VAT, or Value Added Tax, is a form of taxation applying to all products in an economy. The tax is applied whenever any value is added to a product, hence the name. An example of VAT is:
- A technology company buys components for a stereo from suppliers, paying VAT on each component.
- The consumer buying the stereo as a finished product pays VAT on it.
To learn more about this concept and become a master at Financial Statement modeling, you should check out our FSM Modeling Course. Learn more here.
Module 1: Getting Started
Module 2: Fundamental Concepts
Module 3: The Income Statement
Module 4: Working Capital
Module 5: PP&E and Intangibles
Module 6: The Cash Flow Statement
Module 7: Debt & Interest Schedule
Module 8: Finishing Your Model
Module 9: Bonus