Summary of IBSU-AF0406-2024-2 Financial Reporting

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IBS Saraga Campus

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General

Unit Information Guide

Announcement

Staff Contact Details

Timetable

Announcements

Assessments

Assessment Instructions

Assignment 2 Memo and Report

Assignment 2 Memo and Report Submission Link

Prescribed Text Book

Important Reminders Chat

Course Commencement Students' Survey | Semester 2 - 2024

Mid-Semester Survey

Request for Special Consideration (Assessment)

Revision Test 1 Suggested Answer

Topic 1: IASB Structure and Process

Topic 1 (Part I) - Lecture PPP

Topic 1 - (Part II) - Lecture PPP

Reading 1.1 IFRS

Topic 1 Weekly MCQs (Non-assessable)

Activity 1.1 - IFRS Annual Report - Reading

Activity 1.1

Activity 2 Create your IFRS account

Introduction to IFRS

Topic 2: The Conceptual Framework

Topic 2 - Lecture PPP

Topic 2 Weekly MCQs (Non-Assessable)

IFRS - Conceptual Framework

Qualitative Characteristics of Useful Financial Information

Topic 3: Accounting for Lease Agreement

Topic 3 - Accounting for Lease Agreement

Lease Accounting Reading Available at the Library

Accounting on Lease - Tutorial Exercise

Topic 3 Weekly MCQs (Non-Assessable)

Present Value Factors

IFRS 16 Leases, IFRS Foundation

Accounting for Lease Liability and Debenture

Calculation of Present Value

Topic 3 Weekly Test solution

Topic 4: Long-Term Contract

IFRS 15 References

Topic 4 PPP

Activity 4.1

Activity 4.2

Topic 4 Weekly MCQs (Non-Assessable) solution

Topic 4 Weekly Test

Overview of Completed Contract Accounting

Overview of Percentage of Completion Accounting

Topic 5: Foreign Currency Transactions

Topic 5 PPP

Article

Effect of foreign currency transactions

Activity 5.1

Topic 5 Weekly MCQs (Non-Assessable)

Topic 5 Weekly Test Solution

Forex Qualifying Asset

Mastering Forex Buyer's Perspective

Forex Seller's perspective

Topic 6: Financial Instruments and Hedging Transactions

Topic 6 PPP

Activity 6.1

Activity 6.2 - Tutorial Excercise - Problems

Topic 6 Weekly MCQs (Non-Assessable)

Present Value Factors

Debenture overview

Debenture tutorial session

Topic 7: Accounting for Income Taxes

Topic 7 PPP

Topic 7 Weekly MCQs (Non-Assessable)

Accounting for Income Tax Part 1

Accounting for Income Tax Part 2

Accounting for Income Tax Part 2 Sample Problem

Study Break (Week 8)

Topic 8: Preparation of Financial Statements

Topic 8 PPP

Problem Solving

Topic 8 Weekly Test (Non-assessable)

Account Normal Balance

Presentation of Financial Statements