2A. PRICING AND PRODUCT DECISIONS (30%) Leaming outcomes: Indicative syllabus content (On completion of thelr studies students should be able to: Lead. 1. discuss concepts of cost and revenue relevant © pricing and product decisions. [Component (a) diss the pinaies of docwan making cal including | the Kentiicaon of relevant cash town a tho te slong not seit cr ang ins rts {iscus tne posse conics between cost Sccouning for proftreporing and stock ‘uation and intoraton required for ecision-making: [4] ‘fscuss the prtcular sues that aio in bring decisions andthe confit between ‘marginal cost pines and the need or {ulrecovery of coats incured. [7 ” © ‘> Relevant cash fows and their use in shortterm decisions, ypicaly ‘concerning acceptancelrejection of contacts, pricing and coavbenelt comparisons. {4} ‘+The importance of strategic, intangible and non-financial judgements in dacsion-making. (6) ‘+ Relevant costs and revenues in decision-making and ther relation to accounting concepts. [4] ‘+ Marginal and full cost recovery as bases for pricing decisions inthe short and long-term. (7] 7 analyae shoriarm prenG nd product decsions. a) explain the usefuness of avidin coats ito variable and fixed components in the Context of shor-ierm decision making: (2) interpret varablefixed cost analysis in ‘multiple product contexts to break-even nalysis and product mix decision making, including circumstances where there are ‘multiple constraints and linear programming ‘methods are needed to identify ‘optimal solutions: (3.5) discuss the meaning of ‘optimal solutions ‘and how linear programming methods can bbe employed for proft maximising, revenue ‘maximising and satisfying objectives: [5] ‘analyse the impact of uncertainty and risk ‘on decision models based on CVP analysis. ©) © @ a ‘Simple product mix analysis in siualions where there are imitations ‘on product/service demand and one other production constraint. [8] ‘= Mutt-product break-even analysis, including break-even and profivvolume charts, contribution/sales ratio, margin of safety etc, a ‘+ Linear programming for more complex situations involving multiple ‘constraints, Solution by graphical methods of two variable problems, together with understanding of the mechanics of simplex Solution, shadow prices etc. (Note: questions requiring the full ‘application ofthe simplex aigorithm will not be set although candidates should be able to formulate an inital tableau interpret a final simplex tableau and apply the information it contained in a final tableau). (3), Sensitivity analysis of CVP-based decision models. (3]P2~C. BUDGETING AND MANAGEMENT CONTROL (20%) Tearing outcomes 7 On completion of thelr studies students should be able to: labus content | Less : Component “expan the prnaples that | (a) expain he concepts of feedback and food |= Control system concen TT] cal underieteuseclbuigets |" lorwardcontaand he applatonintte | Tre use ofbudgetsin planing: olin budgets fr acapive | iconia(12) tee of budgets or planning and contol (12] |" planning (2) (©) explain the concept of responsiblity accounting and its importance in th ‘onstruction of functional budgets that ‘Support the overall master budget: [12] (©) ‘centiy controtable and uncontraliable costs in the context of responsibilty accounting ‘and why uncontrollable costs may or may ‘not be allocated to responsibly centres, 113) + Responsibilty accounting and the use of budgets for control Controlable costs and; veatment of uncontrolabe costs the concepual ink between standard costing and budget flexing. [12] 7 evaluate performance using budgets, recognising alternative approaches and ‘sensitiv to variable factors, (@) evaluate projected performance using rato analysis; (12), (©) evaluate the consequences of what it Scenarios and ther impact on the master budget: [13] (©) evaluate performance using fixed and flexible budget reports. [13] + Assessing te nancial consoquencas of projected performance tment mig tng oat ty anise | turnover ron. (13) + Whatit analysis based on alternate projections of volumes, prices ‘and cost suctures andthe Use of spreadsheets in facing these ‘ralyoes. [13] ‘+ The evaluation of outtum performance using variances based on “xed and xed budgets, [3] ‘3. discuss he broader ‘managerial issues arising {fom the use of budgets in control (a) discuss the wipact of Budgetary control ‘ystems and setting of standard costs on human behaviour, (12) (0) discuss the role of non-financial performance indicators; [13] (©) compare