Taxation Accounting

Learning Outcomes

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; Analyze the effects of foreign currency on tax accounting; Explain and understand the effects of business combination and international taxation on the tax accounting; 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
9. Components of Tax Purposes Financial Statement: Expenses
10. Foreign Currency Financial Statements
11. Effects of Business Combinations and International Taxations
12. Accounting for Income Tax
13. Taxable Income Reconciliations and Tax Return Preparations