Accounting and taxes of legal entities I
- Credits: 5
- Ending: Examination
- Range: 0P + 2C
- Semester: summer
- Year: 3
- Faculty of Economic Informatics
Teachers
Included in study programs
Teaching results
The aim of the training is to acquire knowledge in the field of corporate income taxation, to consolidate knowledge and skills in keeping accounting records and to acquire competencies in compiling a corporate tax declaration.
By completing the course, students will gain:
knowledge - to understand the peculiarities of keeping accounting records with an emphasis on quantifying the economic result and subsequent transformation on the basis of tax,
skill - to determine and apply accounting procedures in the accounting of a legal entity, creation of an accounting schedule focusing on the creation of analytical accounts in a breakdown enabling the determination and quantification of the tax base of individual taxes,
competence - assessment of tax deductibility of expenses / costs at the level of the most common types of expenses / costs that are applied in the business entity, determination of the corporate tax base, preparation of the corporate tax declaration.
Indicative content
Identification of obligations of legal entities of entrepreneurs at the beginning of business. Taxes as a subject of accounting. Tax rates in the conditions of the Slovak Republic, basic rate, reduced tax rate, withholding tax. Accounting for costs, revenues and calculation of profit before tax. Analysis of selected types of costs and revenues in terms of their tax deductibility. Tax depreciation rules for business assets acquired through purchase, finance lease, free of charge. Specifics in the application of expenses / costs for assets that have a character and personal needs. Possibilities of applying expenses / costs: for consumed fuels related to business trips, for providing catering for employees, etc. Costs included in the tax base only after payment. Determination of the tax base by adjusting the economic result, identification of items increasing and decreasing the economic result in the process of transformation of the economic result into the tax base. Rules and conditions for quantification and payment of tax advances. Compilation of a corporate income tax declaration.
Support literature
1. Právne predpisy upravujúce oblasť účtovníctva a daní.
2. Príklady a podklady v elektronickej podobe poskytované prostredníctvom e-learningového portálu.
3. Štúdie vo vedeckých časopisoch a zborníkoch a články v odborných časopisoch.
Syllabus
1. Legal regulation of accounting and taxes of legal entities in the conditions of the Slovak Republic. Accounting presentation of taxes in the double-entry bookkeeping system. 2. Depreciation of long-term tangible and intangible from the accounting and tax point of view. Technical evaluation. 3. Tax deductibility of costs due to depreciation of business assets acquired: purchase, financial lease, business contribution, drawing a subsidy, etc. 4. Specifics in the application of expenses / costs due to depreciation for assets that have a character and personal needs. Depreciation interruption options. 5. Accounting presentation and tax deductibility of expenses / costs of consumed fuels and other expenses related to the operation of motor vehicles. 6. Accounting presentation and tax deductibility of expenses / costs related to employees' business trips. 7. Accounting presentation and tax deductibility of expenses / costs related to the provision of meals and other entitlements of employees within the framework of social policy, which must be provided by the employers. 8. Accounting presentation and tax deductibility of costs included in the tax base only after payment. 9. Accounting for costs, revenues and calculation of profit before tax. General provisions on the determination of the tax base. Items adjusting the profit or loss or the difference between revenue and expenditure. 10. Accounting for costs, revenues and calculation of profit before tax. General provisions on the determination of the tax base. Items adjusting the profit or loss or the difference between revenue and expenditure. Compilation of a corporate income tax declaration. 11. Collection and payment of taxes. Rules and conditions for quantification and payment of tax advances. 12. A summary example of bookkeeping and the compilation of a corporate income tax declaration. 13. Final review and summary.
Requirements to complete the course
26 hours of seminars
30 hours of preparation for the seminars
30 hours of preparation for the continuous written essay (40 % of the overall grading)
44 hours of preparation for the final written exam (60 % of the overall grading)
Total study load (in hours): 130
Student workload
26 hours of seminars
30 hours of preparation for the seminars
30 hours of preparation for the continuous written essay (40 % of the overall grading)
44 hours of preparation for the final written exam (60 % of the overall grading)
Total study load (in hours): 130
Language whose command is required to complete the course
slovak
Date of approval: 11.03.2024
Date of the latest change: 15.05.2022