax
courses may be used
• (Required or Elective)
Accounting
Finance
Financial Planning
Real Estate
AIS
Entrepreneurial
Management
Minors in Which Tax Courses
May be Used
Accounting
Business
Administration
Certificate Programs in Which Tax
Courses May be Used
Accounting
For Further Information
- Accounting & Finance Department,
909-880-5704
Jack Brown Hall, Room 459
- John R. Dorocak, Professor,
909-880-5750
Jack Brown Hall, Room 435,
jdorocak@csusb.edu
CA CPA Exam & Licensure Requirements
California Board of Accounting
http:// www.dca.ca.gov/cbq
Pathway 1
•
•
•
•
BA
24 Semester units accounting courses
24 Semester units business-related courses
Retain credit for each exam section passed
for 18 months
Pathway 1 (continued)
• 2 Years general accounting experience, 500
hours “attest” experience to sign all reports
• Select Pathway 1 or 2 when apply for
licensure
Pathway 2
•
•
•
•
BA
24 Semester units accounting courses
24 Semester units business related courses
Retain credit for each exam section passed for 18
months
Pathway 2 (continued)
• 150 Semester units (226 quarter units) for
license
• 1 year of general accounting experience,
500 hours “attest” experience to sign all
reports
• Select Pathway 1 or 2 when applying for
licensure
Pathway 2
• 150 semester hours = 226 quarter units
• 198 quarter units current CSUSB
Accounting Concentration
• 7 additional 4 unit courses needed
• Can be in anything: practitioner desires and
student multiple concentrations
• Flexibility