ACCOUNTING SPECIALIZATION

FINANCIAL REPORTING & Disclosure

CreditHours4

Pre-RequisiteNONESemesterIII

OUTLINES

Financial Statements Accounting Characteristics and Assumptions Transaction Analysis & Accrual Accounting and Adjustments Accrual Accounting and Adjustments (continued) Importance of Internal Control Cash and Short-term investments Revenue Recognition and Accounts Receivable Liabilities Inventory and Cost of goods sold Property, Plant & Equipment and intangibles Long-term Investments Comprehensive Income Statement and Statement of Shareholders Equity The Statement of Cash Flows (indirect method) Financial Analysis Financial Reporting Standards

ADVANCED ACCOUNTING

CreditHours4

Pre-RequisiteNONESemesterIV

OUTLINE The basic structure of accounting The Accounting & Environment Accounting Systems and controls Cash flow statements Measuring financial position and Income flow The Accounting Model-Theory and practice-valuation in Accounting Management Planning and Control Income Taxes Deferred Tax Business Combination and Consolidation Provisions and Contingencies Final Accounts and Annual Reports of Banks, Insurance, Leasing Companies, International Accounting Standards as adopted in Pakistan

BOOKS RECOMMENDED1. MEIGS, MOSICH & Meigs. Financial Accounting. McGraw Hill.2. Meigs and Johns 2nd Edition. Accounting, McGraw-Hill.3. Wallis. Accounting A Modern Approach. McGraw-Hill.4. Kaluza. Accounting A Systems Approach. McGraw-Hill.5. Johns. Advanced Accounting, McGraw-Hill.6. Nisaruddin. Advanced Accounting. Lahore7. M.A. Ghani, Advanced Accounting8. Shaums outline for intermediate accounting vol 1 & 2