Bookkeeping and Taxation in Agriculture and Forestry (7 cr)

Evaluation scale

0-5

Objective

The students can make and interpret a company’s bookkeeping and financial statements according to the principles of double-entry bookkeeping. They know the internal and external registration task of bookkeeping, can calculate and interpret the indicators related to financial statements, and master the basics of value-added taxation.
The student master agricultural and forestry bookkeeping, taking into account the requirements of financial planning, monitoring and legislation. They can make tax declarations, calculate the taxes to be paid, and plan their own taxation. They know the basics of such taxation issues as the transfer of a farm to a descendant and the taxation of capital gain and real estates.

Content

Double-entry bookkeeping, wages accounting, internal and external registration task, financial statements
and VAT.
The basics of agricultural and forestry income tax and value added tax (VAT), agricultural and forestry bookkeeping manually and with a bookkeeping software, filling in tax return forms, the calculation of taxes, tax planning, the rendering of account for taxes, appeals on taxation, the basics of the transfer of a farm to a descendant and the taxation of capital gain and real estates.

Materials

Tomperi, Soile. 2018. Käytännön kirjanpito; Tomperi, Soile. 2018. Käytännön kirjanpito. Harjoituskirja; Kiviranta, E. Maatilaverotus. e-kirja; Jauhiainen, H. Metsäverokirja 2019. Metsäkustannus; osoitetut verohallinnon verkkosivuilta löytyvät oppaat ja ohjeet;
Maaseudun tulevaisuuden liite Vero-ohjeet 2019;

Teaching methods

classroom teaching, assignments, independent study

Exam schedules

Farm taxation exam in February 2022
1. resit exam in March 2022
2. resit exam in April 2022

Student workload

Classroom teaching 28 h, assignments 74 h, independent study 83 h, exams 4 h, total 189 h.

Assessment criteria, satisfactory (1)

1. The student can do bookkeeping in a small company according to the principles of double-entry bookkeeping.
Based on receipts, the student can perform agricultural and forestry tax bookkeeping with bookkeeping software and fill in tax return forms.
2. In addition to earlier the student is able to calculate and interpret the indicators related to financial statements, and master the basics of income and value-added taxation.
3. In addition to earlier the student can calculate the taxes to be paid.
4. In addition to earlier the student is able to plan taxation in short and longer term.
5. In addition to earlier the student can apply his/her knowledge to more demanding bookkeeping and taxation situations. The student know basics of issues such as the transfer of a farm to a descendant and the taxation of capital gain and real estates.