REV 3611 Business Taxation - RE-SIT EXAMINATION

REV 3611 Business Taxation - RE-SIT EXAMINATION

Course code: 
REV 3611
Department: 
Law and Governance
Credits: 
20
Course coordinator: 
Eivind Furuseth
Course name in Norwegian: 
Skatterett - KONTINUASJONSEKSAMEN
Product category: 
Bachelor
Portfolio: 
Bachelor of Accounting and Auditing - Programme Courses
Semester: 
2017 Autumn
Active status: 
Re-sit exam
Resit exam semesters: 
2017 Autumn
Resit exam info

This course was lectured for the last time autumn 2014 / spring 2015.
Acc. Regulations on curriculum for the bachelor in accounting and auditing of 2 July 2012, § 5.Ikrafttredelse og overgangsregler, students who have commenced the study during previous curriculum, can take the exam after this until 31 December 2017. Re-sit examinations will be offered every term, as from and including autumn 2014 and up to and including autumn 2017.

Teaching language: 
Norwegian
Course type: 
Associate course
Course codes for multi- or associated courses.
REV 3612
REV 3613
Introduction

This course is part of the statuary curriculum for approval as a registered public accountant.

Learning outcomes - Knowledge

This course should provide the students with good knowledge of the framework for the tax part for the auditing profession and of the theory and legal regulations of this subject. This includes professional ethical and moral considerations. The course will give the students knowledge about Norwegian legislation on taxation, including in-depth knowledge about the Norwegian legislation on business taxation, in addition to VAT and employers' national insurance contributions. In-depth knowledge about Norwegian tax and charge rules, including:

  • Capital and income taxation of individual taxpayers, including sole proprietorships
  • Taxation of private companies and other impersonal taxpayers
  • Taxation of partners and shareholders
  • Taxation of transactions between enterprises and their owners
  • Taxation of termination and liquidation and conversion of enterprises
  • Accrual rules for taxation purposes
  • Tax calculation
  • Employers’ contribution

Key topics in the Norwgian VAT Act

  • Key concepts
  • Exemptions from the Act
  • Fee calculations
  • Deduction of input VAT
  • Public sector and VAT
  • Cross-border transactions etc.
     
Learning outcomes - Skills

After completed the course the students should be able to:

  • Participate in the statuary auditing of statements in accordance with legal requirements.
  • Produce annual taxation reports for accountable and non-accountable businesses.
  • Address and discuss – with reference to actual legislation – definite issues regarding personal and business taxation, and national insurance.
  • The students will also have basic knowledge regarding personal taxation, and should be able to identify central issues in corporate and business taxation as well as transboundary revenues. During the learning process regarding the Norwegian VAT Act, the students shall:
  • Acquire knowledge of the interpretation and application of the Norwegian VAT Act.
  • Develop in-depth knowledge of the key topics in the Norwegian VAT Act.
  • Get an overview of the main principles for VAT law within the EU.
Learning Outcome - Reflection

On completion of the course the students should be conscious of the importance of accurate tax and VAT reporting.

Course content
  • Concepts and interpretation rules
  • The tax assessment administration and tax payment system
  • Individual taxation
  • Inheritance tax, employers’ contribution, value-added tax, document duty, registration fee
  • Business taxation (trade); depreciation, appropriation in the tax accounts
  • Taxation of private limited companies and shareholders
  • Taxation of partnerships and partners
  • International tax law
  • Transformation and reorganization of companies
Learning process and requirements to students

The course is taught in teaching sessions over two terms. The students are enrolled in each semester. Teaching is based on 120 lecturing hours, 52 hours in the autumn and 68 hours in the winter/spring.  

A teaching plan for the term with reference to the curriculum is distributed at the beginning of each term. In the spring term, there is a voluntary trial exam, and the students' answers are evaluated and marked.

Software tools
No specified computer-based tools are required.
Additional information

In this course, the grade C or better is required for candidates who seek approval as a registered auditor (registrert revisor).

Qualifications

Higher Education Entrance Qualification

Required prerequisite knowledge

The first two years of the program or equivalent.

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
REV36111
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination when next scheduled course
100Yes6 Hour(s)
  • BI-approved exam calculator
  • Simple calculator
  • Laws and regulations, including offprints of laws and law drafts
  • Compilation of tax laws (Gjems-Onstad or Jarøy) with comments
Individual
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:100
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • BI-approved exam calculator
  • Simple calculator
  • Laws and regulations, including offprints of laws and law drafts
  • Compilation of tax laws (Gjems-Onstad or Jarøy) with comments
Duration:6 Hour(s)
Comment:
Exam code:REV36111
Grading scale:ECTS
Resit:Examination when next scheduled course
Exam organisation: 
Ordinary examination
Total weight: 
100
Student workload
ActivityDurationComment
Teaching
120 Hour(s)
Prepare for teaching
80 Hour(s)
Student's own work with learning resources
160 Hour(s)
Group work / Assignments
164 Hour(s)
Examination
6 Hour(s)
Sum workload: 
530

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 20 ECTS credit corresponds to a workload of at least 540  hours.