Professional's Legacy

Professional's Legacy Professional’s Legacy (Pvt) Ltd. "Your Trusted Partner in Business Management and Career Growth." Excel for Auditors/Accountants
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Professional’s Legacy is a platform which provides Development Courses, Mentorship, Guidance and Business Consultancy. To Join Development Courses Fill this Form: https://forms.gle/e8CFWLrppCpNNrTQ6

Premium Courses:

1. Preparation of Financial Statements (Advance/Intermediate)
3. Financial Modeling & Valuation Analysis (FMVA)
4. Income Tax
6. Sales Tax
7. Corporate Compliances
8. Stock Exchange


9. Forex Trading
10. Crypto-Currency Trading
11. Email Writing
12. Advance Freelancing
13. MS-Word for Auditors/Accountants/Freelancers
14. MS-PowerPoint for Auditors/Accountants/Freelancers

Business Consultancy
- Financial Consultancy
- Accounting, Bookkeeping & Outsourcing
- Taxation & Corporate Compliances
- Business Plans, Valuations & Projections


For Courses details: +923003078277 (Mehtab Manzar - WhatsApp only)

For Career Guidance: +923000855025 (Shahbaz Manzar – Call Only)

or email at [email protected]


Disclaimer: This platform is not meant to exploit society & social media rules and regulations of any government/entity/public or private organization and individual. Professional’s Legacy shares its views only that may help the audience but decisions remain in audience/viewers hands.

The Institute of Chartered Accountants of Pakistan (ICAP) has been officially included in the Chief Minister Punjab Lapt...
11/04/2026

The Institute of Chartered Accountants of Pakistan (ICAP) has been officially included in the Chief Minister Punjab Laptop Scheme, making ICAP students eligible to apply for the program.

This development reflects ICAP’s continued commitment to supporting students’ academic growth through enhanced digital access.

Eligibility Criteria:
- Must be a resident of Punjab (Islamabad domicile holders are not eligible)
- Minimum of 65% marks in Intermediate
- Must be an active ICAP student (CAF level or above)
- Submit an affidavit on Rs. 100 stamp paper as per the prescribed format

(Active students include those who have appeared in any ICAP examination between March 1, 2025, and March 31, 2026)

Application Process:
- Apply through the official portal: https://cmlaptophed.punjab.gov.pk
- Sign up using valid credentials, complete your profile, and submit the online application
- Applications will be verified by ICAP, followed by final validation by designated focal persons

Important Note:
We encourage all eligible students to apply at the earliest and take full advantage of this opportunity.

Disclaimer: The image is AI generated. Information is based on official announcement content and publicly available updates.

A growing number of college students are reportedly relying on AI tools during classroom discussions, affecting their ab...
10/04/2026

A growing number of college students are reportedly relying on AI tools during classroom discussions, affecting their ability to actively participate. Students at major universities, including Yale, described instances where peers used AI in real time to generate responses to professors’ questions.

Some reported that classroom conversations have become more uniform, with fewer original viewpoints being shared. This trend aligns with recent academic research highlighting the cognitive effects of large language models. A paper published in Trends in Cognitive Sciences suggests that frequent AI use may influence how individuals process information, reason through problems, and express ideas.

Experts note that outsourcing thinking to AI systems could reduce independent analysis and critical engagement over time. Students and researchers have observed a broader shift in classroom dynamics, with discussions becoming more predictable and less varied. While AI tools continue to expand access to information, their role in shaping learning behavior is increasingly becoming a subject of academic and institutional.

Disclaimer: The image is AI generated for illustrative purposes only. Information is based on publicly available sources and reported research.

Ernst & Young (EY) has introduced AI agents into its audit workflows, aiming to automate repetitive tasks traditionally ...
09/04/2026

Ernst & Young (EY) has introduced AI agents into its audit workflows, aiming to automate repetitive tasks traditionally handled by junior staff. According to a senior executive, the shift is expected to make day-to-day audit work more efficient, while also changing how early-career employees gain hands-on experience.

The move reflects a broader trend across the audit and consulting sector, where firms are integrating artificial intelligence to improve efficiency and reduce manual processes. Traditionally, junior auditors developed skills through repeated task ex*****on, but automation is now reducing exposure to those foundational activities, prompting firms to redesign training approaches.

The development highlights a structural shift in how audit professionals are trained and how work is distributed within firms. Industry observers note that while efficiency may improve, the long-term impact on skill development and career progression for junior staff remains a key area of attention.