and contrast raditonal approaches to budgeting with recommendations based on the ‘balanced ‘scorecard’ 13} (4) discuss the criticisms of budgeting, Particularly from the advocates of ‘beyond budgeting techniques. [13] ‘+ Behavioural issues in Budgeting: participation in budgeting and Is Possible beneficial consequences for ownership and motivation: Participation in budgeting and its possible adverse consequences for ‘budget padding’ and manipulation: setting budget targets for ‘motivation; implications of seting standard costs etc. [12], ‘Non-financial perormance indicators. (13] Ciiticisms of budgeting and the recommendations of the advocates of the balanced scorecard and "beyond budgeting [13]2D. CONTROL AND PERFORMANCE MEASUREMENT OF RESPONSIBILITY CENTRES (20%) [Leeming outcomes On completion of their studies students should be to: peeeeaie SS eee Socio) tase Component [} eitame be uve of {a} eicuss tho use af coat ravanve,profand [+ Organisation svucure and ie inpicatons or eajansiiy | responsiity centres in investment cenresindewsingorgaisaton |” sccountng. (4) | dewang organcason srucre andin management convo. (1) Stucure ond n | _tmonogaraet coro [4) T ecass riornaion stale (a) Geis coal larmalionin appropiate + Presariaton of nancial informal represoning pororvande and formanagerertancson- |") formats for cos care managers taking | recognising haues of conrotublencenretobe seat rraurng responsty due scrauntefconvotaieincantelable | Yarabeeed cots and acing revences and costes paricar | | Seine oats and te importance of budget foxing: | cont objects (1) | na + Retum on investment and its deficiencies: te emergence of | (&) discuss revenue and cost nfomation in resid income and economicvalue added o adress these. 14] | ‘appropriate formals for profit and investment ‘centre managers, taking due account of cost | variabilty, atibuiable costs, controlable 14) performance for responsibilty centres. [14] 3. Geese te Broaer TB) discuss the lkely behavioural consequences |» The behavioural consequences of performance management and rmanageral issues arising fof the use of performance métrics in contol. [14] | from the division of the managing cost, profit and investment ‘+The theory of transfer pricing, including perfec, imperfect and no | zation to centres; [14] ‘market for the intermediate good. [15] responsibilty centres. (0) discuss the typical consequences of @ ‘+ Use of negotiated, market, costplus and variable cost based | divisional structure for performance transerprices."Dual transfer prices and ump sum payments as | ‘measurement as divisions compete or rade means of aedressing some of te issues tht are | with each other, [15] . . fase ee The iteracton of taneter pricing and tax hates in international (©) lscuss the tkely consequences of aiferent |" Spertions and implications for cuneoee Thora etna appreachas io ansiorpicha for dvaioral | Getonon of veal conpans oneraintsn oees esren aah decison making, cvsianel and group Tax Author drecives (1) broftabiity, the novation of diol management and the autonomy of niu divine 15) (@) discus in pinche potential tx and comrancy management consequences of intra ranstr pricing poey. [15[Tearing outcomes students should be able to: Indicative eylabus content | On completion of their studies [component [Tteaa ‘asad on profi | im saiapee fat ao an approach oprsng based on BOT | > Png SaGuon Ty a amiang WRT IO > SRSEREN, | memaarmemranan py" |* fe maar aoe aN Ta | | | L (b) discuss the nancial consequences of alernative pring svategies:(7] (6) explain wy joint costs must be allocated to final product for financial reporting purposes, but why this Is unhelpful when, {ecisions concerning process and product ably nave 1 be taken [7 + Pricing strategies ans te tnancal consequences of market skimming, premium pricing, penetration pricing, oss leaders, product bundingloptonal extras and product diferertiton to ‘appeal to diferent market segments. (7) | ‘The allocation aon costs and decisions concerning process and. | Product vabity based on relevent costs and Tevenoes ff] ! | | | 2B. COST PLANNING AND ANALYSIS FOR COMPETITIVE ADVANTAGE (30%) earning outcomes ‘On completion of thir studs student shouldbe able Lnetoativg eyBebes content Lead ‘Component "evaluate iechniques for (a) compare and cantaal value avails and ‘Value analysis and qualiy function deployment fi] ‘analysing and managing functional cost analysis: (8) ‘The benefits of just-in-time production, total