Module: Equine Business Finance and Taxation

Module details

  • Module code

    2166
  • Module leader

    TBC
  • Module Level

    5
  • Module credits

    15
  • Min study time

    150 hours
  • Contact hrs

    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:

  1. Understand how 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.
  5. Advise business owners on the impact of national taxation and suggest practical ways of mitigating the tax burden.
  6. 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. (10th edition). Prentice Hall.
  • Atrill, P. (2002). Management Accounting for Non-Specialists. (3rd edition). Pearson Education.