@ICMAB FOUNDATION LEVEL (FL) Fundamentals of Financial Accounting (FFA) ‘Total Kerastase veel ‘Course Title ase Financial Accounting & Foundation Fundamentals of Financial 100 Corporate Reporting evel Accounting (FFA) TFACR] Syllabus Structure ‘The syllabus comprises the following main topics with the relative study weightings: Ran ar ting framework 1056 “8 Accounting as an information system 30% © Accounting for assets 20% D~__Accounting for single entities 40% Course Description This course is designed to cater to the needs of a learner with little or no prior accounting knowledge. As such, the course starts with explaining the accounting framework, shading light on the relevant conceptual and regulatory requirements. Focus is then given to elucidate how accounting works as an information system. In explaining the system, the IPO model is used for the logical sequencing of different stages in the accounting cycle. Eventually, the learners of the course will understand the process and concerns in preparing financial statements for single entity considering the nature of the entity's operation. This course also introduces the concept of ethies and different measures used in controlling the accounting systems. Learners of this course will be exposed to various practical exercises for mastery of the basic accounting knowledge & skills and thus, little emphasis is given on the applications of accounting standards unless specifically mentioned. Course Objectives ‘The main objective of this course is to enable learners to complete the accounting cycle at alow level of ambiguity, complexity and uncertainty. This course ensures the conceptual foundation of financial accounting for a learner from a non-accounting background in completing tasks of the input, processing and output stages of the accounting information systems. ‘The course aims to provide the basic accounting concepts and principles that one can apply in preparing financial and related information for a single entity scenario to meet internal needs and external obligations, ‘Successful completion of this course will provide learners confidence, foundation and technical proficiency to clutch knowledge of the Intermediate Financial Accounting module of the FACR pillar. Course Learning Outcomes On successful completion of this course, the aspiting professional accountants shall be able to: 1. understand the conceptual and regulatory framework of finaneial accounting; S ei Bierce Scanned with GamScenner | |°ICMAB apply the double-entry system in recording transaction data to produce accounting information; illustrate different steps in the accounting cycle; rectify accounting records, whenever necessi prepare financial statements for single entity of the business operation; understand accounting treatment for inventories, receivables, fixed and curred sources and intangible assets; and understand the ethical considerations in accounting, performance eva accounting practices. anon: complex seenario considering the nature nt assets, natural luation and harmoni {Upon successful Ja a RU | « Define accountings competion, stud Accounting | Aecounting Statetheecvironmestan | tll beable t _ Sramseork ia) laneliy ‘accountant works; 1. discuss how diffe | GoMarks) | exvironment «Agents in the accounting agents shape | cmironment; accounting | ‘+ Accounting environment | 2. explain the in Banglades contextual needs of | + Branches of ceountng accounting standards & «+ Explain the ned for 3. recognize wm | Concepts financial record importance of back: feameworkof «Users of aco keeping fr diferent | financial | formations users accounting + Qualitative characteristics | 4+ explain diferent | of accountinginformation; | Segments ofthe + Underying assumptions, | conceptual | convention, policies and frameworks | cchangesin accounting | & discuss the | estimates; significance of ties + Kepelementsoffinancial | on sceountings stotements 6. explain various stages + Ethical iscuesin financial | of 28 ecounting accounting ere + Stages ofthe acount As RLU,C | © Role oflegislation on 7. outline the relevant 25% Regulatory published accounting regulatory framework for information; requirements; i financial ‘= Bangladesh accounting | 8. listdifferent sccounting sccounting standards; + Role of accounting 9. describe how } standards preparing standards are financial statements; formulated; 4 Scanned with GamScenner‘Accounting asan information, system (30 Marks) @ICMAB ENDL tee + Approachesin developing | 10: buildarguments on the harmonization of accounting standards; dards | a accountng standards accountng standards | afer —|Ranas | vemdwamens, | manbaeicimtat | 258 Saeeot erect tracing onthe | accounting (ane financial status of the | information busines, ‘fe golden ruleof debit : systems (AIS) ibe os 1a illustrate double | entry systems in | Journal ents entrysstemsin ‘Special journals; hd : 4 Paty cash statement. ene ae recording of frequent transaction. [uate] scratotacamsnt | ve prrmposingar | 20% | rocessing coding system in theintal records to | stage ofan sccounting; the ledger accounts; | i) ‘Types of aeoounts 45. generate a trial including suspense account| balance to prove the © Ledger accounts; accuracy of ledger «Personal and control eating aa 26, ealate aeeounts a ae through general and subsidy ledgers Ais. Adjusting | R,AP,¢ | + Omissions errors and 17 perform necessary 40% accounting periodic adjustments; adjustments records + Aecralsand prepayments; | whenever needed; * Types ofadjsing entries; | 18. compose sn adjusted '* Adjusted trial balance. trial balance, 4. output | U,aP,c Worksheet 15, formulateaworking | 159% and accounts '* Components of a set of paper before formal closing stage financial statements; reports; ofan als + Closing entries, 20, describe the * Post-closing trial balance. ‘components of a set 1 af financial statements; 2x. perform asks of dosing accounts. a. AP.E,C | {Methods ofinventry | 22.perormrecording | gone Accounting, valuation; and valuation of | forcurent _y/besiodic an prpetal assets inventory systems; 23. compose an aging 7 Implications ofinventory | schedule; valuation; 24, determine the value s/Asing sched of receivables, Scanned with GamScenner« Accounting for bad debts; | 25: evaluate cash book + Bankrconciliation records withthe bank riaieeaet statement a Lo R,U,AP |A)rangible and intangible | 26. dentifythenatureof | 40% ‘Necounting assets; non-curtent assets; for non + Capital and revenue tems; | 27- contrast eapital and current assets + Non-crrent asset register, | _revenueitems; preciation and 28, compute depreciation Tavern tue oeest methods Di Dy R,AN,E,C| + Typesofbusinessentities; | 29.identifyiheimpacts | 40% Accounting | Accounting + Accounting for varying ofthe types of forsingle | for diferent types ofbusiness entities; | businesson entities business types «Single and multiplet accountng: Single nd multplestep (aris income statements; ‘30. compose income statement of different formats; 31. analyze the links of Giferent accounts. ‘+ Manufacturing accounts; + Shares and debentures; + Accounts from incomplete records arc | zsritementoffinancisl | 92.composeacomplete | 60% postion; set of