ACCA FIA FTX – Foundation Certificate in Taxation

This is a subject in Taxation which falls under the ACCA Foundations in Accountancy series. On completion of this subject the student would have developed an understanding of principles and the major technical areas of taxation. This subject focuses on the activities of individuals and businesses. As this subject covers the key areas of the basic taxes, students should be able to calculate tax liabilities, explain the basis of their calculations, complete tax returns and identify the compliance issues.

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Description

This is a subject in Taxation which falls under the ACCA Foundations in Accountancy series. On completion of this subject the student would have developed an understanding of principles and the major technical areas of taxation. This subject focuses on the activities of individuals and businesses. As this subject covers the key areas of the basic taxes, students should be able to calculate tax liabilities, explain the basis of their calculations, complete tax returns and identify the compliance issues.

Accreditation

The Association of Chartered Certified Accountants (ACCA)

Overview

•Basic operation and scope of the UK tax system
•Profit and loss computations for trades and professions
•Calculation of income tax liability of individuals and preparation of income tax returns
•Calculation of capitals gain tax
•Calculation of tax liability of a company
•Effects of value added tax on incorporated and unincorporated businesses
•Preparation of returns

Qualification

A SACOB Certificate in Taxation will be awarded by ACCA on completion of this course.

Requirements

Grade 12 with a good understanding of English and Mathematics

Duration

This subject can be completed in 3 - 6 months

Packages

Home Study

The Home Study Package offers:

• Textbooks
• Study guides
• Workbooks - Not for all subjects
• Lecturer Support - via Email, Phone and access to the Student Question & Answer Platform

Online Classroom

The Full Online Classroom Package builds on the Home Study Package and provides you with the digital resources that may be available for your course as well as giving you access to the SACOB Online Classroom. The Online Classroom Package offers:

• Video Kit
• Study maps
• Study plans
• Lecturer/Concept videos
• Quizzes
• Assessment downloads and uploads
• SACOB Student Forum

Assessment

This subject consists of a paper-based exam which can be sat in June and December.

*As ACCA is a professional accountancy body, it is important for them to ensure all students are aware of how to work and act in a professional and ethical manner. Because of this all students will need to complete Foundations in Professionalism. This can be done online and completed either before or after your exams.

What's next

You can continue your studies with SACOB and ACCA and complete more subjects that make up this qualification.