OVERVIEW

The MCOM Taxation programme is planned as a special collaborative programme with the Chartered Institute of Taxation and the Ghana Revenue Authority. The Programme is carefully crafted to meet the manpower needs of the newly created Ghana Revenue Authority.

 

Content

  • PHILOSOPHY OF MCOM-TAXATION
  • OBJECTIVE OF MCOM-TAXATION
  • MCOM-TAXATION COURSE STRUCTURE
  • COURSE DESCRIPTIONS

PHILOSOPHY OF MCOM-TAXATION

This course lays emphasis on practical issues, criticism of current development in the practice of taxation, handling of strategic tax planning and administration issues, and that the graduates should be fully equipped to play tax advocacy or tax consultancy role in managerial positions.

OBJECTIVE OF MCOM-TAXATION

  • The objective of PUC MCOM in Taxation programme is to:
  •  Equip students with in-depth knowledge and understanding of the concepts and principles of corporate and personal taxation.
  • Understand, interpret and apply laws and procedures relating to both direct and indirect taxes.
  • Understand and deal with international taxation issue from the perspectives of domestic operations with foreign subsidiaries and foreign companies with domestic subsidiaries.
  • Apply tax knowledge and skills acquired to solve practical problems which draw on the interaction of different tax system in the tax laws.
  • Adopt best practices and professional standards when dealing with the taxpayers and the tax administration.

MCOM- TAXATION COURSE STRUCTURE

FIRST YEAR

First Semester

Course Code

Course Title

Credit Hours

MBAC 601

Quantitative Methods

3

MBAC 603

Business Research Methods

3

MBAC 605

Accounting for Managers

 3

MCOC 607

International Accounting & Taxation

3

MBAC 609

Business and Legal Environment

3

MBAC 611

Management and Organizational Behaviour

3

Total Credit

18

 

Second Semester

Course Code

Course Title

Credit Hours

MBAC 602

Managerial Economics

3

MBAC 604

Marketing Management

3

MCOC 604

Enterprise Risk Management

3

MCOC 608

Public Sector Economics

3

MBAC 612

Management Information System (MIS)

3

MBAC 614

Research Seminar I

3

Total Credit

18

 

SECOND YEAR

First Semester

Course Code  

Course Title  

Credit Hours  

MBAC 615

Research Seminar II

3

MBAC 617

Operations Management

3

MCOT 619

Strategic Tax Planning

3

MCOT 621

Income Tax

3

MCOT 623

Indirect Tax

3

MCOT 625

Tax Planning and Administration

3

Total Credit

18

 

 

Second Semester                                                                      

Course Code 

Course Title 

Credit Hours 

MCOT 626

Tax Audit & Special Investigation

3

MCOT 628

Oil and Gas Taxation

3

MBAC 632

Long Essay

6

Total Credit

12

 Total Credits for the Entire Programme is 66 Credit Hours

 

COURSE DESCRIPTIONS

MBAC 601 Quantitative Methods

 

This course provides the fundamental quantitative knowledge necessary for managers to use the results of analyses to enhance the decision-making process.  This course will enhance students' ability to perform the necessary quantitative analyses, understand the usefulness and limitations of the methods and recognize situations where the methods can be applied beneficially, and issues involved when utilizing the results of analyses. The course provides the analytical tools needed for making informed business decisions using data. The focus is on decision making using the tools of mathematics. Topics to be treated will include basic statistical principles such as probability distributions, inferential statistics (sampling), regression analysis, decision trees, utility theory, and simulation. 

 

Reading List

Chiang Alpha C. (1984) Fundamental Methods of Mathematical Economics (3rd ed.): U.S.A, McGraw-Hill Publishing Company.

Macleod, Stewart, Ferrier, Gordon (2002), Quantitative Methods: U.S.A, Crucial Publishers.

Mohammed, Adil Hasan (2000), Quantitative Method for Business and Economics (3rd ed.): U.S.A, L M.E sharp Publishers.