financial come statement; statements folowing interpretation ‘Statement of changesin TAS ina non- statements sBiatementofcash ows; | 33: compute base ratios “t.Basic financial ratios. toinfer financial performance, Here, R= Remembering; U = Understanding; AP = Applying; AN = Analyzing; E = Evaluating; C = Creating; D = ‘Decision making; are the seven levels of learning developed based on the Bloom's Taxonomy. Recommended Books and Learning Materials Primary Textbook 1. ICMAB. (2021). ICMAB Learning Manual for Fundamentals of Financial Accounting. Recommended Textbook (Latest Edition) 1. Weygandt, J. J., Kimmel, P. D. & Keiso, D. E. (2020). Accounting principles. (14 ed). Jhon Wiley & Sons, Inc. Reference Books/Other Learning Materials (Latest Edition) 1. Edwards, J. D., Hermanson, R. H., & Maher, M, W. (2011). Accounting principles: A business perspective, financial accounting. (1* global text ed.). Create Space Independent Publishing Platform. Skousen, K. F., Albrecht, W. S., Stice, J. D., & Stice, B. K. (2010). Accounting concepts and applications. (11° ed.). South-Western College Pub. encase Greate Scanned with GamScennerTE] (EE PrOrs | | Por | PrO2 44 | | Po2 7 11,12, 13, 14, 15, 16, 22, 23 PrO3 2 [gf P03 2,3,4,6 6,12, 13, 14, 20, 21 PrO4g - P04 5 17, 18, 25, 28, 31 PrO5 3,5 POS 5,6 19, 20, 21, 22, 26, 30, 31, 32, 33 P06 6 POG 7 22, 23, 24, 25, 26, 27, 28 | P1076, Po? 7 5,10, 33 Here, PrOs = Program Objectives; POs» Pillar Objectives; CLOs = Course Learning Outcomes; TLOs = Topic Learning Outcomes FFA Contents Mapping H Accounting information systems ‘Aa.Accounting and: Bs. Input i its environmen ‘Az, Conceptual framework Ba, Processing Bg. Adjusting the accounts ‘AS. Regulatory -—— J i framework 4, Output i “Accounting for = " Franses J C1. Current assets C2, Non-current assets | D2, Business types eMac eters Scanned with GamScennerBusiness Quantitative Analysis (BQA) “Foundation — Business Quantitative evel Aas 94) Business Analytics (ITBA] Syllabus Structure ‘The syllabus comprises the following main topics with the relative study weightings: Sane Son ‘Business Mathematics 50% Business Statistics 50% Course Description This course provides fundamentals of quantitative analysis under two broad categories, Business Mathematics and Business Statistics. The course is designed to enable students with reasonable quantitative aptitude in grasping the contents of other courses under the CMA professional program. In the first part of the course, students will be oriented to the use of logarithms, exponential functions, calculus and trigonometric formulas in addition to the basic concepts of mathematics. Subsequently, this course covers descriptive statistics, probability concepts, probability distribution, hypotheses testing, regression and correlation, Index numbers and Forecasting-Time series. The amalgamation of these quantitative issues with information technology is made in this course. Course Objectives ‘The main objective of this course is to enable learners to use the knowledge of mathematies and statistics in the decision-making process. It is expected that a successful learner of the course will be able to express business problems in mathematical terms, solve the problem and be able to interpret the results. In the process, they will also be able to identify sources, types and use of data. This course will provide a foundation for the quantitative skills, logical reasoning and critical thinking ability expected from an aspiring professional accountant. Course Learning Outcomes ‘On successful completion of this course, the student will be able to: understand the basic mathematical theories and their application using MS Excel spreadsheet; use set theory, exponential and logarithmic functions in solving critical business problems; understand the use of trigonometry and calculus in solving industrial issues; comprehend the use of mathematics in financial management; conduct scenario analysis using probability theory; develop basic forecasting and optimization models; and draw conclusion about population characteristics based on sample data via hypothesis testing, 1 2 3 4 5 6 7 eG egecio ciara Scanned with GamSconner' | A pasiness | Mathematics | (50 Marks) © ICMAB Meas Murnane Scanned with GamScenner PESSUy came i Bett i Vponsuecensil Autaie | R.UAP | tntoction; Ccrapleton stdents | 20 Mathematics S Shmatotpetinsand |stllbeati | brackets 1 demonstaterhe | + Dilfernt pes of mabe; vino | * Rounding factions, tase math | and ratios; inthe . variables and eee ion ot functions; sales | + Expooentil numbers eee | «Formulae; Felton of + Soving equations tient erables; | '* Manipulating inequalities; 3. demonstrate the | + Mathematical opeationsin |” useefformasin | excel MS Exee | + Accuracyand approximation. | spreadsheet. | A2, Set. RAP, | + Introduction; + | ‘Theory AN,D |» Definition ofsets and elements; | underlying | + Methodsafexpressingses; | rilosophy ofst 2 Typesofets Theor | + Venn diagrams 5 apply set theory eae solvingeesblile | ‘+ Number of elements of finite Droblems. { set | + Arlication othr to | solve business problems and | caution of probability 4s U.AP, [+ tsponentia anton: 6 undentantite | gs Exponential | AN, |" exponent; postive integral implications of and ‘exponent; zer0, negative exponential and Logarithmic integral exponent; rules of logarithiie Fanetions exponent ractinalexponent; | fonctions; + Logarithefancions, iMstat the use logarithm; formulae of ‘of logarithm as an lorithns natural gait | alternative toa anvdeoomonlparithngthe | | ealeulator a Scent formofnumbers use | computer. of acaleulate, AM. warp [+ introduction 8. apply theconcept | ag% Permutations + Fundamental principles of opermatation and counting: multiplication rule; nd combination. Combinations addition rule; inarranging «© Permutations: properties of objects; ‘permutations; circular 9. describe the: Permitaton: perma meaning a trih estitons computationsB. Business: Slatisties GoMaris) Poa eran cr Mase aa elec + Conditional probability; + Solve problems using different rules, + Combination: properties of circular conbinations permutation and ‘permutation with restriction. | As. Ik, AP, E,D) + Interest and its computation | 10. compute prese 30% Mathematics + Power of compound growth and future values of Finance + Present and foture values of cashflows single payment, annuity 1. decide the + Cost-henefit analysis discount: | financial feasibility cd cash flow, NPV, IRR ofa project 1, demonstrate the PS 1 of MS Excel spreadsheet in solving financial problems Bi U,aP, AN |* Organize ungrouped data 13, present datain 15% Deseriptive frequency distribution tabular ond Statistics + Construct different types of graphical forms eraphs using statistical 14, understand and software. Interpret the + Arrange ungrouped data into an} features ofa array,and determine the mean, | distribution ‘median, mode, percentiles, and | 45, apply the approp aquartiles; ate data presenta- + Measure of dispersions tion techniques coeticient of variation; using MS Excel for + Skewness and kurtosis, Aeseriptive statistics. Ba, U,AP, | + Linearsegression analysis; | 36. identify and 20% Regression | AN,D_| « Determination