Curriculum

The Rutgers School of Business–Camden PMST has an innovative curriculum that provides participants with cross-functional knowledge and helps them understand the complexity of today’s ever-changing global marketplace. The PMST is a lock-step, cohort-based program that is offered in six sessions. Each session runs for 10 weeks or 7 weeks with 2 classes per session.  The curriculum consists of 34 credits and the program focuses on the corporate enterprise as a whole from a cross-functional perspective. Along with the traditional business core courses, the program includes courses such as Technology & Data Management in Taxation, Legal Environments & Reasoning, M&A Taxes, Accounting for Income Taxes, and Tax Leadership & Practice. 

Please note: prerequisite course, Income Tax (3-credit course), must be taken by individuals that do not have any tax course or experience, prior to the commencement of the program.

 

 

Session

1

3-credit courses

May 6 – July 22, 2017

Corporate Income Tax

Provides an extensive study of corporate taxation and explores associated shareholder tax implications. This course examines corporate tax issues, necessary not only for tax practitioners but also for executives responsible for implementing tax-efficient strategies. Topics include capital formation and structure, the operations of the corporation, distributions, dividends and redemptions, sales and liquidations, and taxable and tax-free reorganizations.

Partnership & S-Corporation Taxation

Addresses challenging issues pertaining to pass-through entities. Partnership and S-Corporation topics include partnership formation and liquidation, special allocations, basis adjustments for operating items and deductions, credits to partners, S-Corporation pass-through taxation, asset protections, and tax qualification obligations.

 

Session 

2

3-credit courses

October 7 – December 16, 2017

Federal Income Taxation

Provides a comprehensive study of federal income tax concepts as they apply to individuals. This course examines gross income determination, deductions, credits, and tax accounting/timing rules. It also covers analysis of relevant tax principles (statutes, regulations, rulings, court cases, etc.) as well as statutory and administrative procedures and limitations.

Federal Tax Issues & Analysis

Examines tax issues from the perspective of corporate strategy. This course emphasizes property transactions (including the calculation of basis, gain/loss, and the resulting tax treatment). Students will perform tax planning and research related to these issues.

 

Session

3

2-credit courses

March 3- April 21, 2018

Technology & Data Management in Taxation

Introduces modern database technologies to analyze the tax efficiency of different business units and pinpoint tax planning opportunities and emerging trends. The course focuses on value-based tasks by analyzing data to drive tax planning decisions. It also explores collaborative relationships of tax accountants with other parts of the organization (such as finance and IT) to analyze financial activity and exploit their enterprise resource planning systems (ERPs).

Legal Environments & Reasoning

An introduction to the corporate legal environment. Curriculum includes an examination of the interrelationship between corporations, shareholders, employees, managers, and society. This course also addresses managerial aspects of antitrust and securities law.

 

Session

4

3-credit courses

May 5 – July 21, 2018

International Taxation

Examines U.S. taxation of foreign entities. Topics include jurisdiction to tax, source rules for income and expense, foreign tax credit, controlled foreign corporations, foreign earnings exclusion, tax treaties, and other related international tax issues. The course also addresses ethical issues associated with offshore earnings and tax avoidance, as well as international taxation of individuals.

M&A Taxes

Introduces tax considerations for M&A transactions, focusing on major M&A issues including basis step up, type of consideration used, capital gains versus regular income, and the ability of the Acquirer to use net operating losses of the Target.

 

Session

5

2-credit courses

October 6 – December 15, 2018

Income Tax Policy

Explores social, political, and economic implications of the Federal income tax system. This course emphasizes the purpose of taxation, understanding how tax policy is formed, and relevant economic considerations that drive this process. The course also traces the history of federal corporate income tax policy. Students will critically analyze current tax regulations and develop informed opinions regarding future tax proposals.

 

Tax Researcher & Seminar

Introduces the legislative history of the Internal Revenue Code (IRC), including the Treasury Department and the courts, along with methods for researching income tax laws. Students gain familiarity with the IRC and judicial interpretations by researching complex tax issues, such as those surrounding intellectual property, foreign tax credits, and compensation and benefits. All research sources and information, including database technologies, will be utilized to conduct effective tax research.

 

Tax Leadership & Practice

The leadership of the Tax Department plays a critical role in delivering value to the enterprise. With the pressure to add value, the spotlight on transparency around tax positions, and global focus on tax avoidance, it is essential to build a diversely talented tax organization with culture of integrity that can develop effective tax-saving strategies while being mindful of financial and reputational risk of the company. This course covers organizational considerations and development of a high-performing tax department with the essential qualities to drive performance in today’s complex and transparent global environment, emphasizing ethics and integrity.

 

Session

6

3-credit courses

March 12 – May 11, 2019

Accounting for Income Tax

This is a comprehensive course on accounting for income taxes that will cover the basic model of ASC 740 as well as intra-period tax allocation, accounting for intercompany transfers, indefinitely reinvested foreign earnings, uncertain tax positions, and required financial statement disclosures.

State & Local Taxation

Examines the most common types of taxes imposed by state and local governments including income, sales, excise, property, and city taxes. Emphasis is on underlying principles governing application of each type of tax and interrelationships where they exist.

 

*Schedule subject to change for any class