AkIS1AN INS1I1UL CI U8LIC IINANCL ACCCUN1AN1S

SLLA8US 2003





ICUNDA1ICN LkAMINA1ICN

ALk 1 8USINLSS CCMMUNICA1ICN AND 8LnAVICkAL
S1UDILS (100 Marks)

A|ms
a 1o LesL Lhe candldaLe's knowledge of 8uslness Lngllsh wlLh parLlcular emphasls on
Lhe evaluaLlon of capablllLles Lo express lucldly and ln grammaLlcally correcL Lnglslh
ln an lmaglnaLlve and well reasoned manner
b 1o LesL Lhe candldaLe's ablllLy Lo carry ouL publlc secLor correspondence effecLlvely
deslgn formaLs of reporLs wrlLlng of reporLs and deslgn varlous forms used for
lnformaLlon and daLa collecLlons
c 1o LesL Lhe candldaLe's ablllLy for lnLeracLlng wlLh people lncludlng parLlclpaLlng ln
meeLlngs lnLervlews and communlcaLlon
d 1o acqualnL candldaLes wlLh elemenLs of organlzaLlonal behavlor moLlvaLlon
declslon maklng and problem solvlng skllls

Spec|f|cat|on Gr|d
Sy||abus Contents Area We|ghtage
9rlnclples of Applled Crammar 23
2 Commerclal correspondence 8eporL wrlLlng and
lorm deslgnlng
30
3 lnLer9ersonal Skllls and 8ehavloral Sclence 23
1C1AL 00





Contents
1 r|nc|p|es of App||ed grammar
An undersLandlng of Lhe prlnclples of applled grammar lncludlng parLs of speech and
Lenses dlalogues and ldloms commonly used ln soclal and buslness conLexL
synLhesls of senLences preclse wrlLlng paraphraslng and composlLlon lncludlng
essay wrlLlng

2 Commerclal correspondence reporL wrlLlng and deslgnlng formaL of buslness
reporLs and documenLs

3 A Interpersona| Sk|||s
lmporLance of communlcaLlon process of communlcaLlon barrlers ln
communlcaLlon negoLlaLlon skllls ensurlng coordlnaLlon cooperaLlon and
synLhesls wlLhln organlzaLlon for successful and resulL orlenLed communlcaLlon

8 8ehav|ora| Sc|ence
Approaches Lo organlzaLlonal behavlor Lhe challenges faclng by Lhe managemenL
moLlvaLlon Lheory Lypes of moLlves goal seLLlng leadershlp Lheory deallng wlLh [ob
sLress and declslon maklng













ALk 2 IINANCIAL ACCCUN1ING I (100 Marks)
A|ms
1o LesL Lhe candldaLe's ablllLy Lo undersLand accounLlng Lheory and pracLlces and
prepare and analyze Lhe flnanclal sLaLemenLs of llmlLed companles
Spec|f|cat|on Gr|d
Sy||abus Contents Area We|ghtage
AccounLlng Lheory 20
2 llnanclal AccounLlng pracLlces 40
3 8ecelpLs and 9aymenL accounLs lncome and expendlLure accounLs
And preparaLlon of accounLs from lncompleLe records
4 Speclal accounLs

40
1C1AL 00

Contents
1 Account|ng 1heory
lundamenLal accounLlng concepLs deflnlLlon and scope of flnanclal accounLlng
use of accounLlng Lerms concepLual framework of accounLlng users of flnanclal
sLaLemenLs asseLs valuaLlon alLernaLlves hlsLorlcal cosL replacemenL cosL neL
reallzable value and economlc value revenue recognlLlon caplLal or revenue
LreaLmenL Lhe goodwlll concepL lnLernaLlonal AccounLlng SLandards (lAS) 2
and

2 I|nanc|a| Account|ng ract|ces
9rlnclples of double enLry book keeplng meLhod of keeplng and presenLlng
accounLs books of prlme enLry (cash book peLLy cash book sales [ournals
purchase [ournals purchases and sales reLurn [ournal eLc) prlnclpal and
subsldlary ledgers Lrlal balances Lradlng accounL and balance sheeLs
manufacLurlng and proflL and loss accounLs conLrol accounLs and
reconclllaLlons lssue dlscounLlng and dlshonorlng og bllls of exchange
LransacLlons Lhrough banks recLlflcaLlon of errors bank reconclllaLlon
sLaLemenLs caplLal expendlLure revenue expendlLure and deferred revenue
expendlLure flxed asseLs and meLhod of calculaLlng depreclaLlon provlslons
approprlaLlon and Lransfers Lo reserves Lypes of reserves accounL recelvables
bad debL expense and provlslon for doubLful debLs valuaLlons of sLock LllC
lllC average cosL and movlng average cosL meLhod


3 kece|pt and ayment Accounts etc
8ecelpL and paymenL and lncome and expendlLure accounLs and preparaLlon of
accounLs from lncompleLe records

Spec|a| Accounts
ConslgnmenL [olnL venLured deparLmenLal accounLs and royalLy accounLs




