of correlation interpret the best and coefficient; fit solution using Correlation + The least-squares eriterion. regression analysis 17. useregression analysis asa forecasting, technique; 18. demonstrate correlation and regression reslts in MS Exed Bg. Bas U,AP, | © Concept of probability, 19. demonstrate the ox | Probability AN + | « Rules of probability; useoftheaddition ‘and multiplication | rules of probability Scanned with GamScenner@ICMAB By, 20, compute Probability «Probability distbutions probability froma Distributions (binomial and normal); binomial and + Use binomial and norinal spormal distribution to caleulate Co rebablites 21, generat business " solution using a probability tistbaton Bs, ‘AP, AN, D+ tntrodution tobypothess | 22. explorethe 1% Hypothesis testing: relationship a tenting }+ State null and alternative between variables ~ hypothesis, inan experimental + Tests ofstatistica hypotheses, | setting; 23. apply hypothesis testing in quality | ‘management Boindex — | U,AP.v |. Basieterminclgy; 24. demonstratethe | 10% numbers * Combining series of index computation and rumbers; sseofindex ‘+ Composite index numbers; ‘number; 4 Weightedindexnumbers; | 25 construct and + Retail pice indexfor apply the relative Banglades, Price index. By. UE |« Components of time series; 26. develop and_ 20% Forecasting + nding the tends interpreta Time series + Finding seasonal variations; | forecasting model «Forecasting; generated froma «Limitation of foreasting time series analysis model. 27. demonstrate the se of MS Excel to develop time-series forecasts Here, R= Remembering; U = Understanding; AP = Applying; AN = Analyzing; E = Bvalating; C= Creating: D = ‘Decision making; are the seven levels of earning developed based on the Bloom's Taxonomy. Recommended Books and Learning Materials Primary Textbook 3. ICMAB. (2021). ICMAB Learning Manual for Business Quantitative Analysis. Recommended Textbook (Latest Edition) 1. Kappor, V. K., & Sancheti, D. C. (2019). Business mathematics. (11® e¢.). Sultan Chand & Sons. 2, Gupta, $. P., & Gupta M. P. (2019). Business statistics (19 ed.) Sultan Chand & Sons, funn Scanned with GamScenner@ICMAB ee ee Reference Books/Other Learning Materials (Latest Edition) 1, Agarwal, D. R. (2018). Business mathematics (1 ed.). Vrinda Publications (P) Ltd. 2. Zameeruddin, Q,, Khanna, V. K., & Bhambri, S. K. (2009). Business mathematics. (2! ed.). kas Publishing House Pvt Limited. 3. Levin, R.1,, & Rubin, D. S. (2017). Statistics for management, (8 ed.). Prentice-Hall. 4. Anderson, D. R., Sweeney, D. J., Williams, T. A., Camm, J. D., & Cochran, J. J. (2020). Essentials of statistics for business and economics. (9 ed.). South-Western College Pub/ Cengage Learning. BQA Course Mapping PT een ee 1, 2, 3, 8, 9, 10, 16, 17, 18, 19, 22, 28, 29, 31 CLO2 4,5,6,7 CLO3 10, 11, 12,13, CLO4 — 14,35, 16, CLO5S 16, 23, 24, 25, CLOG 13,16, 20, 21, 30, 31 CLO7 _ 16,19, 20, 21, 26, 27, 30, 31 Hore, PrOs = Program Objectives; POs = Pillar Objectives; CLOS = Course Learning Outcomes; TLOs = Topic Learning Outcomes eee nies Scanned with GamScenner© ICMAB cero e Business Economics & International Business (EIB) Foundation Level Introduction to Business Economies 2. Microeconomics 3. Macroeconomics Bangladesh Econo. my 1. Introduction and Si 2. International Trade Policy & Foreign Direct Investment (FD!) 3. Payment & Finance Mechanism 4, Export & Import in Bangladesh perspective trategy 10% 20% 10% Course Description Thisiis the first course of the pillar, Economics & Finance. This course presents the fundamentals of different economic and international business concepts. The first part of the course, Business Economics, consists of microeconomics, macroeconomics and Bangladesh economy which portray the economic environment of business and different aspects of miero, macroeconomic forces and Bangladesh economic conditions that influence the business decision, Similarly, an understanding, of international business is essential for aspiring professional accountants in today’s interdependent global world. This course provides an overview of international business explaining, how firms engage in conducting business crossing the local boundary, the key characteristics of the foreign environment that need to be taken into account, the typical challenges of daily operations in an MNC and the main strategic level decisions which a multinational corporation (MNC) must make and analyze. Course Objectives ‘This course is designed to provide aspiring professional accountants with an understanding of the basic concepts & theories of economics and to show how competition, the behavior of markets and government economic policies can influence an organization's decisions regarding price determination and value maximization. Besides, this course will provide students with the knowledge, skills and abilities to understand the global economic, political, cultural and social environment within which the firms operate. It is expected that the knowledge of the course will enable an aspiring professional accountant to formulate and execute strategies, plans and tactics to succeed in local and international business ventures. Scanned with GamScennerOICMAB Learning Outcomes ‘ssful completion ofthis course, the aspiring professional accountants, n which an organization operates; explain the fundamental concepts of economies and international business; describe and apply different theories of economies and international trad illustrate the different macroeconomic aspects of Bangladesh; cevalwaate andl apply the international trade policies and procedures in business operati understand the regulatory requirements and international trade finance, import and export mechanisms; and 7. forinulate strategies considering ethies, the local and global business environment. ll be able to: A.Dusiness | A1.tntroducion | RU [6 asieconcepts: Definitions | Upon sucesfa 10m | Economics | to.usiness and Relevance; Postveand_ | completion, students (GoMarks) | Economies Normative ecromieg | Shllbeableo: Scarcity; Opportunity Cost; | 1. understand the Production Possibilities fundamental Frontier; concepts of |. Schools af Economic economies; ‘Thoughts: Classical, Neo- | 2 Understand the ‘Chassical, Keynesian, a + Paricpating inthe namie | Stems BasnessEnvronment; | 9, describe the + UndestanngErolving |” implications of Eeanomie Systems and ethical decisions Competition; inthe global + Making thee Decisions | market place and Managing a Soily Responsible Business; + Competing the Glbat Markeiplace ae UAD.AN, Jy Demand, Supplyand | + conduct the 50% Micrconomics |" B-'|" uitrium natysieTae | basiedomand, svpalyand Demand Cure; The Supply | SRY Curve; Compaitve arias; | SAN Market Equi; | 5, Tinkthe Equiv Price and relationship Quant: Supply Shortage | etween and Price Movement; sone Consumer Supas; Producer | Seis with Surplus; Total Surplus; and the producer + Market Regulation: suplis wih the Government Interv supply curve CRW a enero Scanned with GamScennerv ‘ ICMAB ‘Subtopics 6. describe forms of government intervention in the mark 7. explainthe implication of Markets ~Prie nd uanty Control Price Ceiling; Price