Centre of Financial Excellence Standard Lecture Plan FINANCIAL ACCOUNTING - TT6 (F3)

T/No Ch #

Details Introduction Introduction to Accounting The purpose of financial reporting, Types of business entities, Nature, principles and scope of financial reporting Users' and stakeholders' needs, The main elements of financial reports (assets, liabilities, capital, income and expense) Ledger accounts and double entry The accounting equation Double entry bookkeeping, The journal Practice - 1 Long Question Daybook analysis, Imprest system Why do we need ledger accounts?, The nominal ledger Practice - 1 Long Question Receivables and Payables Ledger MCQs Practice MCQs Practice From trial balance to financial statements The trial balance, Practice - 1 Long Question Income Statement Statement of Financial Position Balancing accounts and preparing financial statements, Practice - 1 Long Question MCQs Practice Sources, Records and Books of Prime Entry The role of source documents The need for books of prime entry, Sales and purchase day books Cash book Petty cash MCQs Practice Sales Tax The nature of sales tax and how it is collected Accounting for Sales Tax (Input Tax) Accounting for Sales Tax (Output Tax) MCQs Practice 1/19

Chapterwise % Ind.%

1 2

A Course Completion %age c Acc. % No. of Lec. Acc.% c Ind. 1 1.00 1 2.00 2 Lecture wise% 4 1 1 9 1 1 1 1 1 1 1 1 1 5 1 1 1 1 1 5 1 1 1 1 1 4 1 1 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 1.00 1.00 8.00 0.89 0.89 0.89 0.89 0.89 0.89 0.89 0.89 0.89 4.00 0.80 0.80 0.80 0.80 0.80 4.00 0.80 0.80 0.80 0.80 0.80 3.00 0.75 0.75 0.75 0.75

13

17

21

Centre of Financial Excellence Standard Lecture Plan FINANCIAL ACCOUNTING - TT6 (F3)
T/No Ch #

Details Inventory Cost of goods sold Accounting for opening and closing inventories, Counting inventories Valuing inventories (LIFO), Practice - 1 Long Question. Valuing inventories (AVCO), Practice - 1 Long Question IAS 2 Inventories MCQs Practice Tangible Non-current Assets Capital and revenue expenditure MCQs Practice Depreciation accounting Depreciation: the mechanics (Straight Line Method), Practice - Short Questions

Chapterwise % Ind.%

Lecture wise%

Acc. % No. of Lec. Acc.% 6 1 27 1 28 4 25 1 29 1 30 1 31 1 32 13 1 33 1 34 1 35 1 36 1 4 29 1 1 1 1 1 1 1 1 1 4 33 1 7 1 1 1 1 1 1 1 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53

A Course Completion %age c c Ind. 5.00 0.83 0.83 0.83 0.83 0.83 0.83 11.00 0.85 0.85 0.85 0.85 0.85 0.85 0.85 0.85 0.85 0.85 0.85 0.85 0.85 1.00 1.00 6.00 0.86 0.86 0.86 0.86 0.86 0.86 0.86

10

Depreciation: the mechanics (Reducing Balance Method), Practice - Short Questions Other concepts (acquisition in middle of year, change in methods, fall in asset value), Practice - Short Questions MCQs Practice Revaluation of non-current assets, Practice - Short Questions Non-current asset disposals (simple), Practice - Short Questions Non-current asset disposals (part-exchange), Practice - Short Questions IAS 16 The asset register, MCQs Practice MCQs Practice 10 Intangible non-current assets Intangible non-current assets (IAS 38), Research and development costs, MCQs Practice 11 Accruals and Prepayments Concept of accruals and prepayments Calculation of expense (T-account) Timeline (4 step approach) Basic practice Basic practice Calculation of income MCQs Practice 2/19

38

Centre of Financial Excellence Standard Lecture Plan FINANCIAL ACCOUNTING - TT6 (F3)
T/No Ch #

