1. | Course Alpha [required field]
|
| ACC
|
2. | Course Number [required field]
|
| 137
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3. | Addition? Deletion? Modification? If this is a
modification, what actions are proposed? Is this course applying
for or renewing a Diversification designation? A Foundations designation?
|
| Modification
5 year update
Linking course content to course competencies to evaluation methods
Linking course competencies to Program SLOs
Modifying title, prerequisites, and recommended preparation
to comply with systemwide ACC Program Coordinating (PCC) agreement
Modifying course descriptions, course content, and course
competencies to comply with systemwide ACC Program
Coordinatiing (PCC) agreement
Modifying maximum enrollment
Between May of 2013 and May of 2014, the systemwide
ACC PCC met multiple times to standardize the
ACC curriculum. Course pre-requisites, co-requisites,
recommended preparations, course description, course
competencies, course content, maximum enrollment were all
modified based on the meeting agreement in order to enhance
transferability and student success. The new contents
were linked to the new competencies using the appropriate
table. The new competencies were linked to the
current Accounting program SLOs using the appropriate
table. This modification is also part of the 5-year update
of the Accounting program curriculum.
|
4. | Full
Course Title for the Catalog [required field]
|
| Business
Income Tax Preparation
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5. | Date
of this Course Outline [required field]
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| 01/01/2016
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6. | Prerequisite(s) for catalog text and linking to
courses (click yellow prereq button to access linking level)
|
|
ACC
134 | Individual Income Tax
Preparation ("C" or higher) |
Prerequisite(s): A grade "C" or higher in ACC 134
or consent of instructor.
|
7. | Corequisite(s) for catalog text and for linking
(click yellow coreq button to access linking level)
|
|
|
8. | Recommended preparation for catalog text and for
linking (click yellow Rec Prep button to access linking level)
|
| Recommended Preparation: Credit or concurrent
enrollment in ICS 100 or credit of concurrent enrollment in ICS 101.
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ICS 100 | Credit or concurrent enrollment |
ICS 101 | Credit or concurrent enrollment |
|
9. | Credits [required field]
|
| 3
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10. | Repeatable for additional credits?
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| NO
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11. | Maximum number of credits for student transcript
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| 3
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12. | Cross-listed
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| NO
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13. | Contact Hours (type) [required field]
|
|
|
14. | Contact Hours (quantity) How many hours will the
student spend per week in lectures, laboratories, lecture/labs,
clinical, etc.? [required field]
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| 3
hours lecture per week
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15. | Course Description [required field]
|
| ACC
137 introduces Federal and Hawai'i tax laws and regulations and
basic return preparation for business entities. This
course is intended for an individual preparing basic tax
returns under the supervision of an accounting
professional. The student will learn to conduct basic
tax research using online database and resources. The
student will also learn to prepare tax returns both manually
and by using commercial tax software such as CCH Prosystem fx
(R) (CCH, Commercial Clearing House, a division of Wolters Kluwer).
|
16. | Suggested Methods of Evaluation - Measures of Student
Achievement [required field]
|
|
- Assignment(s)
- Exam(s)
- Final Exam
- Oral Presentation(s)
- Quiz(zes)
- Team Project(s)
Method of Evaluation |
Assignment(s) |
Exam(s) |
Final Exam |
Oral Presentation(s) |
Quiz(zes) |
Team Project(s) |
|
17. | Suggested Methods of Instruction [required field]
|
|
- Class Discussion
- Collaborative Learning
- Computer Activities
- Demonstrations
- Guest Speaker(s)
- Hands-on Learning
- Individual Feedback/instruction
- Internet Enhancement
- Lectures
- Online Instruction
- PowerPoint(s)
- Research
- Service Learning
- Student Participation
|
18. | General Education Student Learning Outcomes
|
|
| Thinking/Inquiry - Make effective
decisions with intellectual integrity to solve problems
and/or achieve goals utilizing the skills of critical
thinking, creative thinking, information literacy, and
quantitative/symbolic reasoning.
Level 1 |
| Communication - Ethically compose and
convey creative and critical perspectives to an intended
audience using visual, oral, written, social, and other
forms of communication.
Level 1 |
| Self and Community/Diversity of Human
Experience - Evaluate one's own ethics and traditions
in relation to those of other peoples and embrace the
diversity of human experience while actively engaging in
local, regional and global communities.
|
| Aesthetic Engagement - Through
various modes of inquiry, demonstrate how aesthetics
engage the human experience, revealing the
interconnectedness of knowledge and life.
|
| Integrative Learning - Explore and
synthesize knowledge, attitudes and skills from a variety
of cultural and academic perspectives to enhance our local
and global communities.
