School Graduate Studies and Research

Department Business studies

Course Title Taxation Management

Year of Study II

Course Code MBA

Credit Hours 3

Contact Hours 45

Mode of Delivery Lectures and Tutorial Presentations

Mode of Assessment Weight%

Course Work 40%

Final Examination 60%

Total 100

Course

Instructor(s)

Course Description The course explores the role of taxation to the socio- economic development of a
country. During the course of study, the students will also be able to understand
the different forms of taxes, their computation and administration. The course
covers the introduction of taxation, basic concepts, taxation in Uganda, taxation
of incomes of individuals and corporations, Value Added Tax, back duty
assessment, double taxation relief, and Tax management procedures among
others.

Course Objectives The objectives of this course are:

 To enable the students acquire the basic and core concepts of

 taxation
 To equip the students with tax computational skills using the
Income tax Act of Uganda as a guide.
 To equip the students with the knowledge and skills of managing
taxes both in private and public sector

Learning Outcomes By the end of the course the student should be able to:

 To demonstrate the knowledge of theoretical and practical aspects

of taxation, including computational skills based on the tax laws of
the Uganda tax system.
 To advise the community on the ways of minimizing tax liability
without violating the tax laws already in place.

Teaching and Learning The class will meet for three hours each week. Class time will be used for a
combination of lectures & tutorials.

TOPICS Detailed Course Outline Allocated

Time

1st week Introduction:- 3 Hours

 Meaning of tax and taxation

 characteristics/ features of taxes, objectives/ rationale of taxation

 Principles/ canons of taxation and classification of taxes

2nd,3rh and 4thweek. Basic concepts : 9 Hours

 Incidence of taxation, taxable capacity, tax avoidance, tax evasion,

tax planning- meaning rationale, limitations and strategies, tax
compliance.

 Taxation in Uganda- structure, administration, trend, operation of

URA and its structure.
5thand 6thweek. Taxation of individual income: 6 Hours

 Residence status

 Taxation of formal employment income- meaning, legal frame

work, and procedures followed in computing tax on employment
income, practical problems and possible solutions.

 Taxation of business income for individuals- legal frame work,

assessment, practical problems and possible solutions.

 Taxation of property income – rental income interest income,

dividend and royalty incomes.

7th week Taxation of partnership income: 3 Hours

 Residence status

 Taxation of partnership income

 Computation of taxable profits and tax liability.

8th,9th and 10th week Taxation of corporate income: 9 Hours

 Residential status of companies

 Adjusting corporation profit for tax purposes- allowable &

disallowable deductions.

 Computation of corporation tax

 Capital allowances – wear & tear, initial allowance & industrial

building allowance.

 Assessment, objections, offences and penalties.

11th and 12th week Value Added Tax: 6Hours

 Definition, merits & demerits

 Registration, deregistration, taxable persons, supplies- taxable &

non-taxable supplies

 Calculation of VAT

 VAT administration- documents, assessment, objection, offences

and penalties

Some aspects of international taxation harmonization – 3 Hours

13th week
 withholding tax rules,

 foreign branch tax rules,

 Double taxation relief- Meaning, conditions, legal framework

Customs management: i.
14th week
3 Hours
Customs, EAC, WTO; importation- customs procedure, customs
warehouses, bonded warehouses, prohibited and restricted
imports. Exportation- procedure/ types. Smuggling and its effects.

Back duty assessment: 3 Hours

15thweek
Meaning of back duty, legal framework, possible causes for back
duty

Total Contact Hours

45 Hours
 References:

 Ahuja G & Gupta R (2008): “Corporate Tax Planning and Management”, Bharat Law House Pvt , New

 Delhi.

 Bahemuka ,K (2004): “Income Tax in Uganda”, Fountain publishers ltd, Kampala.

 Bakibinga D J (2003): “Revenue law in Uganda” Professional books publishers, Kampala.

 Lymer, A. and L. Oats, Taxation: Policy & Practice, Fourteenth Edition 2007/08, Birmingham, EP Fisca
 l Publications, 2007.
 Mponguliana R. G (2006), The Theory and Practice of Taxation in Tanzania, NBA

 Mugume, C (2014), “Managing Taxes in Uganda-2nd edition” CMK consulting, Kampala Uganda.
 Muloki,E&Mugisha,I (2012),”Business Taxation-2nd edition” Swamp publishers (U) ltd , Kampala..
 The Government of Uganda - “The Income Tax Act, 1997 Cap.340 and Value Added Act. Cap.349 (as
 amended 2014).
 Tumuhimbise, M(2000): “Introduction to taxation in Uganda”, Business school , Kampala.