quality management | ‘costs for competitive () evaluate the impacts of justintime ‘and theory of constraints and the implications ofthese methods fot ‘6vaniage 6) ‘Production, the theory of constrains and \ecision-making in the ‘new manufacturing envionment 8} total quality management on efficiency, inventory and cos; [8] (6) expan the concepts of continuous improvement and Kaizen costing that are Centra to total quality management (8) (4) prepare cost of quality reports 8] (6) apply teaming curves to estimate ime and ‘ost for new products and services 6) (apply the techniques of activty-based ‘management in identiying cost rverslactvites, [10] (@) explain now process re-engineering can be Used to eliminate non-value adding actviies ‘and reduce activity costs; [9] {(h) explain how target costs can be derived ‘om target prices and the relationship between target cosis and standard costs; [9] Kaizen costing, continuous improvement and cost of quality reporting, [8] Learning curves ang ther use in predicting productservice costs, ‘including derivation ofthe learning rate and the learing index. [6] ‘Actvty-based management in the analysis of overhead and its use in improving the efficiency of repetitive overhead activities. [8] ‘Target costing. (9} ‘Lifecycle costing and implications for marketing strategies. 9] ‘The value chain and supply chain management, including the trend {outsource manufacturing operations to trensiton and developing ‘economies. [8] Gain sharing arrangements in situations where, because of the size (ofthe project, a limited number of contractors or secuily issues {g)9 i cefence work), normal competitive pressures donot apy.Tearing suicoren Srcaeltion oftheir studies students should be able to: Indicative syllabus content ‘Component Lead i) discuss the concept of We cycle costing and ‘row ite cyte costs interact with marketing strategies at each stage ofthe fe cyct; (9) ()_dlscuss the concept ofthe value chain and the management of contibuion/profit ‘generated throughout tho chain: [9] () iscuss gain sharing arrangements whereby ‘contractors and customers baneft contract targets for cost, delivery etc. are beaten; (9) (analyse direct customer proftabilly and ‘exiond this analysis o lstibuton channel Profitability through the application of _actviy-based costing Ideas; [9] (m) apply Pareto analysis as a convenient technique for identiying key elements of ata and in presenting the results of other analyses, such as bef feat. sch a8 att based profabity [The use of direct and acivty based cost methods In tracing costs to ‘cost object’, such as customers or distribution channels, and the comparison of such costs with appropriate revenues to ‘establish ‘ered’ contibuton levels, 3s in the activity-based cost hierarchy. [9} ‘+ Pareto analysis. [9]PAPER E2 ENTERPRISE MANAGEMENT Syllabus overview Paper E2 moves away from the emphasis on functional knowledge within Paper E1 Enterprise Operations, towards an holistic, integrated view of management across the organisation. Building on important concepts in strategic management, this paper develops tools and techniques for identifying the key types of competitive environment. The skils zed tools of project management are also addressed. Finally, the paper introduces the skills and ” tools needed to work with, manage and develop teams. This includes both the legal aspects of managing individuals, as well as the sofier elements of negotiation and leadership skills Syllabus structure The syllabus comprises the following topics and study weightings: A _| Strategic Management and Assessing the Competitive Environment } 30% B | Project Management 40% C | Management of Relationships 30% Assessment strategy There will be a written examination paper of three hours, plus 20 minutes of pre-examination question paper reading time. The examination paper will have the following sections: ‘Section A - 50 mark: Five compulsory medium answer questions, each worth ten marks. Short scenarios may be given, to which some or all questions relate. f Section B - 50 marks ‘One or two compulsory questions. Short scenarios may be given, to which questions relate.