Course Outline Sheet

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

Semester
Lectures
/week By
Subject Code

General Information
Financial Accounting II
Accounting by Meigs & Meigs
Financial Accounting by Gul Amir Malik

BBA

Email:
thisisusme@hotmail
.com

Book cover

Tel

2nd
2 lectures
Subject Credit Hours

Course Description

This course is a detailed examination of inventory calculations methods like LIFO, FIFO,
Average methods etc. Additionally discusses in detail plant assets and their depreciation method,
liabilities and types of liabilities and the owner equity.
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
Lecture

Topic
Financial Assets, Real Assets,
Different Financial Assets like
marketable securities, Valuation of

Chapte
r
7

Remar
ks

nd

2
Lecture
2nd Week

1st
Lecture
2nd
Lecture

3rd Week

4th Week

5th Week

6th Week

7th Week

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

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

2nd
Lecture
8th Week

th

9 Week

th

10 Week

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

cash, MS & AR.

Cash MGT, Cash equivalents,
restricted cash, line of credit, Used
and unused LOC.
Bank Statement, Cash Book, Bank
reconciliation statement,
outstanding checks.
Deposit in transit, interest earned,
not sufficient funds, misc. charges,
services charges, bank and
customer errors.
Numerical problems practice

Numerical problems practice

Numerical problems practice

Inventory, accounting for

inventory, perpetual and periodic
inventory systems, specific
identification method.
Cost flow assumption, FIFO, LIFO
and Avg. Costing.
Numerical problems on Average
costing.
Numerical problems on FIFO.

Numerical problems on LIFO.

Introduction of depreciation,
Tangible Intangible & natural
resource assets, Accumulation of
cost of asset.
SML (straight) concept +
numerical.
SML (FOY) concept + numerical.
SML (HYC) concept + numerical.

MACRS concept + practice

problems.
Unit of Output concept + practice
problems.
Sum of years digit + practice
problems.
Double declining method.

8
8
8

9
9
9
9

th

11 Week

Lecture
2nd
Lecture
1st
Lecture

2nd
Lecture
th

12 Week

th

13 Week

th

14 Week

th

15 Week

16th Week

st

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

Double declining method with

adjustments
Liabilities accounting, AP, NP and
its accounting, accrued liabilities,
payroll liabilities. Unearned
revenue.
Bonds and types, Operating lease
and capital lease. Introductory
concept of amortization.
Practices problems based on
liabilities.
Practice problems (AMT and NP)
liabilities.
Practice problems (AMT and NP)
liabilities
Corporation, advantages &
disadvantages.
Common stock and its features.
Preferred stock and its features.
Shareholder equity terms and
format.
Practice problems on preparation
of SHE section (chapter 11)
Practice problems on preparation
of SHE section
Presentations

10

10
10
10
10
11
11
11
11
11
11

Terminal Examination
NOTE: The three Quizzes allocation is not done in syllabus. Also presentations had
been assigned for just one lectures (1.5 hrs).