Tax and Accounting
NOTE: The following course description is PRELIMINARY and ILLUSTRATIVE. The details of the teaching arrangements as well as the contents of the course have not yet been finalised and students should not make plans based on this description.
Elective
The Tax and Accounting course will explore the relationship between accounting and taxation. We shall discuss issues such as the following:
- Do tax and commercial accounts have the same objectives?
- What are the advantages and disadvantages of following financial or commercial accounts (book) without modification for tax purposes?
- What will be the effect of developments in accounting standards on the taxation debate?
- What was the impact of the recent banking crisis on taxable profits and on the debate about fair value accounting?
The course is taught by [TBD] and Professor Judith Freedman