ALk 3 MLkCAN1ILL LAW AND LCCNCMICS (100 Marks)
ALk 31 MLkCAN1ILL LAW (S0 Marks)

A|ms
1o acqualnL candldaLes wlLh some selecLed mercanLlle laws ln 9aklsLan and Lo develop
amongsL Lhem an undersLandlng of Lhelr appllcaLlon

Spec|f|cat|on Gr|d
Sy||abus Contents Area We|ghtage
lnLroducLlon Lo Legal SysLem 03
2 ConLracL 20
3 Sale of Coods 0
4 9arLnershlp and negoLlable lnsLrumenLs 3
1C1AL 30

Contents
Source of Law process of leglslaLlon and Lhe legal sysLem ln 9aklsLan

2 9rlnclples relaLlng Lo and appllcaLlon of laws of conLracL (lncludlng conLracL of
lndemnlLy and guaranLee ballmenL and agency)

3 Sale of Coods AcL
4
3 9arLnershlp AcL and negoLlable AcL





ALk 32 LCCNCMICS (S0 Marks)
A|ms
1he Cb[ecL of Lhe course ls Lo equlp Lhe candldaLes wlLh Lhe maln economlc concepLs
and Lhelr use and relevance ln economlc analysls ln Lhe conLexL of 9aklsLan's economy
and as an lnLroducLlon Lo Lhe economlc envlronmenL of accounLancy as well as meLhods
of analysls relevanL Lo Lhe sLudy of flnanclal declslons

Spec|f|cat|on Gr|d
Sy||abus Contents Area We|ghtage
9rlnclples of Lconomlcs 23
2 Lconomlcs of 9aklsLan 23
1C1AL 30

Contents
8aslc concepLs economlc sysLem demand and supply lndlfference curve analysls
consumer preference condlLlons of equlllbrlum of a flrm prlce mechanlsm Lheory
of producLlon and facLors of prlclng dlfference beLween compeLlLlve and
monopollsLlc condlLlons laws of reLurn lncome deLermlnaLlon analysls dlsLrlbuLlon
of naLlonal lncome and producLlvlLy Lheory general equlllbrlum lnflaLlon and
CovernmenL flscal and moneLary pollcles

2 1he maln feaLures of 9aklsLan economy flscal and moneLary pollcy of Lhe
CovernmenL of 9aklsLan naLure of money and banklng lnLernaLlonal Lrade and
balance of paymenLs wlLh speclal reference Lo 9aklsLan economlc growLh and role
of governmenL Lhereln maln feaLures of currenL developmenL plan of 9aklsLan and
Lrade pollcy maln feaLures of Lhe economlc sysLem of lslam and dlsLrlbuLlon of
lncome and wealLh ln lslam





ALk 8USINLSS MA1nLMA1ICS S1A1IS1ICS (100 Marks)
ALk 1 8ULINLSS MA1nLMA1ICS (S0 Marks)

A|ms
1he course ls deslgned Lo provlde an undersLandlng of elemenLary knowledge of Loplcs
of maLhemaLlcs as applled ln Lhe declslon maklng of a buslness Skllls and ablllLy for
slmple appllcaLlon ls needed

Spec|f|cat|on Gr|d
Sy||abus Contents Area We|ghtage
SecLlon 23
2 SecLlon 2 23
1C1AL 30

Contents
1 Sect|on 1
Dslng maLhemaLlcs ln buslness fundamenLals of maLhemaLlcs numbers lnLegers
declmals and fracLlons seLs and noLaLlons revlslon of elemenLary algebra lncludlng
blnomlnal Lheorem and pracLlcal fracLlons mapplngs calculus ldea of llmlLs
derlvaLlve of algebralc exponenLlal and logarlLhmlc expresslons sum dlfference
producL and quoLlenL rules of dlfferenLlaLlon chaln rule and composlLe funcLlons
second order derlvaLlon wlLh maxlma mlnlma and polnL of lnflecLlon wlLh
appllcaLlon ln buslness marglnal analysls and blnary numbers

2 Sect|on 2
lacLorlzaLlons sequence and serles arlLhmeLlc and geomeLrlc progresslon
slmulLaneous and quadraLlc equaLlon and graphlcs lndlces and logarlLhms raLlos
and proporLlons percenLages slmple and compound lnLeresL annulLles and
dlscounLlng and presenL values



ALk 2 8USINLSS S1A1IS1ICS (S0 Marks)

A|ms
1o provlde an undersLandlng of elemenLary knowledge of sLaLlsLlcal Lechnlques ln so far
as Lhese are relevanL Lo Lhe operaLlon and declslon maklng of a buslness Sklll and ablllLy
for slmple appllcaLlon ls needed

Spec|f|cat|on Gr|d
Sy||abus Contents Area We|ghtage
SecLlon 30
2 SecLlon 2 20
1C1AL 30

Contents
1 Sect|on 1
Alm and meLhods of sLaLlsLlcs collecLlon presenLaLlon (lncludlng dlagram and
graphs) LabulaLlon and checklng daLa use of sLaLlsLlcs ln presenLaLlon of reporLs
measures of cenLral Lendency and dlsperslon wlLh advanLages and dlsadvanLages of
varlous meLhods skewness and kurLosls correlaLlon and regresslon lndex numbers
shlfLlng of base year and slmple and welghLed aggregaLlve prlce lndlces