Sweeney, Denis J., Anderson, David R., William Thomas A., Camm Jeff D., Martin Kipp R. (2009), Quantitative methods for Business (11th ed.): UK, Cengage Learning.   

Waters, Donald, Waters, Donald J. (2008), Quantitative Methods for business (4th ed.): UK Prentice Hall.

 

MBAC 602 Managerial Economics

This course focuses on the application of economics theory in management analysis and decisions, and their relevance to business decision-making; therefore, it is designed to select the mathematical tools, topics and techniques essential for success in today’s business and economics. Topics covered in the course include: Price Determination in Alternative Market Structures, Demand and Supply Theories, Production and Costs Functions, and Decision-making under Uncertainty using Game Theory from a Business viewpoint.  Other topics covered are Exchange Rates, Interest Rates, Economic Policy, Inflation and International Trade. In addition, the course will provide a basic introduction to econometric analysis and its role in managerial decision-making.

 

Reading List

Hirschey, Mark (2008), Managerial economics (12th ed.): UK. Cengage Learning

McGuigan J. R., Moyer Charles R., deB, Harris F. H. (2008), Managerial Economics, Applications, Strategy, and Tactics (11th ed.): U.S.A, Thompson/South-Western Publishing.

Pug, I., Lehman, Dale (2007), Managerial Economic (3rd ed.): New York, Wiley – Blackwel

Webster, Thomas J. (2003), Managerial Economics Theory and Practice, UK, Emerald Group publishers.

 

MBAC 603 Business Research Methods

The objective of this course is to introduce students to business research methods. It is designed to ensure that students acquire practical research skills, understand the principles of research and also help students to link the research process with theories. Topical areas will include the meaning of research, research problems, types of research, research process and design, choice of research topic, components of research proposal, literature review, research strategies, sampling analysis, data collection, research ethics, data analysis, and report writing.  

 

Reading List

Black, Ken (2009), Business Statistics: Contemporary Decision Making (6th ed.): USA, John Wiley and Sons.

Bryman, Alan, Bell, Emma (2007), Business Research Methods (2nd ed.): UK, Oxford University Press.

Lucey T. (1997), Quantitative Techniques, Chicago, ELBS with DP Publication.

Vitalis, A., Zepp, K. A. (1989), Business Research and Statistics, USA, API press.

 

MBAC 604 Marketing Management

This foundation course in strategy covers a range of Core concepts and analytical techniques relating to competitive advantage in global organizations.  It deals with both classical and contemporary issues of importance such as industry analysis, Core competence of organizations, top management teams and corporate governance, product/market scope decisions, and value chain analysis.  The emphasis is on the application of analytical tools and frameworks to understand complex strategy issues.

 

Reading List

Hollensen, Svend (2010), Marketing Management: A Relationship Approach (2nd ed.): New York, Pearson Education.

Kotler, Philip (2000), Marketing Management (10th ed.): India, Prentice Hall.

London, David L., Stevens, Robert E., Wrenn, Bruce (2004), Marketing Management Text and cases, London, Routledge

Mullins, J., Walken, Orville (2012) Marketing Management: A strategic Decision – Making Approach (8th ed.): USA, McGraw – Hill Companies, Inc.

Peter, Paul J., Donnelly, James H. Jr. (2010), Marketing Management (10th ed.): USA, McGraw- Hill Companies, Inc.

 

MBAC 605 Accounting for Managers

Business managers at various level of management require understanding of financial and management accounting principles for effective discharge of their managerial roles. This course is designed to provide managers with sound understanding of such accounting matters. Financial accounting topics to be covered in the syllabus include the accounting equation, preparation and analysis of financial statement using tools such as ratios. Cost and management accounting topic to be discussed would include costing methods and costing techniques. Planning and cost control aspect of organizations shall be discussed using budgetary controls and variance analysis. Performance measurement and divisional control shall also be discussed.

 

Reading List

Burns, William J. (2005), Accounting for Managers: Text and Case (3rd ed.): USA, Thompson/South –Western.

