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Course Code Course Title Units / Type: FO-ACAD-QAO-001/29JANUARY2020/REV.0 Page 1 of 8
Course Code Course Title Units / Type: FO-ACAD-QAO-001/29JANUARY2020/REV.0 Page 1 of 8
PREREQUISITE/S
CO-REQUISITE/S NONE
This introductory Taxation course is primarily concerned with income taxation. The objective is to
develop a working knowledge of the basic principles and rules of the income tax system as these apply
to individuals, partnerships and corporations. It covers an overview of the national tax system, and the
COURSE DESCRIPTION
income taxation of employees and unincorporated businesses and incorporated businesses. It provides
the students with knowledge of the capital gains tax, final tax on certain passive income, and the year-
end tax. Including the minimum corporate income tax, the normal tax, and the improperly accumulated
profits tax of corporations and withholding taxes.
INSTITUTION VISION STATEMENT
We aim to be a top learning institution that develops principled leaders passionate about transforming lives for the love and service of
We are FEU Diliman! Our learning institution offers K12, Tertiary, and beyond. We nurture character and competence and, we inspire
DEPARTMENTMISSION STATEMENT
PROGRAM OUTCOMES
At the end of the semester, the students are expected to:
a. Understand the nature of taxation; identify the different types of income taxes, and how it affects their lives.
b. Determine the sources of income and exclusion to income for individual, partnership, and corporate taxpayers.
c. Identify the items of expenses allowed as deductions and understand how the government limits the deductions under the
Tax Code.
d. Compute the income tax return of individual, partnership, and corporate taxpayers.
e. Know how to file income tax return and how to apply tax remedies.
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COURSE LEARNING OUTCOMES AND RELATIONSHIP TO PROGRAM OUTCOMES
PROGRAM OUTCOMES
COURSE LEARNING OUTCOMES (CLO)
a b c d e
1. The student will have better understanding on how X X
to prepare and file income tax return
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To determine the general
final tax rates on certain non- Capital Gains
residents and their Taxation
exceptions
Midterm Examination
13 Know how to prepare and file Compliance Lecture Seat work / Quiz
(4 income tax return Requirement Class exercises Graded
hrs. ) Discussi Board recitation
Administrative requirements
on exercise
Attachments to the income
tax return, including CPA
certificate per NIRC
requirement 1
Keeping of books of
accounts and records,
including report of
inventories
Prescriptive period of books
of accounts and other
accounting records
Final Examination
INSTRUCTIONAL MATERIALS
- Powerpoint Presentation
GRADING SYSTEM
Midterm Grade Final Grade
Midterm Grade (MG) = 60% (CS) + 40% (ME) Final Grade (FG) = 60% (CS) + 15% (ME)+25% (FE)
TEXTBOOK/REFERENCES/ONLINE REFERENCES
FO-ACAD-QAO-001/29JANUARY2020/REV.0
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