Accounting and Taxation in the Service Sector

Nessipbay Olzhas Muratuly, PhD, Senior Lecturer,

1. Characteristics of the MOOC

The course develops accounting and taxation skills for service-sector businesses, including tourism, hospitality and other services. The language of instruction is English.

1.1. Learning objective: The course introduces students to the theoretical foundations of accounting and taxation in the service sector, the specific features of service enterprises, relevant regulatory requirements, and the procedures for preparing financial statements.

The course teaches students to account for assets, liabilities, equity, income and expenses; calculate the cost of services; record payroll, tax, intermediary and foreign-currency transactions; and prepare financial statements.

The course develops students’ skills in processing primary accounting documents, preparing accounting entries, calculating taxes and service costs, analysing financial information, exercising professional judgement, and applying accounting knowledge in practical situations.

1.2. Learning tasks: Study accounting concepts, documentation and double entry; account for assets, liabilities and equity; prepare financial statements; calculate service costs and prices; analyse revenue, taxation, agency arrangements and foreign-currency transactions.

1.3. Learning outcomes: On completion, learners can identify users of financial information; apply the accounting equation; prepare source documents and journal entries; account for assets, liabilities, payroll and equity; prepare and interpret basic financial statements; calculate service costs and recognise revenue; calculate VAT and corporate income tax under stated conditions; and record foreign-currency transactions and exchange differences.

2. Prerequisites. Module on Economics, Entrepreneurship, Law, and Financial Literacy (Fundamentals of Economics and Entrepreneurship, Basics of Law and Anti-Corruption Culture, Basics of Financial Literacy)

3. Postrequisites. Final Assessment.

4. Number of academic credits / duration of the MOOC: 5 credits / 150 academic hours / 15 weeks. Lectures: 30 hours; practical classes: 15; supervised independent work (SIWT): 15; independent work (SIW): 90. Each of the 15 video lectures lasts at least 15 minutes.

5. Course difficulty level: Beginner, progressing to intermediate applied work.