£2~- A. STRATEGIC MANAGEMENT AND ASSESSING THE COMPETITIVE ENVIRONMENT (30%) Leeming Sucomes:, Indicative syllabus content ments and key al characteristics of environments. ironments; distinguish between different types of competitive environments. ‘On completion of their studies students should be able to: ‘| Lead ‘Component 1. discuss different competitive iscuss the nature of competitive PEST analysis and its derivat '» "Porter's Diamond and its use for assessing the competitive advantage of nations. (6) is 7, discuss developments in strategic management. discuss concepts in established and ‘compare and contrast approaches to strategy formulation; explain the relationships between different levels of strategy in organisations. emergent thinking in strategic management; = Perspectives on the strategic management of the firm (including - , resource-based view and ecological perspective). Levels of strategy (e.g. Corporate, business-level, functional) (Note: Candidates are not expected to identify or evaluate options). 2) 21 Ne oo£2 -B. PROJECT MANAGEMENT (40%) "i (Ee a sae aera auld be ne Ieee slab ont pon < teed — =e Tools and techniques jentify a project, a programme and their "e 'The definition of a programme, a project, project management, and of project management. ibutes; the contrast with repetitive operatians and line managemer ) apply suitable structures and frameworks to | » 4-D and 7-S models to provide an overview of the project pro projects to identify common project and the nine key process Ml) to show what happens dur management issues; each part of the (©) construct an outline of the process of project | » The benefits tions of having a single process for management; managing (4) identity the characteristics of each phase in |» Key tools the project process: 6) anagers (e.g. Work Breakdown Structure, tical Path Analysis), Gantt charts, resource 4] 9 Scope at the outset of a project and pr In management/change contro of basic plans for time, co planning projects, as part of the risk and opportuni systems; ; discuss the value of post-completion audit; apply a process of continuous improvement to projects. performance and management systems. (15] | tion, documentation, completion reports and system «The use of post-completion audit and review aciviies and the justification of their costs. [15][eee eames On completion of their studies students should be able to: Indicative syllabus content [i nto - 1. discuss concepts associated | (a) discuss the concepts of power * The concepts of power, authority, bureaucracy, leadership, with the effective operation bureaucracy, authority, responsibilty, responsibility and delegation and their application to relationships of an organisation. leadership and delegation; within an organisation and outsid (b) demonstrate the importance of ‘© Organisational ion, classification, importance. {7 ‘organisational culture; ‘+ The sources of conflict in organisations and the ways in which (c) identify the nature and causes of conflict; Conflict can be managed to ensure that working relationships are (d) discuss alternative approaches to the productive and effective. (9} management of conflict. 2, discuss the activities (@) analyse the relationship between ‘* Disciplinary procedures and their operation, including the form and associated with managing ‘managers and their subordinates, process of formal disciplinary action and dismissal (e.g. industrial people and their associated including legal aspects affecting work and it techniques. ‘employment; discuss the roles of negotiation and ‘communication in the management Process, both within an organisation and with external bodi discuss the effectiveness of relationships between the finance function and other Parts of the organisation and with external ials, teams and networks, and for 19 group conflict; and contrast ways to deal with dis (f) explain the process and importance of ‘mentoring junior colleagues; (g) analyse issues of business ethics and corporate governance, fect of legal issues affecting work and employment, ication of relevant employm: (i.e. types of communication tools and their Use, as well as the utility and conduct of meetings) and ways of ‘managing communication problems. [8] imise its value to the g. business process shared service centres) and contribution to other ‘embedding finance personnel in business and strategic decision processes). [9] ‘Management of relationships with professional advisors (accounting, tax and legal), auditors and financial stakehol obligations and expectations of a manag: How to lead and manage The role of a mentor, and Motivating team members. The use of systems of control within the organisation (e.g. employmen contracts, performance appraisal, reporing structures). [10]Learning outcomes [On completion of their