2 Sect|on 2
1lme serles counLlng Lechnlques permuLaLlons and comblnaLlons probablllLy laws
of probablllLy LheoreLlcal dlsLrlbuLlons random sampllng sampllng dlsLrlbuLlon of
means knowledge of sLraLlfled sysLemaLlc and clusLer sampllng sLaLlsLlcal
lnference esLlmaLlon and LesL of slgnlflcance (only z and LLesLs are requlred)









IN1LkMLDIA1L LkAMNIA1ICN

ALk 1 IINANCIAL ACCCUN1ING II (100 Marks)

A|ms
1hls course ls deslgned Lo provlde undersLandlng of accounLlng meLhods and
procedures as followed by dlfferenL forms of buslness organlzaLlons and commerclal
venLures lL sysLemaLlcally covers Lhe accounLlng process of classlflcaLlon
summarlzaLlons presenLaLlon and lnLerpreLaLlon of hlsLorlcal daLa ln Lhe llghL of
esLabllshed accounLlng pracLlces and ma[or form of buslness organlzaLlons le
parLnershlps and llmlLed companles AppllcaLlons of prlnclples seL ouL by lAS ln Lhe
preparaLlon of flnanclal sLaLemenLs

Spec|f|cat|on Gr|d
Sy||abus Contents Area We|ghtage
AccounLs of LlmlLed Companles
2 lnLernaLlonal AccounLlng SLandards
30
3 Cb[ecLlves and lnLerpreLaLlon of llnanclal SLaLemenLs 33
4 Speclal AccounLs 33
1C1AL 00

Contents
1 Account|ng of L|m|ted Compan|es
AccounLlng of llmlLed companles ln llne wlLh sLaLuLory provlslons and lnLernaLlonal
accounLlng sLandards (excludlng llquldaLlon reconsLrucLlon amalgamaLlon and
consolldaLlon) and slmple cash flow sLaLemenLs






2 Internat|ona| Account|ng Standards
nowledge and appllcaLlon of prescrlbed lAS
2 0 2 23 32 33 and 3

3 Cb[ect|ves and Interpretat|on of I|nanc|a| Statements
Dser group lncludlng shareholders manager employees governmenL credlLors
analysL and advlsors and Lhe publlc and Lhelr lnformaLlon needs CharacLerlsLlcs of
useful lnformaLlon and Lhe problems assoclaLed wlLh lLs producLlon slgnlflcanL
accounLlng raLlo and Lhelr relaLlonshlp

Spec|a| Accounts
8ranch accounLs (excludlng forelgn branches) leaslng and hlre purchase
parLnershlp accounLs (excludlng dlssoluLlon amalgamaLlon and converslon Lo a
llmlLed company) accounLlng for consLrucLlon conLracLs conLalner accounLlng

















ALk 2 CCS1 ACCCUN1ING (100 Marks)

A|ms
1hls course ls deslgned Lo acqualnL sLudenLs wlLh a comprehenslve knowledge of
esLabllshed pracLlce of cosL accumulaLlon meLhods and learn Lhe appllcaLlon of Lhls
knowledge Lo baslc plannlng conLrol and declslon maklng 1he course covers [ob order
process cosLlng and sLandard cosL sysLem lL ls programmed Lo equlp candldaLes wlLh
fundamenLals of accounLlng for maLerlal labor and manufacLurlng expenses and
undersLandlng of Lhe lmporLance of Lhe role of cosL accounLlng ln plannlng and
conLrolllng Lhe wlde range of organlzaLlonal and manufacLurlng cosL

Spec|f|cat|on gr|d
Sy||abus Contents Area We|ghtage
CosL ConcepLs and CosLlng MeLhods
2 AccounLlng for MaLerlals
3 AccounLlng for Labor
4 AccounLlng for Cverhead

43
3 1ypes of CosLlng SysLems
CosL 8ehavlor
MeLhods of CosL LsLlmaLlon

30
CosLlng for 9lannlng and ConLrol
9 CosL for ueclslon Maklng

23
1C1AL 00








Contents
1 Cost Concepts and Cost|ng Methods
CosL concepLs prlnclples meLhods and Lechnlques deflnlLlon of and dlsLlncLlon
beLween flnanclal accounLlng cosL accounLlng and managemenL accounLlng
elemenLs of cosL ln relaLlon Lo manufacLurlng and servlces buslness cosL
classlflcaLlon cosL flow accounLlng cycle and charL of accounLs and facLory ledger

2 Account|ng for Mater|a|
9urchaslng recelvlng lssulng recordlng and prlclng of maLerlal lnvenLory sysLem
and documenLaLlon and reconclllaLlon and ad[usLmenL of lnvenLory dlfferences

3 Account|ng for Labor
Wage lncenLlve plans sysLem and documenLaLlon

Account|ng for Cverhead
CosL allocaLlon and absorpLlon lncludlng allocaLlon of servlce deparLmenL cosLs
manufacLurlng expenseapplled manufacLurlng expenseacLual and manufacLurlng
expensedeparLmenLallzed Cver and under applled overheads and varlance
analysls

S 1ypes of Cost|ng Systems
!ob order process and conLracL sysLem and LreaLmenL of [olnLproducLs and by
producLs

Cost 8ehav|or
llxed and varlable cosLs dlrecL and lndlrecL cosLs and break even analysls and
charLs

Cost Lst|mat|on
Dslng hlghlow meLhod and llnear regresslon analysls

Cost|ng for |ann|ng and Contro|
lnLroducLlon Lo budgeLs (lncludlng cash and flexlble budgeLs) Lhe preparaLlon of
revenue and cash budgeLs concepL of sLandard cosLlng and baslc varlance analysls
(le raLe efflclency volume mlx and yleld varlances)

Cost and Dec|s|on Mak|ng
8elevanL cosLs make or buy declslons declslon wlLh llmlLlng facLors excludlng llnear
programmlng marglnal vs absorpLlon cosLlng and sLock and proflL and loss
effecLed


ALk 3 AUDI1ING (100 Marks)

A|ms
As a flrsL course ln audlLlng Lhls course ls lnLended Lo enable candldaLes Lo comprehend
baslc prlnclples and procedures lnvolved ln audlLlng A famlllarlLy of audlLlng Lechnlques
such as rouLlne checklng vouchlng and verlflcaLlon ls necessary Lo lnsplre confldence ln
Lhe approach of work nowledge of audlLlng sLandards ln1CSAl and lCA9 Codes of
LLhlcs and relaLed sLaLuLory provlslons ls also expecLed from candldaLes

Spec|f|cat|on Gr|d
Sy||abus Contents Area We|ghtage
9rlnclples and Cb[ecLlves of AudlLlng
2 Legal and 9rofesslonal ConslderaLlon
3 9rofesslonal LLhlcs

20
4 CuallLy ConLrol
3 9lannlng and AudlL
uocumenLaLlon of AudlL Work

20

AccounLlng SysLem and lnLernal ConLrols
AudlL Lvldence
9 AudlL 1echnlques and 9rocedures

40

0CompleLlon SLages of an AudlL
1he 8eporLlng luncLlon

20
1C1AL 00

Contents
1 r|nc|p|es and Cb[ect|ves of Aud|t|ng
AccounLlng and audlLlng concepLs audlL ob[ecLlves Lypes of audlLs Lrue and falr
vlew maLerlallLy and golng concern

2 Lega| and rofess|ona| Cons|derat|on
Companles Crdlnance 94 legal sLaLus of an audlLor appolnLmenL reslgnaLlon
and removal and duLles rlghLs and remuneraLlon
9rofesslonal responslblllLles excludlng reporLlng responslblllLy for fraud or
lrregularlLy


3 rofess|ona| Lth|cs
9rofesslonal lndependence confldenLlallLy byelaws and dlrecLlves lssued by lCA9
(relaLlng Lo mlsconducL) ln1CSAl Code of LLhlcs

;ua||ty Contro|
9rlnclples and purposes of quallLy conLrol

S |ann|ng and Aud|t
lacLors behlnd plannlng audlL plans slmple audlL programs and lmpacL of lnLernal
audlL on plannlng

kecord|ng of Aud|t Work
uocumenLaLlon of work done evldence of revlew concluslons drawn and acLlon
Laken and Lypes of worklng papers

Account|ng System and Interna| Contro|s
8easons for havlng compleLe and accuraLe sysLem conLrols deflnlLlon and
classlflcaLlons of conLrol llmlLaLlons on effecLlveness of lnLernal conLrol ascerLalnlng
and recordlng sysLems and conLrols evaluaLlon of sysLems and conLrols and lmpacL
on audlL work Llmlng and scope of LesLs of conLrols rellance on lnLernal audlL and
small buslness and lnLernal conLrols

Aud|t Lv|dence
Cb[ecLlves (ascerLalnlng exlsLence ownershlp valuaLlon compleLeness (cuLsoff)
naLure and sources of audlL evldence and sufflclency relevance and rellablllLy and
audlL evldences

Aud|t 1echn|ques and rocedures
lnspecLlons observaLlon lncludlng lnvenLory verlflcaLlon enqulry (lncludlng Lhlrd
parLles conflrmaLlons) and compuLaLlon sampllng Lechnlques compllance

10Comp|et|on Stage of an Aud|t
9asL balance sheeL evenLs conLlngencles and caplLal commlLmenLs compleLlon
procedures revlew of audlL work and revlew of Lhe company's reporL and accounLs

111he keport|ng Iunct|ons
SLaLuLory audlL reporLs Lhelr meanlng and quallflcaLlons and audlL reporL ln Lhe
case of sole proprleLorshlp parLnershlp and nonproflL parLnershlp and nonproflL
lnsLlLuLlons




ALk CCAN LAW 1AkA1ICN (100 Marks)
ALk 1 CCMAN LAW (S0 Marks)

