POSTGRADUATE DIPLOMA IN BUSINESS AND FINANCE - 2013/2014
Semester I
Title of the Course : Principles of Financial and Cost Accounting
Name of the Lecturer : Nadeeshani Dissanayake B.Sc. accounting (sp), first class, ACA,
ACMA, CPA (Aust)
Contact Hours : 32
Pedagogical Methods:
• Class room teaching
• Group works
Content of the Course:
Session Topic Learning
1
2
3
4
5
Framework for preparation and presentation of financial statements
Components of financial statements
Elements of Financial Statements
Underlying principles and qualitative characteristics
Inventories
Property Plant and Equipment and Depreciation
Changes in Accounting Policies, Exceptional & Extraordinary items, Errors
Contingencies, Events after the date of the statement of financial position
Taxation including basic concept of deferred taxation
Current and non-current assets
Borrowing Costs
Leases
Foreign currency transactions
Retirement benefits and share based payments
Impairment
Due dates
29/ 08/ 2013
05/09/ 2013
12/09/2013
19/09/2013
Mid semester exam
26/09/2013

6 Preparation of financial statements of a listed company including
Formats of financial statements
Requirements of Companies Act and CSE/SEC Regulations
03/10/2013
7 Preparation of financial statements of a listed company including
Formats of financial statements
Requirements of Companies Act and CSE/SEC Regulations
10/10/2013
Mid semester exam
8 Preparation of financial statements of a listed company including
Formats of financial statements
Requirements of Companies Act and CSE/SEC Regulations
17/10/2013
9 Basic principles of Consolidation including treatment of associates and joint ventures
24/10/2013
Mid semester exam
10 Principles of Cost Accounting
Cost Behaviour - Fixed, Variable and Semi variable costs
Analysis of Overheads - direct and indirect
31/10/2013
11 Overhead allocation, apportionment and absorption
Marginal Costing and product mix
07/11/2013
12
13
Revision and past paper discussion
Revision and past paper discussion
14/11/2013
21/11/2013
Evaluation:
End-of-Semester Examination 70%
Continuous Assessments 30% ( 3 quizzes, 10% each – MCQs and short answer questions)
End-of-Semester Examination: Closed book 3-hour examination paper with 5 questions to be answered out of 6 questions.
Additional Readings:
Sri Lanka Accounting Standards
Cost and Management accounting , Colin Drury, 7 th Edition