Disclaimer: This content is based on publicly available information. Any accompanying image is AI generated for illustrative purposes only.

I understand this feels tough right now, but don’t let one setback stop your journey. Until ICAP’s council gives a final...
07/04/2026

I understand this feels tough right now, but don’t let one setback stop your journey. Until ICAP’s council gives a final decision on disqualification, sitting idle is not the right approach. Time is your biggest asset, so keep moving forward instead of waiting without direction.

You still have strong options available. You can explore paths like BS Accounting & Finance, BBA Finance, ACCA, CMA, or PIPFA, these are all solid fields with good career potential. One path may have paused, but that doesn’t mean your growth has stopped. The key is to stay active and keep building your future.

Also, think long term. After stabilizing your path, you can even plan for CSS if age allows and you have interest. Remember, education and growth should never stop. If one door closes, you don’t sit in front of it, you find another way. Move forward, stay strong, and trust the process.

-- Shahbaz Manzar

Disclaimer: The image is AI-generated. Information is based on publicly available sources.

KPMG Tax Alert – April 2026 (Pakistan) | Key Updates Income Tax: FBR has clarified that taxpayers who have already disch...
05/04/2026

KPMG Tax Alert – April 2026 (Pakistan) | Key Updates

Income Tax:

FBR has clarified that taxpayers who have already discharged tax liability under Section 7F (builders & developers regime) can now apply for exemption from advance tax under Section 236C. This helps reduce unnecessary liquidity pressure where capital gains tax created additional burden.

Exemption certificates under Section 159 can also be obtained, with Commissioners required to process applications within defined timelines. The concession on withholding tax for sugar imports has been extended till 28 February 2026.

Sales Tax:

FBR has introduced changes in e-invoicing integration, allowing businesses to connect with one or more licensed integrators for flexibility. However, stricter controls have been imposed, invoice edits or cancellations are allowed only within 72 hours, after which Commissioner approval is required. Sales tax concession on sugar imports has also been extended till 28 February 2026.

Customs:

Amendments in Export Facilitation Scheme (EFS) now allow duty-free inputs proportional to exports, stricter documentation, and new appeal mechanisms within 30 days. Reconciliation reporting is now required every six months.

Changes in Transshipment and IT Cargo Rules include mandatory scanning, stricter compliance, and enhanced monitoring to reduce misuse. FBR has approved a temporary cargo storage facility for DP World (QICT Karachi) and added Jeerak (Panjgur) as a new authorized baggage entry point.

What is take for Employees, Students and Career:

For employees, this update is important because tax rules directly affect salary structures, deductions, and compliance requirements. Understanding these changes helps professionals stay aware of how policies may impact their financial planning and workplace processes.

For students, especially in accounting and finance, this is practical exposure to real-world regulations. It helps in connecting theory with actual market practices, which is essential for exams, internships, and future professional roles.

For career growth, staying updated with FBR regulations builds a strong professional edge. Whether in audit, tax, or consulting, such knowledge increases your value in the market and prepares you for roles in top firms and corporate environments.

Disclaimer: The image is AI generated. Information is based on publicly available sources.

It’s absolutely fine to switch your direction, and you can take admission in CA now. Classes usually start in different ...
04/04/2026

It’s absolutely fine to switch your direction, and you can take admission in CA now. Classes usually start in different batches throughout the year, so you can join the upcoming session easily without wasting time. What matters most is that you have decided to move forward instead of staying stuck.

At the same time, we need to change our mindset that only one field defines success. Giving MDCAT one attempt is enough; if it works, great, otherwise switching to fields like CA, ACCA, BS Accounting & Finance, or BBA Finance is a very smart and practical decision if you want to enter the business and finance world.

Also remember, your journey doesn’t stop here. After BS Accounting & Finance or BBA Finance, you can even attempt CSS and move towards public service. Just stay confident, consistent, and focused, this mindset will take you much further than any single degree.

- Shahbaz Manzar

It’s a good question, and the most important thing is to stay clear about your priority. If you have already passed CAF,...
03/04/2026

It’s a good question, and the most important thing is to stay clear about your priority. If you have already passed CAF, your main focus should be to complete CA. After CAF, doing articles and continuing towards CA gives you strong practical exposure, so completing CA should be your top priority.

