Study Guide

Objective

Students
-know the structure of companies income taxation
-can apply tax laws when performing a company´s result planning
-know the importance of corporate social responsibility and sustainable tax planning

Content

- structure of direct taxation
-income taxation
- income taxation for different company forms
-taxation of business activities
-tax reliefs
-property taxation
-taxation of farming
-tax planning

Location and time

-spring semester 2024

Materials

Tomperi, S.: Yritysverotus ja tilinpäätössuunnittelu. Helsinki. Oy Edita Ab.
Tax Laws
Articles and material from vero.fi
Exercises and other literature informed in Moodle

Teaching methods

-lectures and exercises
-project work

Student workload

135 h

Evaluation scale

H-5

Assessment criteria, satisfactory (1)

Students understand the structure of the income tax system and can explain how the various company forms are taxed for their activities.

Students understand the Business Tax Act and how it affects companies' taxation.

Students understand the importance of year-end and result planning for the company.

Assessment criteria, good (3)

Students can explain the structure of the income tax system and can calculate income tax for different types of company forms. Students can perform simpler income tax returns for companies.

Students can explain about the Business Tax Act and know about the companies' taxable and tax-free income and deductible and non-deductible expenses.

Students can plan and prepare financial statements for different types of companies, taking into account current tax legislation.

Assessment criteria, excellent (5)

Students can explain the structure of the income tax system and calculate income taxes for different types of companies. Students can independently compile the companies' income tax returns.

Students can apply independently the Business Tax Act in calculations regarding companies' taxable results.

Students can independently plan and prepare financial statements for different types of companies, taking into account current tax legislation. Students can take advantage of the different options available and can explain the consequences of tax measures.

Assessment criteria, fail (0)

Criteria for grade 1 is not met

Assessment criteria, satisfactory (1-2)

Student knows the structure of companies income taxation.
Student understands the company taxation.
Student understands the meaning of a company´s result planning.

Assessment criteria, good (3-4)

Student can explain the structure of companies income taxation and can calculate income taxes for different types of organizations. Student can perform income-tax return for a company.
Student can explain the company taxation and knows what incomes are taxable and what costs are deductable.
Student can apply tax laws when performing a company´s result planning.

Assessment criteria, excellent (5)

Student can explain the structure of companies income taxation and can calculate income taxes for different types of organizations. Student can independently perform income-tax return for a company.
Student can explain the company taxation and knows what incomes are taxable and what costs are deductable. Student can independently perform tax calculations.
Student can independently apply tax laws when performing a company´s result planning for all kinds of business structures.

Qualifications

Basics of Financial Accounting, Financial Accounting in different Forms of Companies and Organizations
Advanced Financial Accounting