Lesson Plan

 

S.No.

Topics and Readings

Week

1.

Course Introduction, Preface of International Accounting Standards (IAS), The IASB's framework and objectives of financial statements.

1st

2.

First time adoption of international financial reporting standards income statements and related informations, format of income statement, reporting irregular issues, special reporting issues

2nd

3.

Balance Sheet Issues, classification in the Balance sheet, additional information reported, Techniques of disclosure Cash flow statement, Content and format of statement of cash flow, preparation and usefulness of statement of cash flow, IAS-7 for cash flow statement 

3rd

4.

Stockholders' Equity, Identify the key components of stockholders' equity, accounting for treasury stock, The policies used in distributing dividends, presenting and analyzing stockholders' equity  

4th

5.

Error Analysis, income statement error, balance sheet error, preparation of financial statement with error correction, Changes from or to the equity method

5th

6.

Hire purchase and instalment system, Hire purchase system, Cash sale system, Credit sale system, Installment retailing system, Analysis of instalments. (Cont.)

6th

7.

Hire purchase anad instalment system, Entries in the books of buyer and seller, Practical problems (Cont.)

7th

8.

Hire purchase and instalment system, Practical poblems ( Numerical)

8th

9.

Hire purchase and instalment system, Practical poblems ( Numerical)

9th

10.

Shares and share capital, Classes and kinds od share, authorized capital, issued capital, subscribed capital, called up capital, paid up capital, issues of shares, for cash, for condideration other than cash, terms of issue, accounting entries for cash, shares issued at Par, at Premium and discount, all related entries. ( Cont.)

10th

11.

Shares and share capital Practical problems ( numericals)

11th

12.

Shares and share capital Practical problems ( numericals)

12th

13.

Debentures, Purpose of issuing of debentures, classifications of debentures, security point of view, redemption point of view, record point of view, convertibility point of view, redemption of debentures, purchase debentures in the open market. (Cont.)  

13th 

14.

Debentures, practical problems ( numerical)

14th

15.

Consignment accounts, important terms, commission, del credere  commission, advance against consignment, consignment account, Pro-forma invoice, account sales, Practical numerical.

15th

16.

Class Discussion and Presentation

16th

 

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