ACCT 402 – Tax Accounting

Basic Information

Course Title: Tax Accounting

Code: ACCT 402
Hours: Lecture: 3 Credit Hours: 3
Prerequisite: BACC 301
Academic Year / Level: Year: 3 Term: 2

1-Course Description and Overall OBJECTIVES:

This course is designed as a course in tax accounting at the undergraduate level.

The Lebanese tax law no. No.144 of June 1959 will be explained thoroughly in a
simple language. A large number of illustrations would be provided in order to
facilitate understanding the tax law.

Course Objectives:

This course aims to provide students with depth understanding for tax accounting
issues. Upon completion of this course, students should be able to:

A. Calculate taxable profit from industrial activities.

B. Understand commercial and non-commercial activities.
C. Calculate taxable profit from commercial and non-commercial
activities.
D. Calculate taxable income from salaries, wages and retirement
pensions, and revenue derived from movable capital assets.

2-Intended Learning Outcomes of the Course

(ILOs):

(A) Through knowledge and understanding, students will be able to:

(K1) Identify the different types of income.

(K2) Examine the nature of taxable profit from industrial activities.
(K3) Distinguish between commercial and non-commercial activities.
(K4) Explain how to calculate salaries taxes.

(B) Through intellectual skills, students will be able to:

(I1) Evaluate taxable income from industrial, commercial and non-

commercial activities.
(I2) Exercise appropriate judgment in valuing and presenting different
tax return forms.
 (C) Through professional and practical skills, students will be able to:

(P1) Solve exempted income.

(P2) Seek to clarify tax law and its interpretations.

(D) Through general and transferable skills, students will be able to:

(G1) Demonstrate knowledge of teamwork and collaborative

behaviors.
(G2) Enact tax law on different types of income.
(G3) Complete work independently and in teams.

3-Course Outline:

Week Number 1: Introduction

Week Number 2: Taxable profit from industrial, commercial and non-commercial

activities Continue: Affiance, Markets and Governments

Week Number 3: Continue: Taxable profit from industrial, commercial and non-
commercial activities Continue: Affiance, Markets and
Governments

Week Number 4: Continue: Taxable profit from industrial, commercial and non-
commercial activities Continue: Affiance, Markets and
Governments

Week Number 5: Continue: Taxable profit from industrial, commercial and non-
commercial activities Continue: Affiance, Markets and
Governments

Week Number 6: Continue: Taxable profit from industrial, commercial and non-
commercial activities Continue: Affiance, Markets and
Governments

Week Number 7: Midterm 1

Week Number 8: Continue: Taxes on salaries, wages and retirement pensions

Economics of Real Public Expenditure

Week Number 9: Continue: taxes on salaries, wages and retirement pensions

Government Subsidies for Household Sector

Week Number 10: Continue: taxes on salaries, wages and retirement pensions

Week Number 11: Taxable revenue from Movable capital

Week Number 12: Midterm 1

 Week Number 13: Value added tax

Week Number 14: Continue: value added tax

Week Number 15: Revision for the final exam

Week Number 16: Final Examination

4-Teaching and Learning Methods:

The course comprises a combination of lectures, direct reading, case studies &
projects.
Facilitates Required: Overhead Projector and Data Show.
5-Student Assessment Methods, Schedule and
Grading:

Start Submit
Assessment Weight
Type Week Week
No. %
No. No.

1 Mid- Term I 1 7 30
2 Assessment II 8 12 30
3 Final Examination 16 40
Total 100

6-List of References:

(a) Course Notes:

Notes are handed out to the students throughout the semester.

(b) Essential Books (Text Books):

Tax Law No.144 of June 1959.

(c) Recommended Books:

Ministry of Finance Interpretation and Amendments.

Course Coordinator Head of Department

Dr. Rabie Eid Dr. Wagady Hegazy