Week

Chapter

Major Content

Weekly class Assignment

Recommended Books

1

Introduction to Financial Accounting (Basic Concept Revision)

Introduction to Financial Accounting, GAAP, Introduction of IFRS, Assets, Liabilities, Income and expense concept revision, Financial Statements According to IAS 1.

Reading and understanding IFRS and its importance in Financial Accounting

1- Financial Accounting by Sohail Afzal.

2- Financial Accounting by Meigs and Meigs.

2-3

Introduction to Cash Book

Concept of Cash Book

Single Colum Cash Book

Double Colum Cash Book

Triple Colum Cash Book

Relevant Illustrations and Exercise Questions

Exercise Questions relevant to Cash Book.

1- Financial Accounting by Sohail Afzal.

2- Financial Accounting by Meigs and Meigs.

4-5

Bank Reconciliation Statement

Concept of Cash and Pass Book,

Theoretical Understanding,

The difference between Cash and Passbooks,

Treatment of different entries in Cash and passbook,

Practice Questions

Exercise Questions relevant to Bank Reconciliation statement

1- Financial Accounting by Sohail Afzal.

2- Financial Accounting by Meigs and Meigs.

6

Depreciation, Reserve, and Provision

Concept of Depreciation,

IAS 16 Property Plant and equipment introduction and key terms, Amortization, Deprecation techniques, Fixed Method, Diminishing Method, Sum of the year digit method and Annuity Method

Exercise Questions relevant to Bank Reconciliation statement

1- Financial Accounting by Sohail Afzal.

2- Financial Accounting by Meigs and Meigs.

Mid-Term

Above All chapters are Included in Mid-term Exams

Paper Pattern:

1- Three Questions
(one question from each 7*3=21, Viva 9 marks.

All the concepts discussed in class are part of the exam.

1- Financial Accounting by Sohail Afzal.

2- Financial Accounting by Meigs and Meigs.