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    Hailey College of Banking &finance: University of The Punjab, Lahore

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    Shahzad Qasim
    This document outlines a course on Corporate Financial Reporting. The course is a 2nd semester core course for an MBA program. It aims to develop an understanding of financial reporting requirements and standards, preparing and presenting financial statements, and disclosure requirements. The course will cover topics like IAS 1 on financial statement presentation, IAS 2 on inventories, IAS 7 on statements of cash flows, and preparing financial statements of corporations in accordance with relevant standards and provisions. Evaluation will include assignments, quizzes, midterm and final exams.

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    Hailey College of Banking &finance: University of The Punjab, Lahore

    Uploaded by

    Shahzad Qasim
    42 views3 pages
    This document outlines a course on Corporate Financial Reporting. The course is a 2nd semester core course for an MBA program. It aims to develop an understanding of financial reporting requirements and standards, preparing and presenting financial statements, and disclosure requirements. The course will cover topics like IAS 1 on financial statement presentation, IAS 2 on inventories, IAS 7 on statements of cash flows, and preparing financial statements of corporations in accordance with relevant standards and provisions. Evaluation will include assignments, quizzes, midterm and final exams.

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    This document outlines a course on Corporate Financial Reporting. The course is a 2nd semester core course for an MBA program. It aims to develop an understanding of financial reporting requirements and standards, preparing and presenting financial statements, and disclosure requirements. The course will cover topics like IAS 1 on financial statement presentation, IAS 2 on inventories, IAS 7 on statements of cash flows, and preparing financial statements of corporations in accordance with relevant standards and provisions. Evaluation will include assignments, quizzes, midterm and final exams.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    42 views3 pages

    Hailey College of Banking &finance: University of The Punjab, Lahore

    Uploaded by

    Shahzad Qasim
    This document outlines a course on Corporate Financial Reporting. The course is a 2nd semester core course for an MBA program. It aims to develop an understanding of financial reporting requirements and standards, preparing and presenting financial statements, and disclosure requirements. The course will cover topics like IAS 1 on financial statement presentation, IAS 2 on inventories, IAS 7 on statements of cash flows, and preparing financial statements of corporations in accordance with relevant standards and provisions. Evaluation will include assignments, quizzes, midterm and final exams.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    of 3

    HAILEY COLLEGE OF BANKING &FINANCE

    University of the Punjab, Lahore


    COURSE OUTLINE
    Program MBA (2 Years) Course Mr. Ammar Ud Din (Assistant Prof.)
    Instructor M.Com; MPhil(Accounting & Finance)
    Courtesy : Professor Iftikhar SAHAB
    Year / Semester 2nd Semester(2019-2021) Email [email protected]
    Code
    Title Corporate Financial Reporting
    Rating 03 Credit Hours
    Type Core Course
    Pre-requisites Financial Accounting/Accounting 1
    Introduction Financial Reports form the backbone for financial planning, analysis,
    benchmarking and decision making. Corporate Financial Reporting &
    Analysis combines comprehensive coverage and a rigorous approach to modern
    financial reporting with a readable and accessible style. Financial Reporting
    involves preparation of Financial statements according to applicable local &
    international standards and making disclosure of financial information to the
    various stakeholders about the financial performance and financial position of the
    organization over a specified period of time.

    Objectives a. To develop understanding with Financial Reporting Requirements


    b. To learn Application of Standards
    c. Developing an understanding towards preparation and presentation of
    Financial Statements
    d. Understanding the Disclosure Requirements
    e. Understanding Provisions of Companies Ordinance

    Outcome 1. Understanding the basics of the application of accounting standards


    2. Ability to prepare supporting schedules
    3. Ability to prepare and understand financial information
    4. Ability to comprehend financial reporting procedures
    5. Ability to prepare additional reporting requirements like sustainability
    reporting

    Recommended 1. Principles of Financial Accounting 17th Edition


    Books / By: Larson Wild and Chiappetta
    References 2. Introduction to Financial Accounting, 9th Edition
    By: Charles T. Horngren, Sundem, Elliott and Philbrick

