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Investment Planning and Taxation

Investment Planning and Taxation

• Code: SMB2RB006
• Extent: 3 ECTS (81 h)
• Timing: Semester 3
• Language: English
• Level: Professional studies
• Type: compulsory

Prerequisites
Investment Planning and Taxation is meant to be taken after first and second year studies in Finance and Accounting.

Learning outcomes
The objective is to learn to make long-term financial calculations by using different techniques of investment calculation. This course includes also the basic norms of income and value added taxation. The objective is to learn to calculate the amount of taxable income of a private person, entrepreneur and different types of companies; as well as the payable income tax. The objective also is to learn how to calculate the amount of payable value-added tax.

Student will
• know the principles of investment planning and taxation
• be able to manage the operation of a business in company acquisition transactions
• understand the economic thinking behind all business operations

Course contents
• Investment calculation methods
• Company acquisition transactions
• Taxation of a private person
• Taxation of entrepreneur
• Taxation of different types of companies
• Taxation of dividends
• Value added taxation

Teaching and learning methods
It is possible to complete the course based on classroom learning or part time learning:

a) Classroom learning:
Lectures and Examination 48 h
Self-studies 32 h
The assessment of one’s own learning 1 h

b) Part Time Learning:
Lectures and Examination 14 h
Self-studies 66 h
The assessment of one’s own learning 1 h

Recognition of Prior Learning, RPL  (in Finnish AHOT)
The required skills and competences can be demonstrated by a skills examination.

Teacher/s with the main responsibility for the course
Pekka Heikkilä

Course materials
Lecture material which is printable from Moodle or sold at Matsku bookstore.
Ministry of Finance. 2009. Taxation in Finland. Edita Prima Ltd. Helsinki.
Schmidgall R. 2006. Hospitality Industry Managerial Accounting. Educational Institute of the American Hotel & Motel Association. USA.

Assessment
Assignments
Examinations

The assessment of one’s own learning does not influence the grade. The assignment is the same for all courses/modules and the answers will also be used for course/module development. The assignment is completed online in WinhaOpaali.

Assessment objects

• Student´s skills to produce investment calculations using methods included in course contents and evaluate the feasibility of planned investments
• Student´s skills to apply taxation rules in taxation of individuals and different types of companies and to produce calculations of taxable income, income tax and value added tax payable

Assessment criteria

Grade 1
The student masters the essential aspects of investment calculations, taxation and related use of Excel spreadsheets with assistance. With given instructions, the student has the ability to perform basic tasks, but needs a lot of guidance.

Grade 3
The student masters the essential aspects of of investment calculations, taxation and related use of Excel spreadsheets and related use of Excel spreadsheets. With given instructions, the student will be able to perform basic tasks.

Grade 5
The student masters the essential aspects of investment calculations, taxation and related use of Excel spreadsheets independently. The student has the ability to apply the knowledge and skills learned in management position.