Collier, Paul M. (2012), Accounting for Managers: Interpreting Accounting Information for Decision- Making (4th ed.): USA, John Wiley and Sons

Gopal, Rana (2009), Accounting for Managers: USA, New Age International.

Webster, William H. (2003), Accounting for Managers: USA, McGraw-Hill Professional.

 

MCOC 606 Enterprise Risk Management

The course has two major and interrelated parts—enterprise risk management and accounting policy. The first part of the course looks at the strategic, operational, and financial risk that organizations face. Through case study, the process of risk identification, risk assessment, and risk monitoring is covered. The second part of the course focuses on the accounting policy making process including case discussions of specific corporate policy making in reporting to shareholders and other stakeholders. 

 

Reading List

Duckert, G. H. (2010), Practical Enterprise Risk Management: A Business Process Approach: USA, John Wiley and Sons.

Monahan, Gregory (2008), Enterprise Risk Management: A Methodology for Achieving Strategic Objectives: USA, John Wiley and Son.

Olson, David L., Wu, Desheng D. (2008), Enterprise Risk Management: Singapore, World Scientific Publishing Co. Plc. Ltd.

Olson, David L., Wu, Desheng D. (2010), Enterprise Risk Management Models: USA, Springer.

 

MCOC 607 International Accounting & Taxation

The object of the course International Taxation is to provide the students with a thorough understanding and command of national Ghanaian as well as international tax law enabling them to address, analyze and solve issues concerning international taxation.  The course will focus on relevant sources of Ghanaian and International laws. The important provisions in Ghanaian tax law concerning tax liability for individuals and companies will be addressed including issues concerning exit taxation. Further, the scope of limited liability to Ghana for foreign companies and individuals as well as special Ghanaian tax incentives for foreign investors working in Ghana will be addressed. The topics beneficial ownership in relation to dividend distributions as well as requalification of entities for tax purposes will be discussed. Joint taxation problems will also be addressed. The course will also consider international taxation from the perspectives of: domestic operations owning foreign subsidiaries, and foreign subsidiaries owning domestic subsidiaries and consolidation.

 

Reading List

Choi, Fredeick D. S., Mueller, Gherhard G. (1992), International Accounting (2nd ed.): UK, Prentice Hall.

Read, Colin (2007), International Taxation Handbook: Policy, Practice, Standards, and Regulations: USA, Elsevier.

Sale, J. Timothy (2007), Advances in International Accounting: USA, Elsevier.

Walton, P., Haller, A., Raffournier C. (2003), International Accounting (2nd ed.): UK, Cengage Learning EMEA

 

MCOC 608 Public Sector Economics

Public Sector Economics discusses the impact of government revenues and expenditures on economic activity, with special reference to developing countries. The course raises theoretical and empirical issues relating to the role of the public sector in economic development. The course is comprehensive in scope. Topics include public goods, market failure, the role of government, public choice and political business cycles, public expenditure growth, structural adjustment and taxation.

 

Reading List

Bailey, Stephen J. (2002), Public Sector Economics: Theory, Policy, and Practice (2nd ed.): UK, Palgrave.

Howard, Michael (2001), Public Sector Economics for Developing Countries: India, University of West Indies Press.

Robbins, Donijo (2005), Handbook of Public Sector Economics: USA, Taylor and Francis.

Stiglitz, Joseph E. (2000), Economics of the Public Sector (3rd ed.): UK, W. W. Norton.

Tresch, Richard W. (2008), Public Sector Economics: London, Palgrave Macmillan.

 

MBAC 609 Business and Legal Environments

This course is designed to provide students with an overview of various legal concepts and principles impacting business. It introduces students to a broad array of information and develops relevant skills encompassing the dynamic nature of the legal environment and its relationship to the transactional and functional aspects of business by incorporating unique instructional methodologies that combine theory with real life case examples of practical application and significance.  Topical areas include procedural laws and the court system; alternative means of dispute resolution; constitutional law, torts/products liability, business crimes, contracts, sales, forms of business organizations, and employment regulation.