    Websites  https://www.iasplus.com/en/standards/ias/ias2
     https://www.ifrs.org/issued-standards/list-of-standards/
     https://www.pwc.com/gx/en/audit-services/ifrs/publications/ifrs-19/pwc-
    ifrs--overview-2019.pdf

    Syllabus (Weekly Scheme)


    Topic Chapter/
    Week
    Additional
    Material
    1st Recapitulation of Financial Accounting Concepts:  Handouts
     Purpose of Financial Statements
     Two Underlying Assumptions of Financial Statements
     Qualitative Assumptions of Financial Statements
     Recognition versus Measurement
     Recognition versus Disclosure
    Financial Reporting framework:
     GAAPS vs IAS
     IAS vs IFRS
     Provisions of Companies Ordinance
    2nd IAS 1: Presentation of Financial Statements  Annual
     Overview, Objectives and Definitions Report FFC
     Fair Presentation, Going Concern, Accrual Basis  Relevant
     Materiality and Aggregation Examples
     Offsetting, frequency of reporting and comparative Information
     Consistency
     Concept of Comprehensive Income
     5 Elements of Financial Statements governed by IFRS
    Practical Demonstration from Annual Report FFC
    3 rd
    IAS 2: Inventories  Handouts
     Overview, Scope and Objective  Case Study
    &  Classification of Inventories  Annual
     Concept of Cost, Net Realizable Value Reports review
    4th  Inventory Costing Methods FFC, PPL, Bata,
     Measurement of Inventories Nestle Pak
     Disclosure Requirements w.r.t IAS-2
     Quiz # 1
    5th IAS 7: Statement of Cash Flows  Selected
     Overview, Scope and Objective Questions
    &  Concept of Cash and Cash Equivalents
     Classification of Cash Flows
    6th  Methods: Direct vs Indirect Method Assignment 1
     Preparation of Cash Flow Statement using Indirect Method
    7th IAS 16: Plant, Property and Equipment  Handout
     Definitions  Reconciliation
    &  Recognition of Plant, Property and Equipment Schedule of
     Initial Measurement: Components of cost of an asset Fixed Assets
    8th  Subsequent Expenditure – Benchmark Treatment from Annual
     Revaluations
    Report
     Depreciation Methods
     Review of Useful Life
    Assignment 2
     Disposal of Asset
     Disclosure Requirements
    MID TERM EXAM
    9th IAS 18: Revenue  Handouts
     Definition
     Revenue Measurement
     Revenue Recognition
     Sales of Goods
     Services Revenue
     Interest, royalties and dividends
     Disclosure Requirements
    10th IAS 33: Earnings Per Share  Handouts
     Definitions and Scope
     Equity Share vs Potential Equity Shares
     Weighted Average No. of Shares
     Dilution vs Antidilution
     Basic vs Diluted EPS  Quiz # 2
     Retrospective Adjustments
    11th IAS 16: Leases  Handouts
     Definition and scope
     Types of leases
     Lease components vs Lease term
     Measurement
     Lease accounting
     Disclosure Requirements
    12th Preparing Financial Statements of Corporations Comprehensive
     Preparation and Presentation of Financial Statements Assignment 3
     Relevant Provisions of Companies Ordinance 1984 Preparing Financial
     Income Statement Statements along
     Balance Sheet with Notes and
     Statement of changes in owner’s equity Disclosure
     Retained Earnings
     Dividends
     Provisions and Allowances
     Preparing Income Statement & Balance Sheet of Corporations.
    13th Financial statement of Banking institutions-SBP  Handout
    Suggested format
     Financial Reporting of Banking Institutions
     Financial Statements Review of Commercial Banks (HBL,
    MCB, Meezan Bank)
    14th Additional Reporting Requirements Review from
     Statement of Compliance with the best practices of Corporate Annual Report of
    Governance MNCs in Pakistan
     Sustainability Reporting (Safety, Health and Environment)
     Corporate Social Responsibility
     Chairman’s Review
    15th
    & Group Presentations on Selected Topics
    16th

    Final Term Exam

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