On the other side if you are facing extreme and continuous failures despite proper effort, then switching to another path like BS Accounting & Finance/BBA Finance can be considered. But this decision should be based on honest evaluation, not temporary frustration.

Once you complete CA, you will already have excellent qualification, and then you can think bigger. Attempting CSS after CA is also a strong option if you want to contribute to the country and move into public service.

- Shahbaz Manzar

Disclaimer: The image is AI generated. Information is based on publicly available sources.

Both paths can lead to a strong career, but the better choice depends on where you currently stand. If you have already ...
02/04/2026

Both paths can lead to a strong career, but the better choice depends on where you currently stand. If you have already started CA and reached CA Inter, the wiser decision is to complete CA first. Finishing one qualification properly is always better than trying to manage two paths at the same time, as it gives you clarity, depth, and a stronger professional identity.

If you are still at the starting stage and have clearly decided to pursue ACCA, then it is better to start ACCA directly rather than switching later. Changing directions midway without completing what you started often creates confusion, delays, and weak positioning in the market. In reality, consistency and completion matter more than constantly changing paths.

The simple truth is that leaving one path incomplete and jumping to another can harm your credibility, and people often see it as a lack of commitment. A focused approach, where you complete what you start and then move forward strategically, will always put you ahead. Whatever path you choose, commit to it fully and build your skills alongside, it’s that discipline that creates long-term success.

- Shahbaz Manzar

Disclaimer: The image is AI-generated (if applicable). Information is based on publicly available sources.

Both BS BBA and BS Accounting & Finance have strong scope, and neither of them limits your future. It really depends on ...
02/04/2026

Both BS BBA and BS Accounting & Finance have strong scope, and neither of them limits your future. It really depends on your interest and the direction you want to take, because both degrees can open good opportunities if you build the right skills and continue learning beyond them.

In my opinion, both degrees are good, but you should not stop at this level, but after either of these you should consider professional qualifications like CA, ACCA, CFA, ICAEW, or CIA, because real value and growth come from specialization. Additionally, attempting CSS is also a strong option after either degree if you are interested in government career paths (Strongly Recommended).

With clear direction and consistency, both paths can lead to a strong future. At the same time, you should focus on practical skills such as Data Analysis with Excel, Preparation of Financial Statements, Audit of Financial Statements, FMVA, and Power BI. These skills help you stand out in the market and make you strong for both jobs and freelancing, so building skills alongside your degree is essential.

- Shahbaz Manzar

Disclaimer: The image is AI generated. Information is based on publicly available sources.

A market research firm that previously influenced investor sentiment with its artificial intelligence outlook has issued...
28/03/2026

A market research firm that previously influenced investor sentiment with its artificial intelligence outlook has issued a new warning in March 2026, highlighting oil prices as a potential driver of further stock market weakness. Citrini Research stated that sustained high energy costs, tied to ongoing geopolitical tensions, could weigh on equities even if central banks begin easing monetary policy.

The firm’s latest analysis suggests that elevated oil prices act as a constraint on economic growth by reducing consumer purchasing power and pressuring corporate earnings. It also notes that even if geopolitical tensions ease, the financial impact of higher fuel costs may leave consumers in a weaker position, limiting the strength of any market recovery.

The warning adds to broader discussions around macroeconomic uncertainty, particularly as investors assess the combined effects of energy markets, interest rate policy, and geopolitical developments. Market reactions have remained sensitive to updates related to conflict scenarios and potential policy responses.

Disclaimer: The image used is AI generated for illustrative purposes only. Information is based on publicly available sources.

The Australian subsidiary of Apple has engaged PwC to address a payroll system issue that incorrectly recorded public ho...
28/03/2026

The Australian subsidiary of Apple has engaged PwC to address a payroll system issue that incorrectly recorded public holidays as leave days. The error affected thousands of employees, requiring the company to repay former staff and adjust leave balances for current workers.

The issue originated from internal human resources systems that misclassified certain holidays, leading to discrepancies in both pay and leave entitlements over time. External consultants have been brought in to review and correct the system, as well as to ensure compliance with employment standards.

The development highlights ongoing challenges in managing large-scale workforce systems, particularly for global organizations operating across multiple regions. It also adds to broader discussions around payroll accuracy and the role of external audits in identifying and resolving such discrepancies.

Disclaimer: The image used is AI generated for illustrative purposes only. Information is based on publicly available sources.



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