Meeting the Demands of the Accounting Curriculum: An Integrated Approach Using a Tax Research Case Assignment

Abstract

This paper discusses a pedagogical approach that incorporates multiple critical topics in the accounting curriculum using an integrated tax research case. Our approach is designed to develop students research, data management and analysis, critical thinking, decision-making, and professional communication skills. These goals are achieved through the use of an integrated assignment requiring students to conduct research, decide how to use an assortment of information sources, conduct analysis of data and business documents, and arrive at and communicate a conclusion. The key issue is reasonable compensation, a highly litigated tax issue which requires students to identify relevant authority found across many court cases. The use of a closely held business with multiple family members with different fact patterns exposes students to different outcomes with a varying degree of complexity. Students must analyze business documents and firm- and industry-level data to determine the appropriate tax treatment. Further, the case scenario exploits the fact that reasonable compensation is a tax issue in which circuit courts have ruled differently on the same issue, requiring in-depth research and interpretation of primary authority. Students are also exposed to differing outcomes based on entity type. We provide discussion of our multiple implementations and student questionnaire results to support the efficacy of our approach. We have prepared resources to help instructors implement this pedagogical approach, including a completed data analysis, supporting summary tables, and an in-depth discussion of the primary authority related to reasonable compensation.

Citation

Adams, M.T., Inger, K.K. and Meckfessel, M.D. (2020), "Meeting the Demands of the Accounting Curriculum: An Integrated Approach Using a Tax Research Case Assignment", Calderon, T.G. (Ed.) Advances in Accounting Education: Teaching and Curriculum Innovations (Advances in Accounting Education, Vol. 24), Emerald Publishing Limited, Leeds, pp. 49-66. https://doi.org/10.1108/S1085-462220200000024009