studies students should be Indicative syllabus content “| Lead ‘Component 2. evaluate the relationship of the project manager to the extemal environment. (a) produce a strategy for a project, (b) recommend strategies for the management of stakeholder perceptions and e roles of key players in a project organisation, * Determining and managing trade-offs between key project objectives of time, cost and quality. [12] * Stakeholders (both process and outcome), their power and interest, and their needs and expectations, marketing and communications to enhance perceptions. [17] ° Re support structures, including project management offices, as well as project sponsors (SROs), boards, champions, managers and clients. [17]PAPER F2 FINANCIAL MANAGEMENT ‘Syllabus overview Paper F2 extends the scope of Paper F1 Financial Operations to more advanced topics in financial accounting (preparation of full consolidated financial statements and issues of principle in accounting standards dealing with more complex areas) and to developments in extemal reporting. With the advanced level of financial accounting and reporting achieved in this paper, the analysis and interpretation of accounts becomes more meaningful and this constitutes a substantial element. Syllabus structure The syllabus comprises the following topics and study weightings: ‘A | Group Financial Statements 35% |B issues in Recognition and Measurement 20% | Analysis and Interpretation of Financial Accounts 35% D__| Developments in External Reporting 10% Assessment strategy There will be a written examination paper of three hours, plus 20 minutes of pre-examination question paper reading time. The examination paper wil have the following sections: Section A 50 marks Five compulsory medium answer questions, each worth ten marks. Short scenarios may be given, to which some or all questions relate. Section B- 50 marks ; One or two compulsory questions. Short scenarios may be given, to which questions relate.F2-A. GROUP FINANCIAL STATEMENTS (35%) {Learning outcomes ‘On completion of thei ts should be able to: Indicative syllabus content ~ | Component 1. prepare the fll consohdated Balemenis of single ‘company and the Consolidated statements of fancal postion and ‘comprehensive income for & ‘10up (in elatvely complex ‘reumstances) @) ©) | le ea copii et of coraolaed Fhancal stents fm sabe or Dublcaton fora grou of companies lemons the impact on group franca Satoments where’ heres @ minorty intrest terest ina subir or associate is eoqued or daposed of part way trough on accounting period {tonto the eectve date of accustion and vende out of pre-acquiston profs) Shareoldgs, or contol are acquired Stages: rie group vading and oer {Yansactons ocr the value of gods raed 2) he concep of a joint venture ana how ‘erousiypen ae accounted for ‘+ Relationships between investors and investees, meaning of control ‘and circumstances in which a subsidiary is excluded from ‘consolidation. (¢], [10] ‘+The preparation of consolidated financial statements (including the ‘group cash flow statement and statement of changes in equity), Involving one or more subsidiaries, sub-subsidlares and associates (AS 1 (revised), 7 and 27, IFRS 3), [4-8], [10} ‘+ Tho roatment in consolidated financial statements of minority interests, pce and post-acquisition reserves, goodwill (including ts impairment), fai value adjustments, intra-group \ansactions and The problems of profit measurement and the effect of alemaive approaches to asset valuation; curent cost and current purchasing ower bases and the eal terms system: Financial Reportgg in Hyperinflatonary Economies (IAS 29). [12] ‘. ‘+The principle of substance over form and its infuence in deatng with transactions such as sale and repurchase agreements, Consignment stock, debt factoring, securitsed assets, loan transfers and public and private sector ancal colaboration. (16) + Financial instruments classified as iabilies or shareholders funds, ‘and the allocation of finance costs over the term of te borrowing (AS 32 and 39) (13), + The measurement, including methods of determining fait valve, and disclosure of financial instruments (\AS 32 and 38, |FRS 7) (13), + Retirement benefits, including pension schemes - defined benefit ‘schemes and defined contribution schemes, actuarial deficits and ‘surpluses (IAS 19). 