Preparation for Professional Accounting Certification (PPAC)

PMS stage I

• Conceptual Foundations of Financial Reporting
• International Accounting Standards
• Presentation of financial statements (IAS No. 1)
• Reserves (IAS No. 2)
• Cash flow statement (IAS No. 7)
• Changes and errors in accounting policies, accounting estimates (IAS No. 8)
• Events after the reporting period (IAS No. 10)
• Income tax (IAS No. 12)
• Land, buildings and equipment (IAS No. 16)
• Remuneration of employees (IAS No. 19)
• Accounting for government subsidies and disclosure of information about government aid (IAS #20)
• Effect of changes in foreign exchange rates (IAS #21)
• Borrowing expenses (IAS No. 23)
• Disclosure of information about related parties (IAS #24)
• Accounting and reporting for pension plans (IAS #26)
• Individual financial statements (IAS #27)
• Investments in subsidiaries and joint ventures (IAS #28)
• Financial accountability in hyperinflationary economies (IAS #29)
• Financial Instruments Presentation (IAS No. 32)
• Earnings per share (IAS No. 33)
• Interim financial reporting (IAS No. 34)
• Impairment of Assets (IAS No. 36)
• Established reserve funds, Contingent liabilities and Contingent assets (IAS #37)
• Intangible assets (IAS No. 38)
• Financial instruments Recognition and measurement (IAS No. 39)
• Investment property (IAS No. 40)
• Agriculture (IAS No. 41)
• Application of International Standards of Financial Reporting for the first time (IFRS No. 1)
• Payment based on equity instruments (IFRS No. 2)
• Business combinations (IFRS No. 3)
• Non-current assets held for sale and discontinued operations (IFRS #5)
• Exploration and valuation of natural resources (IFRS No. 6)
• Financial instruments Disclosure of information (IFRS No. 7)
• Operating segments (IFRS #8)
• Financial instruments (IFRS #9)
• Combined (consolidated) financial statements (IFRS No. 10)
• Joint arrangements (IFRS No. 11)
• Disclosure of participation shares in other enterprises (IFRS No. 12)
• Fair Value Measurement (IFRS No. 13)
• Accounts for deferred tariff adjustments (IFRS No. 14)
• Revenue from contracts with customers (IFRS No. 15)
• Leases (IFRS #16)
• Insurance contracts (IFRS #17)

PMS phase II: Tax legislation

General Provisions

• Relations regulated by the Tax Code of the Republic of Azerbaijan
• Tax legislation of the Republic of Azerbaijan
• The basics of determining and collecting taxes
• Tax system in the Republic of Azerbaijan
• Forms of taxation
• State taxes
• Autonomous republic taxes
• Local taxes (municipal taxes)
• The currency of calculation and payment of taxes
• Participants of relations regulated by tax legislation
• Tax concept
• The main conditions for determining taxes
• Basic concepts used in the Tax Code
• Market price
• Transfer price

Taxpayer. Tax agent 

• The rights of the taxpayer
• Duties of the taxpayer
• Tax agent
• Interdependent persons
• Permanent representation
• State tax authorities
• State tax authorities and their designation
• The legal bases of the activity of tax authorities
• Rights of tax authorities
• Duties of tax authorities
• Commercial and (or) tax secrets

Tax control

• Tax control and its forms
• Accounting of taxpayers
• Registration, re-registration and de-registration rules
• Duties of banks related to accounting of taxpayers
• Tax audits and tax monitoring in financial institutions
• Camera tax audit
• Mobile tax audit
• Officialization of mobile tax audit results
• Mobile tax inspection is the entry of officials of tax authorities into territories or buildings for conducting the inspection
• Review protocol
• Requesting documents
• Seizure of documents and items such as samples
• Expertise
• Inviting a specialist to assist in conducting a tax audit
• Presence of an interpreter
• Observer participation
• General requirements for the protocol drawn up during the execution of tax audit actions
• Making a decision on the results of reviewing the tax audit materials
• Operational tax control
• Observing with the chronometer method
• Control over goods that must be marked with mandatory marking
• Inadmissibility of illegal damage during tax audit
• Procedure for receiving financial sanction for violation of tax legislation

Responsibility for violation of tax legislation

• General principles of liability for violation of tax legislation
• Circumstances excluding liability for violation of tax legislation
• Circumstances excluding the guilt of a person in violation of tax legislation
• The term of prosecution and receiving financial sanctions for the offender in relation to the tax legislation 

Complaining about the decisions (acts) of tax authorities and the inaction of their officials

• Complaint procedure
• Consideration of the complaint in the tax authority
• Consideration of complaints submitted to the court 

