ACCT223

Undergraduate

On completion of this course, students should be able to explain the operation of the Singapore tax system; prepare computations of the corporate tax liability for individual companies; prepare computations of the income tax liability for employees, sole traders and partners; explain and apply the scope and principles of Goods and Services Tax (GST); explain the use of exemptions and reliefs in deferring or minimising tax liabilities; and learn the basic understanding and skills required for the Tax Planning course.

LO1.1: Our students can recognize, develop, measure, record, validate and communicate financial and other related information., LO1.2: Our students can analyze, synthesize and evaluate financial and other related information for decision making in a management context., LO1.4: Our students understand and can apply tax principles and requirements relevant to individuals and business entities., LO2.1: Our students understand and can apply business concepts and principles., LO2.2: Our students can communicate effectively in a business context., LO3.1: Our students understand and can apply the ethical principles relevant to accounting professionals., LO3.2: Our students can recognize and incorporate ethical and social responsibility considerations in decision making.