15} + Share-based payments (IFRS 2): types of transactions, ‘measurement bases and accounting; determination of far value, 14)F2~C. ANALYSIS AND INTERPRETATION OF FINANCIAL ACCOUNTS (35%) Tearing outcomes ‘On completion oftheir studies students should be able to: Indicative syllabus content ‘supporting information. analysis and analysis based on financial, statements. tad Component [1. produce a rato analysis rom | (a) imepretsrange of cantngrafon: [> ean arene aay, ana cal vate ) cin he Imttons of acounng acopaby, hui, activi, shareholder Invest a spend ay ° financing, and their interpretation. [2] ‘+ Calculation of Earnings per Share under IAS 33, to include the ‘tfect of bonus issues, rights issues and converibie stock (3) short-term dabl, on ratio, particulary gearing. (2) ‘+ Limitations of ratio analysis (e.g. comparability of businesses and accounting polices). 2] 7 evalaie paiormance and poston Ta) analyse francial statements mn Whe content Ot information provided inthe accounts and ‘corporate report: ‘evaluate performance and position based ‘on analysis of financial statements; discuss segmental analysis, wih inter-firm ‘and international comparisons taking ‘account of possible aggressive or unusual ‘accounting policies and pressures on ethical behaviour, discuss the results of an analysis of nancial statements and is limitations. ©) © ) + Interpretation of financial statements via the analysis fhe ‘2ccounts and corporate reports [2] +The identiication of information required to assess financial Performance and the extent to which financial statements fall to provide such information. (2) ‘Interpretation of financial obligations inclided in financial accounts (e. redeemable debt, earn-out arrangements, coningent Habits). (2) omen! araiysis:iner-rm and international comparison (IFRS 8). ‘+The impact of financing structure, including use of leasing and | + The need to be aware of aggressive or unusual accounting policies {"reatve accounting) .g:1n the areas of cost captalisavon ang ‘evan recognion, and treats oth ahi of accountants ors Bressure to repon “good results [2 +_Reporing the resus of analysis [3F2~ D. DEVELOPMENTS IN EXTERNAL REPORTING (10%) ‘earning outcomes ‘On completion of ther studies students should be able to: Indicative syi Lea ‘Component 1 ecuse contemporary Sevelopments in faancia! tnd non inane reporting, (a) discuss pressures frontend the scope unity of exeral reports fo Ince brospocive and nontnanetl mater, and Faratvereporng goeraly fxplan how information concerning the Interacion of business wih socely and the natural environment can be communicated nthe published account; (6) discuss socal and enronmental sues wtih are key fo be most important 0 Stakeholders in an eganiation, ‘explain the process of measuring, recording and cscosing he effect of exchenges between a business and soca = human resource accounting: (6) discuss moj diferences beeen IFRS and US GAAP, and ine measures designed {0.contibute towards thew convergence © @ + Wereasing siakeholder demands fr mlormation that goes beyond bistoncal nancial information and tramewerks ior uh repering Including, 98 an example of naional requirements and goons, the UK's Business Review and the Accounting Stands Boards bes! pracie standard, RS1, and the Global Reporing inate i + Environmental and social accounting issues, diferertating between extemaities and costs intemalised tough or sxample, capitalisation of environmental expenditure, recogniton of ture {environmental cosis by means of provisions, taxation and the costs ‘of emissions permit trading schemes. (11] + Non-financial measures of social and environmental impact. {11} + Human resource accounting. (11) + Mojorciferences between IFRS and US GAAP, and progress towards convergence. {11}PAPER R2 TAXATION Syllabus overview Taxationisa very important course unitin whole management accounting Cu eared neem depend id management sents anon treet erent eapactes: even itay be Selected 2 2 epe Considering such importance this course's designed in an integrated way to equip the students wth Pract mia alongwith theoretical judgments. Tis cours covers both erect and indirect taxes as applicable to Bangladesh sex that after successful completion of this course unt, students will be able to assess their own inct uroosea the same time can solve any tax related issues for ther offices. rriculum due toits due importance. Profess Syllabus Structure The sylabus comprises the following main topics withthe relative study weightings: SS a Direct Tax Income Tax 50% Ingiect Tax Value Added Tox and E Customst 35% c Miscellaneous my * Maximum 10% Weight goes for