The Institute of Taxation

Course Work Only – Information Technology

• Computer hardware, software and operating systems
• Introduction to Microsoft Excel and Application
• Introduction to Microsoft Word and Application
• Introduction to Microsoft PowerPoint and Application
• Tax Compliance in Digital Economy
• Use of Taxation Software
• Use of Accounting software

Paper 1 – Accounting – I

Section A: Financial Accounting

• Introduction to business and accounting
• Financial Reporting
• The accounting equation
• Double entry bookkeeping
• Bad and doubtful debts
• Accruals and prepayments
• Bank reconciliations
• Correction of errors
• Property, plant and equipment
• Inventory
• Preparation of basic financial statements
• Accounting for non-profit entities

Section B: Cost Accounting

• Introduction to Cost of production
• Inventory valuation
• Inventory management
• Overheads
• Labour costing
• Cost flow in production
• Job and service costing
• Budgeting

Paper 2 – Business Law – I

Section A: Mercantile Law

• Introduction to the legal system
• Formation of contract
• Termination of contract
• Partnership Act

Section B: Company Law

• Company & Types
• Incorporation of company
• Share capital – types and variation                      
• Meetings
• Management
  

Paper 3 – Taxation – I

• System of taxation in Pakistan
• Basic concepts of taxation
• Salary income
• Income from property
• Income from business – basic
• Losses, deductible allowances, tax credits and exemptions
• Taxation of companies, individual and association of persons
• Scope of general sales tax
• Law and rules for sales tax registration and deregistration
• Determination of  sales tax liability
• Filing of tax returns

Eligibility: Intermediate / A-levels