ACC 214 – TAXATION I

Goal:

This course is designed to expose students to the principles and practice of the Nigerian Tax System.

GENERAL OBJECTIVES:
On completion of this module the students should be able to:
1.0 Understand the general principles of taxation.
2.0 Know the administrative machinery and Income tax regulations in Nigeria.
3.0 Understand the Determination of Residence.
4.0 Know the Personal reliefs and allowances.
5.0 Know the sources of Income and those exempted from tax.
6.0 Know allowable and disallowable deductions and how to compute adjust income.
7.0 Know basis of Assessment.
8.0 Know commencement and cessation provisions.
9.0 Know the effects of change in accounting dates.
10.0 Understand Relief for losses.