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Course OverviewThe purpose of the course is to prepare accountants (qualified or part-qualified) & MBA/BCom students for life in the real business world by giving them a taste of the practical skills and knowledge needed in the workplace. The underlying assumption is that all trainees will already have some technical knowledge of accountancy and business by virtue of their studies. Trainees are welcome from across Pakistan although the training will be delivered initially only in Islamabad at the Branch office of the sponsoring UK Firm -Mayfield Chartered Accountants (MCA). Training Details The course is based around a series of 6 Modules. Each Module will cover a different aspect of accountancy & business related work experience and will be professionally supervised by Mr Shabir. Some aspects of the course can be done on-line from home whilst others involve attending the offices in Islamabad. Set out below is a summary of the 6 Modules: Module 1: Business Communication Skills - Business letter writing (clients, 3rd parties) - Drafting cash-flow statements & budgets as part of business plan - Presentation issues Module 2: UK Business Registration Issues - Registration of sole trader & partnership businesses in UK - Registration of limited companies in UK - Cost issues associated with above - Applying for VAT & PAYE registration. - Other matters including name protection - Dealing with live client registrations Module 3: The Practical Aspects of Accounts Production - Practical issues concerning end-of-year journals - Wrap-up issues concerning Sole traders, Partnerships - Wrap-up issues concerning Limited Companies (eg overdrawn directors accounts) - Money laundering issues
Module 4: The Practical Aspects of UK VAT - An overview of the administrative nature of VAT - Detailed look at key aspects of output VAT - Detailed look at key aspects of input VAT - Problem areas (property, international transactions) - Preparing live VAT return for UK business clients Module 5: The Practical Aspects of Income & Corporation Tax in the UK - Notification of liability to HMRC - Summary of key components of tax computation - Topical tax investigation matters - Money laundering issues Module 6: The Practical Aspects of Capital Gains Tax in the UK.
- Notification of liability to HMRC - Summary of key components of capital gains tax computation - Property related matters (commercial vs residential) Timing & Dates The training modules shall commence during October 2010. The registration process shall commence Monday 21 June 2010. Appraisal & Certification Admission to the course is subject to interview with Mr Shabir. Interviews shall take place monthly in Islamabad. All students receive a certificate of achievement from the UK. Those students demonstrating outstanding acumen will be considered for an employment training contract with Mayfield Chartered Accountants in UK. | ||||||||||||||||||||||
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