lor; Quota ann Tax; Change in Consumer Surplus.and Producer Surplusafter mena Regulation; ntervention; J+ Elasticity: Price Eastiity of |. explain the Demand; Income Elasticity mportance and id Price Hlasticty | effetsof various . Iypes of elasticity; 9, develop the relationship Detween the quantity of inputs and outputs; 10, analyze diferent costs and production poly; Cross-price ticity; factors inf 4+ Theory of Production and Cost; The producto Lang-Run Costs, Cost ‘Curves; Economic af Sea analyze market ‘+ Market Structure and structures and its Enquilbriuen Priceand impact on profit, Output Levels: Perfectly Competitive Market and Innperfectly Competitive Markets (Monopoly, Oligopoly and Monopolistic Markets); Determination of Enquilibriuin Price and (Output in Different Markets; Price Discrimination and Distortions, Anti-Trust Laws. A RUAN, |e Definition of Macrocconomics; 2 understandand | 30% Macroeconomics} ED |, Basic Concepts and Data; eee }+ Importance and Relevance of eee Matro-Eenomis or — Busines Students a. uedendad the + Gross Domestic Prout connie health (GDP), Gross National ofa nation: Prurct (GNP), Net National |14. understand tools Product (SNP) & National | government use Income (ND toathieve J+ The Monetary System, virtual ‘macroeconomic money and digital currency, | 82! + tfation: Factors resuing in Inflation, Measurement; Guprelel4 Scanned with GamScennerB, International Business (50 Marks) aerate EM ‘Unemployment and the @ICMAB Labor Make M4, RUE Economic Policies in 115. analyzethe growth| 10% Bangladesh and siructure of Bangladesh; Sa Economy poate the bangladesh Economic Indicators; Sconomy. ‘Trend of ices of Consumer | Goodsand other Gontsin | tangas |* Growth, Structure & ° Performance of Bangladesh Bzonony, Current Bonomi Ars. Bh RU |« pefnionoftnemaiond 16. understandthe | 20% ‘Introduction ante implications of and Strategy Tntematinatrae theories; | ierent trade Correnttrends and historical | inthe patersof international tad; | eas Glbaitonin World Trade | en and World arebeinginuenced Toterationl strategie bythe ples international Entry Strategy and Strategic business — iment Assessing competitive 18. evaluate dynamics and advantages, and apply the : : strategies to Gidvantagesiniternationl | Sates busines; effectively within Global dynamics, political and various cultural & country risks international} economic basins; environments; Ethics corporate 19, apply strategies to susainaility and corporate social responsi sn organiztion's integrative trade inatives, Ba. R,U,AP, | Framework ofinternational _|20- deseribe the 20% International | AN,E,D |" trade poly factors and their ‘Trade policy implications fr & Foreign ‘Trade policy tools; ‘viable global trade aes Development and currentrole | “auie Saba s Investment ofthe WTO; tavirnment ‘Trade policy: taifs, trade ‘an, evaluate different Maier GRAM HANDBOOK Scanned with GamScenner@ ICMAB ESSN Surat Biren patie Bg, Payment and Finance ‘Mechanism and Monetary System; + Definition and methods of Foreign direct ents 4+ Benefits of Foreign Direct, Investment + Disadvantages of FDI; + Typesand Examples of Foreign Direct Investment; ‘+ What to consider investing i Bangladesh; + Mode of payment: Various payment methods in international trade; Risks issues in international trade ‘payment; Hdntifyng fraudsin international payments; Various risks and mitigating procedures in the infernational secured payment mechanism; ‘+ Documentary credits (DC): Ginteautt ee 25 identify ways of attracting and process of | bringing EDI in Bangladesh explain the ‘implications of different payment ‘modes in international trade; 25, understand different forms and procedures of payment What is documentary credit; | throuah Wes Typeset; Docanentatons | 26 understand ‘OfDC; Rules and procedures | fon ofinterest ‘governing DC; Settlement rates, deferred procedure andretirement of | payment, DC; Uniform Customs and Ge oa Practice for Documentary Intermediary ‘credits (UCPDC); banks, International Commercial ‘Terms (Incoterms); ‘+ Trade finance mechanism: Financing arrangement through the export country -Export credit agency (ECA), buyers credit Financing through Letter of Credit; Usanee mechanism and international factoring; Scanned with GamScenner ann Sey 40%tagiece Tae 27. understand the requirements to import/export Export ~ Provedure and regulation: Export from Bangladesh; Procedutes to export; Regulations and ee port Regulations and Bangladesh; sidelines o export; sport | ag. pagent ne tails dy drawback import/export procedures; Expor incentives | proces of and procesftealzation Bangladesh Import ~ Procedure and regulation: Import 10 Bangladesh; Procedures of, import; Regulations and guidelines ofimport; Import tariff and input credit faiiny, Various import restrictions. Here, R = Remembering; U = Understanding; AP = Applying: AN = Analyzing; E = Evaluating; C = Creating; D = Decision making; are the seven levels of learning developed based on the Bloom's Taxonomy, Recommended Books and Learning Materials Primary Textbook 4. ICMAB. (2021). ICMAB Learning Manual for Business Economics. 2. ICMAB. (2021). ICMAB Learning Manual for International Business. Recommended Textbook (Latest Edition) 1. Gitman, L., & MeDaniel, C. (2009). The future of business: The essentials, (4% ed.). Thomson. 2, Samuelson, P.A., & Nordhaus, W. D. (2010). Feonomies (19 ed.). McGraw- Hill/Irwin, Wild, J. J., & Wild, K, L. (2019). International business: The challenges of globalization (What's new in management). (9"* e4.). Pearson. 4. Griffin, R. W, & Pustay, M. W. (2019). International business: A managerial perspective. (9'* ed.). Pearson. Reference Books/Other Learning Materials (Latest Edition) 1. Krugman, P., & Wells, R. (2020). Microeconomics. (6"ed.). Worth Publishers. 2. Dornbusch, R., Fischer, $, & Startz, R. (2018). Macroeconomics. (13* ed.). McGraw- Hill/Irwin. Blanchard, 0. (2021). Macroeconomics (8" ed.) Pearson. 3 4. Hill, C. (2021). International business: Competing in the global market place (13 ed.). McGraw- Hill Education. 5. Daniels, J. D.,Radebaugh, L. H.,& Sullivan, D, P.(2019), International business, environment and operation (16" ed.) Pearson. Scanned with GamSconnerPrt 1,6,717 PrO2 2, 4, 5.8; 9 24, 25; 26 | PrO3 4, 6,8, 10, 16, PrOq 12, 13, 14, 15 PrO5 20, 21, 22, 23, Pr06 22, 25, 27, 28 Pr07 2, 3,11, 18, 19, 22 Here, PrOs = Program Objetives; POs = Pilar Objectives; CLOs = Course Learning Outames TLOs = Topic Learning tcomes Ploeg Scanned with GamSconnerFundamentals of Management & Business Communication (MBC) Sse! See | Management & Business Foundation Fundamentals of MSn4 Strategy [MBS] Level Management & Business ‘Communication (MBC) Syllabus Structure Introduction to Management 1% | Planning and Decision-Making Process 10% | Organizing Process 10% | ‘The Leading Process 15% | ‘The Controlling Process 5% | Fundamentals of Effective Business Commi fi) 2. Fundamentals of Business Writing and Business Message 20% | ©] 3. Fundamentals of Report Writing 10% | Cross-Cultural Communication, Correctness and’Technology 10% _| Course Deseription ‘This course describes the fundamentals of management and business communication, the core activities