NOTRE DAME UNIVERSITY

COLLEGE OF BUSINESS AND ACCOUNTANCY

INCOME TAXATION SYLLABUS

Part I. Course Identification
Course BAC 2
Prefix/Number
Course Title TAXATION (INCOME TAXATION)
Course Units 3
Lecture 3
Course Total 54 Hours
Expected
Hours
Course This Course is an introduction to fundamental concepts in income taxation, including the
Description definition of income, the computation of tax liability, exclusions from income, basis,
deductions available for individuals in computing taxable income, and assignment of income.
The course will also present brief overviews of concepts explored in more detail in other
courses, including capital gains and losses and timing issues.

Course This course is intended for business students to learn fundamentals of Philippine income
General Goals taxation in order to help prepare students to recognize and appreciate income tax issues of
and Objectives transactions and events encountered in the general practice of their profession.
The course will help students identify sources of taxable income for individuals, to
differentiate between types and benefits of tax deductions, to calculate the taxable income
and resulting tax liability of an individual and to determine the amount owed or refund due
when filing the individual tax return.

Course BSBA-FM
Audience
Course None
Prerequisites
Learning Upon Completion of this course, students should be able to:
Competencies  Understand the nature of taxation, the types of taxes and rate structures.
 Describe the concepts of gross income, adjusted gross income, and table income for
individual taxpayers.
 Calculate individual taxes from the tax rate schedules describe and apply rules for
taxation of different types of income including wages, interest, dividends, and capital
gains.
 Differentiate between capital gain income and other types of income, including the
carry over rules for capital losses.
 Know the various categories of deductions included in itemized deductions.
 To be familiar with the types if taxes, BIR forms used in filing the return, deadlines of
filing and payments and the computation of amount that should be reflected in the
returns, to be aware of the possible remedies in case of tax assessment.

Other General 1. Quizzes and Assignments.

Course These are questions/requirements asked to evaluate the students’ knowledge and
Requirements understanding of the topics discussed.
2. Oral Recitation/Participation.
Students must participate in the discussion.
3. Examinations (First Trinal, Midterm Final)
These are major exams which may compose of the following:
 Objective Type – Questions/requirements will determine the students’ knowledge
applicable to the profession.
 Multiple Choices – Students should be trained to answer multiple choices form of
questions/requirements.
 Problem Solving – This course includes quantitative analysis.

Evaluation There should be a pre-test given to students in every new lessons. In this way students will
Procedures for be forced to read before entering the classroom. Seatworks and quizzes should be given
Course every after the discussions.
Learning Students are required to solve on the board and explain the concept and the process of
Competency solving.
Students are required to ask a questions and comments after the discussions.
Attendance Attendance of students is monitored every class period by the faculty. Students are required
Policy to attend 80% of the total number of class per semester.
Student Absences – Missed class due to late enrolment/registration are considered
absences. Allowable absences should only be 20% of the entire class and laboratory hours
per semester. Three times tardy shall be equivalent to one day absence.

Evaluation and Class Standing: First Trinal Midterm Final

Grading Policy Assignment/Seatwork 50 50 50
Quizzes/Case Analysis/Oral Recitation 50 50 50
Total 100 100 100

Term Grades:
Class Standing 60 60 60
Trinal Examination 40 40 40
Total 100 100 100
Previous Trinal Grade - 33 50
Current Trinal Grade 100 67 50
Final Grade 100 100 100

Leaning Valencia, Edwin G. and Roxas, Gregorio F. Income Taxation Principles and Laws with
Resources/Ref Accounting Applications, Valencia Educational Supply, Baguio, Philippines
erence Reyes, Virgilio D. A Handbook on Taxation with the Tax Reforms for Acceleration and
Materials Inclusion (TRAIN)
De Leon, JR., Hector S. and De Leon, Hector M. The fundamentals of taxation
Internet www.bir.gov.ph
Reference
Part II. Course Schedule Matrix
Week Learning Topics Teaching Values Assess References
Outcomes Learning Integration ment/Ev
Activities aluation
(TLA)

