International Accounting and Taxation (5 cr)

Evaluation scale

H-5

Schedule

Contact classes on Wednesdays at 8:30-11:45, during 13 weeks. Classrooms can be found from Moodle as rooms change during the course. Course teachers are Heli Kortesalmi (IFRS, consolidated statements) and Anne Arkima (international taxation).
Week 1, 22nd Aug: Introduction to the course, forex exchange diffs, basics of consolidated accounts, what is a group, basic eliminations
Week 2, 29th Aug: Basics of consolidated account eliminations, foreign subsidiary elimination,
Week 3, 5st Sept: Consolidated accounts, elimination of internal ownership in acquisition, Goodwill SW: Primavista
Week 4, 12th Sept: Consolidated accounts, non-controlling interest, assessment: home assignment (submission deadline 18th October) SW: Primavista
Week 5, 19th Sept: PBL method recapping, IFRS intro
Week 6, 26th Sept: IFRS PBL session, Revenue recognition
Week 7, 3rd Oct: IFRS PBL session, Leasing, IFRS summary & thesis ideas
Week 8, 10th Oct: Introduction to international taxation
Intensive week 17th Oct – no lesson
Week 9, 24th Oct: International taxation PBL session, transfer pricing
Week 10, 31st Oct: International taxation PBL session, BEPS
Week 11, 7th Nov: Cross border VAT, EU products / services
Week 12, 14th Nov: Cross border VAT, Import and export
Week 13, 21st Nov: VAT exam

Implementation methods, demonstration and Work&Study

Contact and distant sessions or Work&Study.
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.

Materials

Learning assignment and exercise material given by the lecturer
Recommended websites:
IFRS foundation’s website: www.ifrs.org, Deloitte’s IFRS website www.iasplus.com,
Other reliable consulting companies’ websites (KPMG, E&Y, PWC)
For the taxation part:
Eiteman, Stonehill, Moffett: Multinational Business Finance. 13th ed. 2013 or newer. Chapter 15 only. Pearson. 13th edition https://ebookcentral.proquest.com/lib/haaga/detail.action?docID=5186333.
VAT site of European Commission: https://ec.europa.eu/taxation_customs/business/vat_en
VAT site of Finnish Tax Administration (VERO): https://www.vero.fi/en/businesses-and-corporations/about-corporate-taxes/vat/
Worldwide VAT, GST and Sales Tax Guide. EY. 2016: link to publication
Also KPMG, PwC, Deloitte and E&Y sites

Teaching methods and instruction

PBL Problem-based learning, lectures, Excel assignments.

Working life connections

Cases, assignments and examples are based on real-life examples from business.

Exam dates and re-exam possibilities

Assessment of the course is based on assignments, VAT exam and PBL discussions. In case you don't pass these or want to increase your grade, you can do a re-examination of FULL COURSE. Re-examinations are provided in electronic examination system at following periods:
1st retake: 3. - 8.12.2018
2nd retake: 14. - 19.1.2019

Internationality

All course contents are linked to international business environment.

Completion alternatives

Recognising and validating prior learning (RPL)
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.

Learning assignments

20% PBL sessions of IFRS and International taxation (4 sessions)
20% PBL memos (if absent from PBL session, submit memo, grade max 2)
25% Consolidated accounts assignment
35% Cross border VAT exam

Assessment methods

20% PBL sessions of IFRS and International taxation (4 sessions)
20% PBL memos (if absent from PBL session, submit memo, grade max 2)
25% Consolidated accounts assignment
35% Cross border VAT exam