Federal Taxation II
Choosing this Course
This course is an in depth study of federal income tax concepts relating to corporations, partnerships, S-corporations, trusts, and exempt organizations.
This course is an appropriate choice for students currently working in or planning careers in taxation, accounting, finance or management. It is a required course for students pursuing the Advanced Accounting Certificate.
This course was primarily developed for students planning to sit for the Certified Public Accountant Examination (the CPA Exam). Such students typically have already earned baccalaureate degrees and are taking courses at College of DuPage to meet the requirements to sit for the CPA Exam.
What is a CPA? As stated in an Illinois CPA Society brochure:
Upon successful completion of the course the student should be able to do the following:
Occupational Accounting Program:
The Occupational Accounting program at College of DuPage prepares students to become accounting clerks, bookkeepers, junior accountants, bank tellers, credit analysts, auditing clerks and tax preparers. Job opportunities exist in accounting firms, manufacturing companies, financial institutions, insurance companies, service organizations and not-for-profit and government entities.
You may be well-suited for a career in accounting if you:
Desire a job with a
good starting salary and potential for advancement
Employment prospects for entry-level jobs are expected to be steady for individuals who have accounting skills that are supplemented by excellent oral and written communication skills and strong computer skills.
To advance in the accounting field, students should plan to continue their education after completing their initial program of study at College of DuPage. Educational plans that include transferring to a baccalaureate-granting school will enhance the student's opportunities for advancement.
Transfer Accounting Program:
The Transfer Accounting program at College of DuPage starts students on the road to becoming professional accountants by providing the first two years of college course work. To advance in the accounting field, students should plan to continue their education after completing their initial program of study at College of DuPage. Students who receive their associate's degree from College of DuPage may transfer to a baccalaureate-granting school and earn a bachelor's degree in accounting.
Career opportunities include public accountant, auditor, tax specialist, management consultant, Internal Revenue Service agent, financial analyst, credit analyst, cost accountant and budget analyst. Job opportunities exist in public accounting firms, manufacturing companies, financial institutions, insurance companies, service organizations and not-for-profit and governmental entities.
Educational plans that include preparation for examinations required for certification will further enhance the student's opportunities for advancement. Students should consider earning certification as a Certified Public Accountant, Certified Management Accountant, Certified Fraud Examiner, Certified Internal Auditor and/or Enrolled Agent.
The employment prospects for entry-level positions are very
competitive, so a student should be well prepared academically and must
possess excellent oral and written communication skills and strong