Income Taxation - 2020 - 2021

CVCITC
Cagayan Valley Computer and Information Technology College

#28 Carreon St., Centro East, Santiago City, Philippines. Tel No. (078) 305-0139
BS IN ACCOUNTANCY SYLLABUS
TAX 1 – INCOME TAXATION

First Semester School Year 2020 – 2021
VISION
CVCITC is envisioned to be the leading Business and Technology School in Cagayan Valley committed to produce globally
competent and enterprising professionals and experts who possess the passion for excellence, growth and innovation in the service
of the society.
MISSION
A. CVCITC commits to pursue accreditation in its operation and program offerings and sustain continuous upgrade of its quality
standards.
B. Employ efficient and effective methodologies and strategies of delivering globally relevant and responsive instruction.
C. Advocate entrepreneurial undertaking for self-empowerment and nation building.
D. Practice positive social and moral values, high professional and ethical standards to achieve a just and humane society.
E. Imbibe in its stakeholders the conscious pursuit of excellence in all its endeavors.
F. Strive for continuous growth and development in a life-long pursuit of knowledge and truth.
G. Engage in cutting-edge research.
H. Share its resources for the improvement of the quality of life of the community.
Date Developed: June 2015 Document No.: CVCITC-ACAD-SYLL-2a Page 1 of 9

Bachelor of Science in Accountancy Syllabus
(Income Taxation) Developed By: ACADCOM Issued by: CVCITC,Santiago CIty Revision No.: 4
CVCITC
COURSE CODE Tax 1

COURSE TITLE Income taxation
PRE – REQUISITES None
COURSE CREDITS 54 Hours
COURSE DESCRIPTION The course deals with the study of the principles and concepts pertaining to income taxation and its
implications of a sound tax system. As provided in the National International Revenue Code, taxation
concepts in accounting perspective is emphasized such as computational of imposable taxes. The subject
GRADING SYSTEM Prelim
will Grade
provide= CA x 2 + Prelimthat
information Examincome tax is much more than just a means of raising revenue for the
government but also3 one of the major means by which the government attempts to achieve various
economical
Tentative andGrade
Midterm social= CA
objectives. Provisions
x 2 + Midterm Exam of the NIRC will be discussed not in the sequence in which
they appear in the law, but in accordance
3 with their materiality and relevance to the particular topic being
discussed.
Final Midterm Grade = Prelim Grade + (Tentative Midterm Grade x 2)
PROGRAM EDUCATIONAL 3 MISSION
OBJECTIVES (PEO) BS Accountancy graduates will:
Tentative Pre-final Grade = CA x 2 + Pre-final Exam a b c d e f g h
A. Become professional accountant
3 having the high level of technical
expertise
Final Pre-final Grade = in the practice
Midterm Grade of accountancy
+ (Tentative and Grade
Pre-final consciously
x 2) observing
x x x
the Code of Professional Ethics responsive to the needs of the
3
changing
Tentative Final Grade =society.
CA x 2 + Final Exam
B. Possess broad knowledge 3 of accounting serving as a foundation
Final Grade = Prelim Grade + Midterm Grade +endeavors
for continuous life-long learning Final Gradeand have demonstrated
professional behavior 3 in their professional careers and/or in the x x x x x
pursuit of post-graduate studies, skills certifications and other
technology skills.
C. Undertake community enrichment work-related activities such as
seminars, conventions and trainings contributory to the
x x x x x x
professional development and enhancement of accounting
practice.
D. Demonstrate professionalism, creative and critical reasoning skills
in solving practical-technical business and accounting issues, x x x
ethically and responsibly, in service to society.
CVCITC
PROGRAM OUTCOMES
PEO
Graduates of the program shall be able to:
A B C D
a. Demonstrate working knowledge in the areas of financial accounting and reporting, cost
accounting and management, management accounting, auditing, accounting information systems
and accounting research.
b. Identify the needs of the various users of accounting information and communicate such
information effectively and efficiently, provide sound and informed recommendations through
written, oral and the use of technology.
c. Demonstrate the values of commitment while observing quality, timeliness, continuous
improvement and enhanced self-directed professional skills through continuous education and
professional development.
d. Apply the critical and logical problem-solving and decision making skills in the areas of operations,
finance and investments as applied in personal and business finance.
e. Act professionally and ethically as professional accountants in the discharge of their duties and
responsibilities with due respect for diversity.
f. Recognize the need for and engage in planning self-learning and improving performance as a
foundation for continuing professional development
g. Prepare, analyze, and evaluate business reports, proposals, and concept papers in accordance
with the legal and ethical standards and accounting practices.
h. Appraise ethical problems / issues in practical business and accounting situations and
recommend appropriate course of action that adheres to the professional code of ethics.
i. Apply acquired knowledge and skills to pass professional licensure/certification examinations.
LEARNING OUTCOME / COURSE OUTCOME

