The University of Poonch, Rawalakot

ACCT 100-Principles Accounting

of

Financial

Fall Semester 201213

Instructor Bilal Zia Room No. 319 2nd Floor PDC !!ice "ours #B$ %mail &ilal.'ia(lums.edu.)* #ele)+one ,3-. Secretar/0#$ #B$ #$ !!ice "ours #B$ Course 1R2 3i! #B$ an/4 Course Basics Credit "ours 3 2ecture3s4 N&r o! 2ec3s4 Per 5ee* Recitation02a& 3)er 7ee*4 N&r o! 2ec3s4 Per 5ee* #utorial 3)er 7ee*4 N&r o! 2ec3s4 Per 5ee* Course Distri&ution Core %lecti8e Elective )en !or Student Cate9or/ Close !or Student Cate9or/ C 1RS% D%SCRIP#I N

Duratio n Duratio n Duratio n

1 +our 16 mins

Introductio n:
5elcome to t+e 7orld o! accountin9: #+is course 7ill re8ie7 t+e accountin9 )rocess leadin9 to t+e )re)aration and )resentation o! !inancial statements in accordance 7it+ ;enerall/ $cce)ted $ccountin9 Princi)les. $n introduction to t+e !undamentals o! !inancial statement inter)retation 7ill also &e )resented. #+e main em)+asis o! t+is course 7ill &e )laced on t+e &asic !rame7or* o! accountin9 so as to )ro8ide t+e student 7it+ an understandin9 o! t+e !undamental accountin9 )rinci)les and conce)ts. $ +ea8/ reliance 7ill &e )laced on )ro&lem sol8in9 and )ractical anal/ses to ac+ie8e t+e a!orementioned le8el o! understandin9. #+e tools and s*ills /ou learn in t+is course 7ill +el) /ou t+rou9+out /our )ro!essional career and /our li!e. C 1RS% PR%R%<1ISI#%3S4

N N%

C 1RS%

B=%C#I>%S

Course Objective: #+is course 7ill introduce students to t+e *e/ conce)ts o! $ccountin9. Students 7ill learn to )re)are !inancial statements and 7ill also &e e?ui))ed to anal/'e t+em.

The University of Poonch, Rawalakot

2earnin9

utcomes

In t+is course@ m/ aim is to +el) /ou learn t+e !undamental conce)ts o! accountin9@ )re)aration o! !inancial statements and to ena&le /ou to anal/'e !inancial statements.

;radin9A $ssi9nments <ui''es 3announced and unannounced4 Class $ttendance B )artici)ation Cid-term Final %Dam 1 0 0 1 0 ! 0 0 Please note t+at no ?ui' 7ill &e dro))ed. 1nder eDtenuatin9 circumstances@ !or a missed ?ui'@ t+e mean o! t+e class in t+e missed ?ui' or t+e mean o! t+e studentsE ot+er ?ui''es@ 7+ic+e8er is lo7er 7ill &e )osted !or onl/ one missed ?ui'. "tudents #it$ less t$an %0& 'ar(s overall) #ill receive an F grade* +o#ever) t$is #ill not affect grades of ot$er students* T$e re'aining students #ill be a#arded grades t$e, #ould be ot$er#ise entitled to* If ,ou 'iss 'ore t$an seven -%. classes) ,ou #ill auto'aticall, get an F grade in t$e course* I e/pect ,ou to be punctual and be in ,our seat before t$e class starts* 0ate #al(-in #ill be counted as a nonattendance and #ill lo#er ,our attendance grade* %Damination Detail Fes0NoA 1es Com&ine Se)arateA Co'bine DurationA 1 +r 30 mins Pre!erred DateA Cidterm 5ee* %Dam S)eci!icationsA #o &e announced later Fes0NoA 1es Com&ine Se)arateA Co'bine DurationA 2 +ours Pre!erred DateA Final %Dam 5ee* %Dam S)eci!icationsA #o &e announced later

