TAXATION ACCOUNTING (2/2 Credits)

Learning outcome:

On successful completion of this course, students will be able to: Explain and understand the basic concepts of tax accounting and financial statements for tax    purposes; Explain and understand the components of financial statements for tax purposes; Explain and understand permanent and temporary difference in taxable income reconciliation; Prepare annual tax return.

Topics:

1. Basic Concepts of Tax Accounting;
2. Tax Purpose Financial Statements;
3. Components of Tax Purposes Financial Statement: Currents Assets;
4. Components of Tax Purposes Financial Statement: PPEs and Intangibles;
5. Components of Tax Purposes Financial Statement: Long term investment and liabilities;
6. Components of Tax Purposes Financial Statement: Equities;
7. Components of Tax Purposes Financial Statement: Tax Receivables/Payables;
8. Components of Tax Purposes Financial Statement: Revenues and Expense;
9. Accounting for Income Tax;
10. Taxable Income Reconciliations and Tax Return Preparations