Program Outcome
By the end of the course, students should be able to:
Date Developed: June 2015 a b
Document No.: CVCITC-ACAD-SYLL-2a c d e f g h i
Bachelor of Science in Accountancy Syllabus Page 3 of 9
LO1: Explain the nature,
scope, classification and purpose of taxation.
LO2: Understand the basic principles various tax procedures and remedies of the government
and tax remedies applicable to individuals and corporations.
LO2: Comprehend and apply the basic principles of income taxation and familiarize themselves
in preparing income tax returns of individuals and corporations and devise legal taxation
remedies.
CVCITC
LEARNING PLAN
CVCITC
Class schedule Graded Activities /

LO Topics/Contents Learning Activities ILO
[Weeks] Assessment
LO1 PRINCIPLES OF TAXATION
1. Describe the nature, scope, Week 1-2 Lecture with powerpoint Recitations
classification, and essential presentation Explain the essentials of
characteristics taxation
Concept Map
2. Identify the principles of
Discussed brief history of
sound tax system Philippine Income tax
3. Discuss the limitations on Semantic Map and time law.
the power of taxation tables
4. Differentiate tax evasion Displayed interest and
vs. tax avoidance awareness of the
5. Determine the situs/place Quizzes importance of taxation.
of taxation
6. Explain double taxation
7. Discuss the legislation of
tax laws
8. Apply the impact of taxes in
nation building
9. Evaluate ethical tax
compliance and
administration
10. Describe the organization
of the Bureau of Internal
Revenue, Bureau of
Customs, Local
Government Tax Collecting
Units, Board of
CVCITC
Investments, Philippine
Economic Zone Authority
LO2 TAX REMEDIES
1. Evaluate the remedies of the Week 3 Concept discussion Recitation Displayed interest to the
government lesson during discussion.
2. Apply the remedies of the Discussion
taxpayer
Quizzes Shared the importance of
3. Explain the expanded the lesson to others.
jurisdiction of the Court of
Tax Appeals
LO3 INCOME TAXATION
1. Identify the taxpayer and Week 4-6 Lecture-discussion Logic Exercises (puzzles Displayed interest to the
tax base and logical dilemmas) lesson during discussion.
2. Compute gross income
Oral recitation
3. Analyze the deductions
Shared the importance of
from gross income the lesson to others.
 Regular Allowable
Itemized Deduction
 Special Allowable
Itemized Deductions &
Net Operating Loss
Carry-Over
 Optional Standard
Deduction
4. Determine accounting
periods
5. Apply the accounting
methods
CVCITC
6. Apply tax return
preparation and filing and
tax payments.
7. Analyze withholding taxes
(at source, expanded or
creditable withholding tax,
final withholding taxes and
withholding tax on
government payments)
8. Determine compliance
requirements
9. Corporate Income Tax: Special
Corporations
10. Corporate Income Tax:
Regular Corporations
Prepared by: Approved by:
RUEL M. DELA CRUZ, CPA, MBM CRISTINA GALLATO, CPA, ED.D, DBE
BSA INSTRUCTOR VP-Academic Affairs

CVCITC
Notes/Remarks:
This portion is used only for the improvement of the syllabus
If you found out there is lacking/problem to the topics/subject matter/Outcomes and other related concerned regarding to the syllabus please take note of that and put it on
these area for the improvement of the syllabus.
(Put this portion in a separate sheet)
CONSULTATION HOURS AND ACTIVITIES FOR STUDENTS

1. Monitoring of Delinquent Students
CVCITC
a. Extend service to slow learners but willing to be trained;
b. Encourage students to observe good study habit;
c. Conduct one on one counseling to the delinquent students
d. Assist students to the Guidance Office for further counseling.
2. Monitoring of Academic Performing Students
a. Give sufficient guidance to potential students;
b. Motivate the students to join competitions, co-curricular activities and extra-curricular activities to those active students;
c. Inculcate to students the importance of maintaining outstanding grades;
d. Be considerate in giving grades to the deserving students.
3. Available Time
a. Monday 3:00PM – 4:30PM


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CVCITC

Cagayan Valley Computer and Information Technology College

TAX 1 – INCOME TAXATION

Date Developed: June 2015 Document No.: CVCITC-ACAD-SYLL-2a Page 1 of 9

COURSE CODE Tax 1

LEARNING OUTCOME / COURSE OUTCOME

Class schedule Graded Activities /

Date Developed: June 2015 Document No.: CVCITC-ACAD-SYLL-2a Page 7 of 9

(Put this portion in a separate sheet)

CONSULTATION HOURS AND ACTIVITIES FOR STUDENTS

Date Developed: June 2015 Document No.: CVCITC-ACAD-SYLL-2a Page 9 of 9

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