of all business, in two parts. The first part of the course, Fundamentals of Management, describes the key issues of management. Itis associated with the basic concepts of management and management process including planning, organizing, leading and controlling in different contexts. ‘This partis designed to understand the management style in managing the business and to develop business leaders’ management and decision-making skills. The second part of the course, Business Communication, describes the key issues of business communication and is associated with the asic concepts of communication and communication process; fundamentals of business writing, Dusiness message and report writing; and cross-cultural communication, correctness and technology. This partis designed to improve the business leaders’ administrative, communication ‘and business skills within and outside the business. Course Objectives ‘The objective of this course is to develop the theoretical concepts of management and business spramunication. This course expects to apply the theoretical concept of management and business Communieation in solving real-world problems through dynamic management style and effective Communication. ‘This course is designed to achieve the management and decision-making skill Dusiness communication and business and report writing skills of the business leaders in today’s competitive and challenging business environment. This module will improve the, essential Knowledge, technical skill and professionalism ofthe business leaders in management and business ‘communication. eines ane Scanned with GamSconnerOn successful completion of the course, the asp 1 @ICMAB Course Learning Outcomes 1g professional accountants will be able to: understand the business acumen in selecting the appropriate management tools; describe the basic concepts and process of management; apply the management knowledge and skills in generating ethical bus understand the fundamentals of business communication and comm prepare a long- and short-term business report and proposals; express thoughts, ideas and concepts effectively and smoothly; and develop efficient and effective command on the use of different ‘meet professional demands. ess solutions; nication process; mmmunication mediums to DETAILED CONTENTS a ‘Ax.Conceptual | R,U,AP, | + Conseptsofmanagement; |Uponsuecessfol | 20% | Fundamentals | and AN,D” | 6 Roteofmanagement; completion, stent | of Management | environmental + Efceney and shall beable to: (Go Marks) aspects of effectiveness; 1. understand the Management «+ Types of managers; basics of | + Basic management ‘management | «+ Fundamental satire | sangeet] Sea | ‘ Managementasascience | towel | and art behavioral and | “Importenceoftheoryand | Pee | history, perspectives; + Historia contest of Ey rear management; camp + Evolution of| aap smanagem perspectives + Contemporary with challenges ‘management and perspectives; ‘opportunities « Systemsand contingency [4 discuss the perspeetve; nature of Contemporary renin’ management issues and environments challeges: and identify the | + The organiza components of aera its general, task | «The Ethieal and Social anita | aspectsofmanagement; |, See | + Issues of Intemational Sere | Busines; al + The organization's environment, | caltare international | environment | management; Scanned with GamScenner‘2, Planning and Decision: Making Process U,AP,A ED anning and strategie management; «+ Planning and organisational goal + Criticism of planning: + The nature of strategie ‘management, + SWOTanalysisin formulating stratege; + Formulating business- level strategies; + Formulating corporate- level strategies; + Tactical and operational planning; «+ Nature of decision making; «+ Rational perspectives on decision making: + Behavioral aspects of decision making: + Group and team decision making in organizations. Process U,AP, AN, ED + Basic elements of ‘organizing; + Bureaucratic model of, organization design; a influences on ion design « Basic forms of organization desigr sues in ‘organization design; «+ Nature of organization change; + Managing change in organizations; «+ Areas of organization change; Pees tus emerging issu 1. describe nature, andareasof| organization change; radeseribe the innovation proces, forms ‘ofinnovation, the flare to innovateand how Scanned with GamScenner+ Organizational innovation; «« Environmental context of HRM; «Attracting human «Developing human resources; + Maintaining human + Managing workforce diversity; + Managing labor relations [New challenges in the changing workplace, organizations can promote innovation; 13.diseuss how ‘organizations atiract, develop, ‘and maintain human resources and workforce diversity Ag, Leading Process U,AP, AN, ED + Individualsin organizations; «+ Personality/attitude/ perception/stress and individual behavior; organizations; + Types of workplace behavior; + Employee motivation and performance; + Nature of motivation; ‘= Content/process/rein forcement perspectives on motivation; «Popular motivational strategies; + Reward systemsin ‘motivation; + Leadership and influence processes, «+ Nature of leadership; + Approachesto leadership; + Political behavior in organizations; + Groups and teams in organizations; «+ Characteristics of, ‘groups and teams; «# Interpersonal and intergroup conflict; agdiseuss the basie cements of individual behavior and workplace behavior 15. describe employee rmativation and relationship between rativation with performance; 16. discuss the generic, situational and related approached to leadership and poi Dehaviorin the organization; 17. describe the processof groups and teams development and reduce the confit and process Scanned with GamSconner 30%B. Business ‘Communication (50 Marks) evelof seen eee + Manag organizatio + Negotiation Scanned with GamScenner AS. Controlling | U, AP, AN, | + Basic elements of control; | 18. explainthe 10% | process B,D | « Nature ofconteol; purpose of * operntions/inancaytr | Sone uutural/strategic control jiterest types ‘+ Managing control in ofcontroland | organizations; deseribe the + Nature of operations steps in the j management; control | + Designing operations 6 ee os nature and + Organizational athe of technologies; speraton, | + Implementing operations quality and systems through supply productivity chain management; management. + Managing total quality; ‘+ Managing productivity Bh. R,U,AP, | Porposeand principles of |20. discussthe | 20% Fundamentals | AN,E,D | communication; basic concept of Effective + Role of communication of business Business in busines tonand Communication + Categories and process of bee business communication; tion process; + Commubication 21. discuss the structure; ‘communica- + Formal and informal tion structure communication network; and communi- + Culture and ts effects on cation communication; elvork 4 ; management; + Media ofcommunication; |95. Giseuss the + Barviers of communiea- communication; tion barrier + Business communication and way to remove the barrier; + Oral communication; 23, discuss the + Using speech recognition este oeel interpersonal | for messages and reports; Saran | + Listening; communiea- | «+ Mastering formal tion and use of| | speaking; these in | + Reporting orally; effective business@ICMAB F iene Grote) Sonlicdn cae ats jean) ; ; communication; + Makingformal speeches; | nmi * Giving team merits and | (collaborative) Timitations of| presentations; oral, + Presenting virtually; {interpersonal + Non-verbal and written communication; communication + interpersonal communication; + Written communication; + Purpose of writing and clarity in writing; + Principles of effective writings « Steps of writing process; + Differentiate between oral report and written report; «+ Merits and limitations of different forms of communication be, R.U,AP | + Adaptation and the 25, discussthe | 40% Fundamentals selection of words; basso of Business + Nondiseriminatory ares Writing and writing: yeiting nein ne ineluding in Message femme) sentence/paragraph fonts design; sentences and + Writing fora positive paragraph effect; 26. discuss the «Importance of skillful {importance of writing; positive eect + Importance of readable oa formatting 27. discuss the + Letters/memos/emails; bases of + Thenewer media in Dusiness business writing; rmessagein + Directness in good-news terms of letter, ‘and neutral messages: memos, email prevalence, preliminary a assessment; general eee direc plan; routine ered news inquiries; favorable eal responses; adjustment meempeand grants; order indirectness in acknowledgements and bad news and other thank you persuasive messages; operational message; Geen elele) Scanned with GamScenner@ICMAB sen oe Geral eee | pokes reangeatterdiect [25 dca teh «inirceesinind-nevs | Poh message and persuasive | messages: situations; ‘general indirect plan; refused requests; claims; adjustment refusals; negative announcements; ther indirect messages; rationale for indirectness; general advice about persuasion; persuasive requests; sales ‘messages; proposals; Communicating in the job-search process: preparing the application documents; constructing, the résumé; writing the cover message; handling the interview; following. ‘upand ending the appli + B3. R,U,AP, | + Basics of report wri lao. discuss howto | 20% Fundamentals | ANB | defining reports; ‘prepare well of Report determining the report ‘organized and Writing purpose; determining the structured factors; gathering the report and use information needed; the graphics interpreting the findings, effectively in the| ‘organizing the report report. ‘information; writing the report; collaborative report writing; “Types ofbusiness reports: an overview of report components; characteristics of shorter reports formsof shorter reports; types of short | reports; components of Jong, formal reports, | structural eoherence plan; long analytical report Graphics in reports and | other documents: planning the graphics; arog Sie Maca oe). Scanned with GamScenner) ICMAB pare aioy anee | determining the general mechanics of construction; constructing textual graphics; constructing visual graphics. 31 describethe | 20% Bg. cross- |] U,AP,AN, |» Cross-cultural scribe the Cultural ED ‘communication: the aaa Communication, i cross-cultural } proving importance of ul Correctness, Ee ceeeieal communication; and Technology comaunietion; Js deste | « Dimension of utara comes Aitference problems of fnterms of language; advice for punctuation, commu grammar, cultures; numbers and + Correctness of ‘communication: the nature an importance of correctness; standards technology in | for punctuation; pesiueee ic | standards for grammar; ‘communication. | standards forthe use of, | | | ‘numbers; spelling; + Technology-enabled communication: technological support for ing tasks; tools for constructing messages; print versus online documents; computer tools for creating ‘electronic documents; computer toals for collaboration. Here, R= Remembering; U = Understanding; AP = Applying; AN = Analyzing; B = Evaluating; Decision making; are the seven levels of learning developed based on the Bloom's Taxonomy. Creating; D = Recommended Books and Learning Materials Primary Textbook 3. ICMAB. (2021). ICMAB Learning ‘Manual for Fundamentals of Management. 2, ICMAB. (2021). ICMAB Learning Manual for Business Communication. Recommended Textbook (Latest Edition) For Management 1. Robbins, S. P., DeCenzo, D. A. Coulter, M. and Anderson, I, 2020. Fundamentals of management. (11" ed. or 9" Canadian ed.). Pearson. 2. Griffin, R. W. (2018). Fundamentals of management (9 ed.). Cengage Learning. 3. Koontz, H. & Weilrich, H. (2015). Essentials of management (10 ed.). Tata McGraw-Hill, CMA PROFESSIONAL PR Scanned with GamScennerjeation 1. Bovee, C. L., & Thill, J. V. 2 Lesikar, R., Flatley, M., Rentz, K. connections in a digital world (11" ed.). MeGraw Hill Education. Rentz, K., & Lentz, P. (2014). Lesikar's business communication: Connecting in digital world 1021), Business communication today (15" ed.). Pearson, ind Pande, N. (2017) Business communication: Making (a3 ed.). Irwin and McGraw-Hill 4. Thill, J. V. & Bovee, C. 1. McGraw-Hill, ). Excellence in business communication (13% ed.). rning Materials (Latest Edition) Reference Books/Other Lea For Management 1. Richard L. Daft. (2021). Management (14° ed.). Cengage Learning, 2. Kreitner, R., Cassidy, C. (2012) Management (12 ed.). Cengage Lear 3. Lewis, P-S. Goodman, §. 1, Fandt, P.M. & Michlitsch, J, (2012) Management: Challenges for tomorrow's leaders (6" ed.). South-Western College Pub. For Business Communication 1 Bove, C. L., & Paul, C. the mobile-digital-social workplace. (8° ed.). Pearson. Lesikar, R. V., Pettit, J. D., & Flatley, M. E. (2011), Basie business communication, (12 ed.). . (2019). Business communication essentials: Fundamental skills for McGraw-Hill. Murphy, II. A., Hildebrant, 1. W., & Thomas, J. P. (2008), £fective business communication. (7 ed). Tata McGraw-Hill Locker, K. O., & Kaczmarek, §. K. (2019). Business communication-Building critical skills. (7* ed,). Tata McGraw-Hill. ; Pal, R. & Korlahalli, J.S. (2011). Essentials of business communication. (13 ed.). Sultan Chand & Sons, MBC Course Mapping 4,6, 10,11, 16 1, 2,3, 7,94 12, CLOZ 5,8, 9,16 CLO4 20, 21, 22, 23, 24, 26 CLO5 27,30 CLO6 23, 25, 27, 28,29, 31,32 CLO? _ 23, 25,27, 33 Tar Objectives; CLOs « Course Learning Outcomes; TH0s = Tope Learning 3, 14, 15, 16, 17, 18, 19 Here, PrOs = Program Objectives; POs = Pil Outcomes Scanned with GamScennerCost & Management Accounting [CMA] “Cost Accounting — level I (coa) Syllabus Structure ; The syllabus comprises the following main topics with the relative study weightings: er Cost account B Cost accounting systems aoe c Cost accounting methods and techniques 45% D Contemporary cost accounting tools 25% Course Description This is the first course of the Cost and Management Accounting pillar. This course provides the in-depth knowledge of understanding and applying different cost accounting methods and techniques to manage different cost elements considering the nature of organizational operations. In the process, analysis and decision orientation is also emphasized. The subject covers fundamentals of cost accounting concepts introducing Bangladesh Cost Accounting Standards; elements of costs in explaining