 

 Reading List

Halbert, J., Ingulli, Elaine (2011), Law and Ethics in Business Environment (7th ed.):   USA, Cengage Learning

Meiners, Roger E., Ringles A. H., Edward, Francis L. (2011), The Legal Environment of Business (11th ed.): USA, Cengage Learning

Miller, Roger L., Cross, Frank B. (2012), The Legal Environment Today: Business in its Ethnical, Regulatory, E – commerce, and Global settings (7th ed.): UK, Cengage Learning.

Ringles, Al H., Meiners, Roger E., Edwards, Frances L. (1993), Managing in the Legal Environment (2nd ed.): USA, West Pub. Co.

Schaffer, R., Augusti, F., Eanle, Beverley (2008), International and Business Law and it Environment (7th ed.):  USA, Cengage Learning

 

MBAC 611   Management and Organizational Behaviour

This course examines the range of individual and group behaviour in an organization.  The course will take a functional approach to the study of business management, and will integrate organizational behaviour theories with an understanding of managerial practices.  Students will learn to apply these concepts to organizational settings by the use of examples, case-studies and exercises.  Topics to be covered include: personality and attitudes, perception, motivation in the work setting, group and team behaviour, leadership, interpersonal communication, and organizational design and culture.

 

 Reading List

Cook, Curtis W., Hunsaker, Philip L. (2002), Organizational Behaviour and Management (3rd ed.): USA, McGraw-Hill/Irwin.

Martin, J., Fellenz, Martin (2010), Organizational Behaviour and Management (4th ed.): New York, Cengage Learning EMEA.

Pierce, Jon L., Gardener, Donald G., Dunham, Randall B. (2001), Management and Organizational Behaviour: An Integrated Perspective: New York, Cengage Learning EMEA.

Saha, Jayantee (2009), Management and Organizational Behaviour: India, Excel Books, 

 

MBAC 612 Management Information System

This course examines the role of information systems in supporting a wide range of organizational functions. The aim of this course is to enable students to appreciate the opportunities and problems that managers in a wide range of organizations face as they attempt to use these information technology (IT) applications to add value to their businesses. The courses explains basic concepts for IT/IS management discusses organizational, business and strategic issues surrounding IT/IS, and analyze and evaluate uses of strategic IT/IS in practice. Topics to be treated includes; the strategic role of information systems, information systems and organizations, information, management, and decision making, the challenge of information systems, managing data resources, managing international information systems and ethical and social impact of information systems.

 

Reading List

Laudon, Kenneth C., Laudon, Jane P. (2011), Management Information Systems: Managing the Digital Firm: UK, Prentice Hall.

O’Brien, James A., Mavakas, George M. (2008), Management Information Systems (8th ed.): U.S.A, McGraw- Hill/Irwin,

OZ, Effy (2008), Management Information Systems (6th ed.): U.S.A, Cengage Learning.

Post, Gerald V., Anderson, David Lee (2005), Management Information Systems, (4th ed.): U.S.A, McGraw –Hill /Irwin

 

MBAC 614 Research Seminar I

This Seminar is compulsory for all students aimed at giving students the opportunity to present their research papers. This Seminar will also expose students to leading experts in the fields of business, academia and public and private sectors.  Thus, it will provide the platform for academic researchers, professional practitioners and students the opportunity to present, exchange views, share findings and discuss new developments and challenges in business. 

 

Reading List

Black, Ken (2009), Business Statistics: Contemporary Decision Making (6th ed.): USA, John Wiley and Sons.

Bryman, Alan, Bell, Emma (2007), Business Research Methods (2nd ed.): UK, Oxford University Press.

Lucey T. (1997), Quantitative Techniques: USA, ELBS with DP Publication.

Vitalis, A., Zepp, K. A. (1989), Business Research and Statistics: USA, API Press.

