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The general principles of taxation. Topics include: the taxation of income from business, employment, personal property sales, deductions, depreciation, leases and trading stock. 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 taxation of income from business, 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. An introduction to Inland Revenue and tax investigations are also briefly discussed in this course.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. The focus for an introductory course in taxation will be the legislation as it is the legislation that largely gives rise to the rights and obligations in the area of taxation.
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.
One of ACCT103, ACIS103, AFIS103, AFIS101, AFIS111, AFIS122, AFIS132 or (AFIS121 and ACIS102).
ACIS254, AFIS254
One of ACCT152, ACIS152, AFIS152, AFIS151, LAWS101.
ACIS254
A one hour workshop will be held weekly. Although not obligatory attendance at the workshop is strongly recommended. The workshop allows the lecturer to practically expand on material taught in the lecture by way of example, previous questions etc.
Alistair Hodson
The importance of regular and extensive reading is stressed. Students are advised to become familiar with several of the most important Revenue Acts (particularly the Goods and Services Tax Act 1985, Income Tax Act 2007, Tax Administration Act 1994, and Taxation Review Authorities Act 1994), and refer to Thomson Reuters New Zealand Taxation (2012 edition), and any other readings given in lectures.
Course Outline Learn
Domestic fee $655.00
International fee $2,888.00
* 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 .