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
    • 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