MODULE 3: Accounting and Finance

Unit 3.3: Tax and Insurance

Coordinators:  Batkhuyag Myagmar, Mongolian University of Life Sciences

Lecturer:  Dalkhjav D., Mongolian University of Life Sciences, a Guest lecturer from the List of teachers within the AGRIMBA network (Annex 1)

Tax and insurance environment for agribusiness

To improve theoretical knowledge, applied skills on tax and insurance.

• Risk Management and Insurance
• Fundamentals of Valuation
• Insurance Regulations, Markets, and Institutions
• Principles of Taxation and Tax Types
• Tax Laws and Regulations
• Tax Statements and Reporting

Lectures (8 hours)

Interaction with students (4 hours)

Self-guided group work

1. Types of Risk; Principles of Insurance; Insurance Types and Policy
2. Valuation Approaches: Asset-Based, Cost and Market; Income Approach of Valuation; Discounted Cash Flow (DCF) Method
3. Insurance Laws, Commercial Insurance Funds; and Insurer’s Business Models
4. Corporate Income Tax (CIT), Personal Income Tax (PIT) and Value Added Tax (VAT): Mechanism, Design, and Policy Issues
5. Laws and Regulations on Corporate Income Tax (CIT), Personal Income Tax (PIT) and Value Added Tax (VAT) and other Business Taxes
6. Types of Business Taxes; Tax Form Submission; and Corporate Income Tax; Structure of Tax Statements;

Carrying out of tax and insurance problems and evaluation tests

Written and oral exam

Fundamentals of Taxation, 2020, 13th edition, Ana Cruz and Michael Deschamps

Principles of Risk Management and Insurance, 2014, 12th edition, Pearson, George E. Rejda