•   Financial Statements and Corporate Tax ECO005AS2AE-3003 13.01.2025-14.03.2025  5   (CONTACT, ...) +-
    Learning objectives
    After having completed this course or attained an equivalent competence level, the student:
    - is able to prepare statutory financial statements for a small company according to accounting standards
    - is able to identify key international accounting standards
    - is able to apply accrual principle in the valuation of assets and liabilities of a company
    - is able to identify the minimum requirements of sustainability reporting in the financial statements
    - is able to prepare cash flow statement
    - is able to derive taxable income from the net income
    - is able to distinguish tax implications in different company forms and analyse total tax rate from owners’ perspective
    Starting level and linkage with other courses
    Course ECO002AS2AE Financial accounting or similar competence level gained
    Contents
    - accounting principles and standards
    - essential period end adjustment and valuation principles
    - contents of the financial statement including notes
    - cash flow statement
    - non-financial information
    - income taxation of a company
    Assessment criteria
    Assessment criteria - grade 1
    When the implementation type of the course is CONTACT, ONLINE or BLENDED it is required that the student is present during those teaching hours that are marked in the study schedule. If you are absent more than 25 %, your grade will be lowered by one. If you are absent more than 50 %, the course is failed.

    Student
    - is able to assist in preparing the financial statements and prepare some basic period end adjustments
    - is able to recognize the difference between taxable income and net income
    - is able to distinguish tax rules for different company forms
    Assessment criteria - grade 3
    Student
    - is able to prepare financial statements according to accounting principles and standards
    - is able to apply valuation principles to assets and liabilities
    - is able to prepare basic cash flow statement
    - is able to outline basic requirements for sustainability reporting
    - is able to derive taxable income from the net income
    - is able to choose applicable tax rules for different company forms and provide some advice on tax matters to management and owners
    Assessment criteria - grade 5
    Student
    - is able to prepare independently financial statement by applying all necessary accounting standards and principles
    - is able to verify and justify that financial statements give a true and fair view of the company
    - is able to prepare cash flow statement
    - is able to apply common sustainability reporting requirements in connection to financial statements
    - is able to derive taxable income from the net income
    - is able to choose applicable tax rules for different company forms and recognize the differences in their total tax rate
    - provide advice on tax matters to management and owners
    Learning material and recommended literature

    Harrison, W. T., Thomas, C. W., Tietz, W. M. & Suwardy, T. (2018). Financial accounting: International financial reporting standards (11th edition, global edition.). Pearson. Chapters 4, 11. (tbc)

    Accounting Act and Decree
    Applicable tax laws

    Other materials informed by the course teacher.

    Campus

    Pasila Campus

    Teaching language

    English

    Timing

    13.01.2025 - 14.03.2025

    Enrollment

    02.01.2025 - 10.01.2025

    Groups
    • CONTACT
    • IBE5PAACC
    • EXCH
    Teachers

    Nina Wildeboer

    Seats

    15 - 45

    Degree Programme

    INTBBA International Business

    R&D proportion

    0.00 cr

    Virtual proportion

    0.00 cr

    Evaluation scale

    H-5