CAF-5 Financial Accounting and Reporting-II by Murtaza Quaid

This course is part of the CAF Group B Module

Students already enrolled: 10,000+

Fee: Rs 18,000

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It was great studying from sir Murtaza Quaid smart classes. His extensive experience and insightful teaching methods were instrumental in my success in the papers. The smart classes he conducted were particularly effective, providing a clear and concise understanding of complex concepts. It helps me ace my exams

MUHAMMAD HARIS

Sir Murtaza Hands down the best teacher for Tax. Best Not only that but the Team working with Sir is also amazing both TAs who helped with every single query

SHAHERYAR

Dear Sir Murtaza, just wanted to take a moment to express my heartfelt gratitude for all your guidance and support throughout in Tax and R1. Your dedication and expertise played a significant role in my success, and I'm thrilled to have achieved success in R1 and Tax. Your encouragement and belief in me made a huge difference, and I'm grateful for the opportunity to learn from you. Thank you once again for your unwavering support!

ANONYMOUS

Sir Murtaza Quaid covers all aspects of the subject and explains each topic with such command which makes it easy for the students to understand and remember the concepts.

SYED ABSAR RAZA

What you will Learn

The Financial Accounting and Reporting-II course is typically designed to provide students with advanced knowledge and skills in financial accounting and reporting. This course builds upon the foundational concepts covered in earlier accounting courses and delves into more complex and specialized accounting topics.

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.

Murtaza Quaid is an accomplished educator and distinguished professional in the realms of accounting and taxation. Holding the prestigious title of a Gold Medalist Chartered Accountant, Murtaza Quaid has achieved the highest levels of academic excellence in their field. Currently serving as the Partner at Maven Minds and as a respected co-founder at IQ School of Finance, they bring a wealth of real-world knowledge to their students. Impressively, Murtaza Quaid has shared their expertise with over thousands eager learners, making them a trusted and experienced mentor in the world of finance and taxation.