Dbriefs U: Webcasts
Tax Basics — What Every Accounting Major Should Know
Jim Schlesser (host), Joanna Theis and Kate Mantzke, Keiso Professor of Accountancy, Northern Illinois University
Virtually all business decisions have both financial reporting and tax implications. So how do these two areas of accounting relate and what does their interaction mean for businesses? We'll discuss:
- The amazing variety of taxes, who makes and implements tax laws, and the social and economic goals of tax policy.
- The foundational role of GAAP financial statements in tax accounting.
- Taxation's surprising influence on how business activities are structured and when deals are done.
- Why there's more to the practice of tax than preparing tax forms.
Learn about the vital role taxation plays in the conduct of business and explore this fascinating area of accounting. 46 minutes.
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