different cost elements; appropriateness and application of different cost accounting methods and techniques; and also provides preliminary idea of the contemporary cost accounting issues. On completion of this subject students will be developed skills of analysis, evaluation and synthesis in cost and in the process, created an awareness of current developments and issue in the area, Course Objectives The main objective of this course is to enable learners to provide in-depth knowledge of cost accounting concepts, principles and methods to apply and analyze cost accounting data to meet the requirements of different manufacturing organization. This course ensures the conceptual foundation of different types of cost and its implication in the organization for a learner to provide data that are required for management decision making. The course aims to provide the basic ‘concepts and principles of cost accounting that one can apply in preparing management reports and provide a base to develop analytical skill, Scanned with GamSconnerCourse Lear ing Outcomes On successful completion of this course, the aspiring professional accountants will be able to: 1. describe the fundamentals of cost accounting concepts, conventions and doctrines; 2. understand the underlying principles of Bangladesh Cost Accounting Standards; 3. identify and ascertain cost of a cost object preparing necessary cost statements; 4. apply different cost accounting methods and techniques; 5. build argument in selecting a cost accounting method/technique in a given context; 6. apply and analyze the principles relating to the costing and control of different organizational resource; and 7- understand the application of cost accounting in a digital and lean management ecosystem. DETAILED CONTENTS as soit Topi A.Cost Ax atroductionto| RU | « Definition of Cost Upon suecessfal accounting | cost accounting ‘Accounting; completion students | 25% | fundamentals « Comparison of Cost shall beable to: Go Marks) ‘Accounting wth Financial 1. understanding ‘Accounting and thescope and Management Accounting, | mechanisms of + Therole of Cost Accounting; | cost accounting; «+ Methods and Techniques of | 2- identify the Cost Accounting: basie principles + Characteristics of anideat | andtrendsin Cost Accounting Systems; | cost accountng + Tastalltion ofa Cost, Accounting Systems; + Modem Trendsin Cost | Accounting. \ ‘Az.Dangladesh | R,U,AP | « Bangladesh Cost Accounting | 3 illusratethe | 35% Cost Accounting Standards Board; roleand standards « Objectives and Functionsof | applications of Cost Accounting Standards | BCAS. Board: + BCAS issued by ICMAB. AG Costeoncepts, | R,U | « TheConceptsofCostand | 4 | 40% classification and ‘explain why the concept of from different cost statements ‘cost needsto be defined, in | perspectives; ordertobe meaningful; | §- prepare cost + Cost Clasification for statements Inventory Valuation and Profit Measurement; «Financial, Cost and Management Accounting Concepts; RetaneceUaeue ss Scanned with GamScennerperTeny rH _ Ghat ras Topics aie A «+ Describe how information can be used to identify performance within an organization; + Explain he differences between financal information requirements for companies, publi bok and society «Prepare the statement of cost of goo sd B, Elements of | 11.Costingof } AP,AN, | * Classification of Materials; |6, decide 25% Costs Materials E.D__ | + Objcctivesof materials material costs Go Marks) management and control; to he reported + Accounting for ma in thecost © Stock conteol in Advanced | statements; Manubetringtiews a | + teventory stem = Periodic | Sin + Maintenance different Ledger ani Subsidiary techniques and Ledger, relevant BCAS, ‘© Methods of Pricing issues FIFO, LIFO, Weighted / Moving Average: + Valuation of elosing / inventory for Balance sheet; Pricing of returns ~ selection of pricing Method, Recordings + Corresponding BCAS, B2.Costingof | AP,AN.C | + Productivity and Labor 8 20% Labor Costs; pay scheme in + Remuneration methods; a given context) «+ Recording labor costs; 9. control labor + Employee cost reporting and | costs through measurement of efficiency; proper « Corresponding BCAS. recording and reporting, B3. Costing of | AP.AN. | © Define Overheads; Overhead |19. illustrate the 30% Overhead allocation, apportionment of | process of overhead; identifying and + Absorption of factory applying overhead; predetermined overhead rates, ace Mole NL) Scanned with GamScennerC.Cost accounting methods and techniques (45 Marks) B4. Cost Accounting, Records as per Beas Tent ‘Subtopics ‘outcomes of p ie ‘© Absorption and treatinent of | 11. report orerarunderabsorsionat |" gerade + Accounting for specific eae items of production, cee overhead, + Treatment of Now ~ Manufacturing Overheads; ICAS, + Correspondit U,AP | + Maintaining Cost Account- 12, maintain 25% ing Records (CARS); proper cost + Learn how CARS are feeounting maintained for different recor as per sectors/Industies; : + Totalost Managementand | BOAS Framework process eta | auar |+ ebandtachCmtng: |i. daeminecan| sax casting Coushetanijoegers | zeluts Recording completed jobs & sites Batch gat, «Gm cost Difeene- Sihwcenp cadena coating cote paconeef compen, calculating the profit based onthe peng a conten carmase | war + tebaisetpocss [ia deermimena| gon cone costing inapoces + ObecteotProescon BAR” System; environment; + Chelsie ofa Proves eames Cos Sten 15 ein + Comparison of Job Order ee prea and Process Cost Accumula- normal and diner tion System; ‘= FIFO, LIFO and Weighted losses. average cost flow methods; ‘+ Treatment of Normal loss, abnormal luss, Normal and abnormal losses with serap value and waste with Disposal Cost, Addition of units and effect on cost, ‘Treatment of Abnormal gain in process costing. Risser Scanned with GamScennerii cies) urs of service services. organization + Cost units and aml + Application of costing indifferent organization, ca, Stand R,U.AP, | + Purposeof Using Standard | #7. determine 30% Costing: standards for + Variance Analysis, different cost + Materns, Labor and elements; cl standards, 18, compare ce analysis for Cos, | actual and volume an price varinnees, | Standard costs sales nial yild inidentifying variances; ae «+ Responsibility anaysisfor | 19 evaluate ae variances for + Reconcile standard profit oe | and actual profit using ao absorption and marginal | costing systems; + Accounting disposition of + Interpretation of variances | and Inter-relationships | between variances. | | (c5-Joint product! AP, AN, | + Joint Produetsin Process | 20. account for 10% fandby-product | ED | Accounts; joint and by- costing + Accounting treatment ofBy- | product Products; applying + Methods of allocation of different joint cost methods; + Decision tosell by-product | 21 decide whether atthe time of separationor | tosellor by further process. process further crAciviysasd-| RU | + Outineofan ABCeystem; | 2a understands | 20% costing + Cost Pools and Cost Drivers; | basic elements + Designingan ABCsystem; | of ABC; + Absorption costing versus | 23 outline the ABC; + Marginal costing versus ABC; + Benefits of ABC System; + Applicaton of ABC/ABM; Scanned with GamScennerb. Da. Tanget