Details

Chapterwise % Ind.%

11

12 Irrecoverable Debts and Allowances Irrecoverable debts (Introduction, Double Entry and Debt subsequently paid) Allowances for receivables 4 Accounting for irrecoverable debts & receiavables allowance (income statement) Accounting for irrecoverable debts & receiavables allowance (net debtors) MCQs Practice Provisions and Contingencies Provisions and Contingents (IAS 37) MCQs Practice Control Accounts What are control accounts?, Discounts, The purpose of control accounts The operation of control accounts (Debtors) The operation of control accounts (Creditors) MCQs Practice Bank reconciliations Bank statement and cash book (Formats) The bank reconciliation, Worked Examples - Cash Book to Bank Statement Worked Examples - Bank Statement to Cash Book MCQs Practice MCQs Practice Correction of Errors Types of error in accounting (Non-affecting) The correction of errors (Non-affecting), 2 Long Questions Practice MCQs Practice Types of error in accounting (Affecting) The correction of errors (Affecting), 2 Long Questions Practice MCQs Practice MCQs Practice IAS 8 Preparation of financial statements for sole traders 1 Long Question Practice 1 Long Question Practice MCQs Practice 3/19

12

13

13

14

14

15

15

16

16

17

A Course Completion %age c Acc. % No. of Lec. Acc.% c Ind. 4.00 5 0.80 1 54 0.80 1 55 42 56 1 0.80 0.80 1 57 0.80 1 58 2.00 2 46 1.00 1 59 1.00 1 60 3.00 4 0.75 1 61 50 0.75 1 62 0.75 1 63 0.75 1 64 4.00 5 0.80 1 65 0.80 1 66 54 0.80 1 67 0.80 1 68 0.80 1 69 7.00 8 0.88 1 70 0.88 1 71 0.88 1 72 58 0.88 1 73 0.88 1 74 0.88 1 75 0.88 1 76 0.88 1 77 3.00 3 1.00 1 78 63 1.00 1 79 1.00 1 80 Lecture wise%

Centre of Financial Excellence Standard Lecture Plan FINANCIAL ACCOUNTING - TT6 (F3)
T/No Ch #

Details

Chapterwise % Ind.%

17

18

18 Incomplete Records Incomplete record questions (types), The opening position, Credit sales and trade account receivables Purchases and trade account payables, Establishing cost of sales, Stolen goods or goods destroyed The cash book Accruals and prepayments, Drawings, The business equation Long Question Practice Long Question Practice MCQs Practice MCQs Practice 19 Partnerships Characteristics of Partnerships Preparating partnership accounts I (appropriation, capital and current accounts) Preparating partnership accounts II (long question) Preparating partnership accounts III (changes in partnership and goodwill) MCQs Practice 20 Introduction to company accounting Limited liability and accounting records (Introduction) Share Capital Reserves Bonus and rights issues Ledger accounts and limited liability companies, MCQs Practice 21 Preparation of financial statements for companies IAS 1 (format and theory) Items in the income statement and statement of comprehensive income, Items in the statement of financial position, Long Question Practice Published accounts, Long Question Practice Company accounts for internal purposes, Long Question Practice MCQs Practice IAS 18: Revenue, Practice - Short Questions 22 Events after reporting period IAS 10 with MCQ Practice 4/19

A Course Completion %age c Acc. % No. of Lec. Acc.% c Ind. 7.00 8 Lecture wise% 1 1 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 4.00 0.80 0.80 0.80 0.80 0.80 4.00 0.80 0.80 0.80 0.80 0.80 5.00 0.83 0.83 0.83 0.83 0.83 0.83 1.00 1.00

67

1 1 1 1 1 1 5 1 1 1 1 1 5 1 1 1 1 1 6 1 1

71

19

75

20

79

21

83

1 1 1 1 1 1

Centre of Financial Excellence Standard Lecture Plan FINANCIAL ACCOUNTING - TT6 (F3)
T/No Ch #

Details

Chapterwise % Ind.%

Lecture wise%

22

23

24

25

26

23 Statement of cash flows IAS 7 Statement of Cash flows (format) Preparing a statement of cash flows, Long Question Practice Long Question Practice MCQs Practice 2 The regulatory framework The regulatory system International Accounting Standards Board (IASB), Overview of IAS and IFRS 3 Accounting Conventions IAS 1 (including accounting concepts) IASB's Framework Criticisms of accounting conventions, Bases of Valuation, IAS 8 MCQs Practice 24 Information Technology Accounting Packages Accounting Modules, Databases, Practical Experience MCQs Practice Revisions and Tests Total no of Lectures

Acc. % No. of Lec. Acc.% 4 1 106 88 1 107 1 108 1 109 2 92 1 110 1 111 4 1 112 96 1 113 1 114 1 115 3 1 116 100 1 117 1 118 10 128 127

