Using Deferred Income Taxes as a Link between Intermediate Accounting and Corporate Income Tax Courses

Y

4

Taxes; Accounting; Income; Corporations; Integrated Activities; Integrated Curriculum; Documentation; Financial Services; Teaching Methods; Business Administration Education; Educational Practices; Educational Strategies; College Programs

1942-2504

The accounting curriculum (in fact business colleges in general) often is accused of operating in silos. As a result, it is claimed that students fail to see the connections among the assignments in their separate course work and the necessity to have an integrated understanding to function effectively in the real-world. As a response to the criticism, we use deferred income taxes as a means to help students bridge the gap between their Intermediate Accounting classes and their Corporate Income Tax course. As a bonus, students also: 1.) better understand the difficult topic of deferred income taxes, 2.) better understand Schedule M-1 on the corporate tax return, and 3.) gain experience in documentation via the preparation of accounting work papers.

As Provided

2015

EJ1056325