Module: Business and Property Finance and Taxation

Module details

  • Module code

    2066

  • Module leader

    Peter Smith

  • Module Level

    5

  • Module credits

    15

  • Min study time

    150 hours

  • Contact hrs

    38 hours

Module content

Finance: Ratio analysis, cash flow analysis and the difference between profit and cash, sources of finance and structure of debt, management of working capital, small business finance and entrepreneurship, capital appraisal techniques, preparing business plans.

Local taxation: Liability for rates and council tax, rateable occupation, exemptions and relief, basis and methods of valuation for rating and council tax, alterations and appeals procedure.

National taxation: Income tax, capital gains tax, stamp duty land tax and inheritance tax; their impact on landowners and users; ways to mitigate their effect.

Module outcomes

To achieve credit for this module, students must be able to:

Finance:

  1. Understand how the company (to include small business) finance should be structured.
  2. Interpret financial statements of sole traders and limited companies.
  3. Calculate and interpret projected figures.
  4. Prepare and interpret simple capital investment appraisal techniques

Local Taxation:

  1. Recognise how a liability for local tax arises.
  2. Demonstrate an understanding of the assessment process and how it might be altered.

National Taxation:

  1. Advise owners and occupiers of the property of the impact of national taxation and suggest practical ways of mitigating the tax burden.

Assessment

Assessment Description Weighting
Coursework CW-Taxation Case Study 60%
Examination Multiple choice exam 40%

Assessments may differ in 2020/21 due to adjustments for Covid-19. Please check Gateway for the latest regulations.

Key texts

Students should be familiar with the content of at least one of the following within the three constituent subject areas):

  • Dyson, J.R. (2010).  Accounting for Non-Accounting Students (8th edition). Pearson.
  • Woods, F. (2012).  Business Accounting 1 & 2. (12th edition).  Prentice Hall.
  • Weetman, P. (2013). Financial and Management Accounting, (6th edition):
  • Financial Times Press.  Pearson Education.
  • Atrill, P. and McLaney E., (2013) Financial Management for Non-Specialists.  (8th edition).  Prentice Hall.
  • Bond and Brown (2011.  Rating Valuation: Principles and Practice (3rd edition). Estates Gazette.
  • Dixon T, Heath, G. Business rates: your guide, Institute of Revenues Rating and Valuation.
  • Mackim and Askham (1995).  Rating Law; The Uniform Business Rate.  RICS books
  • Plimmer, A.S. (1998).  Rating Law and Valuation.  Longmans.
  • Zurich Tax Guides.
  • Stanley, O. (1996).  The Taxation of Farmers and Landowners.  (6th edition).  Butterworths.
  • Tolleys Tax Guides.