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Luqman Rafiq MSA 1 - Financial Reporting and Assurance – Professional Competence Prepare anywhere, anytime and, at your own pace. December 2020

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What you'll be learning in this course

PKR 17,920

24 Feb 2020 - 31 Dec 2020

This course includes

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Course Content

40 chapters

201 lectures

1 Introduction

1 Intro + TH Engineering P1 Preview

2 TH Engineering P2 Preview

2 IFRS 8 Operating Segments

1 IFRS 8 - Introduction Preview

2 Scope of IFRS 8 Preview

3 Definition of Operating Segment Preview

4 Reportable Segment Preview

5 Disclosure Requirements of IFRS 8 Preview

3 IFRS 16 - Leases

1 Introduction to Lease

2 Scope of IFRS 16

3 Introduction to Lessee Accounting

4 Initial Measurement of ROU

5 Initial Measurement of Lease Liability

6 Accounting Entry for Initial Recognition

7 Subsequent Measurement of ROU

8 Subsequent Measurement of Lease Liability

9 PQ on Lessee Accounting

10 Determining Lease Term

11 Exemptions to ROU Accounting

12 Introduction to Lessor Accounting

13 Finance Lease Accounting by Lessor

14 Establishing Interest Rate Implicit in the Lease

15 Accounting for Operating Lease

16 Manufacturer or Dealer Lessor

4 IAS 19 Employee Benefits

1 Introduction to Employee Benefits

2 Concept of Fund

3 Types of Post Employement Benefit Schemes

4 Accounting for Defined Contribution Plan

5 Projected Unit Credit Method

6 Accounting for Defined Benefit Plan

7 Service Cost

8 Assumptions in Defined Benefit Plan Workings

9 Asset Cieling Test

10 Interactive Test 2

11 Self Test Questions

5 IFRS 2 Share Based Payment Transactions

1 Introduction to IFRS 2

2 Types of Share based Payment Transactions

3 Scope of IFRS 2

4 Accounting for Equity Settled Share Based Payment Transactions

5 Which Date Fair Value to be Used

6 Conditional and Unconditional Grant

7 Vesting Conditions

8 IG 1A - Basic Accounting for Equity Settled Transaction

9 IG 1A - Basic Accounting for Equity Settled Transaction - Employee Departure

10 IG 2 - Length of the Vesting Period Varies

11 IG 3Grant in which Equity Instruments Vary

12 IG 4Grant in which Excercise Price Varies

13 IG 5Tratment of Market Condition

14 IG 6Market Condition when Length of Vesting Period Varies

15 Modification Cancellations & Settlements

16 IG 7 Modification leading to increased Benefits

17 IG 8 Modification Leading to reduced Benefits

18 Treatment of Vested Options

18A Cash Settled Share Based Payment Transactions

19 IG 12 Cash Settled Transaction

20 Transactions that can be settled either in cash or Equity- Choice with Entity

21B - Choice with Counterparty

22 IG 13 Transaction in either cash or equity

6 Group Accounts

1 Group Accounts - Accounting Standards Overview

2 IAS 27 & IFRS 10

3 IFRS 3 - Application

4 IFRS 11 - Introduction

5 IAS 28 - Associates & Joint Ventures

6 Equity Method of Accounting

7 Goodwill Computation

8 Cost of Investment

9 Fair Value of Net Assets

10 Non Controlling Interst

11 Incremental Depreciation

12 Intra Group Adjustments

13 Intra Group Sale of Inventory

14 Sale of NCA

15 Intra Group Loans

16 Step Acquisition

17 Step Acquisition - Change in Control

18 Control Does not Change

19 Group Disposal

20 Disposal - Control Lost

21 Disposal - Control Retained

22 Control Definition

7 IAS 12 Income Taxes

1 IAS 12 Introduction

2 Current Tax

3 Defered Tax Introduction

4 Classification of TD as Taxable and Deductible

5 PQ Explaining Defered Tax

6 Tax Base of Asset & Liability

7 PQ Orange Limited

8 PQ Rose Limited

9 IAS 12 & IAS 16

10 IAS 12 & IAS 40

11 IAS 12 & Fin Instruments

12 IAS 12 & Share Based Payment Transactions

13 IAS 12 & Leases

14 Unused Tax Losses

15 Defered Tax & Unrealized Profits

8 IAS 24 Related Party Transactions

1 Introduction to Related Party

2 Parties that are not RP

3 Disclosure Requirements - IAS 24

9 Financial Instruments

1 Introduction to Financial Instrument

2 Financial Assets

3 Financial Liability

4 Equity

5 Types of Measurements

6 Fair Value Accounting

7 Concept of Amortized Cost

8 Effective Interest Schedule

9 Computing Effective Interest Rate

10 Compound Financial Instruments - Basics

11 Allocation of Transaction Costs to various Elements of Compound FI

12 PQ Compound Financial Instruments

13 Types of Financial Assets

14 Types of Financial Liabilities

15 Measurement of FI

16 Derivative

17 Hedge Accounting

18 Derecognition of financial instruments

10 IFRS 15 - Revenue Recognition

1 IFRS 15 P1

2 IFRS 15 P2

3 Contract Modifications

4 Penalty Under Contract

5 Volume Discount Incentive

6 Significant Financing Component

7 Sale with Right of Return

8 Advance Payments

9 Non Cash Consideration

11 IAS 21 - Effects of Foreign Exchange Rates

1 Various Currencies

2 Initial Recognition of Foreign Currency Transactions

3 Subsequent Measuremen of FC Transactions

4 PQ 1

5 PQ 2

6 PQ 3

7 PQ 4

8 PQ 5

9 PQ 6

10 PQ 7

11 PQ 8

12 PQ 9

13 PQ 10

14 Foreign Subsidiary Part 1

15 Foreign Subsidiary Part 2

16 PQ Gustavo Plc

12 NCA Acc Standards - IAS 16 , 23, 36,38,40,IFRS 5

1 IAS 40 Introduction

2 IAS 40 Classification of Investment Property

3 IAS 40 Recognition & Measurement

4 IAS 40 Fair Value Model

5 IAS 40 Transfers to and From Investment Property

13 IAS 10 37 20

1 Introduction to Provisions

2 Liability Explained

3 Difference between provision & other liabilities

4 Recognition & Measurement of Provision

5 Changes in Provisions

6 Use of Provisions

7 Onerous Contracts

8 How to Deal with Future Operating Losses

9 Restructuring

10 Contingent Liability

11 Contingent Asset

12 Accounting Treatment of Contingent Liability

13 Accounting For Contingent Assets

14 Introduction about IAS 10

15 Adjusting Events

16 Non Adjusting Events

17 Dividends

18 Going Concern

19 Disclosure Requirements

20 Objective Questions

21 PQ Karim Limited

22 PQ Naba Power

23 PQ Melon Limited

15 IAS 41 - Agriculture

IAS 41 Agriculture - Explanation

16 Audit Revision

Audit Revision - P1 Preview

Audit Revision - P2 Preview

Audit Revision P3 Preview

Audit Revision P4 Preview

17 PQ Recruit 1 Plc

PQ Recruit 1 Plc Preview

18 PQ Settle Blue Plc

Settle Blue Plc

19 PQ Biltmore PLC

PP Biltmore PLC

20 PQ Key4Link Plc

Key4Link

21 PQ TopClass Teach

Topclass Teach Preview

22 PQ Miles Recruitment Limited

MRL Part 1

MRL Part 2

23 PQ Solvit Plc

Solvit P1

24 PQ Zmant Plc

Zmant Plc

25 PQ EC Plc

EC Limited

26 PQ Konext Plc

2 Konext Plc

27 PQ UHN

6 UHN Preview

28 PQ ERE Ltd

7 ERE Ltd

29 PQ Congloma Plc

Congloma Plc

30 PQ Homehand Plc

9 Homehand

31 PQ Karachi Textiles

Karachi Textiles

32 PQ AG Textiles

AG Textiles

33 JG Telecoms

JG Telecoms - P1

JG Telecoms P2

34 PQ EMP

EM Pakistan

35 PQ TA Healthcare

PQ TA Healthcare

36 PQ Air Indus Pakistan

PQ Air Indus Pakistan Preview

37 PQ EF

PQ EF

PQ EF 2

38 PQ Zego Plc

PQ Zego Plc

38 PQ Chelle Co

PQ Chelle Plc

39 PQ Raven Co

Raven Plc

40 PQ Rtone Plc

PQ RTone Plc

  • Instructor