Course Overview
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Course Synopsis
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Financial Accounting II is mainly focusing on preparing the financial reports in accordance with international financial reporting standards (IFRS) and local regulations and practices. This course covers the IASB: Conceptual Framework for Financial Reporting, Presentation of financial statement, Statement of Cash Flow, Accounting for Current Liabilities, Accounting for Inventories, Accounting for Current Financial Assets, Short Term Investment (Equity and Debt Instrument), Accounting for fixed Assets, Accounting for Non-Current Assets (Intangible Assets), Investment property, Accounting for impairment of Assets (Basic concept), Investment in Non-Current Financial Assets, Revenue from Contracts with Customers, Financial Statement Analysis, Accounting for Incomplete Records, and the Accounting for Non-Profit Organization.
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Course Learning Outcomes
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At the end of the course, you would 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
- Understand the requirements of international financial reporting standards.
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Course Calendar
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Week 01
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1
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Module 01: IASB Conceptual Framework for Financial Reporting (Topic # 01 to 17)
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Week 02
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2
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Module 02: Presentation of Financial Statements (Topic # 18 to 61)
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Week 03
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3
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Module 03: Statement of Cash Flow (Topic # 62 to 79)
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Week 04
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4
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Module 04: Accounting for Current and Non-Current Liabilities (Topic # 80 to 95)
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Week 05
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5
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Module 05: Accounting for Current Assets (Topic # 96 to 105)
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Week 06
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6
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Module 06: Accounting for Current Assets (Topic # 106 to 113)
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Week 07
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7
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Module 07: Short Term Investment (Topic # 114 to 116)
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Week 08
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8
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Module 08: Accounting for Fixed Assets (Topic # 117 to 126)
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Week 09
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9
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Module 09: Accounting for Non-Current Assets (Topic # 127 to 139)
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Week 10
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10
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Module 10: Investment Property (Topic # 140 to 148)
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Week 11
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11
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Module 11: Accounting for Impairment of Assets (Topic # 149 to 154)
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Week 12
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12
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Module 12: Investment in Non-Current Financial Assets (Topic # 155 to 162)
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Week 13
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13
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Module 13: Revenue from Contracts with Customers (Topic # 163 to 171)
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Week 14
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14
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Module 14: Financial Statement Analysis (Topic # 172 to 182)
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Week 15
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15
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Module 15: Accounting for Incomplete Records (Topic # 183 to 200)
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16
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Module 16: Accounting for Non-Profit Organization (Topic # 201 to 212)
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