Accounting Taxation and Reporting in International Business

Descipline Accounting Taxation and Reporting in International Business
Faculty Institute of International Relations
Faculty URL
Language English
Degree Master
Credits 4
Semester 1
Description Today`s business and tax environment is increasingly complex, there are more and more demands for transparency, tax departments are under pressure to be more effective and highly qualified professionals can be hard to obtain. The rules come from multiple sources, including recent changes in accounting and disclosure requirements. To “get it right” in this area, companies must seek advice about both financial accounting and technical tax rules. Often, more than one tax professional may need to be consulted to make sure the two areas are covered adequately. Simply put, no transaction is “complete” without comprehensively assessing the income tax accounting guidance. To help students respond to these demands, this discipline provides assistance in three key areas: Tax accounting: supporting quarterly and annual tax provision calculations, validating tax balance sheet accounts and implementing new accounting standards under IFRS and/or local GAAP. Tax function performance: improving operating strategy and organization design, tax process and controls, and data and systems effectiveness. Tax risk: identifying and prioritizing key risks and assisting with controls monitoring and remediation.
Teachers Ass.Prof.D.A.HLUKHOVA
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