About this Course

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Flexible deadlines
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Intermediate Level
Approx. 30 hours to complete
English
Subtitles: English
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Flexible deadlines
Reset deadlines in accordance to your schedule.
Intermediate Level
Approx. 30 hours to complete
English
Subtitles: English

Offered by

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University of Illinois at Urbana-Champaign

Start working towards your Master's degree

This course is part of the 100% online Master of Science in Accountancy (iMSA) from University of Illinois at Urbana-Champaign. If you are admitted to the full program, your courses count towards your degree learning.

Syllabus - What you will learn from this course

Week
1

Week 1

1 hour to complete

INTRODUCTION TO THE COURSE

1 hour to complete
3 videos (Total 7 min), 4 readings, 1 quiz
3 videos
About Professor Matthew Hutchens1m
About Professor Petro Lisowsky3m
4 readings
Syllabus15m
About the Discussion Forums10m
Update Your Profile10m
Build a Learning Community with Social Media10m
1 practice exercise
Orientation Quiz30m
5 hours to complete

Module 1: Introduction to Cost Recovery and Depreciation

5 hours to complete
6 videos (Total 63 min), 2 readings, 7 quizzes
6 videos
Overview of Depreciation14m
Using the Depreciation Tables8m
Examples Using the Depreciation Tables7m
Depreciation of Business Use Realty13m
Depreciation in Year of Disposition5m
2 readings
Module 1 Overview and Resources10m
IRS Tables15m
7 practice exercises
Lesson 1.1 Knowledge Check30m
Lesson 1.2 Knowledge Check30m
Lesson 1.3 Knowledge Check30m
Lesson 1.4 Knowledge Check30m
Lesson 1.5 Knowledge Check10m
Lesson 1.6 Knowledge Check30m
Module 1 Quiz30m
Week
2

Week 2

4 hours to complete

Module 2: Accelerated Depreciation, Amortization, and Depletion

4 hours to complete
7 videos (Total 75 min), 2 readings, 7 quizzes
7 videos
Section 179 Election15m
Listed Property3m
Luxury Auto Limitations12m
Amortization11m
Depletion13m
Reporting Cost Recovery on Form 45628m
2 readings
Module 2 Overview and Resources10m
Luxury Auto Limitations10m
7 practice exercises
Lesson 2.1 Knowledge Check30m
Lesson 2.2 Knowledge Check10m
Lesson 2.3 Knowledge Check10m
Lesson 2.4 Knowledge Check10m
Lesson 2.5 Knowledge Check30m
Lesson 2.6 Knowledge Check30m
Module 2 Quiz30m
Week
3

Week 3

4 hours to complete

Module 3: Gains, Losses, and Adjusted Basis

4 hours to complete
5 videos (Total 49 min), 1 reading, 6 quizzes
5 videos
Basis and Realized Gains or Losses5m
Adjusted Basis: Cost Basis10m
Adjusted Basis: Gift Basis14m
Adjusted Basis: Inheritance Basis9m
1 reading
Module 3 Overview and Resources10m
6 practice exercises
Lesson 3.1 Knowledge Check30m
Lesson 3.2 Knowledge Check10m
Lesson 3.3 Knowledge Check30m
Lesson 3.4 Knowledge Check30m
Lesson 3.5 Knowledge Check30m
Module 3 Quiz30m
Week
4

Week 4

4 hours to complete

Module 4: Disallowed Losses, Like-kind Exchanges, and Involuntary Conversions

4 hours to complete
7 videos (Total 63 min), 1 reading, 7 quizzes
7 videos
Nontaxable Exchanges and Like-Kind Exchanges: In General9m
Part 1: Like-Kind Exchanges: Boot, Basis, and Holding Period5m
Part 2: Like-Kind Exchange Examples8m
Involuntary Conversions: In General10m
Involuntary Conversions: Replacement Time Period9m
Involuntary Conversions: Non-recognition Rules12m
1 reading
Module 4 Overview and Resources10m
7 practice exercises
Lesson 4.1 Knowledge Check10m
Lesson 4.2 Knowledge Check30m
Lesson 4.3 Knowledge Check30m
Lesson 4.4 Knowledge Check30m
Lesson 4.5 Knowledge Check30m
Lesson 4.6 Knowledge Check30m
Module 4 Quiz30m

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About the U.S. Federal Taxation Specialization

This Specialization introduces the U.S. federal tax system via conceptual and applied material. Learners will be able to apply basic principles to settings involving individuals, corporations, and other business entities, complete key components of major, individual U.S. federal tax returns, and identify tax-related strategies and implications of structuring transactions and organizations....
U.S. Federal Taxation

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