Corporate Taxation and Financial Planning (5 cr)

Evaluation scale

0-5

Objective

The object of the course
The mastery of taxation is important for enterprises and their owners. After completing the course, you will understand the significance of taxation for an enterprise and its owners, are able to calculate from the financial statement material the taxable income and net assets as well as the tax imposed on the owner from business income according to the legal form of the company. You are also able to calculate the most beneficial profit distribution from the taxation point of view. You are able to utilise the opportunities offered by financial statement planning in tax planning.

Course competences
Business competence
Ethical competence

The learning objectives of the course
You are familiar with the legislation on direct taxation of enterprises and understand taxation as part of financial administration. You understand the tax system as a whole and are able to predict the tax effects of different measures. You are able to calculate taxable income and anticipate the tax effects of different measures.

Content

Principal tax legislation, income tax system, legal forms and owners in taxation, taxation of business activities, financial statement planning.

Location and time

Classroom, check timetable.

Materials

Tomperi, S., Yritysverotus ja tilinpäätössuunnittelu. 29. painos or latest edition, Sanoma Pro Oy

www.vero.fi

Other literature as applicable, to be announced on the Moodle platform.

Teaching methods

Although the course is available in the day offering, the implementation is such that it can also be completed by multiform students.

Lesson
Written material
Video material
Learning assignments
Independent learning assignments
Weekly program

Exam schedules

Exam in week 47-48

1. resit exam in week 50
2. resit exam in week 2

Completion alternatives

Exercises to be handed in and exam.

Student workload

Lectures and exam 24 h.
Virtual study, Assignments, Quieries and Independent study 111 h.
Weekly study program.

Assessment criteria, satisfactory (1)

Adequate 1
You know the significance of tax planning for a company. You are familiar with the means of tax planning on a general level. You are able to prepare a regular calculation of taxable income.

Satisfactory 2
You understand the significance of tax planning in Finland. You are able to give examples of the most common means of tax planning. You are able to calculate the tax imposed on the owner in a customary situation.

Assessment criteria, good (3)

Good 3
You have an understanding of the opportunities available for tax planning in Finland. You are able to make the most commonly used tax planning solutions and calculate the tax imposed on the owner based on them according to the legal form of the company.

Very Good 4
You have a comprehensive understanding of the means available for tax planning in Finland. You are able to carry out the company’s tax planning and calculate the tax imposed on the owner based on it according to the legal form of the company.

Assessment criteria, excellent (5)

Excellent 5
You have a comprehensive understanding of the means and opportunities available for tax planning in Finland. You are able to carry out tax planning for a company and its owner independently and in a goal-driven way and calculate the taxes imposed.

Qualifications

Basics of taxation, basics of financial statements.

Further information

Avoin amk 5