Complete chapter wise Accounting and Auditing Syllabus Coverage

[Awesum Farhan]

I'm only posting about Paper 1 , Part A. Later on I'll post about other sections too.
Here are complete guidelines and chapters
Start from financial accounting. Buy Accounting by Sohail Afzal and Advanced Accounting by Sohail Afzal book for b.com and Business accounting 1 by frank wood (Available Online plus solution), Business Accounting 2 by Frank Wood (Available online plus solution manual). You can categorize them days wise after looking at the number of pages and your speed.

A) Financial Accounting (50 marks)
i) Fundamental Accounting Principles, Concepts, Assumptions and Conventions and
iii) Attributes, and Significance of Accounting Information:

(Accounting by Sohail Afzal)
Chapter 1- Introduction
Chapter-2- Transactions and accounting equation

(Business Accouting by Frank Wood)
Chapter-1 Accounting equation
Chapter-10. Accounting Concepts

ACMA financial accounting 1 (must read) :

Chapter-1 and Chapter-2
Here is link open it and in semester 1 first book:
https://www.icmap.com.pk/fsm.aspx

ii) Accounting Cycle/Process and Financial Statements:

(Accounting by Sohail Afzal)
Chapter-3- Analysis of Business Transactions and Double Entry System
Chapter-4 Journal
Chapter-5- Ledger
Chapter-7 Special Journals
Chapter-8 Cash Book and BRS (Most important for numerical)
Chapter-9- Journal Proper and Summary of Trial Balance
Chapter-10 Final Accounts
Chapter -11 Adjustments and effects (Most important for numerical)
Chapter-12- Work Sheet
Chapter-13- Financial Statements
Chapter-14- Capital and Revenue expenditures (important from objective point of view)
Chapter-15 Errors correction (Important for objectve)

(Accounting 1 by frank wood)

Chapter- 1 to 17-Everything is same that you have done from sohail afzal's book but will be good for you (optional)
Chapter- 24 Revenue and capital expenditures (Important for objective must read from this book too)
Chapter- 39- Cash flow statement
Chapter-14 Cash Flow statement of companies (Business accounting 2 by Frank Wood either do it here or do it along with section iv of companies)

Standards to be read for this part ( ii)
a) IAS-1- Financial Statements
b)IAS-2- Inventories
c)IAS-7- Cash flow Statement
d) IAS-32 Presentation and disclosure

iv) Accounting for common Legal Forms of a Business:
Sole proprietors
(Above chapters of sohail Afzal book 3-12 already covered)
Partnership :
Chapter 18: Partnerships accounts (Sohail Afzal)
Companies:
Chapter 1 to Chapter 4 (Advanced accounting by Sohail Afzal it's advanced book 2 not previous one mentioned before)
Chapter 3-14 (Business accounting 2 by frank wood)

Banking Companies
Annual Statements of any bank read it (In case of confusion you can ask)

v) Accounting for Associations Not-for-profit, and for Public Sector:

Chapter 17 Accounts of non profit organization ( Accounting by Sohail Afzal book 1)
Chapter 36 Income and expenditure accounts (Accounting 2 by frank wood)
Chapter-33 Public sector entities (Business Accountin 2 by Frank Wood) (Remaining standards etc leave them)

vi) Accounting for Non-current Tangible Assets:

Chapter-19 Depreciation and reserves (Accounting by Sohail Afzal book 1)
Chapter-26 Depreciation (Business Accounting 1 by Frank Wood)
Chapter-27 Accounts for depreciation (Business Accounting 1 by Frank Wood)
Chapter10- Capital Assets, Plant and equipment (Accounting 1 by meigs and meigs if accessible do use it)

Standards:
IAS-16 Property, Plant and equipment
IAS-36 Impairment of Assets

vii) Fundamental and Technical Analysis of various Forms of Organizations:

Chapter-5 Analysis of Accounting Ratios (Advanced Accounting by Sohail Afzal)
Chapter-27 Analysis of Ratios (Business accounting 2 by frank wood)
Chapter-28 Interpretation of financial Statements (Business Accounting 2 by Frank Wood)
Chapter 3- Financial Statements and Ratio Analysis ( Principles of managerial Finance by Gitman available online plus solution)
Horizontal, Vertical and trend analysis (Just google it easily available)

If there are any queries let me know.