 URA, “Tax Handbook-a guide to Taxation in Uganda” Fountain publishers, Kampala.

 Website: www.ura.go.ug
School Graduate Studies and Research

Department Business Studies

Course Title Auditing And Investigations

Year of Study 2

Course Code MBA

Credit Hours 3

Contact Hours 45

Mode of Delivery Lectures and Presentations

None

Mode of Assessment Weight%

Course Work 40%

Final Examination 60%

Total 100

Course

Instructor(s)

Course Description This course provides students with the in depth understanding of
professional standards, the audit process, auditing techniques, and the
auditor’s role in ensuring that publically issued financial statements are
fairly presented.

Students will apply auditing procedures to financial statement transaction

cycles, and conduct audit sampling and testing techniques. The course
will also cover both the basic and advanced topics concerning the
complex auditing judgments through giving assurances on the assertions
made by management in the financial statements to the shareholders of
a company
Course Objectives The objectives of this course are to:

i. Define auditing and investigation; identify the types, purpose

and advantages of audit and explain the difference between
accounting, auditing and investigation.
ii. Enumerate the qualities of a good auditor
iii. Define internal control and internal check and explain internal
control in specific areas of business.
iv. Identify and explain the procedures for audit transactions.
v. Analyze audit reports and financial information.
Learning Outcomes By the end of the course, students will be able to:

i. Define key auditing concepts and terms

ii. Describe the roles of an auditor and Auditors’ independence.
iii. Explain the internal control system alongside internal check;
iv. Demonstrate knowledge of how to audit business transactions.
v. To write and form an opinion in any audit repor
Teaching and The class will meet for three hours each week. Class time will be used for
Learning a combination of lectures & presentations/discussions.

Week Detailed Course Outline Allocated

Time
1st and 2nd Week Overview of Auditing and investigation 6
Hours
 Definitions
 Functions/ Objectives of Auditing
 Nature of Auditing
 Qualities and what is required to make a good
Auditor
 Differences between Book keeping,
Accountancy and Auditing
 Audit Cycle and Procedures
 Differences between auditing and
investigation

3rd Week Principles and Techniques of Auditing 3 Hours

 Techniques of Auditing
 Auditing Concepts
 Classification of Audit
 Fraud and Errors

4th and 5th Week Auditing Environment & Standards 6 Hours

 Code of conduct / Professional Environment

 Legal Environment
 Appointment, Remuneration Removal of an
Auditor
 Rights, Duties and Responsibility of An Auditor
 Audit Engagement
 Auditing working papers
6th and 7th Week Internal Control, Checks and Audit 6 hours

 Definitions
 Internal Control system
 Internal check
 Distinguish between internal audit and
Statutory audit
 Internal control Questionnaire for
organizational and General matters

8th and 9th Week Audit Planning and Programmes 6 hours

 Audit Programme
 Procedures for audit of Cash transactions,
 Procedures for Computer based Auditing

10th and 11th Week Procedures for Audit of financial statements 6 hours

 Audit of sales and trade debtors

 Audit of Purchases and Creditors
 Audit of Stocks and Work in Progress
 Audit of Fixed Assets and liabilities
12th and 13th Week Statistics Use in Auditing 6 hours

 Statistical sampling
 Advantages and Problems Statistical sampling
 Sampling plans & methods
 Procedures when applying Statistical sampling
 14th Week Verification and Valuation 3 hours

 Verification of assets and liabilities

 Cut off procedure
 Audit of post Balance Sheet

15th Week Final Audit Review and Reporting 3 hours

 Contents of an Audit Report

 Unqualified Report
 Qualified Report

Total Contact Hours

45 Hours

References

 Damagun, Y.M. (2005). Auditing Theory and Practice (2nd Ed.). Zaria, Nigeria: Ahmadu
Bello University Press Limited.
 H. Millichamp (2008) Auditing 10th Edition, Thomson Learning, United Kingdom
 Hooks K (2010) auditing and assurance services; understanding the integrated audit, Wiley
higher education publishers.
Kranacher M, Riley R and Wells J (2010) forensic accounting, Wiley higher education publishers.

