Certified Tax Technician

QTL (Quick Tax Learning)

⮚ Income Tax Registration

⮚ Income Tax Laws

⮚ Income Tax Returns

• Salaried
• Business Individual
•  AOP
• Corporate

Sections And Laws

• Definitions [SEC 2]
• Tax on taxable income [SEC 4]
• Taxable Income [SEC 9]
• Total income [SEC 10]
• Head of Income [SEC 11]
•  Salary [SEC 12]
•  Income from property [SEC 15]
• Incomes from business [SEC 18]
•  Depreciation [SEC 22]
• Capital Gains [SEC 37]
• Capital gain on disposal of securities [SEC 37A]
• Income from other sources [SEC 39]
• Deduction in computing income chargeable under the head “income from other sources” [SEC 40]
• Agriculture Income [SEC 41]
• Set off losses [SEC 56]
• Carry forward of business losses [SEC 57]
• Carry forward of speculation business losses. [SEC 58]
• Carry forward of capital losses [SEC 59]
• Minimum Tax on income of certain persons [SEC 113]
• Return of income [SEC 114]
• Tax payer’s profile [SEC 114A]
• Persons not required furnishing a return of income [SEC 115]
• Wealth Statement [SEC 116]
• Filing income and asset statement [SEC 116A]
• Notice of discontinued business [SEC 117]
• Method of furnishing returns and other documents [SEC 118]
• Revision by commissioner [SEC 122A]
• Revision by legal commissioner [SEC 122B]
• Agreed Assessment in certain cases [SEC 122D]
• Tax payer registration [SEC 181]
• Active Tax payer list [SEC 181A]
• Withholdings [SEC 148-156]
• Advance Tax [SEC 231-236]
• Deductible allowances [SEC 60]
• Tax credits [SEC 61-63]
• Tax Year [SEC 74]
• Resident and non-residence individual, AOP & Company [SEC 81-84]
• ACT [SEC 113C]
• Advance Tax [SEC 147]

Sales Tax Registration

• Registration and person required to be registered [Sec 14]
•  Registration application (Rule 5)
• Registration application (Rule 5)
• Compulsory registration (Rule 6)
• Change in the particulars of registration (Rule 7)
•  Transfer of registration (Rule 8)
•  De-registration (Sec 21)

  Sales Tax Laws

• Sales Tax Act 1990
•  Punjab sales tax on services act 2012
•  Sindh sales tax on services act 2011
• Sales Tax Returns
• Return [SEC 26]
• Extension of time for furnishing returns [SEC 26AB]
• Special Returns [SEC 27]
• Final Return [SEC 28]

FRP (Financial Reporting Professional)

Key Accountancy Concepts

• Accrual and Cash basis accounting
• Matching concept
• Materiality concept
• Going concern
• Prudence concept
• Substance over form concept
• Consistency and comparability concept
• Nature of accounting heads debit and credit

Use of Financial Ratios

• Liquidity ratios
• Leverage ratios
• Efficiency ratios
• Profitability ratios
• Market value ratios

Book Keeping

Professional bookkeeping of entities using the most used software in the market

• QuickBooks
• Bookkeeping using Microsoft Excel

Professional Level Use of Microsoft Excel

• Use of various formulas in Excel
• Shortcut keys
• Use of Lookup and Pivot table
• Managing and maintenance of data using Excel
• Daily assignments of course will be required to be prepared in Excel.

Financial Statement Preparation

• Enabling students to prepare professional-level financial statements
• Knowledge of financial statement disclosure requirements of various business sectors
• Such as banking, insurance, and manufacturing concerns.

Legal Requirements by SECP & FBR For Preparation and Presentation of Financial Statements

• Knowledge of legal requirements for the preparation and presentation of financial statements
• Time, method and requirement of filing of financial statements with SECP & FBR

Financial Reporting Professional (FRP)

• International Accounting Standards (IFRS & IAS)
• Accounting & Bookkeeping (Xero, Quick books, MS Excel)
• Financial Statements Preparation
•  Ratio Analysis
• Business Feasibility Report

IFRS & IAS (Applicable Financial reporting framework)

