This document provides information about coaching classes offered by Khalid Aziz in Karachi, Pakistan. It lists the various qualifications and subjects covered, including commerce degrees, ACCA, CAT, ICAP, and O/A levels. Contact information is provided to join the classes, which claim to complete syllabi in 3 months and have over 12 years of experience. Coaching is offered for subjects like accounting, economics, business studies, and others. 100% results are claimed for 2011-2012.

2.  COACHING CLASSES FOR COMMERCE STUDENTS:
INTER COMMERCE
1ST YEAR 2ND YEAR
ACCOUNTING
BUSINESS MATHS STATISTICS
 ECONOMICS BANKING
B.COM classes
PART 1 ACCOUNTING, ECONOMICS & STATISTICS .
PART 2 ADVANCED ACCOUNTING
O LEVELS
ACCOUNTS, ECONOMICS, BUSINESS
STUDIES, PAKISTAN STUDIES & URDU.
ICMAP STAGE 1,2,3,4
PIPFA
ICAP MODULE B & D
CAT T1-T8
ACCA F1,F2,F3,F5,F8,P1,P7
MA-ECONOMICS
100 % RESULT IN 2011-2012
KHALID AZIZ
0322-3385752
R1173, ALNOOR SOCIETY, BLOCK 19, POWER
HOUSE, F.B.AREA, KARACHI.

3.  JOIN SIR KHALID
 EXPERIENCE OF OVER 12 YEARS
 COACHING CLASSES FOR O/As/A LEVELs
 ACCOUNTS, COMMERCE,BUSINESS
STUDIES, ECONOMICS,URDU &
PAK.STUDIES.
 CONCEPTUAL LEARNING
 COMPLETE PAST PAPERS
 CONTACT NOW:
 0322-3385752
 KARACHI
 http://o-levels-pk.blogspot.com/

7.  PIPFA STUDENTS
 INTERMEDIATE
 FINANCIAL ACCOUNTING
 PERFORMANCE MEASUREMENT
 COMPLETION OF SYLLABUS IN 3 MONTH
 JOIN KHALID AZIZ
 0322*3385752
 R1173-ALNOOR SOCIETY BLOCK 19
F.B.AREA-KARACHI.

8.  ICAP STUDENTS
 MODULE A QT
 MODULE B FINANCIAL ACCOUNTING
 BUSINESS ECONOMICS
 MODULE D COST ACCOUNTING
 COMPLETION OF SYLLABUS IN 3 MONTHS
 JOIN KHALID AZIZ
 0322*3385752
 R1173, ALNOOR SOCIETY, BLOCK 19. F.B.AREA, KARACHI.

9.  PREVIOUS
 MICRO ECONOMICS & STATISTICS
 FINAL
 MACRO ECONOMICS

10.  ACCOUNTING, ECONOMICS, BUSINESS
STUDIES, URDU & PAK STUDIES
INTER COMMERCE
 1ST YEAR ACCOUNTING, BUSINESS MATHS
& ECONOMICS.
 2ND YEAR ACCOUNTING & STATISTICS

11.  PART 1 ACCOUNTING, STATISTICS &
ECONOMICS.
 PART 2 ADVANCED & COST
ACCOUNTING, BUSINESS LAW, AUDITING
& TAX.

12. • IFRS 7 sets out disclosures of financial instruments
• The presentation, recognition and measurement of
financial instruments are the subjects of
• IAS 32 Financial Instruments: Presentation
• IAS 39 Financial Instruments: Recognition and
Measurement
• IFRS 9 Financial Instruments (being developed in
phases) is intended to ultimately replace IAS 39.
© IFRS Foundation | 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org
12

13. Information that enables users to evaluate the
significance of financial instruments for the entity’s
financial position and financial performance.
• Information (qualitative and quantitative) that enables
users to evaluate
• the nature and extent of risks arising from
financial instruments to which the entity is
exposed at the end of the reporting period.
• including information about how the entity
manages its exposure to those financial risks.
© IFRS Foundation | 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org
13

14. • Qualitative information about exposure to risks
arising from financial instruments.
• The disclosures describe management’s
objectives, policies and processes for managing those
risks
© IFRS Foundation | 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org
14

15. • Quantitative information about exposure to risks
arising from financial instruments, including specified
minimum disclosures about
• credit risk,
• liquidity risk and
• market risk.
• These disclosures provide information about the
extent to which the entity is exposed to risk, based on
information provided internally to the entity’s key
management personnel.
© IFRS Foundation | 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org
15

