This document outlines the course contents for Financial Accounting (MBA-1). The purpose of the course is to orient students to accounting as a management information system. It is designed for those with a basic understanding of accounting principles. The course covers topics such as the accounting equation, accounting cycle, adjustments, financial statements, cash management, and corporations. Students will learn about accounting standards and develop analytical and critical thinking skills for business. The detailed contents list 15 topics to be discussed over the course, including introduction to GAAP, accounting cycle, cash flow statements, uncollectible receivables, bonds, and corporate accounting.

1. BAHRIA UNIVERSITY
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FINANCIAL ACCOUNTING (MBA- 1)
Course Contents
Course Description:
The purpose of the course is to orient the students to accounting as a
management information system.
The course is designed at intermediate level in accounting having studied
principles of accounting and understands the basic accounting mechanism-
accounting cycle.
Learning Objectives: -
After studying this course you would be able to understand and prepare:-
• understand the purpose of accounting and the uses and limitations
of accounting information,
• possess enhanced analytical, communication, inter-personal, and
critical-thinking skills for success in the world of business, and
• understand the global perspective of accounting.
Course Contents:-
• Introduction to GAAP
• Accounting Equation
• Accounting Cycle i.e. Journal, Ledger and Trial Balance
• Adjustments
• Work Sheet
• Financial Statements
• Cash Management
• Cash flow statement
• Uncollectible Receivables
• Long-term liabilities
• Short Term Liabilities
• Corporations

2. Detailed Contents:
Topic # Discussion Topics
#01 Introduction of the subject. Discussion of the course out line
GAAP
Introduction of GAAP i.e. concept of entity, going-concern
#02 assumption, time period, cost principle, matching and accrual
concern, maternity and conservatism
Accounting The concept of Accounting Equation i.e. Assets, Liabilities and
Equation Owners Equity
Concept of ledgers books and ledger pages
#03 Postings to ledgers
Continuation of ledger
Accounting
Cycle
Ledgers Balancing of ledger accounts
Journal
Trial Balance
General Journal maintenance
Trial Balance
Explanation of the purpose of the adjusting entries. Types of
#04 adjusting entries.
Adjusting Recording unrecorded expenses and revenues. Concept of
Entries materiality
A comprehensive problem of Adjusting entries
#05 The statement of Owners Equity and the concept of closing
entries. Preparation of closing entries
Work Sheet A comprehensive problem with the complete accounting cycle
Discussion upon Complete Accounting Cycle and its steps.
Introduction of a worksheet and discussion on its importance
A comprehensive problem from the Book for the Work Sheet
preparation
Practice questions
Bank Reconciliation Statement
#06

3. Cash Practice questions
Management
Revision
MID TERM
Preparation of cash flow statements under:
# 07 $ 08
Direct method
Cash Flow
Indirect method
statements
Introduction To Uncollectible Accounts
# 09
Uncollectable
Receivables
Introduction to corporate bonds,
# 10 $ 11 Characteristics of bonds
Bonds Accounting for bond issuing at par
Issuance Of Issuance of bonds at premium and at discount
Bonds Issuance of bonds in between the interest dates
Interest Accrual calculation of bond interest
Amortization of bond premium and discount
Retirement of bond
Amortization Problem solutions
Of Interest
Accounts payable
# 12 Notes payable
Liabilities Accrued liabilities and unearned revenue
Formation of companies: Memorandum and articles of association.
# 13 Capital structure, public offering, underwriting, SECP approval
Corporation etc.
Types Of Various classes of shares,
Shares Authorization and issuance of capital stock
# 14 Issuance of shares at par, Issuance of shares at discount and
Issuance of premium, Recording the purchase of treasury stock, Re-issuance
Shares of treasury stock

4. Dividends Declaration and payment of dividends
# 15 Share value, book value, par value, market value
Value of Preparation of equity section
Shares Practical problems
Final Term