customs while setting questions forthe exam, pr eter terre Nee ee ee oer Meal R LL kerr et eesre treyR2—A. INCOME TAX (50%! Learning outcomes een ere should be able to eo (a) Lear the theory of ) {Lm know the bass fincome aboutthe —rlowin Banglades basetheory scope mmssopeet (ently the srctre of ox sean? author in Bangladesh and (deny dierent charge of treme ta (ots income; 20sass aboctthe ——() ent resident tatus ‘computation of diferent categories of oftotal enable assesses and (Lear taxablty under ferent heads of income, 30 *Meaning ofa, features and purposes of tax + Prncples/Canonsf taxation *Classifcation of Taxes * Characteristics ofa Good Tax System “Tax Structure in Bangladesh since Tax ts meaning and nature +mportancen respect of contribution to lateral resource mobilization + Historical perspective ofthe Income Tax Ordnance, 1984 + Statutory definitions of important terms + Administrative and Juda authors appointment organization structure, power and functions Taxes Appellate Tibural Registered Income Tax practioner + Sources ofincome Taxon ‘Rates under TO, 1984 TR 1968 and ferent SROs sued fom time totime Scope of Total income onthe basis of Assesse's Resident Status “Income deemed to accrue cr arisein Bangladesh *Deemed income (aneplained investment et) ‘Non Assessable Income “income under Specic Heads * Salaries: Definition, coverage, beneis and perquisites, provident fund et. “terest on Securities: Coverage, gossng up, exemptions, deductions, exclusion it, exinterest and cumnterest| ‘transactions bond-washing transaction “Income from House Property: Annual value, coverage, desitions repair and maintenance charges tax holiday and ‘exemption int for newly constructed residential houses, TDS on Income fram house property + Agricultural Incomer Fly, partly and other agricultural income, Agriculture assets, deductions, cost of production, ‘applicability of reduced taxrate, set-off and cay forward of agricultural losses Income from Busines or Profession: Definition, Capital and revenue expenditures, coverage, partly busines income, admissible and inadmisible expenses, deprecation on business property (normal, ext, nt accelerated and specs: ‘of and cary forward of busines losses and loses in speculation business Share of Income from fms ‘incame of Spouse o Minor child + Capital Gains: Definitions, computation, exempted capital gains set-off and carry forward of losses under Capital Gains income from other Sources: Coverage vider interes royalty ees for technical eres, ec) deductions clubbing of Income *Forelgn Income ee0 = 3. Know about * sessment 0) Leam assessments of inviduals, fre Fs, Associaton of Persons and Co- Cfaiferene — OPeatve Societies: and ‘category of (© Leam assessment of corporate Income for tration purpose, (2)Know the provisions relating to Payment of tax refund and recovery: {) Leam provision regarding Investment taxcredit and taxrebate; (Lear provident, superannuation, Pension and gratuity funds; ecole “@ Dicsabiis in peal ses (©) Understand provisions regarding appeals revision and reference; and {f) Haveidea on some special topics igh Cour hearing bass, and ex rect return basis after-hearing| a sent for outging PION fd dee sessment “Fngteumotncone ander Seema "Ancien ta bosons andra sessant Cael ei “Stern eet ase peso seer me pera see espn come mst = Seen covtne at banesot Ro ssincome including income other than fms income “Send cary rete ian patoe “Aint ins ee ere “Assamese gen conan andincase const “Ctpones ton an sope “Seta tt el one TetmdonsesetSents “Goin conan seg coal fitetech vente tea “Assen fants psa Carne nln bnkandnsyarce connie nd companies nape twcon eons onsale Capoten Ge “West Tcpyen x edd tse TO orparasyo0 “aac oe “Pama nso tun “aaah tet es pad “Roman noes ef ema “Tanai on ee eine cet ee “ns Movie un Sita, Ger Catbay “Aegean Vea “pee cad “topo pean ind ‘Fetensnd aly nie: esr agers asodaton pons poo Apparent OCF - “Tate ofr) {Dada pes yr tn pee a nd plat son ecuton| SE oe fence an ethos of counting | - Double Taxation Relief “Tachola and ax exemption Scheme nds y ronald ial ‘erating Tours ndustes, Objectives and importance of eS _iaxaudtadinesigaton TansterpingR2—B. INDIRECT TAX: VALUE ADDED TAX AND CUSTOMS (35%) perc = a Oncompletion of thei studies students should be able to Te Led Co (a) discuss the background of Value Added Tax in Bangladesh (b) Know about the VAT registration, imposition and return submission formalities (Identity diferent tax under VAT aws like