Level 1 |
GenED SLO |
Thinking/Inquiry - Make
effective decisions with intellectual integrity to solve
problems and/or achieve goals utilizing the skills of
critical thinking, creative thinking, information literacy,
and quantitative/symbolic reasoning. |
Communication - Ethically
compose and convey creative and critical perspectives to an
intended audience using visual, oral, written, social, and
other forms of communication. |
Integrative Learning -
Explore and synthesize knowledge, attitudes and skills from
a variety of cultural and academic perspectives to enhance
our local and global communities. |
|
19. | Program Student Learning Outcomes Addressed
|
|
Program SLO |
Demonstrate the ability to
identify key issues, research relevant data, and propose
possible solutions for accounting and taxation issues
encountered. (AS/CA in ACC; CO-Tax Preparer) |
Compile and prepare
accurate and timely financial information for analysis, tax
compliance, and informed business decisions. (AS/CA in ACC;
CO-Tax Preparer) |
Perform accounting and
reporting functions using an accounting information system.
(AS/CA in ACC; CO-Tax Preparer) |
Gather, manage, track and
query data using traditional and emerging technologies.
(AS/CA in ACC; CO-Tax Preparer) |
Practice within the
professional, ethical, and legal parameters of the
accounting profession. (AS/CA in ACC; CO-Tax Preparer) |
Demonstrate interpersonal
and professional communication skills in person and online;
work collaboratively to achieve organizational goals. (AS/CA
in ACC; CO-Tax Preparer) |
Take advantage of
independent learning opportunities to maximize personal and
professional growth within the business environment. (AS/CA
in ACC; CO-Tax Preparer) |
Recognize and adapt to the
local/global organization and culture. (AS/CA in ACC; CO-Tax Preparer) |
Practice communication,
problem solving and decision-making skills through the use
of appropriate technology and with the understanding of the
business environment. (AS/CA in ACC; CO-Tax Preparer) |
|
20. | Specific course level Student Learning Outcomes [not
currently used at KapCC unless required by external accreditation]
|
|
|
21. | Course Competencies with links [required field]
(click yellow Competencies button to enter individual
competencies), (to link with grading and Program SLOs use chain
link icon in the upper right corner)
|
| Upon
successful completion of ACC 137, the student should be able to:
Competency/Content | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O |
Ethically apply federal
and state laws to prepare tax returns for business
entities. | | | | | | | | | | | | | | | |
Use basic tax research
techniques. | | | | | | | | | | | | | | | |
Demonstrate effective
communication and teamwork skills. | | | | | | | | | | | | | | | |
LEGEND
- Week 1 Self-Employment: Basic tax
formula; accounting methods; Schedule C
- Week 2 Self-Employment: Schedule SE;
Retirement plans for self-employed
- Week 3 Depreciation and Amortization
- Week 4 Rental Activities
- Week 5 Business Gains and Losses
- Week 6 Commerce Clearing House (CCH)
ProSystem fx (R) Tax Software and basic tax research
- Week 7 Net Operating Loss (NOL) and
Alternative Minimum Tax (AMT)
- Week 8 Business Tax Credits
- Week 9 C-Corporations: Nature; corporate
taxable income formula; income items; business deductions;
special deductions
- Week 10 C-Corporations: Form 1120 and
N-30; tax rates; credits; special taxes; estimated tax
payments; corporate distributions
- Week 11 Tax Research: CCH Master Tax
guide; CCH Intelliconnect (R)
- Week 12 S-Corporations: Nature and
requirements; Form 1120S / N-35; tax items allocation;
Shareholder's basis and distribution
- Week 13 Partnerships
- Week 14 Information Returns, Tax
Penalties, The Audit and Appeal Process, Taxpayer Rights, Tax
Preparers' Responsibilities
- Week 15 Team Presentation: Tax Research Project
Competency/MethodEval | A | B | C | D | E | F |
Ethically apply federal
and state laws to prepare tax returns for business
entities. | X | X | X | X | X | X |
Use basic tax research
techniques. | X | | X | X | | X |
Demonstrate effective
communication and teamwork skills. | X | | | X | | X |
LEGEND
- Assignment(s)
- Exam(s)
- Final Exam
- Oral Presentation(s)
- Quiz(zes)
- Team Project(s)
Competency/PSLO | A | B | C | D | E | F | G | H | I |
Ethically apply federal
and state laws to prepare tax returns for business
entities. | X | X | X | X | X | | X | X | X |
Use basic tax research
techniques. | X | X | | X | | | X | X | X |
Demonstrate effective
communication and teamwork skills. | X | X | | X | X | X | X | X | X |
LEGEND
- Demonstrate the ability to identify key
issues, research relevant data, and propose possible solutions
for accounting and taxation issues encountered. (AS/CA in ACC;
CO-Tax Preparer)
- Compile and prepare accurate and timely
financial information for analysis, tax compliance, and
informed business decisions. (AS/CA in ACC; CO-Tax Preparer)
- Perform accounting and reporting
functions using an accounting information system. (AS/CA in
ACC; CO-Tax Preparer)
- Gather, manage, track and query data
using traditional and emerging technologies. (AS/CA in ACC;
CO-Tax Preparer)
- Practice within the professional,
ethical, and legal parameters of the accounting profession.