Use of MRC) ARN in inyprowing activi # Vatianoe analysis i ABC syst + ABC inservice organizations, Here, R= Remembering; U-Understanding; AP = Applying: AN = Analy: Decision making; are the seven levels of learning dlevetoped based on the Bloom's Taxonomy. CMA PROFES: VAAN | + Underbingphitosoptiyot | a4 ide we | Contemporary | svsting (1) Te factors cost + Wester ys capanese ost int accounting rmamagernent: tools + Factorsinfuencing there | 25: ilstea (25 Maris) ee application of + Process oftanget costing: 7 + Tes. Kaizen costing + Corresponding REAS. Da.Quality — | RearaN | cost of quality motels, 26, describe the | 30%, a + PAF models of QC; underlying + Traleoffhetweenthelevets | philosophy of ‘of eanformance and none we conformance cos ilusteate the Zi + Srp tte co erent QC models models, + ABC models of QC; + Application of QC : indifferent sectors; + Correspontt Dg. Life-cycle | U,AP,AN | + Concept of LCC; . ilomtiy the 30% costing (LCC) + Underlying featuresof ce; | elements + Signiticanceand benefitsof | associntedtin ; Lee; «+ Application of Loc 20, iMusteate the + UCC for projexts framework for + Limitations of 0; consider + Lifecycle budge entire + Corresponding BCAS. incremental costs over the total life extent ofa product /project noi E IM ec UM Uo tele Scanned with GamSconner Evaluating; C= CreatRecommended Books and Learning Materials Primary Textbook 1. ICMAB. (2021). ICMAB Learning Manual for Cost Accounting. Recommended Textbook (Latest Edition) 4. Bhimani, A., Horngren, C. T., Datar, S, M., & Rajan, M. (2019). Management and cost accounting. (7 ed.). Pearson. a 2. Matz, A. & Usry, M. F. (1990). Cost accounting: Planning and control. (10° ed.) South-Western Publishing Company. . 3. Vanderbeck, E. J. (2012). Principles of cost accounting. (16" ed.). Cengage Learning. 4, Drury, C. (2017). Management and cost accounting. (10% ed.). Springer. . 5. Blocher, E. J., Chen, K. H., & Li, T. W. (2002). Cost management: A Strategic emphasis. (8* ed.). McGraw Hill International. Reference Books/Other Learning Materials (Latest Edition) . 4. M.Y. Khan & P. K. Jain (1999). Theory and problems of management and cost accounting. (Latest ed.). McGraw Hill Education. - 2. The Institute of Company Secretaries of India. (2020). Cost and management accounting. COA Course Mapping Prov 1, 2, 12, 15, 20, 23 Pr02 2,3 CLO2 3, 6,7,8,9, 10,12 P03 6 CLO3 4,5, 6,14, 16, 20, PrOg 2 CLO4 7,10, 11,13, 14, 17, 2¢ PrOs 1,6 CLOS 8,13, 15, 20, 21, Pr06 1 CLO6 7,9, 14, 37,18, 19, 21, 23, PrO7__4,5,6,7 CLO7 _ 24,25,26 Here, PrOs = Program Objectives; POs = Pillar Objectives; CLOs = Course Learning Outcomes; TLOS » Topic Learning Outcomes Ciao Scanned with GamSconner© ICMAB q | | Intermediate Financial Accounting (IFA) ein Code Marks FR222 | Corporate Reporting [FACR] level _—_ Accounting (II‘A) 7 I Syllabus Structure ‘The syllabus comprises the following main topics with the relative study weightings: jal accounting, Preparation of financial statements Accounting for Assets and Liabilities Course Description Intermediate Financial Accounting is the second of three courses designed for the Accounting and Corporate Reporting (FACR) pillar. It is designed to discuss the reporting. framework and ethics, basic issues related to measurement, reporting of financial statements and disclosure issues related to financial statements in conformity with IFRS. Also, the course provides information relating to revenue recognition and accounting for income tax. Course Objectives ‘The objective of the course is to provide students with a depth understanding of financial accounting issues. The course is designed to enable students to exercise appropriate judgment in selecting and presenting accounting information and provide students with an in-depth understanding of emerging financial accounting issues. Course Learning Outcomes On suecessful completion of this course, the student will be able to: . understand the accounting framework accommodating the ethical codes set by the IFAC for professional accountants; 2. describe the provisions and the underlying principles of different accounting standards; 3. account for assets and liabilities following the conceptual framework and the accounting standards; select and present information relating to revenue recognition; demonstrate accounting for income taxes, prepare and present information on the financial statements in conformity wit standards; and aan accounting 7. develop a reasoned argument for the familiar and unfamiliar problems relevant to financial statements. Uv ecede uneeruernses Scanned with GamScenner@ICMAB ‘A.Conceptual framework for financial accounting (Marks) B, Preparation of financial statements (Go Marks) ae eid ecis ones ethos: nega Eee naeees Scanned with GamScenner ale 30% Reporting and all abe: Accounting : eee Stadaeds fine Changes a die the | ‘A2.Conceptual | U,AP_ | + Conceptual a 70% framework and Framework Eile «Fundamental diferent parts Concepts; ofthe : + Elements ‘concept pace framework for, | . financial | i accounting, | serena | 4+ demonstra Disclosure Concepts; een | + Ethical and a | Professional Issues. profession | profesional | count piseot | WAP | Generalfeauresot | 5. caplainthe | 40% financial ust, purpose and statements + Strudureand detail | principles contents of financial underlying statements «+ Statementof 6 Financial Position; present the + Statement of Profit financial orlassand Other statements of ‘Comprehensive an entity none according to + Statement of its accounting Changes in Equity policies and | + Presentation, notes, appropriate and disclosure to the ui financial statements Ba cath How] U,AP,E | + CashHowStatement | 7 explainthe | 20% ‘Statement under direct and ‘purpose and inde methods; principle of + Cash Flow Statement 1AS7;, using the direct 8. prepare a Stalerent ofC. Accounting for “Assets and Liabilities (35 Marks) @ICMAB + Special problems in cash flows preparing 9. evaluate statement of cash special issues flows; in peeparing a + Interpretation of statement of Cash Flows cash flows Statement. u,ap | + ‘typesofaceounting | 10. describe 30% changes; ‘treatment for Performance and + Changes in accounting Related accounting poi changes; Jnformatien, + changesin estimates; | 1 explain the + Related Party purpose and Disclosures; disclosure ‘+ Non-Current assets provisions of held forsale and 1AS8,1AS 24, discontinued 1AS 33, JERS operations; sand JFRS8; + Operating Segments; 12 compute ‘+ Eamings per share, eee Bg. Other U,AP,E | + Recognition, 13, apply the 10% Reporting rmeasurement and accounting Aiselosure of and disclosure requirements . ofTAS 10 and + Contingent bilities; 1AS37; + Eventsafter the 14, contrast Reporting Period. between events after the reporting period that require adjustment and those that require disclosure only. jci.Current | U,AP,AN| + Reporting of cash 15. discusshow | 10% Assets and and cash equivalents, toreport cash Curren ‘+ Recognition and and related valuation of items; receivable; 16. explain the + Natureof Current valuation and Libilts; reporting of + Valuation and receivables reporting of Current and current Liab Tibilites. Meese Un Ellelg Scanned with GamScenner