Courses Exchange Display 2016-2017

Course Description To PDF
Course title Tax Accounting & Finance
Course code EBC4040
ECTS credits 6,5
Assessement Whole/Half Grades
Period
Period Start End Mon Tue Wed Thu Fri
1 5-9-2016 28-10-2016 X X
Level Advanced
Coordinator Rick Kaenen
For more information: r.kaenen@maastrichtuniversity.nl
Language of instruction English
Goals
Learn how taxes affect corporate decision making, and the financial and operational behaviour of firms.
Learn about the interactions between taxes and financial reporting.
Learn when tax planning (in interaction with other factors) is useful to try to minimize taxes.
Learn how and why tax assurance and tax risk management play an increasingly important role in the (tax) management of companies.
Enhance your understanding of current issues in tax research.
Apply your knowledge to specific business situations and tax problems.
Description
The aim of this course is to provide insight into the effects of taxation on the management of firms. Management makes decisions in many different areas, and the impact of taxes on these decisions is the focus of this course. Examples of managerial decisions are, and this is not an exhaustive list, international location decisions, employee compensation, use of tax havens, legal form choice, tax and financial accounting decisions, investment decisions, etc. The variety in managerial decisions mentioned also shows that different forms of taxation have an impact on the management of firms. This course stresses that managers should be aware of the interaction between tax costs and the non-tax costs of managerial decisions. In light of recent changes in (accounting) regulations (IFRS, Sarbanes Oxley, corporate governance codes) companies increasingly focus on tax risk management and tax control instead of tax minimisation.
The course is based on selected chapters from the text book mentioned below, and recent articles highlighting several aspects of tax planning, tax and financial reporting, and/or tax research. The course will not specifically focus on tax law. It will discuss some laws superficially, but it will focus on the business consequences of tax rules. The course contents will therefore focus on the general applicability of tax planning and other techniques in multiple jurisdictions, including for example the European Union, the Netherlands and the US."
Literature
Textbook: Scholes, Wolfson, Erickson, Hanlon, Maydew & Shevlin (2015). Taxes and Business Strategy: A Planning Approach, 5th Edition, Global Edition, Pearson, Upper Saddle River
A collection of (research) articles on several aspects of taxation.
Prerequisites
- Intermediate knowledge of (financial) accounting and corporate finance.
- Intermediate knowledge of (international) tax accounting. For bachelor graduates of the UM programmes in Fiscal Economics and/or Tax Law, this knowledge will have been acquired in the course Winst uit Onderneming TAX3004 and either Bedrijfseconomie (FdR) or International Financial Accounting (EBC2056).
-International knowledge of the general workings of a tax system (income tax, corporate tax, V.A.T.)
Teaching methods PBL / Presentation / Lecture / Assignment / Groupwork
Assessment methods Participation / Written Exam
Evaluation in previous academic year For the complete evaluation of this course please click "here"
This course belongs to the following programmes / specialisations
Master Fiscale Economie Compulsory Courses
SBE Exchange Master Master Exchange Courses