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Orientation - CAF-06 (Principles of Taxation) - Final Flipbook PDF
Orientation - CAF-06 (Principles of Taxation) - Final
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Principles of Taxation (CAF-06)
Khalid Mehmood FCA, PhD Scholar Dear students I am Fellow Member of the Institute of Chartered Accountants of Pakistan (ICAP) and have an extensive expertise of pertinent corporate practices (Audit & Assurance services, Management Consultancy, Tax services etc.), as sole proprietor of Khalid Mehmood and Company, Chartered Accountants. After passing his MSBA (equivalent to M.Phil.), I have also completed my course work for his Doctorate degree (PhD in Business Administration) from NCBA&E. Now, I am aiming my PhD Thesis and is primarily focusing on Financial Accounting & Reporting during his research. Alhamdullilah, I have been in teaching Financial Accounting & Reporting, Auditing and Taxation for Intermediate and advanced stages of ICAP, ICMAP and ACCA qualifications since 2003. Being professional trainer, I have conducted many training workshops and seminars on Latest pronouncements about Taxation, IFRSs & ISAs organized by ICAP and ICMAP and other Corporate entities. Similarly, I was also engaged in many training workshops like Finance for Non-Finance Executives to Human Resource of his different corporate clients.
Key Points
Housekeeping Rules • Switch off your camera and mute microphones for better quality
discussion • Any questions or issues faced while still logged in to the session, should be communicated via the chat box • The recording of this session will be available later for viewing, on the domain.
E-Campus Support
Using your log-in details, you should be able to access the course plan in the study room.
The course plan sets out the sequence of the topics.
The videos and PowerPoint slides will be available in the course plan in the
columns next to the topic.
The videos cover the key examinable topics and you should go through the recommended study text and practice kit as you progress in the course
E-Campus Support A set of comprehensive study notes are provided on-line by ICAP. The
links to these are provided in the study plan. Only ICAP registered students will be able to access and download them.
After every two weeks there will be live sessions, where exam questions practice will be covered. The practice will relate to the
topics that should have been covered till that date.
E-Campus Support The live meetings schedule is available on the E-Campus website
and is built-in, in your study plan. The meeting link will be available on the study plan on the day
the live session is going to take place. Just click on the link to join the meeting.
E-Campus Support Post the live sessions, an assignment will become available.
Assignments will have to be uploaded on the domain within specified deadlines in order for them to be marked.
E-Campus Support At the end of the session there will be two live Question Based
Revision sessions to recap the key examinable topics A mock exam will be set and this will be covered through a live
discussion or mock de-brief session. This will also be marked if submitted within deadline. Feedback will be shared within 3 to 4
working days.
E-Campus Support
As you progress through the course any concept related query can be addressed to the tutor in the fortnightly live sessions or via e-mail at [email protected]
Any technical support related to accessing videos, meeting invites, etc. should
be e-mailed at [email protected]
You can also share your concerns through the technical support button
available in the course plan.
Syllabus
Syllabus – Course contents & Grid
Syllabus – ICAP Study Text Chapters & Grid Objective, system and Historical background, Constitutional Provisions and Ethics [8-12 Marks] Chapter No. 1,2,3 Income Tax [60-70 Marks] Chapter No. 4,5,6,7,8,9,10,11,12,13,14,15,16 Sales Tax [20-30 Marks] Chapter No. 17,18,19
The Exam
Pattern of
Principles of Taxation (CAF-06) paper An approach to Pass
Paper pattern • There are normally three types of Questions asked by examiner in ICAP Exams at this stage: • Computational Application of Law Provisions [Numerical Questions] (45 -60 Marks) • Scenario Based Application of Law Provisions -
(15-30 Marks)
• Theoratical Questions
(15 -30 Marks)
Paper pattern • Computational Application of Law Provisions [Numerical Questions] • Minimum 3 questions from Income Tax & Sales Tax syllabus areas as evidenced from ICAP previous attempts. • Scenario Based Application of Law Provisions • Small scenario based questions are asked by examiner for theoretical or computational application of Income Tax & Sales Tax Laws in syllabus • Theoratical Questions Theoratical Questions from syllabus areas like from first 3 chapters of ICAP study Text and from relevant Tax Laws.
Study Resources
Study resources • Examiner reviewed Text books
• Past exam papers (https://www.icap.org.pk/students/studyresources/caf/)
Assumed Knowledge
Assumed Knowledge • First Paper on Taxation
• CFAP-05 Advanced Taxation
Questions
Thank You