ACCT 401 - Accounting And Taxation Implications in The Sports Industry

Institution:

Widener University-Main Campus

Subject:

Description:

This course is designed to explore selected accounting and tax issues particularly common to the sport industry. Topics include the accounting and tax treatment of leases, television rights, intangible assets, and deferred compensation contracts. In addition, franchise accounting valuation measures are discussed along with related party transactions and a variety of contingencies. In this area, conflicts of interest and ethical matters surrounding bargaining issues and players' contracts are discussed. Further, because this industry is characterized by a large volume of transactions with significant amounts of cash changing hands, students will examine budgeting procedures and internal controls pertinent to the sports franchise. Finally, the course also discusses two controversial areas pertaining to amateur sports: the tax consequences of athletic scholarships to the granting institution and the scholarship- recipient and the status of contributions and similar payments to amateur athletic organizations. Prerequisite: ACCT 204 and ACCT 205. 3 semester hours

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.widener.edu

Phone Number:

(610) 499-4000

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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