 Labaran, S.A. (2006). Auditing, Investigation and Assurance Services. Jos: Seeye Prints.
 RC Bhatia (2005) Auditing, Vikas Publishing House PVT Ltd, India
 Wells J (2008) principle of fraud examination, 2nd edition, wiley higher education publishers.
School Graduate Studies and Research

Department Business Studies

Course Title Investment and Portfolio Management

Year of Study II

Course Code MBA

Credit Hours 3

Contact Hours 45

Mode of Delivery Lectures, group discussions, case studies and presentations.

Financial Management

Mode of Assessment Weight

(%)

Assignments and tests 40%

Final examination 60%

Total 100%

Course

Instructor(s)

Course Description This course is designed for MSC.BA students with interest in finance.
The course surveys the basic theory and practice of investment and
portfolio management, including asset valuation (stocks, bonds, and
hybrid securities – options and financial derivatives). During the course
of the study the impact of risk and uncertainty on expected market
returns for risky assets, the quantification of risk, asset allocation, the
creation of portfolios to diversify market risk, the capital asset pricing
model (CAPM), multifactor models, arbitrage pricing theory (APT), and
portfolio management will be explored.

Course Objectives The objective of the course is to enable students to

 • Acquire knowledge of Ensuring return on investments by
employing the most appropriate techniques on possible
investment opportunities in a bid to give them the best
return.
• Gain the knowledge of inserting in stocks and bonds
• Understand the use of capital assets pricing models.
Learning On successful completion of this course, students will be able to:
Outcomes
 Demonstrate the ability to ensure return on investments by
employing the most appropriate techniques provided in the
course on possible investment opportunities in a bid to give
them the best return.
 Show the ability of managing large portfolios in both local
and international businesses
 Use appropriate models while pricing capital assets
Teaching and The class will meet for three hours each week.
Learning

Week(S) Detailed Course Outline Allocated

Time

1stand2ndweek The Investment Decision: Introduction

 The types of investments

 The types of investors
 Capital investment
 Capital budgeting and investment appraisal.
 The Capital budgeting process 6 Hours

 The principle of time value of money

 Computation of present values, future values and
annuities
3rdweek Investment Appraisal: Cash Flows and Applications

 Replacement cycles
 The make or buy decision 3 Hours
 Fluctuating output situations
4thand5thweek Investment Evaluation Methods

 The non-discounted cash flow techniques 6 Hours

 The discounted cash flow techniques

6thand7thweek Capital rationing, Inflation and Taxation

 Capital rationing
 Allowing for Inflation in discounted cash flows 6
 Allowing for taxation in discounted cash flows. Hours

8thand9thweek Risk Aspects of Investment Analysis

 Adjusting for risk through the discount rate

 Sensitivity analysis 6 Hours
 Scenario analysis
 Simulation
10thand11thweek Portfolio Theory

1. Calculating portfolio expected returns and standard

deviation
2. Estimating the measures of the extent of interaction –
covariance and correlation coefficients
3. Dominance and the efficient frontier
4. Indifference curves 6 Hours
5. Choosing optimal portfolios
6. The capital market line (CML)
7. Problems with portfolio theory
12thweek The Capital Asset Pricing Model (CAPM)

 Assumptions Underlying the CAPM

 The securities market line
 Applications of CAPM
3 Hours
 Problems with CAPM
 Arbitrage pricing theory (APT)
13thweek Investment in Stocks

 The types of stocks

 The types of stock analyses
 Decision making for investment in stocks (stock
3 Hours
valuation)
 Formation of stock portfolios
 Strategies for investing in stocks.
14thweek Investment in Bonds

 Classification of bonds
 Bond analysis 3 Hours
 Decision making for investment in bonds (bond
valuation)
 Strategies for investing in bonds
15thweek Portfolio Management

 The types of investment portfolio management

 Strategic versus tactical asset allocation 3
 Monitoring and revision of the portfolio Hours
 Portfolio performance measures
Total Contact 45
Hours Hours

References
ACCA Study Text, Paper F9 (2008). Financial Management (FM).London: Kaplan/BPP
 ACCA Study Text, Paper P4 (2011). Advanced Financial Management (AFM).London:
Arnold, G. (2005). Corporate Financial Management. 3 rd Edition. London: Prentice Hall.
Brealey, R., Myers, S. and Marcus, A (2007). Fundamentals of Corporate Finance.
McGraw
Education, Inc.

