Kapiolani Community College
ACC 137 - Business Income Tax Preparation

1. Course Alpha [required field]

 ACC

2. Course Number [required field]

 137

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

5. Date of this Course Outline [required field]

 01/01/2016

6. Prerequisite(s) for catalog text and linking to courses (click yellow prereq button to access linking level)

 
ACC 134Individual 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.
 
ICS 100Credit or concurrent enrollment
ICS 101Credit or concurrent enrollment


9. Credits [required field]

 3

10. Repeatable for additional credits?

 NO

11. Maximum number of credits for student transcript

 3

12. Cross-listed

 NO


13. Contact Hours (type) [required field]

 
  • LEC (lecture)


14. Contact Hours (quantity) How many hours will the student spend per week in lectures, laboratories, lecture/labs, clinical, etc.? [required field]

 

3 hours lecture per week



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

 

selectedThinking/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.

 selectedLevel 1 
selectedCommunication - Ethically compose and convey creative and critical perspectives to an intended audience using visual, oral, written, social, and other forms of communication.

 selectedLevel 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.

   
selectedIntegrative Learning - Explore and synthesize knowledge, attitudes and skills from a variety of cultural and academic perspectives to enhance our local and global communities.

 selectedLevel 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/ContentABCDEFGHIJKLMNO
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
  1. Week 1 Self-Employment: Basic tax formula; accounting methods; Schedule C
  2. Week 2 Self-Employment: Schedule SE; Retirement plans for self-employed
  3. Week 3 Depreciation and Amortization
  4. Week 4 Rental Activities
  5. Week 5 Business Gains and Losses
  6. Week 6 Commerce Clearing House (CCH) ProSystem fx (R) Tax Software and basic tax  research
  7. Week 7 Net Operating Loss (NOL) and Alternative Minimum Tax (AMT)
  8. Week 8 Business Tax Credits
  9. Week 9 C-Corporations: Nature; corporate taxable income formula; income items; business deductions; special deductions
  10. Week 10 C-Corporations: Form 1120 and N-30; tax rates; credits; special taxes; estimated tax payments; corporate distributions
  11. Week 11 Tax Research: CCH Master Tax guide; CCH Intelliconnect (R)
  12. Week 12 S-Corporations: Nature and requirements; Form 1120S / N-35; tax items allocation; Shareholder's basis and distribution
  13. Week 13 Partnerships
  14. Week 14 Information Returns, Tax Penalties, The Audit and Appeal Process, Taxpayer Rights, Tax Preparers' Responsibilities
  15. Week 15 Team Presentation: Tax Research Project

 Competency/MethodEvalABCDEF
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
  1. Assignment(s)
  2. Exam(s)
  3. Final Exam
  4. Oral Presentation(s)
  5. Quiz(zes)
  6. Team Project(s)

 Competency/PSLOABCDEFGHI
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
  1. 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)
  2. Compile and prepare accurate and timely financial information for analysis, tax compliance, and informed business decisions. (AS/CA in ACC; CO-Tax Preparer)
  3. Perform accounting and reporting functions using an accounting information system. (AS/CA in ACC; CO-Tax Preparer)
  4. Gather, manage, track and query data using traditional and emerging technologies. (AS/CA in ACC; CO-Tax Preparer)
  5. Practice within the professional, ethical, and legal parameters of the accounting profession. (AS/CA in ACC; CO-Tax Preparer)
  6. Demonstrate interpersonal and professional communication skills in person and online; work collaboratively to achieve organizational goals. (AS/CA in ACC; CO-Tax Preparer)
  7. Take advantage of independent learning opportunities to maximize personal and professional growth within the business environment. (AS/CA in ACC; CO-Tax Preparer)
  8. Recognize and adapt to the local/global organization and culture. (AS/CA in ACC; CO-Tax Preparer)
  9. 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/CompetencyABC
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
  1. Ethically apply federal and state laws to prepare tax returns for business entities.
  2. Use basic tax research techniques.
  3. 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

 

Small Business Quickfinder® Handbook , IRS website, Hawaii State Tax Department website.



26. Semester information

 
  • FALL
  • SPRING
  • SUMMER


27. Effective Term [required field]

 Fall 2016

28. Suggested Methods of Delivery

 
  • Lecture
  • Hybrid
  • Online


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