A Course Completion %age c c Ind. 3.00 0.75 0.75 0.75 0.75 2.00 1.00 1.00 3.00 0.75 0.75 0.75 0.75 3.00 1.00 1.00 1.00

5/19

pletion %age Acc.% 1 3 2 3 11 4 5 6 7 7 8 9 10 11 15 12 13 13 14 15 19 16 17 17 18 19 22 20 21 21 22

6/19

pletion %age Acc.% 27 23 24 25 25 26 27 38 28 29 30 30 31 32 33 34 35 35 36 37 38 39 39 45 40 41 42 42 43 44 45

7/19

pletion %age Acc.% 49 46 47 47 48 49 51 50 51 54 52 53 53 54 58 55 56 56 57 58 65 59 60 61 62 62 63 64 65 68 66 67 68

8/19

pletion %age Acc.% 75 69 70 71 72 72 73 74 75 79 76 77 77 78 79 83 80 81 81 82 83 88 84 85 85 86 87 88 89 89

9/19

pletion %age Acc.% 92 90 90 91 92 94 93 94 97 95 95 96 97 100 98 99 100

10/19

Centre of Financial Excellence Standard Lecture Plan FINANCIAL ACCOUNTING - TT6 (F3)
T/No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Ch # Topic Details No. of Lectures 1 5 6 4 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 2 3 24 Introduction Introduction to Accounting Ledger accounts and double entry From trial balance to financial statements Sources, Records and Books of Prime Entry Sales Tax Monthly Test 1 Inventory Tangible Non-current Assets Intangible non-current assets Accruals and Prepayments Monthly Test 2 Irrecoverable Debts and Allowances Provisions and Contingencies Control Accounts Bank reconciliations Correction of Errors Monthly Test 3 Preparation of financial statements for sole traders Incomplete Records Partnerships Introduction to company accounting Monthly Test 4 Preparation of financial statements for companies Events after reporting period Statement of cash flows The regulatory framework Accounting Conventions Information Technology Monthly Test 5 Revisions and Tests Total no of Lectures 1 2 9 5 5 4 6 13 1 7 5 2 4 5 8 3 8 5 5 6 1 4 2 4 3 10 128 Practice Question Source Course Completion %age Lecture wise 1.00 2.00 8.00 4.00 4.00 3.00 5.00 11.00 1.00 6.00 4.00 2.00 3.00 4.00 7.00 3.00 7.00 4.00 4.00 5.00 1.00 3.00 2.00 3.00 3.00 Accumulated 1 3 11 15 19 22 27 38 39 45 49 51 54 58 65 68 75 79 83 88 89 92 94 97 100

11/19

Centre of Financial Excellence Standard Lecture Plan FINANCIAL ACCOUNTING - TT6 (F3)
T/No 1 2 Ch # Topic Details No. of Accumulated Lectures 1 2 1 1 9 1 1 1 1 1 1 1 1 1 5 1 1 1 1 1 4 1 1 1 1 3 1 1 1 1 4 1 1 1 1 11 1 1 1 1 1 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 Practice Question Source

23

Course Completion %age Lecture wise 1 Acculumated 1

Chapter wise

Introduction Introduction to Accounting The purpose of financial reporting, Types of business entities, Nature, principles and scope of financial reporting Users' and stakeholders' needs, The main elements of financial reports (assets, liabilities, capital, income and expense) Ledger accounts and double entry The accounting equation Double entry bookkeeping, The journal Practice - 1 Long Question Daybook analysis, Imprest system Why do we need ledger accounts?, The nominal ledger Practice - 1 Long Question Receivables and Payables Ledger MCQs Practice MCQs Practice From trial balance to financial statements The trial balance, Practice - 1 Long Question Income Statement Statement of Financial Position Balancing accounts and preparing financial statements, Practice - 1 Long Question MCQs Practice Sources, Records and Books of Prime Entry The role of source documents The need for books of prime entry, Sales and purchase day books Cash book, Petty cash MCQs Practice Sales Tax The nature of sales tax and how it is collected Accounting for Sales Tax (Input Tax and Output Tax) MCQs Practice Monthly Test 1 Inventory Cost of goods sold, Accounting for opening and closing inventories, Counting inventories Valuing inventories (FIFO & AVCO), Practice - 2 Long Question. IAS 2 Inventories, MCQ Practice MCQs Practice Tangible Non-current Assets Capital and revenue expenditure MCQs Practice Depreciation accounting, Depreciation: the mechanics (SLM & RBM), Practice - Short Questions Other concepts (acquisition in middle of year, change in methods, fall in asset value), Practice - Short Questions MCQs Practice Revaluation of non-current assets, Practice - Short Questions 12/19

