NAVEED ANJUM

FINANCIAL ACCOUNTING
WEEK-1
 Accounting: information for
decision making

 Accounting information
 Accounting systems
 Decision making by external parties
 Decision making by internal parties
WEEK-2
 Basic financial statements
 Introduction to financial statements
 Statements of financial position

 Income statement
 Statement of cash flows
 Use of financial statements by outsiders
 Assignment
Week-(3-4)
 The accounting Cycle: Capturing Economic
Events
 The ledger
 Debit and credit entries
 Recording transactions in ledger accounts
 The Journal
 What is net Income?
 Accounting Cycle
 The Trial balance
 Adjusting Entries
 Preparing financial statements
 Assignment
Week -5
 TheAccounting cycle: preparing an
annual report
 Prepare annual report
 Adjusting entries
 Preparing the statements
Week-6
 Accounting for Merchandising Activities
 Merchandising companies
 Operating cycle of a merchandising
company
 Income statement of a merchandising
company
 Accounting information for merchandising
company
 Perpetual inventory systems
 Periodic inventory systems
 Modifying an accounting system
 Transactions relating to purchases
 Transactions relating to sales
Week -7
 Forms of Business Organization
 Sole proprietorships
 Partnerships

 Corporations

Week (8-9)
 Financial assets
 Cash
 Shortterm investments
 Accounts receivable
 Uncollectible accounts
 Doubtful accounts
 Uncollectible receivable
 Recovery of accounts receivables
 Credit card sales
 Notes receivables and interest charges
 Purchases of marketable securities to market
value
 Reporting transactions in the financial
statements

Week -10
 Inventories and the cost of Good sold
 Introduction
 The flow of inventory costs
 Methods of inventory
 Taking a physical inventory
 Evaluating the liquidity of inventory
 Inventory turnover rate
Week -11
 Plant assets and depreciation
 Acquisitions of plant assets
 Depreciation

 Method of Depreciation
 Disposal of plant and equipment
 Intangible assets


Week -12
 Liabilities
 The nature of liabilities
 Current liabilities
 Long term liabilities

 Special types of liabilities


week -13
 Stockholders Equity: Paid in capital
 Corporations
 Formation of a corporation
 Paid in capital of a corporation
 Market Value
 Preferred stock
 Common stock
 Book value and market price
 Stock splits
 Treasury stock , recording purchases of
treasury stock

Week -14
 Incomeand changes in Retained
Earnings
 Reporting the result of operations
 EPS

 OtherTransactions affecting retained

earnings
 Cash dividends
 Dividend dated
 Liquidation dividends
 Stock dividends
 Statement of retained earnings
 Prior period adjustments

Week 15-16
 Statement of cash flows
 Purpose of the statement
 Classification of cash flows

 Preparing a statement of cash flows

 Operating activities
 Investing activities

 Financing activities

 Cash and cash equivalents

 Managing Cash flows



end