You will broaden your knowledge in selected areas of financial accounting. You can prepare cash flow statement for a firm and understand the requirements for full statutory financial statement information. You use the basic international tax rules applicable in international trade e.g. cross border VAT and transfer pricing. You know how to define taxable profit and calculate the final tax expense for different forms of business organization. You can communicate financial information to various stakeholders.

• cash flow statement
• notes to the financial statements
• foreign currency translations
• cross border VAT
• taxable profit, tax expense, transfer pricing
• communication of financial information

If you have acquired the required competence in previous work tasks, recreational activities or on another course, you can show the competence with a demonstration and progress faster through your studies. More information and instructions for RPL are available at MyNet.

Course format
Contact and distant sessions or educationalisation.

Materials to be announced in the implementation plan.

Cooperation with the business community
Guest lecturers, company visit, tax authority visit

Internationality
All course contents are linked to international business environment.

Prerequisite: ACC3LF101 Financial Accounting.

Knowledge
You know the key concepts within the course’s scope, but are yet to develop the general view and the big picture of the subject matter.
Skills
You can complete given tasks and assignments with assistance. You need to develop how to apply knowledge
Competence
You demonstrate some ability to perform skills and have basic knowledge, but you have difficulty to manage without assistance.

Knowledge
You know the key concepts well and can explain how the theories and models function and the tools are used. You have a general view of the subject matter.
Skills
You complete given tasks and assignments independently. You apply knowledge in hands-on business related situations. You can critique your own practice and identify ways to improve.
Competence
You demonstrate sufficient ability to perform skills and have basic to good knowledge. You can perform independently, but you have some challenges in passing on your skills and knowledge to others. You have an interest in professional development.

Knowledge
You have a strong command of the key and related concepts. You can critically evaluate theories, models and tools. You can demonstrate explicit knowledge of the subject matter, and how it relates to other disciplines.
Skills
You apply knowledge in demanding business related situations. You can prioritize and critically select tools and methods for solving complex problems in the subject matter.
Competence
You execute skills with natural proficiency and you have detailed and explicit knowledge. You can perform independently and you are also able and actively willing to help others develop and pass on your skills. You have an attitude of continuous professional development.