Equine Business Finance and Taxation

Module code: 2166
Module leader: Karen Czapiewski
Module level: 5
Module credits: 15
Prerequisites: None
Min study time: 150 hours
Contact Hrs within study time: 28 hours
Teaching period: Semester 2

Module content

Finance

Financial Statements and their interpretation. Cash flow analysis. Sources of finance, structure of debt (long-term and short-term) and management of working capital. Small business financial needs/issues (including start-up capital). Financial inputs into business plans to include profit and cash forecasts and projected balance sheets. Capital appraisal techniques.

Taxation

Income Tax and Corporation Tax; Stamp Duty Land Tax; Value Added Tax; Capital Gains Tax and Inheritance Tax; trusts and settlements; tax planning. Business Rates and Council Tax.

Module outcomes

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

Understand how company (to include small business) finance should be structured.
Interpret financial statements of sole traders and limited companies.
Calculate and interpret projected figures.
Prepare and interpret simple capital investment appraisal techniques.
Advise business owners on the impact of national taxation and suggest practical ways of mitigating the tax burden.
Advise business proprietors / managers on their liability for local taxation.

Assessment

Assessment	Description	Weighting
Coursework	Case Analysis	60%
Examination	In-class test	40%

Key texts

Students should be familiar with the content of at least one of the following:

Dyson, J.R. (2003). Accounting for Non-Accounting Students. (6th edition). Pearson.
Kath, N. (2000). Taxation: Theory and Practice. (3rd edition). Pearson.
Melville, A. (2004). Taxation: Finance Act 2003. (9th edition). Pearson.

Supporting texts

Wood, F. and Sangster, A. (2005). Business Accounting Volume 1. (10^th edition). Prentice Hall.
Atrill, P. (2002). Management Accounting for Non-Specialists. (3^rd edition). Pearson Education.