| Stage |
Activities |
| Defining the problem |
Immersion in the subject, namely, acquaintance with the tax system of the Russian Federation, discussion on the effectiveness of investment projects with an external expert-employer, discussion with a teacher (certified chief accounting consultant).In order for students to be able to understand the topic of the project, it is necessary to gain profound comprehension of the fundamental issues of the Russian tax system. For this, students can use several ways:1. To conduct an independent study of the regulatory information using open sources:Civil Code of the Russian Federation;Tax Code of the Russian Federation.2. To listen to a course of lectures.3. To use the materials of the electronic educational resource in the Hypermethod system “Taxation in Construction” (access for UrFU students).Every student, depending on one’s knowledge and capabilities, can choose the most convenient option. It is necessary to provide this choice because of the fact that there are students who have just completed their undergraduate studies and students who are already specialists in the field of development, government employees, etc.The University provides students with the opportunity to choose the most suitable option for obtaining knowledge, depending on their time and competencies. |
| Setting goals, hypotheses, tasks, planning |
During the discussion, a hypothesis is being developed in order to consider all possible taxation options (for legal entities and individuals) to choose the most optimal version of the legal form and tax system for a newly created company that will implement an investment project for the construction and operation of a commercial real estate facility. This project, in turn, will reduce the cost of the newly created enterprise, reduce the payback period of the investment project, and increase net present value and project profitability index.After studying the basics of the tax system, students understand that there are different possibilities for the optimization of the taxation for their development project.The ideal result of the second stage is a description of the financial component of the development project.There should be a cost budget, a schedule for the implementation of costs, a plan for generating revenue, and forecast of a payback period that allow to optimize taxation, which will provide the opportunity to reach the payback period earlier.If students are not ready to describe thoroughly their own project, a virtual project is described together with the group and the teacher in order to develop tax optimization skills so that students do not have problems with calculations in further work on their project. |
| Project implementation |
When calculating various solutions to the problem, students use case technologies, acquiring new knowledge in the field of tax rules of the Russian Federation. Gaining skills in working with regulatory information, skills in finding the necessary information, skills in processing and systematizing a large amount of regulatory information, and the ability to highlight main ideas in large volumes of text is the ability to make independent grounded decisions and take responsibility for them. |
| Presentation of results |
Preparation and verification of the solution about the optimal legal form and tax system for a newly created company that will implement an investment project for the construction and operation of a commercial real estate is carried out by means of gaming technologies. The use of this method will allow to calculate potential savings on tax payments and indicators of possible effectiveness of the investment project. This stage allows not only to minimize the amount of taxes payable, but also to reduce the work of the created enterprise in terms of working with primary tax and accounting documents and the number of employees needed to ensure this activity at the enterprise. |
| Reflection |
The final stage of the project is reflection that is carried out as a group discussion of the calculations made, the options considered and the solutions for choosing one of the ways to optimize taxation. At this stage, external experts such as specialists from financial services of development and construction companies, as well as other teachers who are well aware of the topic being studied, can be involved in the discussion of the results. Students receive feedback from their fellow students and experts during the discussion and collaborative work on the errors, if any. |
