Certified Tax Manager (Application Level)
Course Work Only – Economics and
Finance
- Micro Economics
- Macro Economics
- Pakistan Economics
- Investing Decisions
- Financing Decisions
- Working Capital Management
Paper 1 – Financial Reporting
- Financial Reporting Concepts
- Preparation of Financial Statements of Limited Liability Companies
- IAS 1: Preparation of Financial Statements
- IAS 7: Statement of cash flows
- IAS 16: Property, plant and equipment
- Non-Current Assets: Sundry standards
- IAS 37: Provisions, Contingent Assets and Liabilities
- IFRS 15: Revenue from contracts with customers
- Interpretation of financial statements
- Ethics for Professional Accountants
Paper 2 – Company Law
- Company & Types
- Incorporation of company
- Share capital – types and variation
- Meetings
- Management
- Formation and kinds of not-for-profit entities
- Overview of types of companies and management
- Companies Act 2017- Share Capital and Prospectus
- Companies Act 2017- Investments and Dividends
- Companies Act 2017- Accounts and Audit
- Filing of Forms & Documents with SECP and secretarial practices
- Awareness of laws, rules and regulations related to banking companies, insurance companies, securities, issue of capital, listing, modaraba, competition, anti-money laundering and foreign exchange.
Paper 3 – Taxation – II
- Overview of Basic Taxation
- Income from business – advanced
- Income from other sources
- Capital gains
- Computation of Payroll
- Income tax returns
- Foreign source income of a resident person
- Assessment, records and audit
- Appeals, references and petitions
- Sales Tax Laws – Federal and provincial/Capital Territory
- Sales tax- returns and records
- Federal Excise Tax
- Tax Professionals’ responsibilities and ethics
- Filing of Returns & Statements with FBR and Provincial Revenue Authorities
- Wealth statement and reconciliation
- Tax computation
- Individual
- Unincorporated business
- Incorporated business
- Introduction to legal drafting and pleading
Paper 4 – Business Writing and Comprehension Skills
|
Syllabus Ref. |
Grid |
Weightage |
|
A |
Comprehension. (Need discussion) |
20-30 |
|
B |
Idea Generation and Arguments |
20-30 |
|
C |
Business Correspondence |
40-60 |
|
|
Total |
100 |
Key Examinable Technical Competencies
|
Syllabus Ref. |
Learning Outcome |
Proficiency Level |
Testing Level |
|
A. Comprehension |
|||
|
1 |
Apply skimming and scanning reading techniques. |
P1 |
T1 |
|
2 |
Summarize a given text. |
P2 |
T2 |
|
3 |
List down essential points briefly. |
P1 |
T1 |
|
B. Idea Generation and Arguments |
|||
|
1 |
Apply brainstorming and thinking techniques. |
P1 |
T1 |
|
2 |
Identify facts, assumptions, and opinions for tax related issues like for grounds of appeal etc. |
P1 |
T2 |
|
3 |
Prepare argument for and against a subject matter focusing on Taxation matters (Assessments, Appeals etc.) |
P2 |
T2 |
|
C. Business Correspondence |
|||
|
1 |
Apply specified vocabulary and phrases. |
P1 |
T3 |
|
2 |
Draft reports, letters, memo and email messages focusing on tax related matters. |
P2 |
T3 |
Eligibility: CTM Knowledge Level passed/referred/Exempted