supplementary duty, turnover tax ete |.Lean about Value Added hese (@) identity the VAT authority with power and responsibilities; {6) identify the provisions relating to account keeping, audit | and resolving dispute; | (© Understand the fine and penalty provisions under VAT Act and (6) Apply VDS rules different applicable areas to comply with the requirement. Concepts, Advantages and Disadvantages “Arguments for and against VAT *Ienposton of VAT *Asceraiing value for determination of VAT Time and method of payment Impostion of supplementary duty (Third Schedule) “Turnover tax “TaxCredit * Computation of VATin Bangladesh + Obligation of Tax payers under VAT laws ‘Exemption Fst and Second Schedule) Registration VAT Authority Enlistment for Turnover Tax or Enltment for cottage ndusty + Payment of VT *VDS Guideline * Submission and examination of Return *Maintenance of Books of Accounts and Records ‘var audit + Offence and Penalties + Confiscation, Appeals and Revisions *Alteratve dspue resolution + Recovery of Claimed VAT Refund2.Lear about Customs Act inBangladesh, (a) Discuss the background of Customs Act, 1968 (©) Know about the Customs Authority thet power and duties (¢ Know the provisions relating to prohibition and estiton of importation and exportation; (q) Lear about levy of, exemption fom and payment of ‘custome duties (e1 know about the provisions relating to duty drawback: (Lear about the special provisions regarding baggage and ‘goods imported or exported by post (@) dent the offences and penalty provisions under customs actand (ty Know the assessment, appeals and evson procedure under the customs act. Objective of Custom Act “Custom procedure “Sut defonsfimport Terms _ Sauer de mt 1969. General Customs Duty impart duty, Regulatory Duty Countervaling Duty Ant-dumping Duty anc safeguard duty + Exemption from duties ‘Value of goods for assessme Refund claim “fates of Duties, Duties Taxes and other charges collected by custor ‘Authority at import point: Custom Duty (CD), Supplementary Duty {Yolue Added Tax (VAT) Infrastructure Development surcharge (10S ‘Advance Income Tax (AT) Computation of Duties and Taxes at Import stage {Prohibited goods {uty rawback {Customs Authority - power, dutles and responsibilities * Assessment Appeals and Revision ‘offence and Penalties "Power of Search, Seizure and Arrest under Custom Act “TayelTaxon Foreign Tours "Baggage ules and elated Taxes st purpose ~PSI Certificatesrr A2—C. MISCELLANEOUS (15%) Ld TT (a) discuss the bales of exc Loess the bases of excise dyn angles Excise duty meaning and objectives smaboutthe asic (0) Know the coverage of x = Curent coverage of excise taxation tend ope of ee 9° fee oan “Levyand colection of ty Ft Sehecle) een Laser te Procedure ofl nd coection fates under “REDUX an ations ty of xise fcisiand Determination of value fr the purpose of uty Offenses and penalties {2 Ideonly the provisions lating to ofencesandpenates. “Bx ofers- power and duties (0) Understand the scope of tox planing: fx evasion, wokdanee and planning Prerequisite to ffective tax planing al partes al taxes and alos (2 Aooy ferent tax planingtherern praca senor uci x panning pari “nflenceoftax rules on investment, ance and dividend decisions 2Giineperiseontax (Diente between taxes ncaa sain wee ance and lng: peer as (uate he ole oftx authority tom aden “importance tor paning perspective; and *Resecionson ape Shar (Apt the tation theo orth getrbenetane aca socety “Git meaning and cope CaUndestand he nature ofgftandgftarinsangadeny; (Git memitandson + Exemption fom Gift tax (br identity the chargeabilty of andexemption fiom gitar: “Detaminaton off elu of its oak sen of gts teayane ae a aay (Kw theassessmentprocedie and sbmison ofr pewnOt a Peers scOPe Fao Sr the purpose of gion *Gittaxpayable lads. “Recovery of tax and penalties {oh Value taxable git and *Gittae authority + Appeal (€) Know the rates applicable for charging taxon it. ‘fates fit taxReference Books: 4.income Tax Ordinance ~1994 and Income Tax Rules 1994 2. Customs Act 2014 3. Value Added Tax and Supplementary Duty Act 2012 4, Excise and Salt Act ~ 1944 5. Gift Tax Act 1980 6. The Finance Acts (Latest) >. Tex Planing under Direc Taxes, Acharya, Shuklenra and M.G, Gurha, Modern Law Publication Alla) bad 8.Taxation, Wilkinson, M, (1982), London: McMillan Press 9, Bangladesh Income Tax: Theory and Practice, Shil N.C, 2, Masud and F. Alam (2016), Tenth edition, ams Publications, Nikhet, Dhaka 410, Study Materials- Taration-ICMAB.