Course Outline Sheet

Course Name
Text book
Name
Author/Edition
Soft wares
Reference
Class

Semester
Lectures
/week By
Subject Code

General Information
Financial Accounting
Accounting by Meigs & Meigs, Financial Accounting
(Part 1) by Gul Amir Malik

BBA

Email:
thisisusme@hotmail
.com

Book cover

Tel

1st
2 lectures
Subject Credit Hours

Course Description
This course is an introduction to the basic concepts and standards underlying
financial accounting systems. Several important concepts will be studied in detail,
including: revenue recognition, inventory, long-lived assets, present value, and long
term liabilities. The course emphasizes the construction of the basic financial
accounting statements - the income statement, balance sheet, and cash flow
statement - as well as their interpretation.

Grading Policy
1st Sessional marks ( Quiz+ Assignment+case
study)
2nd Sessional marks ( Quiz+ Assignment+case
study)
Mid term
3rd Sessional marks ( Quiz+
Assignment+presentation/project)
Final Term
Total
Passing Marks

10
10
20
10
50
100
55

Course Syllabus

Week
1st Week

Lectur
e
1st

Topic
Accounting meaning,

Chapte
r

Remar
ks

Lecture
2nd
Lecture

2nd Week

3rd Week

4th Week

5th Week

6th Week

7th Week

8th Week

9th Week

10th Week

11th Week

1st
Lecture
2nd
Lecture
1st
Lecture
2nd
Lecture
1st
Lecture
2nd
Lecture
1st
Lecture
2nd
Lecture
1st
Lecture
2nd
Lecture
1st
Lecture
2nd
Lecture
1st
Lecture
2nd
Lecture
1st
Lecture
2nd
Lecture
1st
Lecture
2nd
Lecture
1st

components of accounting,
types of accounting.
Users of accounting
information, types of
accounts and terminology
of accounting
Accounting cycle,
introduction to financial
statements.
Arrangement of elements of
financial statements.
accounting equation
practical based on
accounting equation
practical based on
accounting equation and
Balance sheet
Quiz 01
Accounting Assumptions
Accounting Assumptions
left.
Rules of Journal Entries &
Double entry system.
Practical based on journal.
Practical based on journal.
Introduction of ledger
accounts, rules of ledger
accounting.
practical based on posting
into ledger
Quiz 02
practical based on posting
into ledger
trial balance-theory
Practicals numerical in trial
balance
Practicals numerical in trial
balance
Concept of adjusting entry

Lecture
2nd
Lecture
12th Week

13th Week

1st
Lecture
2nd
Lecture
1st
Lecture
2nd
Lecture

14th Week

15th Week

16th Week

1st
Lecture
2nd
Lecture
1st
Lecture
2nd
Lecture
1st
Lecture
2nd
Lecture

(need and logic)

Different adjusting entry
problems (accrued &
prepaid)
Numerical on adjusting
entries
Numerical on adjusting
entries
income statement and
balance sheet
classifications
operating expenses, non
operating expense,
operating income and nonoperating incomes and their
treatment in income
statement
preparation of income
statement-practical *net
profit/net loss)
Preparation of balance
sheet-practical
Closing entries in
accounting cycle
Practical practice numerical
in closing entries.
Presentations
Presentations

Terminal Examination