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Faculty:
Credit hours:
Course level:
Graduation/Undergrade
Campus/Location/Instruction
Mode:
Course Instructor:
Suleman Kamwani
Consultation hours:
Pre-requisite:
Nill
Timing
This document was last updated:
10 March 2013
The aim is to provide the students with detailed knowledge of the principles and concepts of
accounting and their application to accounting systems, and develop their ability to prepare
financial statements.
COURSE OBJECTIVES
Rectification of errors.
LEARNING OUTCOMES
At the end of this course, students would be expected to understand the accounting system and
financial statements of sole proprietors.
Expected cognitive outcomes include the development and demonstration of a high level of skills
in:
Written communication
Problem solving
information literacy
CONTENTS
SESSIONS
TOPICS
The Accounting Scene and Frame work of
Financial Statements:
(Introduction to financial accounting,
Accounting concepts and terms)
The Accounting System:
(Accounting Cycle. Journals, Ledgers and trial
balance)
READINGS
CH # 1,2,4
CH # 6,11,17
CH # 26
CH # 7-9,25,28
CH # 13-15
MID TERM
1
Controlling the Bookkeeping System:
(Control Accounts and subsidiary ledgers)
CH # 30-33
(Accounting
Policies)
Conventions
and
Accounting
CH # 10
CH # 45
CH # 47
(Ratio analysis of financial statements)
Please note: This is a proposed schedule only and may be varied at the discretion of the
Course Convenor to give a greater or lesser degree of emphasis to particular topics.
Prescribed Text:
Reference Texts:
THE CIMA OFFICIAL LEARNING SYSTEM (Fundamentals of Financial Accounting)
Published Financial Statements of Listed Companies in Pakistan
Recommended Journals
Management Accountant, a journal of ICMAP. See, www.icmap.com.pk
Pakistan Accountant, a journal of ICAP. See, www.icap.org.pk
Association of Chartered Certified Accountants ACCA. www.accaglobal.co.uk
ASSESSMENT
Item
Assessment Task
Length
Weighting
1.
Quizzes (4)
15 to 30 mins.
10%
2.
Assignments-4
10%
Project
15%
4.
2 hour
25%
5.
Final Examination
3 hours
40%
Grade
A+
A
AB+
B
BC+
56% to 60%
51% to 55%
47% to 50%
45% to 45%
Below than 45%
C
CD+
D
F