Course Outline (Provided by IU)
Course Outline by Instructor (Revised for Better understanding of Students studying first time under Semester System)
Grade Sheet for Sessional Marks
Final Grades - Tuesday Session
Recommended Text Books
PDF Availability: Courtesy of Dr. Ali Raza, IQRA University :)
Reference Book as Additional Source
Week 1 / Session 1
Definition; Subject Matter; Heads of Account; Accounting Equation
Supporting Slides - Chapter # 1
Lecture # 1 - Accounting Equation
Week 2 / Session 2
Accounting Cycle Overview
Effect of Transactions on Accounting Heads
Debit and Credit Rules for All heads of Account
Business Transaction for Service Business and Trading Business
Supporting Slides - Accounting Cycle Capturing Economic Events
Supporting Slides - Journalizing the Transaction
Quiz1 Instructions (Expected Week 3)
For Quiz1, mostly content from Week 1 and Week 2; Especially, one should be able to identify effect of transaction on Accounting Equation as well as should be able to identify Debit and Credit; Expected Duration 15-20 minutes for Quiz or less
HW1 Instructions (Submission: Week4)
In HW Requirement will be as follow:
Question 1 : to show the effect of transaction on Accounting Equation
Question 2: to prepare General Journal (Skeleton or Standard Form any 1 from both)
Question 3: to prepare General ledger and Trial balance of the same GJ Question.
See Instruction of Homework # 1 in Week 4
Week 3/Session 3
Review + Transactions of Trading Business
Quiz 1
General Ledger and Trial Balance - Skeleton Form
Week 4/ Session 4
See Instruction of Homework # 1
Submission of HW # 1: Session 4
Grades of Quiz 1 : Sunday Section; Tuesday Section
Topic
Adjusting Entries and Adjusting Trial Balance
Supporting Slides: Chapter # 4: Adjustments
Supporting Slides: Lecture # 4: Adjusting entries - Accruals and Advances
Week 4 and 5 Learning Material
Week 5 / Session 5
Grades for HW1; Tuesday Section, Sunday Section
PQ for Adjustment - Service Business
Supporting Slides: Chapter 5A: Financial Statement of Service business
Supporting Slides: Chapter 5B: Introduction to Financial Statement and Closing Entries
Week 6 Announcements
Quiz # 2 in Week 6; from adjustment and financial statement of service business
HW # 2 in Week 6: Instruction will be uploaded till Wednesday(Expected Requirement; 7-8 adjusting entries; adjusted trial balancce; income statement and balance sheet of service business)
Week 6 / Session 6
Format of Income Statement - Trading Business
PQ for Financial Statement - Trading Business
Supporting Slides: Chapter 5: Financial Statement of Trading Business
Week 7 / Session 7
Midterm Exams
Grades till Quiz 2: Sunday Section, Tuesday Section
Midterm Exam
Consultation Time for Midterm:
Sunday Session:
By Appointment only (Via Email): Saturday: from 5:30-6:30 (Lab or Library at GI)
Last Minutes Queries (Without Appointment) : Sunday from 11:00 to 11:45
Tuesday Session;
By Appointment only: Tuesday from 4:30 to 6:00 (Lab or Library)
Week 8 / Session 8
Midterm Grades: Sunday Session; Tuesday Session
Accounting for Fixed Assets
Capital Expenditures and Revenue Expenditures
Depreciation: Methods of Depreciation
Disposal and Exchange of Assets
Supporting Slides for Depreciation
PQs for Accounting of Fixed Assets
Week 9-10 / Session 9-10
Accounting for Corporations
Supporting Slides for Corporation
Week 9/10/11 Learning Material
Situation of Issuance of Shares
Quiz 3 in Week 10; Topic Accounting for Fixed Assets
Week 11
Company Accounting
Statement of Retained Earnings
PQs from Weekly Learning Material only
GradeSheet - Till Quiz3; Sunday Section; Tuesday Section
Week 12
Statement of Retained Earnings
format - Statement of Cash Flows
Smart Board Material - Week 12 A
Smart Board Material - Week 12B
Week 13
Lecture 12/13 - Cash Flow Statement
Week 12 Learning Material - Cash Flow
Homework # 3 and Quiz 4 Instructions
Smart Board Material - Week 13
Week 14
Quiz 4
Smart Board Material - Week 14
Week 15
Review and Sessional Marks