ACCT 5123 ADVANCED TAXATION SESSION 1 For some of you, this class will be the worst part https://youtu.be/_ucypR3wI_s Objectives of the course What is the point? What should you get out of this course? What should you expect? When will you use it? • The objective of this course is to equip candidates with the competencies necessary to provide taxation services and guidance (and to pass the CPA Common Final Examination (CFE). • The scope includes assisting individual and corporate entities to minimize taxes and meet their objectives while remaining in compliance with tax laws and regulations. • Candidates also learn to go beyond the presenting issues and consider the broader circumstances and risk tolerance of all stakeholders involved Every session – the flow In-class quiz OR In-class Case Study (group) Come to class ready to discuss/debrief & present Assignments Submit case before class Prepare for the session – Cover all topics that are in the outline for that day. Session 1 – Topic 1 NET INCOME VS. TAXABLE INCOME In-class Activity 1 How’s your memory? In-Class Activity 2 Tax Study File In-Class Activity 3 Case INA FLUX (take up)