 

MBAC 615 Research Seminar II

The objective of this course is to introduce students to business research methods. It is designed to ensure that students acquire practical research skills, understand the principles of research and also help students to link the research process with theories. Students will be exposed to real life situations by inviting professionals in the various business areas or set up where students can interact with them on potential challenges they might face in the business world and help them on how to solve such challenges. 

 

Reading List

Black, Ken (2009), Business Statistics: Contemporary Decision Making (6th ed.): USA, John Wiley and Sons.

Bryman, Alan, Bell, Emma (2007), Business Research Methods (2nd ed.): UK, Oxford University Press.

Lucey T. (1997), Quantitative Techniques: USA, ELBS with DP Publication.

Vitalis, A., Zepp, K. A. (1989), Business Research and Statistics: USA, API Press.

 

MBAC 617 Operations Management

This course is designed to emphasize the strategic importance of operations management to the overall performance of the enterprise. A functional view of how to manage the activities involved in the process of converting or transforming resources into products or services. Thus, the course examines the concepts for designing, planning and improving manufacturing and service organizations. Topics include; product and process planning and design, forecasting, facility location and layout, production staffing, job design and work measurement, capacity planning, aggregate planning, inventory management, requirements planning, operations scheduling, Just-in-time, and quality assurance.

 

Reading List

Barnes, David (2005), Operations Management: An International Perspective: U.S.A, Cengage Learning EMEA. 

Bettley, A., Mayle, D., Tantoush, T. (2005), Operations Management: A Strategic Approach: U.S.A, Sage Publications,

Brown, Steve (2001), Operations Management: Policy, Practice and Performance Improvement: USA, Butterworth–Heinemann

Stephenson, Williams J. (2009), Operations Management (10th ed.): U.S.A McGraw–Hill/Irwin.

Vidler, Chris (2001), Operations Management: U.S.A, Heimann Publishers

 

MCOT 619 Strategic Tax Planning                                             

This course tests the students understanding and the use of the tax laws in the application and solution to real time business tax problems .This will embrace the study of Strategic Tax Planning , Tax Strategies for New Business, Taxation and Business Operating Strategies,  Strategies for Business Growth and Expansion, Taxation and Business Capital Transactions.

 

 Reading List

 Karayan, John E. (2002), Strategic Corporate Tax Planning: USA, John Wiley & Sons.

Karayan, John E., Swenson, Charles W., Neff, Joseph W. (2002), Strategic corporate tax planning: USA, Wiley and Sons.

Stern, W. Rod and Britain, Carol A. (2007), Tax Planning for Your Business: USA, Entrepreneur Press.

 Swenson, Charles W., Karayan, John E., Gupta, Sanjay (2003), State and Local Taxation: Principles and Planning: USA, J. Ross Publishing.

MCOT 621 Income Tax 

 

This course is to expose the students to the three separate provisions of tax laws contained in Internal Revenue Act 2000(Act 592) as amended and the Regulations and apply them to practical issues. Imposition of tax; Distinction between chargeable and assessable income. Deductions allowed and not allowed. Taxation of employment income. Personal tax relief, Taxation of individuals, Partnership and Partners. Taxation of corporate bodies. Taxation of Capital gains. Taxations of Gifts and prepare tax returns. Understand principles of indirect taxes and be able to compute them. Appreciate indirect tax laws and regulations and how to apply them to practical issues. Value Added Tax, procedures for registration and de-registration of taxable person.  Understand the definition of taxable supplies, zero-rated supplies, relief supplies and exempt supplies. Value of taxable supplies

 

Reading List

Bankman, J., Griffith, Thomas D., Pratt, K., (2005), Federal Income Tax: Examples and Explanations (4th ed.): Australia, Aspen Publishers Online.

McLure Charles E. (1990), The Taxation of income from business and capital in Colombia: USA, Duke University Press.

Nelson Godfrey N. (2008), Income Tax: Law and Accounting: USA, BiblioLife

Smith, James E., Raabe, William A., Maloney, David M., (2008), Taxation of Business Entities 2009 (12th ed.): London, Cengage Learning.