[M Numan]

Originally Posted by Awesum Farhan

I'm only posting about Paper 1 , Part A. Later on I'll post about other sections too.
Here are complete guidelines and chapters
Start from financial accounting. Buy Accounting by Sohail Afzal and Advanced Accounting by Sohail Afzal book for b.com and Business accounting 1 by frank wood (Available Online plus solution), Business Accounting 2 by Frank Wood (Available online plus solution manual). You can categorize them days wise after looking at the number of pages and your speed.

A) Financial Accounting (50 marks)
i) Fundamental Accounting Principles, Concepts, Assumptions and Conventions and
iii) Attributes, and Significance of Accounting Information:

(Accounting by Sohail Afzal)
Chapter 1- Introduction
Chapter-2- Transactions and accounting equation

(Business Accouting by Frank Wood)
Chapter-1 Accounting equation
Chapter-10. Accounting Concepts

ACMA financial accounting 1 (must read) :

Chapter-1 and Chapter-2
Here is link open it and in semester 1 first book:
https://www.icmap.com.pk/fsm.aspx

ii) Accounting Cycle/Process and Financial Statements:

(Accounting by Sohail Afzal)
Chapter-3- Analysis of Business Transactions and Double Entry System
Chapter-4 Journal
Chapter-5- Ledger
Chapter-7 Special Journals
Chapter-8 Cash Book and BRS (Most important for numerical)
Chapter-9- Journal Proper and Summary of Trial Balance
Chapter-10 Final Accounts
Chapter -11 Adjustments and effects (Most important for numerical)
Chapter-12- Work Sheet
Chapter-13- Financial Statements
Chapter-14- Capital and Revenue expenditures (important from objective point of view)
Chapter-15 Errors correction (Important for objectve)

(Accounting 1 by frank wood)

Chapter- 1 to 17-Everything is same that you have done from sohail afzal's book but will be good for you (optional)
Chapter- 24 Revenue and capital expenditures (Important for objective must read from this book too)
Chapter- 39- Cash flow statement
Chapter-14 Cash Flow statement of companies (Business accounting 2 by Frank Wood either do it here or do it along with section iv of companies)

Standards to be read for this part ( ii)
a) IAS-1- Financial Statements
b)IAS-2- Inventories
c)IAS-7- Cash flow Statement
d) IAS-32 Presentation and disclosure

iv) Accounting for common Legal Forms of a Business:
Sole proprietors
(Above chapters of sohail Afzal book 3-12 already covered)
Partnership :
Chapter 18: Partnerships accounts (Sohail Afzal)
Companies:
Chapter 1 to Chapter 4 (Advanced accounting by Sohail Afzal it's advanced book 2 not previous one mentioned before)
Chapter 3-14 (Business accounting 2 by frank wood)

Banking Companies
Annual Statements of any bank read it (In case of confusion you can ask)

v) Accounting for Associations Not-for-profit, and for Public Sector:

Chapter 17 Accounts of non profit organization ( Accounting by Sohail Afzal book 1)
Chapter 36 Income and expenditure accounts (Accounting 2 by frank wood)
Chapter-33 Public sector entities (Business Accountin 2 by Frank Wood) (Remaining standards etc leave them)

vi) Accounting for Non-current Tangible Assets:

Chapter-19 Depreciation and reserves (Accounting by Sohail Afzal book 1)
Chapter-26 Depreciation (Business Accounting 1 by Frank Wood)
Chapter-27 Accounts for depreciation (Business Accounting 1 by Frank Wood)
Chapter10- Capital Assets, Plant and equipment (Accounting 1 by meigs and meigs if accessible do use it)

Standards:
IAS-16 Property, Plant and equipment
IAS-36 Impairment of Assets

vii) Fundamental and Technical Analysis of various Forms of Organizations:

Chapter-5 Analysis of Accounting Ratios (Advanced Accounting by Sohail Afzal)
Chapter-27 Analysis of Ratios (Business accounting 2 by frank wood)
Chapter-28 Interpretation of financial Statements (Business Accounting 2 by Frank Wood)
Chapter 3- Financial Statements and Ratio Analysis ( Principles of managerial Finance by Gitman available online plus solution)
Horizontal, Vertical and trend analysis (Just google it easily available)

If there are any queries let me know.

Please also tell about Cost Accounting

[Interpreter]

I say most welcome and appreciate your strides for steering the candidates.

Here I ask as to whether such interpretation of syllabus is ample.



More.... Part-B of paper first is urgently solicited.

Ingratiation and credit is wavered towards you.

[Awesum Farhan]

@Nauman
As far as i know, it is more than sufficient to cover financial accounting part 1.
Moreover I'll share the detailed guidelines for part 2 and paper 2 of accounting very soon (within 3 to 4 days).

@ Interpreter
Thank you for your words. Will share about part 2 very soon.

[Awesum Farhan]

Here you are complete syllabus preparation strategy for Paper 1, Part B

Books :
1) Cost Accounting by P.K Jain
2) Cost Accounting by Colin Drury
3) Cost Accounting by Terence

B) Cost and Managerial Accounting:

viii) Fundamental Cost Accounting Principles and Concepts:

Chapter 1- Cost Accounting- An overview (P.K Jain)
Chapter-2 Cost Concepts (P.K Jain)
Chapter-1 Introduction to Management (Colin Drury)
Chapter-2- An introduction to cost concepts (Colin Drury)

IX. Accounting for Material, Labour and Factory Overheads (FOH):

Following chapters from P.K Jain's book
Chapter-3 Cost Accounting for Materials
Chapter-4 Cost Accounting for Labour
Chapter-5 Cost Accounting for Overheads
Chapter-6 Cost Accounting Non Manufacturing (optional)
Chapter-7 Labour Remuneration Method (Cost Accounting by Terence)

X. Costing for Specific Jobs, and Process Costing:
Following chapters from P.K Jain
Chapter-7 Job Order costing
Chapter-8 Process Costing
Chapter-9 Unit Costing
Chapter-10 Operating Costing (Optional you can leave it)
Chapter-11 Variable and Absorption Costing (Optional but recommended as it is one of the important chapters of Costing)

XI. Management Accounting for Planning, Decision-making and Control

1-Budgeting and its Use:
Chapter- 14 Budgeting (P.K Jain)
Chapter-16 Budgeting (Colin Drury)

2-Break-even Analysis:

Chapter-13 Cost Volume Profit Analysis (P.K Jain)
Chapter-9 Cost-Volume Profit Analysis (Colin)

3-Variance Analysis
Following chapters from P.K Jain
Chapter-15 Standard Costing
Chapter 16 Variable Costing
Costing 17 Variable Costing

I have tried to fully cover the syllabus but if there is something missing please let me know. Another thing that i want to state here is, you should consult other books too for more practice in order to achieve mastery in this part. If you religiously study these chapters conceptually; you will be able to get through. Insha ALLAH..!!

[shehrezaaat]

mr awesum.. kindly post link for following Principles of managerial Finance by Gitman available online plus solution).. and books /online notes for paper 2. asap!

[Awesum Farhan]

Here you are:
Financial Management by Gitman
http://www.xn--klker-kva.hu/wp-conte...-by-Gitman.pdf

Solution:
http://www.cssforum.com.pk/css-optio...finance-d.html

[Sana Satti]

Originally Posted by Awesum Farhan

I'm only posting about Paper 1 , Part A. Later on I'll post about other sections too.
Here are complete guidelines and chapters
Start from financial accounting. Buy Accounting by Sohail Afzal and Advanced Accounting by Sohail Afzal book for b.com and Business accounting 1 by frank wood (Available Online plus solution), Business Accounting 2 by Frank Wood (Available online plus solution manual). You can categorize them days wise after looking at the number of pages and your speed.

A) Financial Accounting (50 marks)
i) Fundamental Accounting Principles, Concepts, Assumptions and Conventions and
iii) Attributes, and Significance of Accounting Information:

(Accounting by Sohail Afzal)
Chapter 1- Introduction
Chapter-2- Transactions and accounting equation

(Business Accouting by Frank Wood)
Chapter-1 Accounting equation
Chapter-10. Accounting Concepts

ACMA financial accounting 1 (must read) :

Chapter-1 and Chapter-2
Here is link open it and in semester 1 first book:
https://www.icmap.com.pk/fsm.aspx

ii) Accounting Cycle/Process and Financial Statements:

