Detailed Lesson Plan for Each Lecture

 

  1. Preparation of final accounts under Companies Ordinance 1984
  2.  Balance Sheet and treatment of certain items in preparing company’s Financial Statements
  3. Consolidated Financial Statements, IAS2 . 
  4. Prepare Consolidated Income Statement and Balance Sheet of undertakings.Treatment in Consolidated Financial Statements of Minority interest,
  5. Pre and Post acquisition reserves, goodwill, dividends, bonus shares, intra group transactions, preference shares, debentures and mid year acquisitions.
  6. Business Combinations
  7. Branch Accounting:  Types of Branches, Debtor System, Stock and Debtor system, Sale of goods above and below invoice price, Final account system, whole sale and retail profit at branch.
  8. Joint Venture and consignment:  Features of a Joint Venture, methods of maintaining accounts, abnormal and normal losses: Advances made by consignee
  9. Valuation of unsold stock.
  10. Cost price method and invoice price method
  11.  Accounting for Leases IAS-17
  12. Basic lease accounting issues and procedures:  Accounting for finance lease in the books of lessor and lessee including financial statement disclosures, Accounting for operating lease,
  13.  Bargain purchase option, residual value (guaranteed and un guaranteed), depreciation, initial direct costs.
  14. Accounting for Construction Contracts and IAS-11
  15.  Basic concepts and rules: Contract revenues and costs Profit and loss recognition Percentage completion method- cost to cost method Accounting entries and financial statement disclosures
  16. Work certified and uncertified