Tax Accounting II - CIT 2400-ZEWW946(ACCA)
Consecutive lectures focus on the following topics:
1. The framework of taxation in Poland, including: legal acts, the definition of tax, functions of taxation, parties to taxation, tax authorities and their jurisdiction, tax liabilities, GAAR, tax proceedings, verification activities and tax control, tax secrecy, and elements of fiscal criminal law.
2. Scope of corporate income taxation (available forms of taxation). Companies' obligations in tax law, including: sources of income, deadlines, tax returns,
advance payments, tax liabilities and overpayments, transfer pricing and tax documentation,
3. Deductions, reliefs and tax exemptions.
4. Revenue according to tax and accounting law.
5. Tax deductible costs and costs under accounting law.
6. Fixed and intangible assets (including depreciation, liquidation, sale, permanent write-offs and operating and finance leases) according to tax and accounting law.
7. Taxation of foreign income, including foreign controlled companies. Implications of incurring expenses and earning income in foreign currency.
8. Calculation of the tax base and tax liabilities (including from several sources).
9. Tax records (accounting books), including permanent and temporary tax differences, as well as deferred tax assets and liabilities.
Type of course
Course coordinators
Learning outcomes
A) Knowledge
Upon completion of the course, the student knows the principles of taxation of income of legal persons in Poland (including selected partnerships) and is familiar with tax obligations, including requirements related to tax records and declarations. The student is aware of the deadlines required by tax law and the sanctions for non-compliance with tax requirements.
B) Skills
Students will be able to correctly identify and record income and expenses for tax purposes, identify appropriate and possible methods of taxation of individual incomes, and be able to calculate taxable income, tax base and determine tax liability or tax overpayment.
C) Social expertise
The student will expand the knowledge and skills acquired to the extent necessary to perform professional work in the financial, accounting and tax departments of companies that are legal entities, as well as to consciously settle or control tax settlements concerning the income of their own company.
Thanks to a broad view of various accounting and tax problems, the student is able to think and act in an ethical manner and identify possible tax risks for the company, its management and its shareholders resulting from the improper application of tax rules.
Assessment criteria
Following methods for evaluation are used: - final exam (70% of final grade), - indivudal shorts tests prior and after the class, group homework and individual activity during classes (30% of final grade).
A passing grade is a prerequisite for completing the course:
the practical part, and
written examination.
As part of the practical part, students are required to participate in short tests (individually) to check their preparation for class (pre-tests) and their understanding of
the tax issues discussed in class (summary-tests) and to participate (in groups) in homework. Students can earn extra credit on the practical part by:
active participation in class, including answering questions asked by the instructor during class, and
active participation in the discussion forum, including through own analysis of the legislation, case-law and preparation of own recommendations related to the tax
implications of practical situations encountered by the instructor or students in their professional or personal life.
The practical part of the course is assessed on the basis of the results of the extended homework done in groups and the individual results from the pre- and summary-tests.
The homework assignment requires students to analyse an extended case study in terms of the principles of taxation, calculate the tax liability and complete sample tax returns and records.
The pre-tests require the student to read the teaching material (including selected excerpts from key laws) before the class. The pre-tests involve multiple-choice questions on the theory contained in the teaching material. The pre-tests (which check understanding of the theory given in the teaching material) apply only to the forthcoming classes.
The summary-tests require the student to understand the practical application of tax legislation to a particular case study discussed in class. Summary-tests multiple-choice questions and/or open problems on the practical application of theory. Summar-tests (which check the practical application of the theory taught in class) may cover a number of selected classes.
Team work consists of solving assignments in groups of up to four people (at home) on issues discussed in class. These assignments relate to the analysis of a case study in terms of taxation principles, answering specific questions, calculating tax liability and preparing tax records and returns. Homework may relate to a number of selected classes.
A minimum grade of 3 in the practical part of the course is a prerequisite for taking the examination.
The exam consists of multiple choice and open questions.
The exam covers all the classes and topics covered in the semester. The exam is divided into two parts worth a total of 50 marks: part A consisting of 15 multiple choice questions (each question worth 2 marks) and part B consisting of 2 open questions (each question worth 10 marks). The exam is written individually. Each student is required to pass it.
During the examination, students may only use the materials and tools provided by the instructor directly (in written form) or on a computer available in the computer lab (in electronic form) and physical calculators without the function of programming automatic solutions to tasks. Students are not allowed to use their own notes, the Internet for any purpose other than filling in the online answer form or mobile phones.
The following materials are made available by the instructor for the examination:
answer sheet (written & online),
automatic task content with individual task marker (online),
marked blank pages for notes (written),
Excel spreadsheet for calculations (online),
excerpts of key tax laws (written & online),
tax information sheet presenting to a greater extent than required to solve the exam: key tax rates, tax limits, statistics, etc.
All exam materials (written and online) are taken away from students (either by taking away written materials or blocking access to online materials) at the end of the exam. All student notes during the exam (written and on-line) are collected by the examinator.
The final grade for the Tax Accounting CIT (ACCA) course is calculated using the following formula:
30% of the mark from the practical part + 70% of the mark from the exam.
A prerequisite for successful completion of the course is the passing of an examination and a final mark of 3 or higher in the course.
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: