TAXATION ACCOUNTING (4 Credits)

Learning Outcomes:

On successful completion of this course, students will be able to: LO1 – explain the difference between accounting and tax accounting, and also basic principles of tax accounting; LO2 – explain tax accounting for assets; LO3 – explain tax accounting for liabilities and equities; LO4 – explain tax accounting treatment for specific transactions; LO5 – prepare fiscal reconciliation for annual tax return reporting based on tax regulation..

Topics:

1. Convergence of accounting standards and Taxation regulation;
2. Basic principles of tax accounting;
3. Current assets accounting;
4. Fixed assets accounting;
5. Revaluation and business combination;
6. Intangible assets accounting;
7. Liabilities, investments, equites and foreign currency accounting;
8. Income taxes accounting;
9. Rent and construction accounting;
10. VAT and Tax on Luxury Goods Accounting;
11. Expenses and loss compensation;
12. Fiscal reconciliation.