Is federal taxation the same thing as income tax accounting?

Matt Sanders: Is federal taxation the same thing as income tax accounting?
Descrition of Intro to federa taxation: An introduction to US federal taxation as it applies to individuals and business entities including proprietorships, partnerships, C Corporations, S Corporations.

Description of income tax accounting is: Analysis of recent revenue acts; use of federal law and regulations to determine tax liability.

Answers and Views:

Answer by soaplakegirl
It sounds like Federal Taxation takes a broader look at the whole tax code. I’m guessing there’s more law and research involved in that class. Income Tax Accounting focuses just on the laws and regulations behind preparing tax returns.

Answer by tro
federal taxation probably refers to the tax code
tax accounting would be ‘accounting’ for taxes

Answer by Dan D
Federal taxation is the taxation that you are used to hearing about. It is learning about how Corporations. Partnerships, Individuals, etc file their tax returns.

Income tax accounting is more on the financial accounting side. In financial accounting a company issues an income statement that shows the calculation of Revenue – Expenses = Net Income. Basically showing how much money a company earned or how much money they lost. One of the biggest Expense of a company is the Income Tax Expense, the money it pays to the IRS for taxes. There is a lot of calculations involved to determine the dollar amount to include as Income Tax Expense on a company’s Income Statement. In Income Tax Accounting you will learn about how to calculate the Income Tax Expense on the company’s Income Statement.