(AS/CA in ACC; CO-Tax Preparer)
- Demonstrate interpersonal and
professional communication skills in person and online; work
collaboratively to achieve organizational goals. (AS/CA in
ACC; CO-Tax Preparer)
- Take advantage of independent learning
opportunities to maximize personal and professional growth
within the business environment. (AS/CA in ACC; CO-Tax Preparer)
- Recognize and adapt to the local/global
organization and culture. (AS/CA in ACC; CO-Tax Preparer)
- Practice communication, problem solving
and decision-making skills through the use of appropriate
technology and with the understanding of the business
environment. (AS/CA in ACC; CO-Tax Preparer)
|
22. | Course Content with links [required field] (click on
the blue help icon in the upper right corner for details on how to
fill out this field)
|
|
Content/Competency | A | B | C |
Week 1 Self-Employment:
Basic tax formula; accounting methods; Schedule C | X | | |
Week 2 Self-Employment:
Schedule SE; Retirement plans for self-employed | X | | |
Week 3 Depreciation and
Amortization | X | | |
Week 4 Rental
Activities | X | | |
Week 5 Business Gains and
Losses | X | | |
Week 6 Commerce Clearing
House (CCH) ProSystem fx (R) Tax Software and basic
tax research | X | | |
Week 7 Net Operating Loss
(NOL) and Alternative Minimum Tax (AMT) | X | | |
Week 8 Business Tax
Credits | X | | |
Week 9 C-Corporations:
Nature; corporate taxable income formula; income items;
business deductions; special deductions | X | | |
Week 10 C-Corporations:
Form 1120 and N-30; tax rates; credits; special taxes;
estimated tax payments; corporate distributions | X | | |
Week 11 Tax Research: CCH
Master Tax guide; CCH Intelliconnect (R) | X | X | |
Week 12 S-Corporations:
Nature and requirements; Form 1120S / N-35; tax items
allocation; Shareholder's basis and distribution | X | | |
Week 13
Partnerships | X | | |
Week 14 Information
Returns, Tax Penalties, The Audit and Appeal Process,
Taxpayer Rights, Tax Preparers' Responsibilities | X | | |
Week 15 Team Presentation:
Tax Research Project | | X | X |
LEGEND
- Ethically apply federal and state laws to
prepare tax returns for business entities.
- Use basic tax research techniques.
- Demonstrate effective communication and
teamwork skills.
|
23. | Text
and materials
|
| or other
appropriate textbook.
|
- Linda M.
Johnson. Essentials of Federal Income Taxation
for Individuals and
Business. 2014. Commercial Clearing House (CCH), 2013.