Cidter m %Da m

Final %Dam

The University of Poonch, Rawalakot

2ee(3 0ectur e3 4odul

C$apter "essi on

1 2 3

Introduction to $ccountin9@ Pur)ose o! $ccountin9@ Financial Statements $nal/'in9 and Recordin9 #ransactions $nal/'in9 and Recordin9 #ransactions $dGustin9 $ccounts and Pre)arin9 Statements $dGustin9 $ccounts and Pre)arin9 Statements Com)letin9 t+e $ccountin9 C/cle $ccountin9 !or Cerc+andisin9 $ccountin9 !or Cerc+andisin9 In8entories and Cost o! Sales In8entories and Cost o! Sales Cas+ and Internal Controls $ccountin9 !or Recei8a&les $ccountin9 !or Recei8a&les Plant $ssets@ Natural Resources and Intan9i&les Plant $ssets@ Natural Resources and Intan9i&les 4id-Ter' Current 2ia&ilities 2on9-#erm 2ia&ilities 2on9-#erm 2ia&ilities $ccountin9 !or Cor)orations $ccountin9 !or Cor)orations Statement o! Cas+ Flo7s Statement o! Cas+ Flo7s Statement o! Cas+ Flo7s $nal/sis o! Financial Statements $nal/sis o! Financial Statements $nal/sis o! Financial Statements Re8ie7 )erations )erations Financial Financial

Top ics

Objectives3 Application

in C+a)ter 1 5eco''en

C+a)ter 2 C+a)ter 2 C+a)ter 3 C+a)ter 3 C+a)ter . C+a)ter 6 C+a)ter 6 C+a)ter C+a)ter C+a)ter , C+a)ter 9 C+a)ter 9 C+a)ter 10 C+a)ter 10 C+a)ter 11 C+a)ter 1. C+a)ter 1. C+a)ter 13 C+a)ter 13 C+a)ter 1C+a)ter 1C+a)ter 1C+a)ter 1H C+a)ter 1H C+a)ter 1H

2 3 .

. 6 H , 9 1 0 1 1 1 2 1 3 1 . 1 6 1 1 H 1 , 1 9 2 0 2 1 2 2 2 3 2 . 2 6 2 2 H 2 ,

6 H , 9 1 0 1 1 1 2 1 3 1 .

#eDt&oo*3s40Su))lementar/ Readin9s

5eco''ended 5eadings: #eDt Boo*A Princi)al ! Financial $ccountin9 2arson 5ild and C+ia))etta 16t$ Edition*

The University of Poonch, Rawalakot

E/pectations Fro' 1ou: Pre)are !or eac+ lecture &/ readin9 t+e )rescri&ed material &e!ore-+and For )ractical sessions@ )lease attem)t to com)lete t+e ?uestions &e!ore t+e session $ssi9nments must &e +anded in on time I! /ou are eD)eriencin9 di!!iculties 7it+ t+e courseIs)ea* 7it+ t+e instructor0 teac+in9 assistants. #+ere is a lar9e amount o! material to &e co8ered in t+e course@ so *ee) u) to date 7it+ /our 7or*. It 7ill &e 8er/ di!!icult to catc+ u) later. 2$at 1ou Can E/pect Fro' 7s: 5e are +ere to +el) /ou learn and )ro9ress. 5e 7ill +el) /ou 9ain an understandin9 o! t+e *e/ conce)ts and !acilitate /our learnin9 Four assi9nments@ ?ui''es and midterm eDam 7ill &e mar*ed and discussed 7it+ /ou

#+e instructor@ 8ilal 9ia) and +is teac+in9 assistants 7ill &e a8aila&le to +el) /ou at s)eci!ied times. #eac+in9 assistants 7ill 9enerall/ &e /our !irst )oint o! contact. Fou are re?uired to ma*e an a))ointment &e!ore +and. 5e 7ill &e +a))/ to arran9e s)ecial tutorial sessions &/ re?uest@ i! /ou are +a8in9 di!!icult/ in 9ras)in9 conce)ts or understandin9 certain as)ects o! t+e course. 5e loo* !or7ard to s+arin9 our eD)erience 7it+ /ou to en+ance /our learnin9 and understandin9 o! t+e course.