Sp.RP - Vat in accounting & Vat settelmen: Spec: Accounting and Taxes (2)

To develop knowledge and skills relating to the Polish tax system applicable to individuals and companies.

This syllabus introduces candidates to taxation and provides core knowledge of the underlying principles and major technical areas of taxation, as they affect activities of individuals and businesses.

In this syllabus, candidates are introduced to rationale behind and functions of tax system. The syllabus considers value added tax liability of businesses.

Having covered core areas of basic taxes, the candidate should be able to compute tax liabilities, explain basis of their calculations, apply tax planning techniques.

Has basic knowledge of the accounting system, its functions, types, rules and techniques of accounting international accounting standardsHas basic knowledge on taxes and sets thereof, the role of taxes in public budgets and on budgets of entities paying their taxes, on tax strategies, consequences of tax ‘overload’ on the legal aspect of taxes.Has skill to apply the rules of accounting, bookkeeping and preparing financial statements, to make use of their accounting knowledge in operational and strategic decisions of enterprises and other organisations (economic units).Is able to distinguish tax from other levy instruments, to understand the factors affecting the construction of taxes and sets thereof, to determine and assess the basic tax strategies and effects thereofIs able to recognise the problems related to execution of the profession of financier, banker, and accountantIs able to formulate opinions in economic (financial, banking, tax, accounting), social as well as worldview issues.