1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1

2 2 3 4 5 6 6 7 8 9 10 10 11 12 13 13 14 15 16 17 17 18 19 20

13

17

22

1 1 1 1 1 1 1 1 1 1

21 21 22 23 24 25 25 26 27 28

26

30

Centre of Financial Excellence Standard Lecture Plan FINANCIAL ACCOUNTING - TT6 (F3)
T/No Ch # Topic Details No. of Accumulated Lectures 1 1 1 1 1 1 1 6 1 1 1 1 1 1 1 4 1 1 1 1 1 1 4 1 1 1 1 5 1 1 1 1 1 7 1 1 1 1 1 1 1 1 3 1 1 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 Practice Question Source Non-current asset disposals (simple), Practice - Short Questions Non-current asset disposals (part-exchange), Practice - Short Questions IAS 16, The asset register MCQs Practice MCQs Practice Intangible non-current assets Intangible non-current assets (IAS 38), Research and development costs, MCQs Practice Accruals and Prepayments Concept of accruals and prepayments Calculation of expense (T-account) Timeline (4 step approach) Basic practice Calculation of income MCQs Practice Monthly Test 2 Irrecoverable Debts and Allowances Irrecoverable debts (Introduction, Double Entry and Debt subsequently paid), Allowances for receivables Accounting for irrecoverable debts & receiavables allowance (income statement and net debtors) MCQs Practice MCQs Practice Provisions and Contingencies Provisions and Contingents (IAS 37), MCQs Practice Control Accounts What are control accounts?, Discounts, The purpose of control accounts The operation of control accounts (Debtors) The operation of control accounts (Creditors) MCQs Practice Bank reconciliations Bank statement and cash book (Formats) The bank reconciliation, Worked Examples - Cash Book to Bank Statement Worked Examples - Bank Statement to Cash Book MCQs Practice MCQs Practice Correction of Errors Types of error in accounting (Non-affecting) The correction of errors (Non-affecting), 2 Long Questions Practice MCQs Practice Types of error in accounting (Affecting) The correction of errors (Affecting), 2 Long Questions Practice MCQs Practice IAS 8 Monthly Test 3 Preparation of financial statements for sole traders 1 Long Question Practice 13/19 1 Long Question Practice

23

Course Completion %age Lecture wise 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Acculumated 29 29 30 31 32 33

30 Chapter wise

10

35 33 33 34 35 36 37 37 38

10

11

39

11

12

1 1 1 1 1 1 3 1 1 1 1 4 1 1 1 1 1 6 1 1 1 1 1 1 1 1 1 1

39 43 40 40 41 42 42 43 44 44 45 46 47 48 48 49 50 51 52 52 53 54 55 56 56 57

12 13

13 14

48

52

14

15

57

15

16

61

16

17

65

Centre of Financial Excellence Standard Lecture Plan FINANCIAL ACCOUNTING - TT6 (F3)
T/No Ch # Topic Details No. of Accumulated Lectures 1 6 1 1 1 1 1 1 5 1 1 1 1 1 5 1 1 1 1 1 1 5 1 1 1 1 1 1 1 4 1 1 1 1 11 1 1 1 1 1 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 Practice Question Source MCQs Practice Incomplete Records Incomplete record questions (types), The opening position, Credit sales and trade account receivables Purchases and trade account payables, Establishing cost of sales, Stolen goods or goods destroyed The cash book Accruals and prepayments, Drawings, The business equation MCQs Practice MCQs Practice Partnerships Characteristics of Partnerships Preparating partnership accounts I (appropriation, capital and current accounts) Preparating partnership accounts II (long question) Preparating partnership accounts III (changes in partnership and goodwill) MCQs Practice Introduction to company accounting Limited liability and accounting records (Introduction) Share Capital Reserves Bonus and rights issues Ledger accounts and limited liability companies, MCQs Practice Monthly Test 4 Preparation of financial statements for companies IAS 1 (format and theory) Items in the income statement and statement of comprehensive income, Items in the statement of financial position, Long Question Practice Published accounts, Long Question Practice MCQs Practice IAS 18: Revenue, Practice - Short Questions Events after reporting period IAS 10 with MCQ Practice Statement of cash flows IAS 7 Statement of Cash flows (format) Preparing a statement of cash flows, Long Question Practice Long Question Practice MCQs Practice Consolidated Financial Statements - Subsidiaries Definition of terms, Identification of subsidiaries within a group structure Preparation of Consolidated SFP (Fair Value Adjustments, Fair Value of Consideration Transferred, Elimination of inter-company balances) Removal of unrealized profit Acquisition of subsidiaries part way through the year Calculation of Goodwill (Full Goodwill Method Only) Long Question Practice