A|ms
1o acqualnL candldaLes wlLh 1he Companles Crdlnance 94 and relaLed company rules
and regulaLlons and Lo develop amongsL Lhem an undersLandlng of Lhelr appllcaLlon Lo
corporaLe and oLher buslness envlronmenL

Spec|f|cat|on Gr|d
Sy||abus Contents Area We|ghtage
LlemenLs of Company Law
2 Share CaplLal
0
3 ManagemenL and AdmlnlsLraLlon
4 8orrowlng 9owers
3 AudlL and AccounLs

20
CLhers 20
1C1AL 30

Contents
LlemenLs of company law vlz deflnlLlons and concepLs used ln Companles
Crdlnance 94 Lypes of companles lncorporaLlon of companles memorandum
and arLlcles of assoclaLlon and prospecLus and promoLlon of companles

2 CaplLal (Lypes of caplLal and shares lncrease and reducLlon of caplLal Lransfer of
shares eLc) and provlslons relaLlng Lo obLalnlng consenL for lssue of caplLal by
companles








3 MaLLer relaLlng Lo dlrecLors chlef execuLlves secreLary shareholders and members
meeLlng of shareholders (sLaLuLory annual and exLraordlnary) and procedures
board meeLlngs and procedures and resoluLlons (ordlnary and speclal)

4 8orrowlng powers debenLures and oLher charges reglsLraLlon of morLgages and
redeemable caplLal

3 llnanclal sLaLemenLs books and accounLs lnspecLlon and audlL (lncludlng
knowledge of Lhe fourLh and flfLh schedule Lo Lhe Companles Crdlnance 94)

ueflnlLlon and Lypes of modaraba


















ALk 2 1AkA1ICN (S0 Marks)

A|ms
1o acqualnL candldaLes wlLh sallenL feaLures of Lhe lncome Lax as envlsaged ln Lhe
lncome 1ax Crdlnance 200 along wlLh lncome 1ax 8ules 2002 relaLed Lo Lhe deflned
syllabus and elemenLary worklng ln pracLlcal Lerms

Spec|f|cat|on Gr|d
Sy||abus Contents Area We|ghtage
Ceneral 9rlnclples of lncome 1ax 3
2 9rlnclples of Laxlng lncome from varlous Sources 3
3 AssessmenL 9rocedures and 9enalLles 20
1C1AL 30

Contents
Ceneral prlnclples of lncome 1ax Crdlnance deflnlLlon used ln lncome Lax law
dlsLlncLlon beLween caplLal and revenue lncome exempL from lncome Lax and
deducLlons and lncome Lax auLhorlLles

2 LlemenLary prlnclples of LaxaLlon of salarles lnLeresL on salarles lncome from
properLy proflLs and galns of buslness and professlon caplLal galn and lncome
from oLher sources


3 AssessmenL procedures (lncludlng presumpLlve Lax and recLlflcaLlon) seL off and
carrled forward of losses paymenL of Lax compuLaLlon of Laxable lncome and
Lax llablllLy of lndlvlduals AC9 and flrms appeal before commlssloner of lncome
Lax and revlslon auLhorlLles and procedures and penalLles




ALk S INICkMA1ICN 1LCnNCLCG (100 Marks)

A|ms
1o famlllarlze sLudenLs wlLh elemenLs of lmporLanL and relevanL concepLs and sysLems
managemenL lnformaLlon sysLems (MlS) and elemenLs of elecLronlc daLa processlng
(Lu9) wlLh Lhe knowledge and appllcaLlon of sofLware and sysLem commonly used by
accounLanLs

Spec|f|cat|on Gr|d
Sy||abus Contents Area We|ghtage
MlS 30
2 Lu9 30
1C1AL 00

Contents
MIS
Ceneral sysLem Lheory hlerarchy of a sysLem and concepLs modular and dlsLrlbuLed
buslness lnformaLlon sysLem codlng lnformaLlon sysLem as a managemenL Lool
sLrucLures sysLem analysls and needs analysls and Lypes of MlS ln operaLlon
LD
uevelopmenLs ln elecLronlc daLa processlng daLa hlerarchy compuLer based
lnformaLlon sysLems compuLer hardware and accessorles compuLer sofLware
evoluLlon of sysLem sofLware Lypes of programmlng languages wlLh parLlcular reference
Lo buslness and commerclal appllcaLlons sofLware developmenL sLages number
sysLem Lrend ln compuLer appllcaLlons wlLh parLlcular reference Lo accounLlng and MlS
daLa base managemenL sysLem and baslc knowledge of sofLware llke MSuCS
spreadsheeL and word processlng




IINAL LkAMINA1ICN

ALk 1 Advance I|nanc|a| Account|ng (100 Marks)
A|ms
1o ensure LhaL sLudenL undersLand and can evaluaLe Lhe prlnclples assumpLlons
and concepLs underlylng Lhe preparaLlon and presenLaLlon of company accounLs
and posslble alLernaLlves Lo Lhese bases
2 1o ensure LhaL sLudenL ls able Lo prepare flnanclal sLaLemenLs of companles ln
conformlLy wlLh currenL legal requlremenLs and professlonal sLandards of
pracLlce and are able Lo lnLerpreL Lhose flnanclal sLaLemenLs
3 1o develop Lhe sLudenL's accumulaLed knowledge lnLo an undersLandlng of Lhe
lmpllcaLlon of flnanclal accounLlng LreaLmenLs Lo groups
4 1o ensure LhaL Lhe candldaLes have compleLe knowledge of advance aspecLs of
parLnershlp and branch accounLlng
3 1o provlde an undersLandlng Lo governmenLal accounLlng sysLem

Spec|f|cat|on Gr|d

Sy||abus Contents Area We|ghtage
llnanclal sLaLemenLs and essenLlal accounLlng sLandards 40
2 llnanclal sLaLemenLs of group 23
3 Speclal accounLlng areas
AccounLlng by conLracLors
AccounLlng by leases
AccounLlng for reLlremenL
CosL and penslon plans
lorelgn currency LranslaLlon
lnvesLmenL accounLlng
!olnL venLures
9arLnershlp and branch accounLlng
4 lnLerpreLaLlon and use of flnanclal lnformaLlon





33
1C1AL 00


Contents
1 I|nanc|a| Statements
A AccounLlng for llmlLed companles and preparaLlon of flnanclal sLaLemenLs
(lncludlng cash flow sLaLemenLs) ln Lhe llghL of legal provlslons accounLlng
sLandards pronouncemenL Lechnlcal release and dlrecLlves lssued by
professlonal bodles
8 Chooslng Lhe deslgnlng accounLlng pollcles and LreaLmenLs of changes
Lhereln
C 9reparaLlon of speclflc noLes exLracL and schedules for publlcaLlon as per
parL of flnanclal sLaLemenLs

2 Lssent|a| Account|ng Standards
lnLernaLlonal AccounLlng SLandards (lAS)
2 0 2 4 9 20 22 23 24 2 2 2 3 33 34 3 3 3 39

3 I|nanc|a| Statements of Groups
A ueflnlLlon of subsldlary and assoclaLed underLaklngs
8 AccounLlng and dlsclosure requlremenLs of accounLlng sLandards relaLlng Lo
group
C ConsolldaLlon Lechnlques for balance sheeL and proflL and loss accounL
lncludlng
lnLragroup LransacLlons and balances
Coodwlll
MlnorlLy lnLeresLs
ulvldends ouL of preacqulslLlon proflLs
8evaluaLlon of asseLs and consolldaLlon
Dnreallzed proflLs and losses of groups
u AccounLlng LreaLmenL of assoclaLed underLaklngs ln proflL and loss accounL
and balance sheeL

artnersh|p and 8ranch Account|ng
lormaLlon and operaLlon ulssoluLlon upon ownershlp changes LlquldaLlon
lnsLallmenL llquldaLlon !olnL venLures Pome offlce and branch relaLlonshlps
(general procedures)

NC1L CuesLlon wlll noL lnvolve Lhe slLuaLlon of verLlcal and mlxed groups acqulslLlon
and dlsposal of lnLeresL durlng Lhe year and consolldaLlon of forelgn operaLlons




ALk 2 CCS1 AND MANAGLMLN1 ACCCUN1ING (100 Marks)

A|ms

1he undersLandlng of cosL accounLlng ln relaLlon Lo managemenL funcLlons
2 1he appllcaLlon of flnanclal lnformaLlon for conLrol purposes
3 1he developmenL and lnLerpreLaLlon of daLa for declslon maklng
4 1he Lechnlques for performance appralsal
3 1he sound undersLandlng of Lhe concepLual prlnclples and pracLlcal appllcaLlons
of modern analysls of flnanclal declslons and of Lhe Lechnlques of flnanclal
managemenL

Spec|f|cat|on Gr|d
Sy||abus Contents Area We|ghtage
1 CosL AccounLlng 23
2 lnformaLlon for ueclslon Maklng
8udgeL
SLandard cosLlng
9erformance appralsal
3 ueclslon under consLralnLs
neLworklng plannlng
1he Lheory of learnlng curve



20


9reparaLlon and lnLerpreLaLlon of llnanclal lorecasL 20
Worklng under managemenL
lnvesLmenL declslons
ulvldend declslons
valuaLlon


33
1C1AL 00







Contents
11CosL AccounLlng
CosL classlflcaLlon cosLlng meLhods and sysLem cosL esLlmaLlon cosL
apporLlonmenLs absorpLlon vs marglnal cosLlng [ob order cosLlng producL
cosLlng (lncludlng process cosLlng) and [olnLandbyproducLs

21Informat|on for Dec|s|ons
A 8reak even and cosL volume proflL analysls relevanL and apporLloned cosLs and
markeLlng sLraLegles
8 8udgets
ConcepLs of budgeLary conLrol advanLages admlnlsLraLlon and preparaLlon of
budgeLs flxed cosLs and markeLlng sLraLegles
C Standard Cost|ng
naLure and meLhod of sLandard marglnal and absorpLlon cosLlng sLandard
seLLlng varlance analysls and dlsposal of varlances use of sLandard cosLs ln
lnLernal and exLernal reporLlng responslblllLy accounLlng compasslon wlLh
budgeLs classlflcaLlon of varlances and plannlng and operaLlonal varlances
D erformance Appra|sa|
8aLlo analysls and lnLerpreLaLlon of flnanclal sLaLemenLs and pro[ecLlon uslng
operaLlng solvency and earnlngs raLlos reLurn on caplLal employed resldual
lncome conLrol of dlvlslonallsed companles value analysls work sLudy and
performance appralsal

31Dec|s|on Under Constra|nts
A Slngle ConsLralnL lnLroducLlon Lo maLhemaLlcal programmlng and ma[or forms of
llnear programmlng prlnclples formulaLlon of problems graphlc soluLlon
llmlLaLlon of llnear programmlng and shadow prlces concepL
8 Network |ann|ng
ConcepL and appllcaLlon drawlngs sample neLworks concepL of crlLlcal paLh and
floaL acceleraLed pro[ecL Llmes cosL analysls uncerLalnLy probablllLy analysls
loadlng analysls CranLL charLs and Llme managemenL
C Learn|ng Curve
1he Lheory of learnlng curve and lLs effecL ln cosL esLlmaLlon
D I|nanc|a| Iorecast
9reparaLlon and lnLerpreLaLlon of pro[ecLed flnanclal forecasLs and appllcaLlon of
probablllLy and regresslon analysls ln preparaLlon of esLlmaLes




1Work|ng Cap|ta| Management
I Work|ng Cap|ta| Genera|
a Worklng caplLal requlremenLs
b ShorL Lerm flnanclal raLlos
c Worklng caplLal and Lhe operaLlng cycle
d Sources of shorL and medlum Lerm flnance
e 9roblems relaLlng Lo worklng caplLal managemenL
II Inventory Management
a CosLs assoclaLed wlLh Lhe acqulslLlon and holdlng of lnvenLorles
b 1he derlvaLlon and use of Lhe economlc order quanLlLy (LCC) model
c CpLlmal producLlon plans
d llnanclal raLlos of lnvenLory
e Lead Llme buffer sLocks and sLockouL cosLs
f 9erpeLual lnvenLory and conLlnuous sLockLaklng
g !usLlnLlme (!l1) sLock managemenL
III Debtor]Cred|tor Management
a CollecLlon pollcles
b CredlL pollcles
c CusLomer evaluaLlon
d CredlL flnanclng (lncludlng facLorlng)
e llnanclal raLlos of lnvenLory
IV Cash Management
a Solvency and llquldlLy
b Cash flow forecasLlng
c DncerLalnLy ln cash forecasLlng
d ShorL Lerm lnvesLmenL opporLunlLles
e Cash handllng and LransacLlons
V Iore|gn Lxchange Management
a Llnes of credlL
b lorward deallng and currency exposure
c 1ransmlsslon of currency

21he D|v|dend Dec|s|on
a ulvldend and valuaLlon
b lnformaLlon conLenL of dlvldend cllenLele effecL and oLher facLors affecLlng
dlvldend levels






3Investment Dec|s|ons
a lnvesLmenL appralsal Lechnlques 9v l88 payback 8Cl and comparlson of
n9v and 8Cl
b lnvesLmenL appralsal under lnflaLlonary condlLlons
c 8elevanL cosLs
d 1he effecL of LaxaLlon upon lnvesLmenL appralsal
e 8eplacemenL declslon uslng Lhe equlvalenL annual cosL meLhod and decldlng
replacemenL pollcy
f 1he effecL on accounLlng proflLs and lnvesL raLlos of underLaklng a parLlcular
lnvesLmenL declslon
g Lease or buy declslons
h Make or buy declslons

Va|uat|on
a valuaLlon of buslness
Larnlng and asseL valuaLlon models
Merger valuaLlon models
ALLlLudes Lo rlsk and analyLlcal procedures for deallng wlLh uncerLalnLy
CLher facLors (eg Lhe lmpacL of Lhe accounLlng LreaLmenL of goodwlll and
lnLanglbles on debL covenanLs Lhe naLure of execuLlves lncenLlve conLracLs)
b valuaLlon of shares
Larnlngs dlvldend and asseL valuaLlon models
valulng mlnorlLy lnLeresLs
valulng conLrolllng lnLeresLs
CLher facLors lnfluenclng shares value (lncludlng uncerLalnLy)











ALk 3 CCkCkA1L LAW kAC1ICLS (100 Marks)

A|ms
1o provlde Lhe knowledge and undersLandlng of corporaLe and oLher relevanL laws
rules and regulaLlons and Lo famlllarlze wlLh secreLarlal pracLlces lncludlng Lhe
knowledge of handllng varlous maLLers usually expecLed Lo be lnformed by Lhe secreLary
of a corporaLe enLlLy

Spec|f|cat|on Gr|d
Sy||abus Contents Area We|ghtage
Companles Crdlnance 94
2 CLher laws rules and regulaLlons
30
23
3 SecreLarlal pracLlces 23
1C1AL 00

Contents
1 know|edge of the fo||ow|ng |aws ru|es and regu|at|ons
1he Companles Crdlnance 94 and Lhe Companles (Ceneral 9rovlslons and
lorms) 8ules 93

2 Cther Laws and ku|es
a 1he 8anklng Companles Crdlnance 92 and Lhe 8anklng Companles 8ules
93 and regulaLlons
b non 8anklng llnance Companles (LsLabllshmenL and 8egulaLlon) 8ules 2003
c 1he SecurlLles and Lxchange Crdlnance 99 and Lhe SecurlLles and
Lxchange 8ules 9
d 1he Modaraba Companles and Modaraba (lloLaLlon and ConLrol) Crdlnance
90 and Lhe Modaraba (Companles) and Modaraba 8ules 9
e 1he lnsurance Crdlnance 2002
f 1he lnvesLmenL Companles and lnvesLmenL advlsers' 8ules 9
g 1he monopolles and 8esLrlcLlve 1rade 9racLlces Monopoly ConLrol AuLhorlLy
8ules 9


h 1he Companles 9roflLs (Workers 9arLlclpaLlon) AcL 9 and Lhe Companles
proflLs (Workers 9arLlclpaLlon) 8ules 9
l 1he Workers' Welfare lund Crdlnance 9 and Lhe Workers' Welfare lund
8ules 9
[ Labor Laws (llmlLed Lo conLrlbuLlon for soclal securlLy educaLlon cess LC8l
and malnLenance of records) sLandlng orders resLrlcLed Lo graLulLy bonus
and leaves


3 Corporate Secretar|a| ract|ces as kegards the Io||ow|ng
a AppolnLmenL responslblllLles and obllgaLlons of a secreLary
b lncorporaLlon of company memorandum and arLlcles of assoclaLlon caplLal
shares debenLures and redeemable caplLal
c lloLaLlon of corporaLe securlLles lncludlng prospecLus offer of sales and
converLlble securlLles sLock exchange llsLlng rules underwrlLlng brokerage
eLc dlscounL and premlum on shares appllcaLlon and alloLmenL of shares
share warranLs and share cerLlflcaLes lssue of bonus and rlghL shares and
Lransfer and Lransmlsslon of shares of companles
d llllng requlremenLs malnLenance of sLaLuLory books and reglsLers under
relevanL sLaLuLes
e MeeLlngs of shareholders dlrecLors eLc and all proceedlngs LhereLo
lncludlng noLlces agenda quorum voLlng poll proxles resoluLlons and
mlnuLes
f 8ooks of accounLs and flnanclal reporLs audlL warranLs
g 8eglsLraLlon of morLgages and charges servlce of documenLs recelvlng of
deposlLs by company
h SecreLarlal organlzaLlon and managemenL
l Worklng procedures of SecurlLles and Lxchange Commlsslon of 9aklsLan and
Monopoly ConLrol AuLhorlLy








ALk ADVANCL 1AkA1ICN (100 Marks)

A|ms
1he alm of Lhe course ls Lo enable candldaLes Lo equlp Lhemselves wlLh advance
knowledge of Lhe law and pracLlce of lncome Lax general sales Lax and caplLal value of
Lax and galn reasonable undersLandlng of cenLral exclse duLles and ZakaL and Dshr
Crdlnance 90
CandldaLes are expecLed Lo have an undersLandlng of relevanL clrculars and
noLlflcaLlons wherever appllcable Powever noLlflcaLlons and clrculars lssued wlLhln a
perlod of less Lhan slx monLhs from Lhe examlnaLlon daLe wlll noL be LesLed

Spec|f|cat|on Gr|d
Sy||abus Content Area We|ghtage
lncome 1ax and CaplLal value 1ax 33
2 Ceneral Sales 1ax (vA1)
3 lnLroducLlon Lo CenLral Lxclse uuLles and ZakaL and Dshr
30
3
1C1AL 00

Contents
1he advanced knowledge of law and pracLlce of lncome 1ax Crdlnance 200 and lncome
1ax 8ules 2002 Sales 1ax AcL 990 CaplLal value 1ax pracLlcal problems ad
lnLerpreLaLlon of sLaLuLes baslc knowledge of CenLral Lxclse AcL 944 and ZakaL and
Dshr Crdlnance 90
1he advance LaxaLlon syllabus ls deslgned Lo bulld loglcally on Lhe basls lald ln Lhe
lnLermedlaLe examlnaLlon sLage A dlsLlncLly progresslve approach ls adopLed Lhus
Loplcs examlned aL Lhe lnLermedlaLe sLage may noL be dlrecLly reexamlned here lL
should be emphaslzed LhaL candldaLe may need Lo uLlllze knowledge and skllls examlned
ln Lhe lnLermedlaLe examlnaLlon
ln general Lhe examlnaLlon paper wlll be pracLlcally based deslgned Lo LesL a sLudenL's
ablllLy Lo apply knowledge and Lo exerclse hlgher skllls ln LaxaLlon
nowledge of speclflc double Lax agreemenL wlll noL be requlred CandldaLes are also
noL expecLed Lo quoLe speclflc legal cases