|
Financial Operations & Management |
|
Syllabus structure
 Principle of Business Taxation
- Regulation and Ethics of Financial Reporting
- Financial Accounting and Reporting
PRINCIPLES OF BUSINESS TAXATION - LEARNING OUTCOMEOn completion students should be able to:
- Explain the types of tax that can apply to incorporated businesses, their principles and potential administrative requirements.
- Identify the principal types of taxation likely to be of relevance to an incorporated business in a particular country;
- Describe the features of the principal types of taxation likely to be of relevance to an incorporated business in a particular country;
- Explain key administrative requirements and the possible enquiry and investigation powers of taxing authorities associated with the principal types of taxation likely to be of relevance to an incorporated business;
- Explain the difference in principle between tax avoidance and tax evasion
 REGULATION AND ETHICS OF FINANCIAL REPORTING - LEARNING OUTCOME
On completion students should be able to:
- Explain the need for and methods of regulating accounting and financial reporting.
- Explain the need for regulation of published accounts and the concept that regulatory regimes vary from country to country;
- Explain potential elements that might be expected in a national regulatory framework for published accounts;
- Describe the role and structure of the International Accounting Standards Board (IASB) and the International Organisation of Securities Commissions (IOSCO);
- Explain the meaning of given features or parts of the IASB’s Framework for the Presentation and Preparation of Financial Statements
FINANCIAL ACCOUNTING AND REPORTING - LEARNING OUTCOME
On completion students should be able to:
- Prepare the full financial statements of a single company and the consolidated statements of financial
- position and comprehensive income for a group (in relatively straightforward circumstances).
- Prepare a complete set of financial statements, in a form suitable for publication for a single company;
- Apply the conditions required for an undertaking to be a subsidiary or an associate of another company.
- Prepare the consolidated statement of financial position (balance sheet) and statement of comprehensive income for a group of companies in a form suitable for publication for a group of companies comprising directly held interests in one or more fully-controlled subsidiaries and associates (such interests having been acquired at the beginning of an accounting period);
Duration: This course is for 60 contact hours over a 3 Months period for 4credits and is available upon request, and a one (1) hour examination is set at the registration date. Candidates must have 3 CXC subjects, and a minimum of 17 years old.
|
Financial Operations and Management