ACCT254-18S1 (C) Semester One 2018

Taxation

15 points

Details:
Start Date: Monday, 19 February 2018
End Date: Sunday, 24 June 2018
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Friday, 2 March 2018
  • Without academic penalty (including no fee refund): Friday, 18 May 2018

Description

The general principles of taxation. Topics include: principles of residence and source, the taxation of income from employment, personal property sales, deductions, depreciation, leases and trading stock and the dispute resolution process. The course will provide a working knowledge of income tax, GST, and FBT.

The objective of ACCT254 is to give students an introduction into the general principles of taxation. Topics include the principles of residence and source, income from employment, personal property sales, deductions, depreciation, leases and trading stock. The course will provide a working knowledge of income tax, GST, and FBT and the dispute resolution process.
Because of both the limited time available and the increasing complexity of taxes, especially income tax, it is not possible to cover all aspects of tax law in the course. Therefore, reference should be made to the course outline for the topics that will probably be covered. This course focuses on the tax legislation as it is the legislation that largely gives rise to the rights and obligations in the area of taxation.  
The course builds on the foundations laid in the ACCT103 ‘Introduction to Taxation’ and ‘Income from Business’ lecture topics.
At the conclusion of the course, students should have an appreciation of the basic applications of the taxation laws and an understanding of issues concerning tax investigations. Students should be able to determine the net income of a taxpayer and have an appreciation of the importance of taxation in business decisions.
Completion of the course should also provide students with a framework to evaluate taxation issues, a foundation for further study in the advanced taxation courses, and provide a general level of awareness of taxation matters for future employment. The course also seeks to further develop student oral and written communication skills.

Learning Outcomes

Having engaged in learning during the course, students should be able to:

(a) Demonstrate a general understanding of the concept of the capital/revenue distinction;
(b) Demonstrate an understanding of the principles of residence and source;
(c) Determine the appropriate tax treatment of various income receipts and deductions;
(d) Demonstrate an understanding of both the Fringe Benefit Tax and Goods and Services Tax regimes;
(e) Demonstrate an understanding of the tax treatment of partnerships and trusts;
(f) Demonstrate an understanding of depreciation, leases and trading stock from a tax perspective;
(g) Demonstrate an understanding of the dispute resolution process.

University Graduate Attributes

This course will provide students with an opportunity to develop the Graduate Attributes specified below:

Critically competent in a core academic discipline of their award

Students know and can critically evaluate and, where applicable, apply this knowledge to topics/issues within their majoring subject.

Employable, innovative and enterprising

Students will develop key skills and attributes sought by employers that can be used in a range of applications.

Pre-requisites

Restrictions

ACIS254, AFIS254

Co-requisites

Equivalent Courses

ACIS254

Course Coordinator

For further information see Department of Accounting and Information Systems on the departments and colleges page

Assessment

Assessment Due Date Percentage 
Final Exam 40%
Tutorial preparation 10%
Term Test One 20%
Term Test Two 30%

Textbooks / Resources

Required texts are:
Thomson Reuters New Zealand Taxation 2018: Principles, Cases and Questions.
Thomson Reuters New Zealand Taxation 2018 Legislation Handbook.

Additional Resources are:
CCH New Zealand Master Tax Guide
Inland Revenue websites: www.ird.govt.nz; http://taxpolicy.ird.govt.nz/ (Policy Advice Division)
Legislation: www.legislation.govt.nz
Thomson Reuters New Zealand Taxation 2018 Casebook

Indicative Fees

Domestic fee $790.00

International fee $3,350.00

* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.

For further information see Department of Accounting and Information Systems on the department and colleges page .

All ACCT254 Occurrences

  • ACCT254-18S1 (C) Semester One 2018