General rules for payment of taxes

• The procedure for receiving tax debts
• Illegal income
• Rules for determining the object of taxation in individual cases
• Taxation in industrial or technology parks
• Taxation of legal entities and individual entrepreneurs who have received an investment promotion document
• The procedure for determining periods
• Calculation of foreign currency in manat
• Correspondence with taxpayers
• Preparation and maintenance of accounting documents by taxpayers
• Electronic invoices
• Act of purchase of goods
• Procedure for drawing up and issuing a tax report
• Providing information about payments
• Extension of reporting period
• Duties of banks and other credit organizations that carry out different types of banking operations in relation to taxpayers
• Providing information by banks and credit organizations that carry out different types of banking operations
• Disclosure of information by financial institutions
• Tax liability
• Decision on advance determination of tax liability
• Tax liabilityfulfillment of both
• Fulfillment of tax obligations when the enterprise (organization) is liquidated
• Fulfillment of tax obligations when the enterprise (organization) is reorganized
• Fulfillment of tax obligations of deceased, incapacitated or missing natural persons
• Procedure for calculation and payment of taxes by the taxpayer
• Calculation of taxes by tax authorities
• Notice of tax calculation
• Tax liability fulfillment periods and changing those periods
• Place of payment of taxes
• Refund of already paid taxes, interest and financial sanctions
• Procedure for payment of tax debts
• Procedure for listing the property
• The procedure for withholding tax at the expense of the taxpayer's property
• Joint liability for unpaid taxes
• Responsibility for non-deduction of tax at the source of payment or non-transfer to the budget
• Write off bad debts
• The duty to prove

Personal income tax

• Taxpayers
• Object of taxation
• It comes
• Income received in connection with salaried employment
• Income from non-employment related activities
• Determination of income
• Income tax rate
• Income tax exemptions and benefits 

Profit tax of legal entities

• Tax payers
• Object of taxation
• Tax rates
• Exemptions and concessions 

Articles related to income tax of natural persons and profit tax of legal entities 

• Expenses related to income generation
• Expenses not deducted from income
• Limitation on interest deductions from income
• Deduction of bad debts from income
• Deduction of allocations to reserve insurance funds from income
• Deducting from income the costs of scientific research, project-research and experimental construction works
• Depreciation deductions and deductibility of depreciable assets from income
• Deducting repair costs from income
• Deduction of insurance premiums from income
• Deducting expenses incurred for geological exploration and preparation for the extraction of natural resources from income
• Deducting expenses incurred on intangible assets from income
• Limitations on deductions from income
• Conveyance of loss
• Withholding tax on dividend at source of payment
• Taxation of interest at the source of payment
• Withholding tax on rents and royalties at source
• Deduction of tax from non-resident's income at source
• Deduction of tax at source from net profit of permanent establishment of non-resident
• Consideration of tax paid in a foreign country.
• Income earned in countries with preferential taxation
• The rule of accounting of income and expenditure
• Principles of income and expense accounting using the cash method
• Time of receipt of income when using the cash method
• Time of incurring an expense when using the cash method
• The procedure for accounting income and expenses when using the calculation method
• The timing of income when using the accrual method
• The timing of the expense when using the accrual method
• Amounts deducted from income and income on long-term contracts
• The order of accounting of commodity stocks
• Financial leasing
• Reimbursement of deductions from income and provisionsreduction of
• Income and loss on presentation of assets
• Value of assets
• Failure to recognize income or loss
• Liquidation of a legal entity
• Creation of a legal entity
• Reorganization of a legal entity
• Significant change of ownership over a legal entity
• Issuance of declaration
• Current tax payments 

State taxes

• Value-added tax
• Excise duties
• Property tax
• Land tax
• Road tax
• Mining tax
• Simplified tax

Trainer: 

Tural Abbasov

In 2007, Tural Abbasov graduated from the Academy of Public Administration under the President of the Republic of Azerbaijan, majoring in "International Relations". He received a master's degree in "Financial control and audit" at Odlar Yurdu University and is currently continuing his studies at the Economic Scientific Research Institute in the field of "Domestic fiscal policy and public finance".

He has taught and continues to teach various topics in taxation and taxation at the Education Center of the State Tax Service under the Ministry of Economy, Azerbaijan University, Odlar Yurdu University and Baku State University. He has participated in many trainings, training programs, conferences, seminars and other events in Azerbaijan and many countries of the world on finance, tax, other areas of economy and business topics.

He has Professional Accountant Certificates of level I and II on International Standards of Financial Reporting for Small and Medium Enterprises (IFRS for SMEs) and International Standards of Accounting for the Public Sector. In addition to being the project author and head of the project "Increasing tax knowledge of female entrepreneurs", she participated in many projects implemented in the country as an expert and trainer in the field of taxation. The trainer conducts training on "tax legislation", "tax accounting", "international taxation".

The trainer has conducted and is conducting numerous trainings on the 2nd stage of the Professional Accountant Certificate (Tax legislation). As a result of the experiences and approaches formed in this direction, the results of the participants participating in the training in the 2nd stage of the exam are very high.