FIUDAUDS Accounting and Tax Systems

School of Business Administration in Karvina
Winter 2024
Extent and Intensity
0/0. 10 credit(s). Type of Completion: dzk.
Teacher(s)
doc. Ing. Jana Janoušková, Ph.D. (lecturer)
Guaranteed by
doc. Ing. Jana Janoušková, Ph.D.
Department of Finance and Accounting – School of Business Administration in Karvina
Contact Person: Ing. Ivana Koštuříková, Ph.D.
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
The aim is to deepen the knowledge of graduates of master degree about contemporary theoretical approaches, methodologies and practical knowledge that dominate in the area of tax policy and accounting in the world. Teaching is channelled into two relatively separate blocks. Block: Financial statement in business practice and methods of using financial statements. The block focuses on basic financial statements and their advantages and disadvantages when working with them in business practice. Block: International Tax Systems It focuses on the issues of EU tax policy, tax harmonization and tax competition (direct and indirect taxes) and the impact of taxation on the economy and society.
Syllabus
  • Block: Financial statement in business practise and methods of using financial statements
    1. Conceptual bases of the harmonization process of the accounting
    2. Users of financial statements and their information needs. Basic components of financial statements, valuation methodology assets and liabilities and the differences between Czech accounting standards and IFRS.
    3. Financial analysis and Economic value added
    4. Theories of capital structure
    5. Planning balance sheet and planning profit and loss statement
    Block: International Tax Systems
    6. The development of tax theory. Taxes and public budgets
    The tax principle, factors, functions. Direct and indirect tax. Good taxes. Flat tax. Negative tax.
    7. The tax systems of EU countries. Indicators of the international tax comparison .
    Effective tax rate, statutory tax rate , Tax quota. EU statistic.
    8. European tax law, taxation and the EU budget.
    Tax revenues, tax law, tax legislation in the EU countries, The Court of Justice of the EU
    9. Tax policy in the European Union.
    Harmonization, coordination and competition of tax systems.
    10. Personal income tax and corporate tax (Czech Republic and EU)
    Income Tax,Personal income tax, Personal income tax and social insurance , Taxation of employees, Effective tax rate, Tax base and tax rate, Tax allowances and tax credits, Tax residence, Personal income tax in EU
    11. Harmonization of the consumption taxation.
    Consumption taxes, A value-added tax (VAT), VAT and EU, Excise duties
Literature
    required literature
  • WATSON, Denzil. Corporate finance : principles and practice. Harlow, England: Pearson, 2016. ISBN 9781292103037. info
  • PROWLE, Malcolm. Management accounting in the contemporary business world. Palgrave Macmillan, 2016. ISBN 9781137387769. info
  • JAMES, S., NOBES, CH. The Economics of Taxation (2016/17). Birmingham: Fiscal Publications, 2016. ISBN 978-1906201 326. info
  • SAMONAS, Michael. Financial forecasting, analysis, and modelling : a framework for long-term forecasting. . Chichester: John Wiley & Sons, 2015. ISBN 9781118921081. info
  • JANOUŠKOVÁ, J. Taxes and tax policy. Personal income tax. Karviná: SU OPF v Karviné, 2012. ISBN 978-80-7248-765-3. info
    recommended literature
  • Ministry of Finance of the Czech Republic. URL info
  • National accounting council. URL info
  • EUROPEAN COMMISSION ? EUROSTAT. Data for the EU Member States, Iceland and Norway: 2016 edition. Luxembourg: Publications Office of the European, 2016. ISBN 978-92-79-57441-2. info
  • IFRS and US GAAP: similarities and differences. 2016. URL info
  • OECD Economic Surveys Czech Republic. 2016. URL info
  • FASB Financial Accounting Standards Board. 2013. URL info
Language of instruction
English
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
Information on the extent and intensity of the course: Přednáška 24 HOD/SEM.
Teacher's information
Essay in the range of about 10-15 pages (in context the topic of the dissertation), and its defense during the exam
The course is also listed under the following terms Winter 2016, Summer 2017, Winter 2017, Summer 2018, Winter 2018, Summer 2019, Winter 2021.
  • Enrolment Statistics (recent)
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