23

Course Completion %age Lecture wise 1 Acculumated 58

Chapter wise 65

17

18

1 1 1 1 1 1 1 1 1 1 1 4 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1

59 60 60 61 62 63 63 64 65 66 67 67 68 69 70 71 71 72 73 74 75 75 76 77 78 79 79 80 81 82 83 83 84 85 83 74 70

18

19

19

20

78

20

21

21 22

22 23

87

23

14/19

91

Centre of Financial Excellence Standard Lecture Plan FINANCIAL ACCOUNTING - TT6 (F3)
T/No Ch # Topic Details No. of Accumulated Lectures 1 1 1 1 1 3 1 1 1 5 1 1 1 1 1 2 1 1 3 1 1 1 1 5 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 Practice Question Source Long Question Practice Preparation of Consolidated SoCI Long Question Practice MCQs Practice MCQs Practice Consolidated Financial Statements - Associates Definitions and significant influence explaination Key features of parent-associate relationship, Principles of equity accounting MCQs Practice Interpretation of Financial Statements How interpretation is used, Purpose of interpretation of ratios Calculation and interrelation of accounting ratios (Profitability, Liquidity) Calculation and interrelation of accounting ratios (Efficiency, Position) Analysis of Financial Statements MCQs Practice The regulatory framework The regulatory system International Accounting Standards Board (IASB), Overview of IAS and IFRS Accounting Conventions IAS 1 (including accounting concepts), IASB's Framework Criticisms of accounting conventions, Bases of Valuation, IAS 8 MCQs Practice Monthly Test 5 Revisions and Tests Total no of Lectures

23

Course Completion %age Lecture wise 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Acculumated 86 87 87 88 89 90 90 91 92 93 94 94 95 96 97 98 98 99 100

Chapter wise 91

23

96

24

100

26

126

15/19

Centre of Financial Excellence Standard Lecture Plan FINANCIAL ACCOUNTING - TT6 (F3)
T/N Ch Topic o # 1 2 Details

Introduction 1 Introduction to Accounting The purpose of financial reporting, Types of business entities, Nature, principles and scope of financial reporting Users' and stakeholders' needs, The main elements of financial reports (assets, liabilities, capital, income and expense) 5 Ledger accounts and double entry The accounting equation Double entry bookkeeping, The journal Practice - 1 Long Question Daybook analysis, Imprest system Why do we need ledger accounts?, The nominal ledger Practice - 1 Long Question Receivables and Payables Ledger MCQs Practice MCQs Practice 6 From trial balance to financial statements The trial balance, Practice - 1 Long Question Income Statement Statement of Financial Position Balancing accounts and preparing financial statements, Practice - 1 Long Question MCQs Practice 4 Sources, Records and Books of Prime Entry The role of source documents The need for books of prime entry, Sales and purchase day books Cash book, Petty cash MCQs Practice 7 Sales Tax The nature of sales tax and how it is collected Accounting for Sales Tax (Input Tax and Output Tax) MCQs Practice Monthly Test 1 8 Inventory Cost of goods sold, Accounting for opening and closing inventories, Counting inventories Valuing inventories (FIFO & AVCO), Practice - 2 Long Question. IAS 2 Inventories, MCQ Practice MCQs Practice 9 Tangible Non-current Assets Capital and revenue expenditure MCQs Practice Depreciation accounting, Depreciation: the mechanics (SLM & RBM), Practice - Short Questions

