Tax accounting II 2400-M2FPRP
The purpose of this course is to familiarize students with fundamental terms and regulations of tax accounting. Furthermore, tax regulations with special focus on corporate income tax and value added tax will be explained. Students will be introduced to the problem of revenue and cost classification that arise from differences between accounting and tax law, and to the recording procedure of economic operations related to income tax, VAT and other levies. Reporting obligations and methods of calculating income and tax base will be introduced, thus students will be able to identify and calculate tax liabilities using additional information from accounting system.
Course is designed for students of the second year second degree studies on track Finance, Investments and Accounting (specialization: Public Finance and Taxes). The course will be realized in the form of seminars during which students will be introduced to theory and it’s practical use in company tax recording. During classes students will solve tax-based problems in accounting. Students can get extra points for activity during classes and solving voluntary homework. After each module short knowledge assessment test will be held.
1. Corporate income tax – objective and subjective scope
2. Classification and examples of revenues and costs under corporate income tax act.
3. Recording of revenues and costs under corporate income tax act.
4. Exchange rate differences
5. Permanent and temporary book-tax differences
6.Deferred income tax and examples of deferred income tax assets and liabilities
7. Irrecoverable debts and payment delays
8. Process on calculating taxable income, tax base and tax liability
9. Provisions in accounting and taxes
10. Tangible assets and intangibles in accounting and tax law
11. Tax returns in corporate income tax CIT
12. Value added tax (VAT) – principles and conditions of taxation and documentation requirements for account books. Charged and due VAT settlement.
13. Preparing the VAT-7 tax return
14. Student's presentations
15. Written exam.
Type of course
Upon the course completion student:
1. knows rules of taxable income and taxable base calculation
2. knows rules of balance and tax value assessment for the deferred income tax
3. understands regulations of tax law
4. knows principles of tax reporting
1. correctly classifies and records taxable and non-taxable revenues and costs
2. identifies differences between accounting and tax law, permanent book-tax differences
3. identifies differences between accounting and tax law, temporary book-tax differences
4. calculates taxable income, tax base and tax liability
5. calculate deferred income tax and deferred income tax assets and liabilities
6. correctly classifies and records operations related to VAT-taxed purchases and sales
1. analyses economic operations in the light of accounting and tax regulations
2. follows the professional ethics and respects tax law and disclosures in the financial statement
3. understands the role of accounting system in computing company current and future tax liabilities
KW01, KW02, KW03, KW04, KU01, KU02, KU03, KU04, KU05, KU06, KU07, KK01, KK02, KK03
The obligatory presence. Assessment based on written exam at the end of semester. Tests (multiple choice) at the beginning of classes assess knowledge from the specific topics (modules) introduced during classes. Written exam composed from multiple choice questions (test part) and open tasks.
Test part concerns tax regulations (corporate income tax, value added tax) and rules of current and deferred income tax. Open tasks concerns calculation of financial profit/loss, taxable income, tax base tax liability, permanent and temporary book-tax differences, current and deferred income tax and recording of operations related to domestic and international purchases/sales of goods and services.
In case of voluntary frequent team homework completeness and correctness of solution and its presentation is assessed.
The final mark will be based on the sum of points gained from short tests / team homework (max. 30 pts.), presentation (max 20 points) and written exam (max 50 pts.). Minimal requirement to pass the course is to get at least 20 pts. from written exam and at least 50 pts. (overall) from the course.
The final mark according to the points:
0 – 49 = fail (ndst) (2)
50 – 60 = satisfactory (dst) (3)
61 – 70 = satisfactory + (dst +) (3,5)
71 – 80 = good (4)
81 – 90 = good + (4,5)
91 – 100 = very good (5)
The obligatory literature:
Winiarska Kazimiera, Startek Katarzyna, Rachunkowość podatkowa. Zadania, pytania, testy, Wydawnictwo C.H. Beck, Warszawa, 2014.
Zasiewska Katarzyna, VAT. Podstawowe zasady i ujęcie w rachunkowości, Wolters Kluwer Polska SA, Warszawa, 2013.
Beger Tomasz, Liss Piotr, Podatki dochodowe w działalności gospodarczej i podatki kosztowe, Stowarzyszenie Księgowych w Polsce, Warszawa, 2014.
Ustawa z dnia 29 września 1994 r. o rachunkowości, tekst jednolity, opracowany na podstawie Dz. U. z 2013 r. poz. 330, 613, z 2014 r. poz. 768, 1100, z 2015 r. poz. 4.
Ustawa z dnia 15 lutego 1992 r. o podatku dochodowym od osób prawnych, tekst jednolity, opracowany na podstawie
Ustawa z dnia 11 marca 2004 r. o podatku od towarów i usług, tekst jednolity.
Educational materials on the FASTER platform, Module 4 Tax Accounting (PL version).
Information on level of this course, year of study and semester when the course unit is delivered, types and amount of class hours - can be found in course structure diagrams of apropriate study programmes. This course is related to the following study programmes:
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: