Certified Tax Manager (Application Level)
Course Work Only – Economics and Finance
- Economics
- Nature and scope of economics
- Demand, supply and market equilibrium
- Elasticity of demand and supply
- Firm theory
- National income
- National income determination
- Consumption, saving and investment
- Multiplier and accelerator
- Public finance
- Money
- Inflation and unemployment
- Monetary policy
- Finance
- Nature of Financing Decisions
- Sources of Short-term Financing
- Sources of Long-term Financing
- Debt Versus Equity Financing
Paper 1 – Management Accounting
- Overview of cost and management accounting concepts
- Introduction to Cost of production
- Inventory valuation
- Inventory management
- Overheads
- Labour costing
- Cost flow in production
- Job and service costing
- Budgeting
- Marginal costing and absorption costing
- Standard costing and Variance analysis: Basic Variance of Materials, Labour and Overheads
- Relevant costs
- Cost-volume-profit (CVP) analysis
- Decision making techniques: Buy and Make, Department Continue and Shutdown Decisions
- Time value of money and investment appraisal: Discounted Payback Period, NPV and IRR
- Working Capital Management: Debtors, Creditors and Cash Operating Cycle
Paper 2 – Corporate 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
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
- Tax Compliance in Digital Economy
- Use of Taxation Software
Eligibility: CTM Knowledge Level passed/referred/Exempted