ACCT 412 is Liberty's corporate, partnership and estate taxation course in the BS in Accounting. Its written work is four group forums and a comprehensive problem prepared in tax software and submitted as a PDF; Connect homework and exams carry the rest.
Liberty's catalog lists the course as ACCT 412 Corporate/Partnership/Estate Taxation, 3 credit hours; Canvas and the course guide file print it as ACCT412.
What ACCT 412 covers
The catalog description: This course provides applied learning of the Internal Revenue Tax Code with a focus on corporate tax, partnership tax, and LLC, LLP, and "S" corporation tax returns. In addition, tax levies, corporate distributions and special issues are included. The taxation of gifts, estates, and trusts are also explored. Technology used in the accounting profession will be discussed with a focus on data collection.
The course gives applied learning of the Internal Revenue Code for corporations, partnerships, LLCs, LLPs and S corporations, including tax levies, corporate distributions and special issues, and explores the taxation of gifts, estates and trusts, with technology and data collection used in practice. The text is Spilker et al., Taxation of Individuals and Business Entities, chapters 15 to 25.
Connect homework (275 points) and four exams (400) have no guide here. Weeks alternate between new chapters and review weeks.
Textbook named in the published guide: Spilker et al., Taxation of Individuals and Business Entities - Custom (2018). Check the current edition in your Canvas section.
ACCT 412 assignments, week by week
Every graded written assignment in the published guide has its own how-to guide below. Quizzes, exams, checklists and class introductions are left out because there is nothing to write.
| Week | Assignment | Points | Length |
|---|---|---|---|
| 1 | Group Discussion Board Forum 1 | 50 | Thread at least 500 words; replies at least 250 words |
| 3 | Group Discussion Board Forum 2 | 50 | Thread at least 500 words; replies at least 250 words |
| 5 | Group Discussion Board Forum 3 | 50 | Thread at least 500 words; replies at least 250 words |
| 7 | Group Discussion Board Forum 4 | 50 | Thread at least 500 words; replies at least 250 words |
| 7 | Comprehensive Problem | 125 | A completed return as a PDF |
Week 1: Group Discussion Board Forum 1
A 500-word thread on a current corporate tax topic and two 250-word replies. How to write ACCT 412 Week 1 Group Discussion Board Forum 1.
Week 3: Group Discussion Board Forum 2
The second group forum, with the same rules. How to write ACCT 412 Week 3 Group Discussion Board Forum 2.
Week 5: Group Discussion Board Forum 3
The third group forum, with the same rules. How to write ACCT 412 Week 5 Group Discussion Board Forum 3.
Week 7: Group Discussion Board Forum 4
The last group forum, with the same rules. How to write ACCT 412 Week 7 Group Discussion Board Forum 4.
Week 7: Comprehensive Problem
Complete the textbook's comprehensive business entity problem in tax software and submit the return as a PDF. How to write ACCT 412 Week 7 Comprehensive Problem.
How ACCT 412 is graded
The published guide totals 1,010 points. The four group forums are 50 each (200), the comprehensive problem 125, Connect homework 275, four exams 400 and the checklist 10.
| Graded item | Points |
|---|---|
| Group Discussion Board Forums (4) | 200 |
| Comprehensive Problem | 125 |
| Connect Homeworks (4) | 275 |
| Exams (4) | 400 |
| Course Requirements Checklist | 10 |
The published scale puts an A at 900 to 1010 points.
Week timing in the published guide: Each course week (except Module/Week 1) begins on Tuesday morning at 12:00 a.m. (ET) and ends on Monday night at 11:59 p.m. (ET). The final week ends at 11:59 p.m. (ET) on Friday.
How to approach ACCT 412
The comprehensive problem in this course is a business entity return, so choose tax software that supports Form 1120, 1120-S or 1065 and can produce a PDF.
Forum threads are at least 500 words with two replies of 250 words; IRS publications and tax journals are good sources.
Questions students ask
What is the ACCT 412 comprehensive problem?
A comprehensive problem from the textbook prepared with tax software of your choosing and submitted as a PDF file.
How long are ACCT 412 forum posts?
A thread of at least 500 words and 2 replies of at least 250 words.
Working through ACCT 412 now?
Tell us the week and the assignment. A tutor who knows the course replies with a plan for the draft.