ACCT254-23S1 (C) Semester One 2023

Taxation

15 points

Details:
Start Date: Monday, 20 February 2023
End Date: Sunday, 25 June 2023
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 5 March 2023
  • Without academic penalty (including no fee refund): Sunday, 14 May 2023

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.

Prerequisites

Restrictions

ACIS254, AFIS254

Co-requisites

Equivalent Courses

ACIS254

Timetable 2023

Students must attend one activity from each section.

Lecture A
Activity Day Time Location Weeks
01 Tuesday 12:00 - 14:00 C3 Lecture Theatre
20 Feb - 2 Apr
24 Apr - 4 Jun
Drop in Class A
Activity Day Time Location Weeks
01 Wednesday 15:00 - 16:00 Ernest Rutherford 225
20 Feb - 2 Apr
24 Apr - 4 Jun
02 Thursday 13:00 - 14:00 Ernest Rutherford 225
20 Feb - 2 Apr
24 Apr - 4 Jun
Presentation A
Activity Day Time Location Weeks
01 Friday 15:00 - 17:00 C2 Lecture Theatre
24 Apr - 7 May
Tutorial A
Activity Day Time Location Weeks
01 Friday 14:00 - 15:00 Jack Erskine 441
27 Feb - 2 Apr
24 Apr - 4 Jun
02 Wednesday 12:00 - 13:00 Psychology - Sociology 456
27 Feb - 2 Apr
24 Apr - 4 Jun
03 Thursday 15:00 - 16:00 Jack Erskine 244
27 Feb - 2 Apr
24 Apr - 4 Jun
04 Monday 16:00 - 17:00 Psychology - Sociology 210
27 Feb - 2 Apr
24 Apr - 4 Jun
05 Tuesday 10:00 - 11:00 E12
27 Feb - 2 Apr
24 Apr - 4 Jun
06 Monday 17:00 - 18:00 Psychology - Sociology 210
27 Feb - 2 Apr
24 Apr - 4 Jun
Workshop A
Activity Day Time Location Weeks
01 Wednesday 16:00 - 17:00 C2 Lecture Theatre
20 Feb - 2 Apr
24 Apr - 4 Jun

Examination and Formal Tests

Test A
Activity Day Time Location Weeks
01 Monday 18:30 - 20:30 A2 Lecture Theatre
27 Mar - 2 Apr
02 Monday 18:30 - 20:30 A6 Lecture Theatre
27 Mar - 2 Apr

Course Coordinator

Andrew Maples

Lecturers

Alistair Hodson and Adrian Sawyer

Assessment

Assessment Due Date Percentage 
Final Exam 50%
Test One 40%
Tutorial Submissions 10%

Textbooks / Resources

Required texts are:
Thomson Reuters New Zealand Taxation 2023: Principles, Cases and Questions.
Thomson Reuters New Zealand Taxation 2023 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 2023 Casebook

Indicative Fees

Domestic fee $868.00

International fee $4,075.00

* 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 departments and faculties page .

All ACCT254 Occurrences

  • ACCT254-23S1 (C) Semester One 2023