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
