CAF-05 Management Accounting by Sir Taha

This course is part of the CAF Group B Module

Students already enrolled: 10,000+

Fee: Rs 18,000

What you will Learn

The Management Accounting course is designed to provide students with a deep understanding of accounting practices and principles related to cost management, budgeting, and decision-making within organizations. This course equips future chartered accountants with the knowledge and skills necessary to assist organizations in managing costs effectively and making informed financial decisions.

Course Content

1. Preparation of financial statements, including statement of financial position, comprehensive income, and changes in equity, along with notes, is covered alongside accounting for business combinations and associates.

2. Accounting for non-current assets involves financial instruments, leases, intangible assets, biological assets, and government grants. This section excludes certain complex aspects like hedge accounting and derivatives.

3. Ethical principles, operating and reportable segments, adjusting events, provisions, revenue recognition, tax accounting, and foreign exchange rate effects are explored within the context of International Financial Reporting Standards (IFRS) and ethical responsibilities of Chartered Accountants.

Additional Content

1. Covered standards include IFRS and related sections of the Companies Act, with topics ranging from financial statement presentation (IAS 1) to accounting for financial instruments (IFRS 9) and business combinations (IFRS 3).

2. Addresses areas such as income taxes (IAS 12), operating segments (IFRS 8), and revenue recognition (IFRS 15), along with ethical principles and reporting standards under the Code of Ethics.

3. Specific topics like leases (IFRS 16), website costs (IAS 38), and agriculture (IAS 41) are explored, reflecting a comprehensive understanding of financial reporting standards and regulations.

Taha has always been at the top of his game. As a student, he had secured many positions and declared Pakistan’s top ACCA affiliate. As a teacher he has been teaching in various famous institutes for more than a decade now.