ACCT 7133X Tax Accounting

45 hours, 3 Credits (Fully Online)

To learn about tax accounting methods. This fully online course will focus on an overview of the fundamentals of property transactions, general accounting methods, specific rues with respect to installment method, long term contracts, claim of right, tax benefit rule, at risk rules, passive activity rules, original issue discount, market discount, contingent debt. We will examine not only the rules themselves, but the rationale behind the rules.

Prerequisite or Corequisite: Admission to the accounting/tax specialization, completion of the Preliminary Core (unless waived) or permission of the Chairperson or Chairperson?s designee.


The City University reserves the right, because of changing conditions, to make modifications of any nature in academic programs and requirements of the university and its constituent colleges without advanced notice. Students are advised to consult regularly with college and department counselors concerning their programs of study.

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