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Business Administration Courses
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Accounting 351-Fundamentals of Accounting is designed to give the students an introduction to the concepts, methods and procedures of accounting. The subject matter includes the nature of accounts, the recording of transactions, primary books and procedures, and preparation and presentation of statements as existing in service or merchandising organizations. The emphasis is on accounting fundamentals involved in income statements and assets side of the balance sheet. 452-Financial Accounting deals
with the structure of accounting, classification of accounts, accounting
frame work and its impact on day to day recording events and financial
statements. Course work includes the use of work sheet, and the concept
and procedures of adjusting and reversing entries, preparation of classified
and incorporated income statements, problems of consolidation of financial
statements and special procedures of partnerships and corporate accounting.
Participants are introduced to the practical aspects of accounting in
Pakistan. 461-Cost Accounting delves into
advanced treatment of costs with particular emphasis on cost records and
their maintenance. It studies the treatment of material, labor and overhead
allocation, and development and installation of standard costing and budgetary
control system in an organization. Application of cost accounting in manufacturing
and non-manufacturing concerns is explored. 471-Laws of Taxation includes
a comprehensive coverage and treatment of taxes as related to business
profits, allowance and deduction, capital gains, depreciation problems
and reserves. A thorough study of Income Tax Ordinance, Sales Tax Act,
Wealth Tax Act etc. forms the core of this course. 472-Income Tax Accounting familiarizes
the student with the fundamentals of income taxation in Pakistan such
as the concept of taxable income and provisions of Income Tax as applicable
to various classes of taxpayers. Major emphasis is placed on the preparation
of income tax returns for individuals, partnerships and joint stock companies. 531-Auditing discusses the procedures
used by public accountants in the verification of financial statements
and other accounting data. It includes the legal responsibility and ethical
requirements of the profession and the related standards of professional
conduct. 561-Managerial Accounting is
designed to educate the student about the applications of accounting information
as a tool for solving business problems and for the purpose of prediction
and control. The emphasis in this course is on cost systems, break- even
analysis, profit planning and development of management outlook towards
the accounting process. 581-Advanced
Accounting gives advanced treatment to the contents, form and
interpretation of basic accounting statements and procedures involved
in accumulation of data. Current theories of revenue recognition and measurement,
cost concepts and methods of accounting valuation are also included. Attention
is also directed to financial statement practices in Pakistan in the light
of the recent development in accounting theories. Emphasis is laid upon
concepts and principles rather than upon techniques. 582-Analysis of Financial Statements
enables the student to read, analyze and interpret financial statements
of industrial and commercial business organizations in Pakistan. The basic
concepts and conventions applied to the construction of financial statements
is briefly viewed, particularly in respect of form F, which is the prescribed
form of the balance sheet as provided by the Companies Ordinance. Emphasis
is placed on the interpretation of financial data by means of comparative
statements, trend percentages, detailed analysis of working capital and
extensive use of various generally accepted ratios. Attention is directed
to special problems resulting from current accounting practices in Pakistan
and to limitations of statement analysis. 583-Seminar in Accounting deals
with specialized accounting topics such as accounting for mergers, acquisitions,
consolidated financial statement preparation and governmental accounting. |
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