Sunday, April 25, 2010
|
 |
Senior Member
|
|
Join Date: Sep 2007
Location: In the hearts of friends and heads of foes.
Posts: 1,858
Thanks: 2,166
Thanked 3,870 Times in 1,441 Posts
|
|
Quote:
Originally Posted by xavier
Dear i have also opted Accounts and Auditing, as M.Ali defined that this is very scoring subject so it must be opted.Go through following topics carefully:
Double Entry
Income Statement
Balance Sheet
Some basic Cost Accounting
Audit(basic concepts)
Taxation(Basic)
|
These topics are not enough to handle this paper. Broaden your list and include: Ratio analysis, Partnership, Cash Budget, Income and Expenditure Account, Receipt and Payment Account.
Cost Accounting: COGM Statement, Standard Costing (Variance Analysis), Process Costing (Equivalent Product calculation), Job order costing.
Auditing: Specimen of various audit reports (Qualified, unqualified, disclaimer), difference among various audits (like final audit, interim audit, financial audit, internal audit, external audit, special audit, statutory audit, and annual audit etc.), and Auditing steps/procedure for inventory/stock, HR, fixed assets, investments, and cash. Role and responsibilities of an auditor specially in detecting frauds.
Taxation: Calculation of tax liability of salaried person, various definitions of first chapter of ITO, various income heads and their ingredients, income tax authorities hierarchy and complaint chain.
Business Organization: Difference and merits & demerits of sole proprietorship, partnership, and joint stock company. Their formation, incorporation and commencement procedures. Advantages and disadvantages of registered and un-registered firm. Importance of MOA and AOA, rules for changes in MOA and AOA. Business Combinations, and amalgamation. Cooperative societies etc.
__________________
"Tumhary nafs ki qeemat Janat hay isy Janat say kam qeemat pey na bechna."
"Jiyo to istarh ky log tum sy milny ko tarsy; maro to istrah k log tumharee mot par royain"
|