Course Overview
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Course Synopsis
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This is an advanced level course in financial accounting designed to equip the learner with skills to analyze and interpret financial statements of any business entity in general and a company in particular in the light of local and international accounting standards applicable in Pakistan. The course focuses on some advance topics in financial accounting like Single entry system, Accounting for Non-profit organizations, Department Accounting, Branch Accounting, Partnership Accounting, and Company Accounting. The course also discusses IASB’s Conceptual Framework for Financial Reporting and some valuable International Accounting Standards like, Events after the Balance Sheet Date (IAS - 10), Provisions, Contingent Liabilities and Contingent Assets (IAS – 37), Accounting Policies, Changes In Accounting Estimates and Errors (IAS – 8), Borrowing Cost (IAS – 23), Earnings per Share (IAS – 33), and Group Accounts (IAS – 27).
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Course Learning Outcomes
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At the end of the course, you should be able to:
- Prepare financial statements for different entities complying with the requirements of the relevant regulatory authorities.
- Apply and Interpret specified International Financial Reporting Standards.
- Analyze and interpret the financial statements.
- Evaluate and review the group financial statements prepared by single subsidiary company.
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Course Calendar
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1
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Accounting for Incomplete records (Single Entry System) I
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2
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Accounting for Incomplete records (Single Entry System) II
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3
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Accounting for Incomplete records (Single Entry System) III
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4
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Accounting for Incomplete records (Single Entry System) IV
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5
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Single Entry System & Non Profit Organization
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6
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Accounting for Non Trading Concern I
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7
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Accounting for Non Trading Concern II
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8
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Accounting for Non Trading Concern III
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9
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Departmental Accounting I
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10
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Departmental Accounting II & Branch Accounting
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11
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Branch Accounting System I
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12
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Branch Accounting System II
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13
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Branch Accounting System III
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14
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Branch Accounting System IV
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15
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Branch Accounting System V
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16
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Branch Accounting System VI
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27
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Events after Balance Sheet IAS-10, Provisions, Contingent Liabilties & Assets IAS-37 (I)
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28
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Events after Balance Sheet IAS-10, Provisions, Contingent Liabilities & Assets IAS-37 (II)
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29
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Accounting Policies, Changes in Accounting Estimates & Errors I
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30
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Accounting Policies, Changes in Accounting Estimates & Errors II
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31
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IAS - 23. Borrowing Costs I
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32
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IAS - 23. Borrowing Costs II
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33
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IAS - 33. Earning Per Share I
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34
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IAS - 33. Earning Per Share II
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35
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IAS - 33. Earning Per Share III
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