KINNAIRD COLLEGE FOR WOMEN

ACCOUNTING AND FINANCE DEPARTMENT

Course: Advanced Corporate Financial Reporting Credit Hours: 03

Instructor: Anam Tariq Course Code: BAF 311

Course Description:
This course introduces students to special topics related to financial reporting with emphasis on
recognition and measurement of assets and liabilities. It focuses on the analysis of a range if
contemporary accounting issues within theoretical frameworks such as agency theory and from
the perspective of the conceptual framework used in setting accounting standards. This course
comprehensively covers international financial reporting standards relevant to reporting
problems.
Course Aims:
The primary objectives of the course are to provide students with:

 Knowledge of and practice in using the theoretical frameworks applied in addressing

financial reporting issues;
 Awareness of and experience in applying the international standards that deal with the
specific industries and financial statements items;
 An appreciation of the conceptual strengths and weaknesses of required accounting
methods and the determinants of the choices made by directors and managers; and
 A capacity to critically evaluate controversial issues in external reporting and contribute
to debates on usefulness and value relevance of financial reporting.

Students Learning Outcomes:

This course is intended to extend students knowledge of accounting by examining particular,

specialized accounting issues. By the end of the course, students will be able to;

 Have a working knowledge of alternative perspectives on the theorization of accounting

practice;
 Be able to exhibit technical competence in the relevant areas of accounting where
measurement and recognition judgments need to be made;
 Be able to articulate measurement issues related to the covered topics; and
 Be able to locate and implement the disclosure requirements related to the covered topics.
Course Schedule:

Lecturer # Topics Class Activity

1-3
 Revision of basic concepts of Financial
Accounting
 A conceptual framework of Financial
 Reporting Accounting for Financial
Instruments
4-5 Presentation of Financial Statements (Based on Assignment 1
IAS/IFRS)
 Going Concern
 Reporting Period
 Disclosures about Dividends
 Analyzing and interpreting Financial
Statements
6 Borrowing Costs
7-11 Employee Benefit Quiz 1
Assignment 2
12-16 Inventory Quiz 2
Statement of Cash Flows
Mid Term Examination
17 Discussion on Mid Term
18-21 Risk Analysis Assignment 3
22-26 Profitability Analysis Quiz 3
27-29 The Effects of Changes in Foreign Exchange Assignment 4
Rates Quiz 4
Earning Based Approaches
30-31 Final Project Presentations
32 Final Term Examination
Grading Criteria:

Attendance 5%
Class Participation 5%
Assignments 10%
Quizzes 10%
Projects/Case Studies 10%
Mid Term 25%
Final Term 35%
Attendance:
You are expected to regularly attend classes. These form an integrated presentation of topics,
with each week drawing and building upon the work of previous weeks. Failing to keep up to
date with the material will place you at a significant disadvantage.
Course Resources:
 Financial Reporting and Statement Analysis: A Strategic Perspective, Fifth Edition,
Stickney-Brown-Wahlen