Tax accounting
- Credits: 6
- Ending: Examination
- Range: 2P + 2C
- Semester: summer
- Faculty of Economic Informatics
Teachers
Included in study programs
Teaching results
The aim of the education is to acquire knowledge in the field of income taxation of both natural and legal persons. The aim of the course is also to consolidate the already acquired knowledge and skills in keeping accounting records and at the same time to acquire other skills and competencies such as. keeping tax records, which prove the amount of taxable income and tax-deductible expenses of a natural person. After completing the course, the student has knowledge of the basic principles of income taxation in the Slovak Republic.
By completing the course, students will gain:
knowledge - based on data from accounting or records for a natural person to calculate the amount of the tax base and tax,
skill - the ability to correctly choose the methodology and procedures needed to quantify the income tax base of taxpayers of natural and legal persons, the use of the possibilities of optimizing the tax burden provided by the applicable legislation,
Competence - analysis of the achieved taxable income of a natural person, their identification according to individual types that are subject to tax and subsequent assessment of tax deductibility of expenses for individual types of income. Calculation of the tax base and special tax base and tax amount of a natural person. Transformation of profit or loss on a tax basis. Compilation of tax declaration for income tax of both natural person and legal entities.
Indicative content
Tax characteristics, basic concepts and tax classification. Tax system in the SR. Identification of obligations of natural persons, entrepreneurs and legal entities when starting a business. Analysis of the possibilities of proving and applying expenses of natural persons for the needs of determining the income tax base (bookkeeping, tax records, determining the amount of expenses as a percentage of taxable income). Basic rules of keeping accounting records in a system of simple accounting. Financial statements in the system of simple accounting. Taxes as a subject of accounting. Natural persons: partial tax bases, special tax base. Identification of individual types of income. Application of non - taxable parts of the base. Identification of income from capital assets and other income. Compilation of personal income tax declaration. Legal entities: accounting for costs, revenues and quantification of profit before tax in income tax. Adjustment of the achieved profit outside the accounting system based on tax and calculation of income tax and its accounting. 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. Accounting and tax obligations of entrepreneurs, natural and legal persons when starting a business. Analysis of the possibilities of proving and applying expenses of natural persons for the needs of determining the income tax base (bookkeeping, tax records, determining the amount of expenses as a percentage of taxable income). Tax characteristics, basic concepts, tax classification. Slovak tax system. 2. System of simple accounting - subject, peculiarities, legal regulation. Simple accounting system - accounting books. Accounting methodology in cash journal and other accounting books. 3. Assets and liabilities of a natural person entrepreneur: long-term tangible assets, long-term intangible assets, inventories, long-term financial assets, short-term financial assets, receivables and liabilities - valuation, accounting and reporting in simple accounting. Financial statements in the system of simple accounting. Work procedure for compiling financial statements in the system of simple accounting. Personal income tax declaration (Type A, Type B). 4. Income tax FO - subject of tax, tax base, partial tax bases, special tax base. Income from business, other self - employed activity, rent and use of work and artistic performance. 5. Income tax FO - income from dependent activity, income from dependent activity, which is not subject to tax, income from dependent activity exempt from tax. Non - taxable parts of the tax base. 6. Income tax FO - special tax base on capital assets, other income, income exempt from tax. Tax base, tax rate. 7. Accounting presentation and tax deductibility of expenses / costs due to depreciation of tangible and intangible fixed assets. Depreciation interruption options. 8. Accounting presentation and tax deductibility of expenses / costs for consumed fuels, travel allowances, meals for employees, etc. 9. Accounting presentation and tax deductibility of costs included in the tax base only after payment. 10. General provisions on the determination of the tax base. Items adjusting the profit or loss or the difference between revenue and expenditure. 11. Compilation of a corporate income tax declaration. 12. Property taxes. Obligations of the entrepreneur FO at the change of the accounting system and at the end of the business. 13. Summary example of bookkeeping and compilation of income tax declaration. Final review and summary.
Requirements to complete the course
26 hours of lectures
26 hours of seminars
13 hours of preparation for the lectures
26 hours of preparation for the seminars
24 hours of preparation for the continuous written essay (40 % of the overall grading)
41 hours of preparation for the final written exam (60 % of the overall grading)
Total study load (in hours): 156
Student workload
26 hours of lectures
26 hours of seminars
13 hours of preparation for the lectures
26 hours of preparation for the seminars
24 hours of preparation for the continuous written essay (40 % of the overall grading)
41 hours of preparation for the final written exam (60 % of the overall grading)
Total study load (in hours): 156
Language whose command is required to complete the course
slovak
Date of approval: 11.03.2024
Date of the latest change: 15.12.2021