Paper- 5 : FINANCIAL ACCOUNTING
Syllabus Structure:
The syllabus comprises the following topics and study weightage
A- Generally Accepted Accounting Principles & Accounting Systems: 10%
B- Preparation of Accounts: 30%
C- Control of Accounting Systems: 10%
D- Accounting in Service Sectors: 10%
E- Accounting for Special Transactions: 20%
F- Accounting for Banking, Electricity and Insurance Companies: 20%
ASSESSMENT STRATEGY:
There will be written examination paper of three hours
OBJECTIVES:
To gain understanding and to provide working knowledge of accounting concepts, detailed
procedures and documentation involved in financial accounting system.
Learning Aims:
The syllabus aims to test the student’s ability to:
- Understand the framework of accounting systems and the Generally Accepted Accounting Principles.
- Prepare necessary financial statements related to different business entities
- Construct financial statements for understandability and relevance of stakeholders
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