International Accounting Standards

• Presentation of Financial Statements [IAS 1]
• Inventories [IAS 2]
• Statement of Cash Flows [IAS 2]
• Accounting Policies, Changes in Accounting Estimates and Errors [IAS 8]
• Events after the Reporting [IAS 10]
• Period
• Income Taxes [IAS 12]
• Property, Plant and Equipment [IAS 16]
• Employee Benefits [IAS 19]
• Accounting for Government Grants and Disclosure of Government Assistance [IAS 20]
• Borrowing Costs [IAS 23]
• Related Party Disclosure [IAS 24]
• Separate Financial Statements [IAS 27]
• Financial Instruments: Presentation [IAS 32]
• Earnings per Share [IAS 33]
• Impairment of Assets [IAS 36]
• Provisions, Contingent Liabilities, and Contingent Assets [IAS 37]
• Intangible Assets [IAS 38]
• Financial Instruments: Recognition and Measurement [IAS 39]
• Investment Property [IAS 40]
• Agriculture [IAS 41]

International Financial Reporting Standard

• First-time Adoption of International Financial Reporting Standards [IFRS 1]
• Share-based Payment [IFRS 2]
• Insurance Contracts [IFRS 4]
• Non-current Assets Held for Sale and Discontinued Operations [IFRS 5]
• Financial Instruments: Disclosures [IFRS 7]
• Operating Segments [IFRS 8]
• Financial Instruments [IFRS 9]
• Disclosure of Interests in Other Entities [IFRS 12]
• Fair Value Measurement [IFRS 13]
• Revenue from Contracts with Customers [IFRS 15]
• Leases [IFRS 16]
• Insurance Contracts [IFRS 17]

 Quick Books

• Techniques for Manual Accounting and Computerized Accounting.
• Basics to Accounting Software.
• Complete QuickBooks expertise.
• Decide the category of your industry and the type of your organization.
• Customize your business according to your company's requirements.
• Create an effective company profile.
• Learn the difference between single and double-entry bookkeeping.
• Manage fiscal year data.
• Set tax percentages.
• Set product tax deductions.
• Perform forecasts and estimates.
• Make use of finance tracking.
• Manage financing timelines.
• Learn about setting up different accounts i.e., Revenue, Income, and Expense.
• Setup the Chart of Accounts.
• Manage and input data in accounts.
• Manage customer information.
• Fill customer orders and carry out customer tasks.
• Manage sales and read receipts.
• Set up vendor and customer information.
• Delete and close customer/vendor tasks.
• Record and manage purchases.
• Learn the different journal entries and how they are used.
• Understand debit and credit concepts.
• Company data security and restoration.
• Learn to work with banks associated with your business.
• Practical application from real company data.
• Analyze financial data and advanced reports.

  Bookkeeping in Detail (For Freelancing & Local Market)

• Bookkeeping techniques

  MS Excel Advance

• MS-EXCEL spreadsheet usage
• Using the toolbar and different tabs
• Complete formatting and editing mastery
• Using Excel for business segments and business purposes
• How to apply Excel function in business reporting and analysis context
• Learn how to apply arithmetic formulas and calculations
• Learn about cell referencing and applying conditional formulas
• Learn about creating new rules and conditions
• Learn how to create tables and use filters
• Learn how to format tables and link data
• Learn how to review and remove conflicting or duplicated data
• Learn various shortcuts from basic functions such as cut, copy, paste, and paste special to
• Advanced shortcuts such as data manipulation
• Formatting cells for currencies, dates, and text functions
• Learn how to draw and edit charts and graphs
• Learn how to edit and infer from pie charts, bar graphs, histograms, etc.
• Learn how to create pivot tables and manipulate shown data
• Learning about Slicers, Timelines, Report Connections, Group Selection, Calculated Fields
• Learn about using Look Up and Reference Functions
• Learn how to conduct Forecasts and apply "What-If Analysis"
• Learn about Goal Seek
• Learn how to use scenario manager functions
• Learn about using forecasting functions
• Learn the concepts for relative and absolute Macros
• Learn about using the developer options such as Form Controls and ActiveX Controls
• Learn about writing basic commands
• Learn how to manage large data series
• Practical Application with Examples

Freelancing Training Sessions

• Fiverr
• Contra
• Up-Work
• People Per Hour
• Guru

Profile Completion / Job Searching / Proposal / Payment Method

• Freelancer
• Domain
• Keyword / Purchasing
• Facebook
• Page management/ Ad posting/ Ad image
• Linked In
• Canva
• Business cards/ Gig image/ Logo design/ Resume/ Flyer/ Poster