- CCH Tax Law Editors. 2014
U.S. Master Tax Guide. Commercial Clearing
House (CCH), 2013.
|
|
24. | Auxiliary Materials and Content
|
| None.
|
25. | Reference Materials
|
|
, IRS website, Hawaii State
Tax Department website.
|
26. | Semester information
|
|
|
27. | Effective Term [required field]
|
| Fall 2016
|
28. | Suggested Methods of Delivery
|
|
|
29. | Grading Options [required field]
|
|
- Audit
- Credit/NoCredit
- Letter grade
|
30. | Grading Scale and Weighting Suggestions (reflect
suggested selections from #16) [temporary, for AY 2014-2015, no
longer a required field]
|
|
Suggested Grading Scale:
90 - 100% = A 80 - 89% = B 70 - 79% =
C 60 - 69% = D less than 60% = F
25% Assignment 10% Quizzes 5%
Team Project 5% Oral Presentation
40% Exam 15% Final Exam
Whatever method of evaluation is used, it is understood that
the instructor reserves the right to make necessary and
reasonable adjustments to the evaluation policies outlined.
|
31. | Is
the course required or an elective in a degree or certificate
program? If yes, name the degree or certificate where the course
is required.
|
|
This course is a required course for:
- Certificate of Competence - Tax Preparer
- Certificate of Achievement in Accounting
- AS in Accounting
|
32. | For
what degree or certificate program(s) was the course designed?
Will the course lengthen the time for the students to complete the
program? Will it replace another course?
|
| AS
Accounting. No. No.
|
33. | Will
this course proposal increase or decrease the number of required
hours needed for a certificate or degree? Yes/No If yes, provide justification.
|
| No
|
34. | Will
this proposal require a change in staff, equipment, facilities, or
other resources?
|
| No.
|
35. | Do
we have a full-time faculty member who meets the requirements to
teach this course? If not, who will teach the course?
|
| Yes.
|
36. | Is
this an experimental course seeking regular status? Yes/No If
"Yes", what was the experimental number and when (what
semesters/years) were the experimental classes offered?
|
| No.
|
37. | How
is this course related to the educational needs and goals of the
division, college, and community as reflected in the Strategic
Plan? How is it related to courses and programs?
|
|
STRATEGIC OUTCOME B: Hawai‘i’s Educational Capital -
Increase the educational capital of the state by increasing the
participation and degree completion of students, particularly
from underserved regions.
STRATEGIC OUTCOME D: Globally Competitive and Collaborative
Workforce - Address critical workforce shortages and prepare
students for effective engagement and leadership in a global environment.
Kapi'olani Community College competencies (from COL item
3) are:
Computation and communication abilities
Quality of life as affected by technology and science
Awareness of the dynamics in contemporary issues
Problem-solving and decision-making abilities
Responsiveness to the arts and humanities
Career choices and life-long learning
Study in a selected program
KCC general ed student learning outcomes are:
General education in each program at the
college include the following learning outcomes: 1.
Express oneself clearly in written and oral
communication. 2. Reason symbolically in logic or
math 3. Think critically and analytically to solve
problems and make decisions 4. Deliberate ethically on
contemporary issues and demonstrate ethical behavior 6.
Use technology such as computers for academic and/or career purposes.
AS degree competencies are:
Employ skills and understanding in language and
mathematics essential to fulfill program requirements.
Recognize effects of technology and science on
the natural and human environments.
Demonstrate proficiency in conceptual,
analytical, and critical modes of thinking.
|
38. | Basic skills (reading, writing and analytical) needed
for success in the course. The concern here is with the skill
levels required of students rather than the level of material in
the class.
|
|
|
39. | Amount (quantity) and level of reading, writing or
other independent work required. As a rule of thumb, much of the
reading material for a freshman level course should be at 12th or
13th grade level.
|
|
|
40. | Amount (quantity) and level of quantitative and
logical reasoning required. Where the course involves use of
mathematics, a minimum of one year of high school algebra, or its
equivalent, as background for the course would be required for
transfer courses.
|
|
|
41. | Background knowledge in related subject matter
expected of students entering the course. Is a course based on the
expectation that students will have completed normal high school
courses in related areas?
|
| No.
|
42. | Expectations for student participation outside of
class. Students are expected to spend at least three hours outside
of class for every hour in class by means of the following activities:
|
|
- Computer Projects
- Homework Assignments
- Participation in Professional Development Activities
- Reading Assigned Text(s)
- Team Project(s)
|
43. | Justify the level of proposed course: 100 level, 200
level, 300 level, or lower than 100 level.
|
| The
Community Colleges have established course sequences that
conform to the University of Hawai'i system numbering pattern
which has been adopted as accepted practice: 100
- 199 Initial or introductory courses applicable toward a
baccalaureate degree.
|
44. | Identify similar courses at other UH colleges: list
college, alpha, number, title, and credits for each. If it differs
in important ways, explain how.
