Tax Accounting ZSU03180

Course content:
The general differences between the tax accounting law and the financial accounting law:
The basic rules for tax accounting. Types of tax accounting methods for tax purposes.
A temporary and a permanent differences between financial reporting income and taxable income. Deferred tax. Declarations and tax returns for corporate income tax law.
The effects of events on income taxes:
The valuation of an fixed assets and intangible and legal assets for accounting purposes and for tax purposes.
Capital cost allowance and accounting amortization of a fixed assets.
Non-deductible expenses. Goodwill.
The improvement of fixed assets.
The effects of changes in foreign exchange rates. The calculation of taxable income.
Income tax liability.
Learning outcomes:
Students learn about the legal basis of accounting, principles of postings business transactions, a temporary and a permanent differences between financial reporting income and taxable income