MGT401 : Financial Accounting II

Course Overview

Course Synopsis

This course includes introduction of different business entities, formation and meetings of companies,relationship between companies,legal documents of companies,share capital. Preparation,Presentation,Measurement,Recognition criteria and Disclosure requirements of Financial Statements including fixed assets,other non-current assets,inventories,presentation of assets and liabilities sides in balance sheet,investments,long term advances and deposits,long term liabilities,leases(including finance and operating lease),current liabilities,contingent liabilities and contingent assets,events after balance sheet date and earning per share (EPS).These all concepts will be covered with respect to Companies Ordinance 1984 and International Accounting Standards (IAS)/IFRS.

Course Learning Outcomes

At the end of the course, you should be able to:

  • Recognize the contents and uses of financial statements
  • Understand the role of financial accounting as the common language of business to all internal and external users of financial data
  • Assessment both for the process of preparation and presentation of financial statements
  • Construct and make decisions from financial statements
  • Identify and analyze the key concepts,terminology and guiding principles of IAS/IFRS accounting practices
  • Acquire information about the local legislation of Companies Ordinance 1984 as guiding principles for accounting practices and formation of companies
  • Recognize the key ethical implications of purposeful accounting decisions


Course Calendar

TopicLectureResourcePage
Types of Business Entities1Handouts01 - 03
Formation of Companies and Meetings2Handouts04 - 07
Relationships between Companies3Handouts08 - 11
Preparation and Presentation of Financial statements4Handouts12 - 17
Property, Plant and Equipment5Handouts18 - 21
Revaluation of Assets6Handouts22 - 27
Property, Plant & Equipment and Borrowing Cost7Handouts28 - 33
Intangible Assets – Companies Ordinance 19848Handouts34 - 39
Quiz No.1
Intangible Assets – IAS 38 & Investment in Associates9Handouts40 - 44
Other Non Current Assets10Handouts45 - 48
Inventories11Handouts49 - 55
Valuation of Inventories12Handouts56 - 60
Current Assets, Fourth Schedule -Companies Ordinance 198413Handouts61 - 65
Assignment No. 01
Presentation and Disclosure of Assets in Balance Sheet14Handouts66 - 71
Long Term Investments, Presentation and Disclosure15Handouts72 - 76
Long Term Investments16Handouts77 - 83
Risks & Disclosure under IAS 32 and 39 & Long Term Loans17Handouts84 - 88
Quiz No. 02
Long Term Deposits and Prepayments & Current Assets18Handouts89 - 93
IASB’s Framework19Handouts94 - 99
IASB’s Framework (Contd.)20Handouts100 - 105
Presentation of Liabilities in Balance Sheet21Handouts106 - 111
Liabilities side area of Balance Sheet (Share Capital and Reserves)22Handouts112 - 115
Mid Term Examination
Share Capital23Handouts116 - 119
Repurchase of Shares –Section 95 A24Handouts120 - 122
Prospectus & Non-Current Liabilities –4th Schedule25Handouts123 - 125
Leasing – IAS 1726Handouts126 - 130
Leasing – IAS 17 (Contd.)27Handouts131 - 134
Leasing – IAS 17 (Contd.)28Handouts135 - 139
Quiz No. 03
Leasing – IAS 17 (Contd.)29Handouts140 - 143
Leasing – IAS 17 (Contd.) & Provisions, Contingent assets and Contingent Liabilities IAS 3730Handouts144 - 146
Provisions, Contingent Assets & Contingent Liabilities (Contd)31Handouts147 - 149
Graded Discussion Board No. 01
Provisions, Contingent Assets & Contingent Liabilities (Contd) and Income Statement32Handouts150 - 152
Income statement IAS-0133Handouts153 - 158
Revenues IAS-1834Handouts159 - 160
Presentation and Disclosure of Expenses in Income statement35Handouts161 - 164
Statement of Changes in Equity, Accounting Policies, Changes in Accounting Estimates and Errors36Handouts165 - 167
Changes in Accounting Policies –IAS 8, Errors and Cash Flows37Handouts168 - 170
Quiz No. 04
Cash Flow Statement IAS-738Handouts171 - 175
Cash Flow Statement (contd.)39Handouts176 - 179
Cash Flow Statement (contd.)40Handouts180 - 182
Events after the Balance Sheet Date IAS-1041Handouts183 - 185
IAS-33 Earnings per Share42Handouts186 - 188
IAS-33 Earnings per Share & Financial Statements43Handouts189 - 195
Presentation and Disclosure Requirements of Financial Statements44Handouts196 - 203
Presentation and Disclosure Requirements of Financial Statements - Revision45Handouts204 - 209
Final Term Examination
 
 
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