(Accounting by Sohail Afzal)
Chapter-3- Analysis of Business Transactions and Double Entry System
Chapter-4 Journal
Chapter-5- Ledger
Chapter-7 Special Journals
Chapter-8 Cash Book and BRS (Most important for numerical)
Chapter-9- Journal Proper and Summary of Trial Balance
Chapter-10 Final Accounts
Chapter -11 Adjustments and effects (Most important for numerical)
Chapter-12- Work Sheet
Chapter-13- Financial Statements
Chapter-14- Capital and Revenue expenditures (important from objective point of view)
Chapter-15 Errors correction (Important for objectve)

(Accounting 1 by frank wood)

Chapter- 1 to 17-Everything is same that you have done from sohail afzal's book but will be good for you (optional)
Chapter- 24 Revenue and capital expenditures (Important for objective must read from this book too)
Chapter- 39- Cash flow statement
Chapter-14 Cash Flow statement of companies (Business accounting 2 by Frank Wood either do it here or do it along with section iv of companies)

Standards to be read for this part ( ii)
a) IAS-1- Financial Statements
b)IAS-2- Inventories
c)IAS-7- Cash flow Statement
d) IAS-32 Presentation and disclosure

iv) Accounting for common Legal Forms of a Business:
Sole proprietors
(Above chapters of sohail Afzal book 3-12 already covered)
Partnership :
Chapter 18: Partnerships accounts (Sohail Afzal)
Companies:
Chapter 1 to Chapter 4 (Advanced accounting by Sohail Afzal it's advanced book 2 not previous one mentioned before)
Chapter 3-14 (Business accounting 2 by frank wood)

Banking Companies
Annual Statements of any bank read it (In case of confusion you can ask)

v) Accounting for Associations Not-for-profit, and for Public Sector:

Chapter 17 Accounts of non profit organization ( Accounting by Sohail Afzal book 1)
Chapter 36 Income and expenditure accounts (Accounting 2 by frank wood)
Chapter-33 Public sector entities (Business Accountin 2 by Frank Wood) (Remaining standards etc leave them)

vi) Accounting for Non-current Tangible Assets:

Chapter-19 Depreciation and reserves (Accounting by Sohail Afzal book 1)
Chapter-26 Depreciation (Business Accounting 1 by Frank Wood)
Chapter-27 Accounts for depreciation (Business Accounting 1 by Frank Wood)
Chapter10- Capital Assets, Plant and equipment (Accounting 1 by meigs and meigs if accessible do use it)

Standards:
IAS-16 Property, Plant and equipment
IAS-36 Impairment of Assets

vii) Fundamental and Technical Analysis of various Forms of Organizations:

Chapter-5 Analysis of Accounting Ratios (Advanced Accounting by Sohail Afzal)
Chapter-27 Analysis of Ratios (Business accounting 2 by frank wood)
Chapter-28 Interpretation of financial Statements (Business Accounting 2 by Frank Wood)
Chapter 3- Financial Statements and Ratio Analysis ( Principles of managerial Finance by Gitman available online plus solution)
Horizontal, Vertical and trend analysis (Just google it easily available)

If there are any queries let me know.

Thank you so very much for such a detailed guidance ! Really was badly in need of it But still have a few queries Like from where to prepare standards Secondly Time is too short now ! just started my preparation now ! Have done B.com previously & then MBA in finance. You have mentioned many books like what if i only follow Sohail Afzal's book
Finally books which you have mentioned for Cost Accounting i don't have it ! I've Sohail Afzal's book & Matz,Usry book ! Kindly tell the chapters to be covered from these book too I will highly appreciate your cooperation Kindly reply soon. Thanks in advance !

[Awesum Farhan]

@Sana
If you have only one book of Sohail Afzal then all other books are available online.. You can easily download them or view them from "Google Books". Moreover, Sohail Afzal doesn't cover complete syllabus. If you go for it then you cannot prepare completely.
As far as cost accounting by sohail afzal is concerned then you should read it completely..
And remember "There's no short cut of certain success".

[Awesum Farhan]

Originally Posted by aliharmain

Thanks for this
Eagerly waiting for Paper 2

@ ali
Insha ALLAH Talah i'll post detailed syllabus of Paper-2 very soon... I need your feedback too if you are preparing according to my guidelines so that deficiencies can be troubleshooted timely..!