 

MCOT 623 Indirect Tax

This course is designed to enable students identify all sources of indirect taxes. It is also structured to help student understand the various means and mechanisms used by the government in identifying indirect tax payers and the mode of taxing them. Special emphasis will be given strategies for widening the tax net. Topics to be treated include determining the sources of indirect taxes, duties on small scale industries, concept of Value Added Tax, and service taxes.

 

 Reading List

 Alastair McKenzie (2008), GST - A Practical Guide (8th ed.): Auckland, CCH.

Ghana Internal Revenue Act 2000 (Act 592), with Amendments

Ghana Internal Revenue Regulations, 2001 (L I 1675), with Amendments

Schenk, Alan and Oldman, Oliver (2007), Value Added Tax: A Comparative Approach: New York, Cambridge University Press. 

 

MCOT 625 Tax Planning and Administration

The course will ensure that the students acquire in-depth knowledge of tax planning and administration procedures and develop a thorough knowledge and understanding of tax compliance issues. The content will be to study the Administrative and Planning  powers of the Commissioner-General of the Ghana Revenue Authority, Assessment and filing of returns procedures relating to Income Tax, Capital Gains Tax and Gift Tax, Dues dates for filing returns and payment of Income Tax, VAT, Duties and Special Taxes; Collection Procedures; Remission, Refunds and Set-off of Taxes; Objections, Appeals, Penalties; Regulations, Practice Notes, Private Ruling; Interpretations and definition of terms within the relevant legislation.       

 

Reading List

Beric, Croome and Lynette, Olivier (2010), Tax Administration: USA, Gaunt Incorporated.

Stern, W. Rod and Britain Carol A. (2007), Tax Planning for Your Business: UK, Entrepreneur Press.

Ghana VAT Act 1998 (Act 546), with Amendments

Ghana VAT Regulation Act, 1998(L I 1646), with Amendments

 

MCOT 626 Tax Audit & Special Investigation

The course will test students’ ability to apply auditing and investigation principles and procedure to obtain information for taxation practice.  The framework will have the following components, The framework of Auditing; The Duties and responsibilities of the Auditor; Audit Planning: Audit Practice and Procedures; Special Engagement and Investigation; audit Review and Report

 

Reading List

Annadhanam, K. (1982),Tax audit: USA, S. Chand & Company Limited

Daily, F., (2010), Surviving an IRS Tax Audit: (2nd ed.): USA, Nolo

Hopkins, Bruce R., (2008), IRS Audits of Tax-Exempt Organizations: Policies, Practices, and Procedures: USA, John Wiley & Sons.

Khwaja, Munawer S., Awasthi, R., Loeprick, J. (2011), Risk-Based Tax Audits: Approaches and Country Experiences: Washington DC, World Bank Publications,

 

MCOT 628 Oil and Gas Taxation

This course will equip the students with the ability to determine the taxation from the exploration of petroleum and gas products. Emphasis will be on deductions allowed and deductions disallowed capital allowance computation for petroleum and mining operations, calculation of mineral royalties. Topical areas will include the nature of the oil and gas industry and property acquisitions, development of oil and gas properties, exploration for oil and gas - geological and geophysical costs, depletion of oil and gas properties, depreciation of oil and gas lease and well equipment, conveyances, deal structuring and financing issue.

 

Reading List

Daniel, P., Keen, M., McPherson Charles P. (2010), The Taxation of Petroleum and Minerals: Principles, Problems, and Practice: USA, Taylor and Francis.

Fillebrown, C. Bowdoin (2010), Taxation: USA, Biblio Bazaar.

Ghana Minerals and Mining Act, 2006 (Act 703)

Ghana Minerals (Royalties) Regulations, 1987 (L I 1349)

 

MBAC 632 Long Essay

Candidates shall take a compulsory 60-page Long Essay.  Every candidate will be assigned a supervisor from the specialized area that will provide guidance in the writing and presentation of the final report. This will constitute six (6) credit hours.  

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