1.Identify Powers of 1: The Investment Environment

Participation
Discussion

Excellence

Seatwork
Pre-test

Book
the Estate 1.1 Definition of Investment
2. Define Taxation 1.2 Investment Alternatives
3. Define purpose of 1.3 Investment Objectives
Taxation 1.4 The Investment Process
1

4. Identify powers 1.5 Clients of the Financial System

and Duties of BIR 1.6 The Environment Responds to
Clientele Demands Ongoing
Trends
 1.Identify 2 : Organization and Functioning of

Participation
Discussion

Integrity
Excellence

Quiz
Pre-test

Book
classifications of tax Securities Markets
payer 2.1 Functions of Financial Markets
2. Define Income 2.2 Where Securities are traded
Taxation The Primary Market
The Secondary Markets
The Over-the-Counter Market
The Third and Fourth Markets
2&3

2.3 Trading Systems/Trading on the

Exchanges
The Participants
Types of Orders
2.4 Trading on the Over-the-Counter
Market
2.5 Trading Costs
2.6 Buying on Margins
2.7 Short Sales
Market Indices
 1.Identify Special 3: Security Analysis

Participation
Discussion

Integrity
Excellence

Quiz
Pre-test

Book
Income 3.1 The Efficient Market Hypothesis
2. Identify Final Random Walks and the Efficient
Income & Capital Market Hypothesis
Gains Implications of the Efficient
3. Explain the Market Hypothesis
difference between 3.2 Fundamental Analysis
4&5

capital gains and Macroeconomic Analysis

other income. Industry Analysis
Company Analysis
Equity valuation and Equity
Portfolio Management Bond
valuation and Bond Portfolio
Management
3.3 Technical Analysis

FIRST TRINAL EXAMINATION

6

1.Explain the 4: Risk, Return and Portfolio Theory

Participation
Discussion

Integrity
Excellence

Quiz
Seatwork
Pre-rest

Book
concept of Gross 4.1 Historical Return and Risk for a
Income Single Asset
2. Calculate the 4.2 Expected Return and Risk for a
Gross Income Single Asset
7,8,9,10

3. Identify what is 4.3 Portfolio Expected Return and

included and Risk
excluded in Gross 4.4 Diversification and Portfolio Risk
Income
4. Explain the rules
for taxation of
different types of
income.
 5: Capital Allocation

Participation
Discussion

Integrity
Excellence
Awareness

Quiz
Seatwork
Pre-rest
5.1. Capital Allocation Across Risky
And Risk-Free Portfolios
11

5.2. Portfolios Of Two Risky Assets

12

MIDTERM EXAMINATION
1. Identify income to 5.3. Risk Tolerance And Asset

Participation
Discussion

Integrity
Excellence
Awareness

Quiz
Seatwork
Pre-rest

Book
be withheld. Allocation
2. Identify income 5.4. Optimal Combination Of Risky
exempt from And Risk-Free Portfolios
13,14

withholding taxes 5.5. The Capital Market Line (CML)

and the Security Market Line
5.6. Equilibrium in Capital Markets
The Capital Asset Pricing Model
The Arbitrage Pricing Theory
15,16 1.Be familiar with 6: Portfolio Management and

Participation
Discussion

Integrity
Excellence
Awareness

Quiz
Seatwork
Pre-rest

Book
BIR forms used in Evaluation of Performance
filing the return and 6.1. Overview of Portfolio
deadlines of filing Management
2. Identify when the 6.2. Active versus passive portfolio
obligation to pay tax management
is due 6.3. Strategic versus tactical asset
allocation
6.4. Monitoring and revision of the
portfolio
6.5. Portfolio performance measures
6.5.1 Factors to Consider in
Measuring Portfolio
Performance
6.5.2 Risk-Adjusted Measures
of Performance

NATION
EXAMI
FINAL
17