Tax Accounting I

Upon successful completion of the course, students will be able to:

• Understand the fundamental concepts relating to economic entities.
• Understand the requirements for maintaining accounting records and books.
• Maintain payroll accounting records, calculate and prepare payroll entries, and account for social security contributions and payroll withholding tax.
• Understand the accounting treatment of revenues and expenses.
• Issue the appropriate supporting documents for the various types of commercial transactions carried out by economic entities.
• Calculate Value Added Tax (VAT) and account for its payment to the tax authorities.