16/19

Centre of Financial Excellence Standard Lecture Plan FINANCIAL ACCOUNTING - TT6 (F3)
T/N Ch Topic o # Details Other concepts (acquisition in middle of year, change in methods, fall in asset value), Practice - Short Questions MCQs Practice Revaluation of non-current assets, Practice - Short Questions Non-current asset disposals (simple), Practice - Short Questions Non-current asset disposals (part-exchange), Practice - Short Questions IAS 16, The asset register MCQs Practice MCQs Practice 10 Intangible non-current assets Intangible non-current assets (IAS 38), Research and development costs, MCQs Practice 11 Accruals and Prepayments Concept of accruals and prepayments Calculation of expense (T-account) Timeline (4 step approach) Basic practice Calculation of income MCQs Practice Monthly Test 2 12 Irrecoverable Debts and Allowances Irrecoverable debts (Introduction, Double Entry and Debt subsequently paid), Allowances for receivables Accounting for irrecoverable debts & receiavables allowance (income statement and net debtors) MCQs Practice MCQs Practice 13 Provisions and Contingencies Provisions and Contingents (IAS 37), MCQs Practice 14 Control Accounts What are control accounts?, Discounts, The purpose of control accounts The operation of control accounts (Debtors) The operation of control accounts (Creditors) MCQs Practice 15 Bank reconciliations Bank statement and cash book (Formats) The bank reconciliation, Worked Examples - Cash Book to Bank Statement Worked Examples - Bank Statement to Cash Book MCQs Practice MCQs Practice 16 Correction of Errors Types of error in accounting (Non-affecting) The correction of errors (Non-affecting), 2 Long Questions Practice MCQs Practice Types of error in accounting (Affecting)
17/19

10

11

12 13

14

15

Centre of Financial Excellence Standard Lecture Plan FINANCIAL ACCOUNTING - TT6 (F3)
T/N Ch Topic o # Details The correction of errors (Affecting), 2 Long Questions Practice MCQs Practice IAS 8 Monthly Test 3 Preparation of financial statements for sole traders 1 Long Question Practice 1 Long Question Practice MCQs Practice Incomplete Records Incomplete record questions (types), The opening position, Credit sales and trade account receivables Purchases and trade account payables, Establishing cost of sales, Stolen goods or goods destroyed The cash book Accruals and prepayments, Drawings, The business equation MCQs Practice MCQs Practice Partnerships Characteristics of Partnerships Preparating partnership accounts I (appropriation, capital and current accounts) Preparating partnership accounts II (long question) Preparating partnership accounts III (changes in partnership and goodwill) MCQs Practice Introduction to company accounting Limited liability and accounting records (Introduction) Share Capital Reserves Bonus and rights issues Ledger accounts and limited liability companies, MCQs Practice Monthly Test 4 Preparation of financial statements for companies IAS 1 (format and theory) Items in the income statement and statement of comprehensive income, Items in the statement of financial position, Long Question Practice Published accounts, Long Question Practice MCQs Practice IAS 18: Revenue, Practice - Short Questions Events after reporting period IAS 10 with MCQ Practice Statement of cash flows IAS 7 Statement of Cash flows (format) Preparing a statement of cash flows, Long Question Practice Long Question Practice MCQs Practice Consolidated Financial Statements - Subsidiaries
18/19

16

17

17

18

18

19

19

20

20

21

21 22

22 23

23

Centre of Financial Excellence Standard Lecture Plan FINANCIAL ACCOUNTING - TT6 (F3)
T/N Ch Topic o # Details Definition of terms, Identification of subsidiaries within a group structure Preparation of Consolidated SFP (Fair Value Adjustments, Fair Value of Consideration Transferred, Elimination of inter-company balances) Removal of unrealized profit Acquisition of subsidiaries part way through the year Calculation of Goodwill (Full Goodwill Method Only) Long Question Practice Long Question Practice Preparation of Consolidated SoCI Long Question Practice MCQs Practice MCQs Practice Consolidated Financial Statements - Associates Definitions and significant influence explaination Key features of parent-associate relationship, Principles of equity accounting MCQs Practice Interpretation of Financial Statements How interpretation is used, Purpose of interpretation of ratios Calculation and interrelation of accounting ratios (Profitability, Liquidity) Calculation and interrelation of accounting ratios (Efficiency, Position) Analysis of Financial Statements MCQs Practice 2 The regulatory framework The regulatory system International Accounting Standards Board (IASB), Overview of IAS and IFRS 3 Accounting Conventions IAS 1 (including accounting concepts), IASB's Framework Criticisms of accounting conventions, Bases of Valuation, IAS 8 MCQs Practice Monthly Test 5 Revisions and Tests
Total no of Lectures

23

24

26

19/19