Quality Management System
Title Course Outline
Doc ID F 8.3 C
Date of Issue 30-1-2018
Revision No. 0
A. Standard Course Description
Title of Course
Course Code
School
Prerequisites
Accounting II
ACC1020
LBS
-
Credit Hours
Program
3
BBA
B. Semester Description
Semester
Course
Schedule
Faculty
II
Monday,
Tuesday
Year
Time
2018
09:30-11:00
Ammarah
Chaudhry
Email
ammarah.chaudhary@lbs.uol.edu.pk
Counselling
Hours
Admin Officer
3:00-5:00
Place
LBS Department
Qasim
Email
Qasim.riaz@lbs.uol.edu.pk
C. Course Synopsis
Accounting II course is revisits topics covered in Introductory Accounting I. The course also
covers revenue and expense recognition issues, and generally accepted accounting principles
that affect the format and presentation of the financial statements. Whilst a large proportion
of the course is aimed at understanding accounting as a process, taking a preparers’
perspective. This course views the accounting function as an essential and powerful activity
in the business environment.
D. Course Objectives
At the end of this course, the students will be able to:



Explain fundamental accounting concepts, and basic accounting vocabulary
Explain the use of accounting information
Explain and use the accounting equation in basic financial analysis and explain how
the equation is related to the financial statements
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Quality Management System
Title Course Outline
Doc ID F 8.3 C
Date of Issue 30-1-2018


Revision No. 0
Prepare basic entries for business transactions and present the data in an accurate and
meaningful manner
Prepare basic financial statements, the elements of financial statements, and explain the
articulation between the basic statements.
E.
Recommended Text and Other Readings

Robert F. Meigs, Mary A. Meigs, Accounting: The Basics of business decision, Latest
Edition.

Financial Accounting (Latest Edition) by Sohail Afzal and Arif Ch.
F.
Student Evaluation Methods
S. No
1
2
3
4
5
6
Total
Evaluation Method
Assignments
Quizzes
Class Participation
Project
Mid Term Exam
Final Term Exam
Weight
5
10
5
15
25
40
100
Mid Term Exam Duration:
90 mints.
Final Exam Duration:
120 mints.
G. Schedule of Activities
Week
1
Topic
Accounting Cycle and Financial Reporting
2
A Brief Review of Accounting I
Work Sheet
3
Journalizing and posting closing entries
4
5
Cash Book and It Types
Bank Reconciliation Statement
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Quality Management System
Title Course Outline
Doc ID F 8.3 C
Date of Issue 30-1-2018
6
Revision No. 0
Cash Flow Statement
Cash Flow Statement
7



Operating Activity
Investing Activity
Financing Activity
8
MID TERM EXAM
9
Depreciation, Provisions and Reserves
10
Methods of Depreciation
11
Capital and Revenue
12
Ratio Analysis
13
Project on Ratio Analysis
Case Study on Innovation in Accounting
14
15
16
Source: www.fao.org/docrep/019/13468e/13468e.pdf
Presentation
FINAL TERM EXAM
H. Additional Information (if any)
__________________
Course Instructor
_________________
Head of Department
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