67713 - Taxatgion in the Financial Statement

Learning outcomes

The student gains the tools to understand the role and the effects of taxation on Financial statements.

Course contents

The program provides the analysis of the impact of taxation on financial statements values and, in particular, of the methods of accounting recognition and representation in the financial statements of tax charges and tax assets and liabilities.

The following topics will be covered during the lessons:

- the economic nature of corporate tax charges;

- the relationship between economic result and taxable income;

- the phenomenon of fiscal pollution of the financial statements;

- current taxes, deferred tax assets and deferred tax liabilities;

- the calculation and conditions for recording deferred taxation;

- taxation in the balance sheet and income statement structures;

- the evaluation of tax credits and debts;

- taxes for previous years;

- the estimate of potential tax liabilities;

- taxation in national and international accounting standards: OIC 25 and IAS 12;

- taxation and equity;

- the recognition of taxes in the tax consolidation and transparency.

Some exercises will be carried out on the calculation of current, prepaid and deferred taxes and on the consequent accounting records

Readings/Bibliography

Principi contabili e di bilancio (a cura di G. Capodaglio), RIREA 2011 - Cap. VIII

Bilancio d'esercizio e imposizione tributaria. Le regole per le società di capitali (a cura di Renato Camodeca), CEDAM; 2014.

OIC 25

IAS 12

Teaching methods

Lectures and tutorials.

Assessment methods

Written exam.

Office hours

See the website of Alessandro Ricci