Course description

Financial Accounting and Taxation

Introduction

The course consists of four parts: regulatory environment for financial reporting in accordence with international financial reporting standards (IFRS) (15%), preparation of separate financial statements and consolidated financial statements (45%), management working capital and sources of short-term finance (15%), and fundamentals of business taxation (25%).

This course is closely related to the Financial Strategy course of the CIMA professional qualification as Chartered Global Management Accounting™.

Course content

  • Key topics under IFRS
  • Separate and consolidated financial statements
  • Sources of short-term finance and cash investment
  • Analyse of working capital and short-term cash position
  • Corporate taxation

Learning outcome knowledge

The students shall obtain knowledge about:

  • The main elements and key principles underpinning separate and consolidated financial statements prepared according to IFRS
  • The sources of short-term finance and cash investment
  • The types of taxation that typically apply to an incorporated entity and the regulatory environment for taxation
  • The taxation issues that may apply to an incorporated entity that operates internationally

Exam organisation

  • Written exam: 100%