16.  The IFRS for SMEs requires less detailed
disclosure of financial instruments.
© IFRS Foundation | 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org
16

17. • Qualitative and quantitative information to evaluate
the nature and extent of the entity’s exposure to and
management of risks arising from financial
instruments, including:
• amounts that best represent maximum exposure
to credit risk.
• sensitivity analysis for each type of market risk
showing how profit or loss and equity would have
been affected by changes in relevant variables that
are reasonably possible.
© IFRS Foundation | 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org
17

18. • Fair value information is required to be provided for
all financial assets and liabilities (with limited
exceptions) irrespective of whether they are carried at
FV.
© IFRS Foundation | 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org
18

19. International Financial Reporting Standards
The views expressed in this presentation are those of the
presenter, not necessarily those of the IASB or IFRS Foundation
© IFRS Foundation | 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org

20. • Respond to comments:
• preparers: Cost-benefit – scope, class vs. counterparty,
existing disclosure requirements
• investors: Need for information about gross and net
exposures
• Provide information about exposures in normal course and in
times of stress
• Don’t reconcile IFRSs and US GAAP but allow entities to be
compared on a like basis
© IFRS Foundation | 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org
20

21. • Proposed disclosure:
Gross amounts Gross amounts Net amounts Other amounts Net amounts
before set off presented in scope but
offsetting in balance not set off in
sheet balance sheet
(A) (B) (C) (D) (E)
[same for [depends on [depends on [depends on [same for
all preparers] offsetting model] offsetting model] offsetting model] all preparers]
© IFRS Foundation | 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org
21

22. Assume an entity has a recognised derivative asset with a fair
value of 100 and a recognised derivative liability with a fair
value of 80 that meet the criteria for offsetting. The entity has
another derivative liability with a fair value of 10 and cash
collateral of 20 that do not meet the criteria for offsetting.
The financial assets would be disclosed as follows:
a. b. c. d. e.
Financial assets Gross carrying Gross Net amount presented in Amounts available to be offset (but Net exposure
amounts (before amounts statement of financial not set off in stmt of financial (c-d)
offsetting) offset position position)
(a-b) (ie in bankruptcy or default)
Category Financial Cash collateral
instruments
Derivatives 100 (80) 20 (10) 10 -
© IFRS Foundation | 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org
22

23. Same example Assume an entity has a recognised derivative
asset with a fair value of 100 and a recognised derivative liability
with a fair value of 80 that meet the criteria for offsetting. The
entity has another derivative liability with a fair value of 10 and
cash collateral of 20 that do not meet the criteria for offsetting.
The financial liabilities would be disclosed as follows:
a. b. c. d. e.
Financial Gross carrying Gross Net amount presented in Amounts available to be offset (but Net exposure
liabilities amounts (before amounts statement of financial not set off in stmt of financial (c-d)
offsetting) offset position position)
(a-b) (ie in bankruptcy or default)
Category Financial Cash collateral
instruments
Derivatives 90 (80) 10 - 10 -
© IFRS Foundation | 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org
23

24.  Comments received highlighted inconsistencies in
the application of the offsetting requirements in IAS
32
 In December 2011, the IASB separately clarified the
application of the offsetting criteria in IAS 32:
 Legally enforceable right of set-off:
 The normal course of business;
 The event of default; and
 The event of insolvency or bankruptcy
 Some gross settlement systems are considered
equivalent to net settlement if they eliminate or result
in insignificant credit and liquidity risk and process
receivables and payables in a single settlement process
or cycle.
© IFRS Foundation | 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org
24

25. Expressions of individual
views by members of the IASB
and its staff are encouraged.
The views expressed in this
presentation are those of the
presenter.
Official positions of the IASB
on accounting matters are
determined only after
extensive due process and
deliberation.
© IFRS Foundation | 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org
25

26. 26
The requirements are set out in International
Financial Reporting Standards (IFRSs), as issued
by the IASB at 1 January 2012 with an effective
date after 1 January 2012 but not the IFRSs they
will replace.
The IFRS Foundation, the authors, the presenters
and the publishers do not accept responsibility for
loss caused to any person who acts or refrains
from acting in reliance on the material in this
PowerPoint presentation, whether such loss is
caused by negligence or otherwise.
© IFRS Foundation | 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org