Gitman, L.J. (2009). Principles of Managerial Finance. 5 th Edition. Boston, MA: Pearson
Hill. Kaplan/BPP Publishing.
Leva, H. and Thiery, P. (2005). Investments. London: FT Prentice Hall. London: McGraw
Hill.
Pike, R. and Neale, B (2007). Corporate Finance and Investment: Decision and
Strategies. Publishing.

Journals/Magazines

 Journal of Corporate Finance. ISSN: 0929-1199.

 International Journal of Finance and Economics.ISSN:1076-9307.
 Journal of Corporate Accounting and Finance.ISSN:1044-8136.
School Graduate Studies and Research

Department Business Studies

Course Title International Financial Management

Year of Study II

Course Code FIN 8301

Credit Hours 3

Contact Hours 45

Mode of Delivery Lectures, tutorials, and presentations.

Mode of Assessment Weight (%)

Course Work 40%

Final examination 60%

Total 100%

Course

Instructor(s)

Course Description This course is focused primarily on International Financial Management

with particular emphasis on: The international monetary system, risk
management, treasury management, international investment decisions,
international financing decisions and multinational tax management.

Course Objectives The objectives of the course is to enable students to :

 Understand the use, analysis and interpretations of

information in international business operations
 Expose the students to the techniques of managing finances
while carrying on international businesses.
 Understand the approaches of managing risk in international
 businesses.
Learning On successful completion of this course, students should be able to”
Outcomes
 Demonstrate the ability to use, analyse and interprets
information in international business operations.
 Show the ability of managing businesses in an international
setting.
 Make finance decision in line with international businesses
Teaching and The class will meet for three hours each week.
Learning

Week Detailed Course Outline Allocated

Time

1st Week International Financial Management (IFM) – An

Overview

Introduction
International Business and its Modes
3
Multinational Corporations/Enterprises: The Key
Hours
Participant in International Financial Functions
What Makes International Finance Special
2nd and 3rd Week The International Monetary System

Introduction 6 Hours

Developments in the International Monetary System

4th ,5th 6th and 7th Risk Management
Week
Introduction
Approaches to Risk Management
The Types of Risks
12
Foreign Currency Risk
Hours
Managing Foreign Currency Risk (Hedging and Foreign
Currency Derivatives)
Synthetic Foreign Exchange Agreement
Interest Rate Risk
Hedging Techniques for Interest Rate Risk
Other Practical Approaches to Managing Interest Rate
Risk
8th and 9th Week Treasury Management

Introduction
Treasury Policy 6 Hours
Centralized and Decentralized Cash Management
Centralized Cash Management in the Multinational
Firm
10thand 11thWeek International Investment Decisions

Foreign Direct Investment

International Capital Budgeting 6 Hours
Political Risk Assessment and Management
International Portfolio Investment
12th and 13thWeek International Financing Decisions

Overview of the International Financial Market

International Bond Markets 6 Hours
International Equity Markets
International Banking
14th and 15th Week Multinational Tax Management

Introduction
Tax principles 6 Hours
Transfer pricing
Taxation methods
Total Contact 45 Hours
Hours

References
ACCA Study Text, Paper P4 (2011). Advanced Financial Management (AFM). London:
Kaplan/BPP Publishing.
Arnold, G. (2002). Corporate Financial Management. 2 nd Edition. London: Prentice Hall.
Eiteman, D.K., Stonehill, A.I. and Moffet, M.H. (2007). Multinational Business Finance.
11thEdition. London: Pearson.
Eun, C.H., Resnick, B.G. and Sabherwal, S. (2012). International Finance. 6 th Edition. New
York: McGraw Hill
Pike, R. and Neale, B. (2007). Corporate Finance and Investment: Decision and
Strategies. London: McGraw Hill.
Sharan, V. (2008). International Financial Management. 4 th Edition. New Delhi: Prentice
Hall.