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Testing Course

Prepare and analyze financial information of a business to develop sound managerial decisions relating to Corporate Finance, including the valuation of securities, working capital management, and short term financing

Financial Reporting by Mr. Sajid Shafiq

On the successful completion of this paper candidates will be able to: 

1- prepare statement of changes in equity and statement of cash flows (other than consolidated statement of cash Flow) in accordance with specified international pronouncements. 

2- interpret and evaluate the financial statement with the help of ratio analysis. 

3- prepare income and expenditure account, accounts from incomplete records and manufacturing account. 

4- understand the requirements for recognition and measurement of the elements of financial statements and concepts of capital and capital maintenance. 

5- account for transactions related to property, plant and equipment in accordance with international pronouncements. 

6- account for transactions related to government grants and provide disclosures for the same in accordance with international pronouncements. 

7- account for transactions related to impairment of assets (other than cash generating units), investment property and financing of assets in accordance with international pronouncements 

8- understand the nature of revenue and account for the same in accordance with international pronouncements.