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 EXAMNew 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

• Ethics & Professional & Legal Responsibilities – (17.5)

• Business Law (22.5%)

• Federal Tax Accounting Issues – (10%)

• Federal Taxation – Property (10%)

• Federal Taxation – Individuals (15%)

• 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