|
|
- Kauai CC, ACC 137, Business Income Tax Preparation, 3 credits
- Leeward CC, ACC 137, Business Income Tax Preparation, 3 credits
- University of Hawai'i Maui College, ACC 137, Business
Income Tax Preparation, 3 credits
|
45. | Is a
similar course taught on the upper-division level by a four year
UH college? If so, explain why this course is appropriate at the
lower division, or how it differs from its upper-division counterpart.
|
| No.
|
46. | Is
this course appropriate for articulation with the UH Manoa General
Education Core Requirements? Yes/No
|
| No.
|
47. | Is
the course currently articulated with any two or four-year program
at another UH institution? If so, give details and dates of
agreement(s) and explain any impact the proposed change may have
upon articulation. (Please note that this is NOT a reference to
UHM Gen Ed articulation.)
|
|
Yes. An articulation agreement will be signed with other
community colleges in the UH system. It is in the process
of being renewed. Here is the link to the draft: https://drive.google.com/a/hawaii.edu/file/d/0BwgpZhG61Ee1dmJlT0U5S3FtNlk/view?usp=sharing
Yes. An articulation agreement signed on 4/28/2008 with
UH West Oahu for BUSA 319 for Bachelor of Arts in Business
Administration with a concentration in Accounting
(BABA). The agreement is currently being renewed.
Here is a link to the draft: https://drive.google.com/file/d/0B3Aps2kWQnAHVkZYM1ZQaU5wa1E/view?usp=sharing
|
48. | Maximum enrollment per class section? (and
justification if maximum enrollment is not standard) [required field]
|
| 25. In
addition to complex federal and state taxation issues, students
also learn to utilize tax preparation software and tax research
resources. Because of this additional hands-on contents, much
more instructor-student interaction is required. This maximum
enrollment corresponds with maximum enrollment of other technology
intensive program courses such as ACC 251B.
|
49. | Number of class sections? (Indicate whether per
semester or per year)
|
| 1 per
semester depending on enrollment.
|
50. | Exclude from catalog? Yes/No
|
| NO
|
51. | Justification (explain why this curriculum action is
proposed). If applicable, list explanations of how this course
meets Diversification or Foundations Hallmarks.
|
| Modification
5 year update
Linking course content to course competencies to evaluation methods
Linking course competencies to Program SLOs
Modifying title, prerequisites, and recommended preparation
to comply with systemwide ACC Program Coordinating (PCC) agreement
Modifying course descriptions, course content, and course
competencies to comply with systemwide ACC Program
Coordinatiing (PCC) agreement
Modifying maximum enrollment
Between May of 2013 and May of 2014, the systemwide
ACC PCC met multiple times to standardize the
ACC curriculum. Course pre-requisites, co-requisites,
recommended preparations, course description, course
competencies, course content, maximum enrollment were all
modified based on the meeting agreement in order to enhance
transferability and student success. The new contents
were linked to the new competencies using the appropriate
table. The new competencies were linked to the
current Accounting program SLOs using the appropriate
table. This modification is also part of the 5-year update
of the Accounting program curriculum.
The reduction of maximum enrollment is needed because of
the change in course contents and competencies, additional
individual assistance of students is required. Students
must now gain proficiency in the use of CCH ProSystem fx tax
preparation program and CCH IntelliConnect cloud based tax
research service (CCH, Commercial Clearing House, a division
of Wolters Kluwer).
|
52. | Special Comments for Catalog
|
|
|
53. | Status (active/inactive)
|
| Active
|
54. | Restricted to Specific Semester(s)
|
|
|
55. | Explain the reason for and purpose of prerequisites,
corequisites, and recommended preparation [Kap CC Faculty Senate
requirement if have prereqs/coreqs/rec preps]
|
| ACC
137 has a prerequisite of a grade "C" or higher in
ACC 134, or consent of instructor. This prerequisite is to
ensure that students have a basic knowledge of tax laws and
regulations to be successful in this course. Credit or
concurrent enrollment in ICS 100, or credit or concurrent
enrollment in ICS 101 are recommended to ensure student
possess necessary computer skills to be successful in this course.
|
56. | AA
General Education Area (contact the Faculty Senate for directions
on completing documentation for Foundations categories FS, FW,
FGA, FGB, FGC)
|
|
|
57. | AA
General Education Extra
|
|
|
58. | AS
General Education Area
|
|
|
59. | AS
General Education Extra
|
|
|
60. | Banner title (30 characters or fewer) [required field]
|
| Business
Income Tax Prep
|