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First Year - Semester 1

Subject Full Time Part Time

Code No. of Lecture hours per

week

No. of Tutorial hours per

week

No. of Lecture hours per week

Fundamentals of Financial

Accounting

6 2 4 HNDA 1101

Business Mathematics 4 4 4 HNDA 1102

Commercial Awareness 4 - 4 HNDA 1103

Business Communication I* 4 - 2 HNDA 1104

Introduction to Computers* 2 2 2 HNDA 1105

Total 20 8 16

* Non-graded but compulsory to pass. Evaluation Criteria Marks of Continuous assessment 30% Final assessments 70% First Year - Semester 2

Subject Full Time Part time

Code No. of Lecture

hours per week


week


Intermediate Financial Accounting 6 2 4 HNDA 1201

Statistical Analysis for Management 4 4 4 HNDA 1202

Micro & Macro Economics 4 - 4 HNDA 1203

Business Communication - II* 4 - 2 HNDA 1204

Computer Applications* 2 2 2 HNDA 1205

Total 20 8 16

* Non-graded but compulsory to pass. Evaluation Criteria Marks of Continuous assessment 30% Final assessments 70%

Second Year - Semester 1


Code No. of Lecture

hours per week


week


Advanced Financial Accounting 6 2 4 HNDA 2101

Operations Research 4 4 4 HNDA 2102

Principles of Auditing & Taxation 6 - 4 HNDA 2103

Business Communication - III* 4 - 2 HNDA 2104

Database Management Systems & Data Analysis*

2 2 2 HNDA 2105

Total 22 8 16


Second Year - Semester 2


Code No. of Lecture

hours per week


week


Cost & Management Accounting 6 2 4 HNDA 2201

Computer Applications for

Accounting

6 2 4 HNDA 2202

Marketing Management 4 - 4 HNDA 2203

Business Communication - IV* 4 - 2 HNDA 2204

Project Management Tools & Programming*

2 2 2 HNDA 2205

Total 22 6 16


Third Year - Semester 1

Subject No. of Lecture hours per week Code

Advanced Management Accounting 4 HNDA 3101

Financial Reporting 4 HNDA 3102

Business Law 4 HNDA 3103

Advanced Taxation 4 HNDA 3104

Total 16

Evaluation Criteria Marks of Continuous assessment 30% Final assessments 70%

Third Year - Semester 2


Advanced Financial Reporting 4 HNDA 3201

Corporate Law 4 HNDA 3202

Organizational Behaviour and Human Resources Management

4 HNDA 3203

Business System I 4 HNDA 3204

Total 16


Fourth Year - Semester 1


Financial Management 4 HNDA 4101

Strategic Management 4 HNDA 4102

Business System II 4 HNDA 4103

Computer Based Accounting 4 HNDA 4104

Total 16

Evaluation Criteria Marks of Continuous assessment 30% Final assessments 70% Fourth Year - Semester 2


Strategic Management Accounting 4 HNDA 4201

Financial Statement Analysis 4 HNDA 4202

Strategic Financial Management 4 HNDA 4203

Advanced Auditing & Assurance 4 HNDA 4204

Total 16



Subject Code – HNDA 1101

Fundamentals of Financial Accounting

Course Objectives and Description This syllabus provides students with understand basic principles, concepts and techniques of Financial Accounting. On completion of the course the student will be sufficiently familiar with salient principles, concepts and practices in the discipline of Financial Accounting. In addition they will be able to prepare Financial Statement of Sole Proprietorship and Partnership. Lecture Hours

Full Time Lecturers : 06 hours per week Tutorials : 02 hours per week Part Time Lecturers : 04 hours per week Evaluation

Continues Assessment 30% Final Examination 70% Total 100% Recommended Readings

- Pillai R.S.N., Bagavathi, Uma S., Fundamental of Advanced Accounting, Volume I, 1st edition, S. Chand & Co. Ltd., New Delhi, 2006.

- Shukla M.C., Grewal T.S., Gupta S.C., Fundamental Principles of Accounting, Volume I, S. Chand & Company, New Delhi, 2006.

- Gupta M.M., Agarwal B.M. Professional Education (Course 1) Agrawal’s Accountancy, Volume I, S. Chand & Company, New Delhi, 2006.

- Maheshwari S.N., Maheshwari S.K., Advanced Accountancy , Volume II, 9th edition, Vikas Publishing House Ltd, New Delhi, 2006.

Detailed Content No. of Hours 1. Introduction to Financial Accounting

04 hrs 1.1 Definitions 1.2 Accounting Equation

2. Prime Entry Books 10 hrs 2.1 Source Documents & Primary books (Purchase, Sales,

Sales Return, Purchase Return, Bills Receivable, Bills Payable, General Journal, Cash books, Petty cash book)

3. Double Entry System 04 hrs 3.1 Introduction to double entry system 3.2 Recording transaction – without subsidiary ledgers - with subsidiary ledgers (sectional balancing only) 3.3 Trial balance

4. Correction of errors 04 hrs 4.1 Types of errors 4.2 Suspense accounts

5. Reconciliations 06 hrs 5.1 Control Accounts Reconciliation 5.2 Bank Account Reconciliation

6. Adjustments 06 hrs 6.1 Stock (closing stocks, stock losses) 6.2 Accruals & Prepayments 6.3 Cash & Goods Drawings 6.4 Bad & Provision for Doubtful debts 6.5 Depreciation (straight-line and reducing balance methods), Additions and Disposals of Fixed Assets 6.6 Goods sent on Sales or Returns basis 6.7 VAT input & output 6.8 EPF, ETF and PAYE

7. Sole Traders Accounts 04 hrs 7.1 Adjusted Trial balance 7.2 Trading, Profit & Loss Accounts 7.3 Balance sheet

8. Manufacturing Accounts 02 hrs 8.1 Different Stocks, Costs and Manufacturing Costs 8.2 Concepts of Prime cost and Factory cost 8.3 Unrealized profit

9. Partnership Accounts 20 hrs 9.1 General

9.1.1 Introduction – Agreement, Partnership Act 1890 - Section 24 9.1.2 Current Account, Capital Account, Appropriation Account 9.1.3 Guarantee of profit of a partner 9.1.4 Adjustment of distributable profit

9.2 Admissions and Retirement of a partner 9.2.1 P/L sharing ratio 9.2.2 Revaluation of Assets & Liabilities 9.2.3 Calculation and Recording of Goodwill

TOTAL 60 hrs

First Year - Semester 1 Subject Code – HNDA 1102

Business Mathematics

Course Objectives and Description This Syllabus aims to ensure that students acquire an understanding of quantitative techniques used for financial decision making. Lecture Hours

Full Time Lecturers : 04 hours per week Tutorials : 04 hours per week Part Time Lecturers : 04 hours per week Evaluation

Continues Assessment 30% Final Examination 70% Total 100% Recommended Readings

- Ernes F. I. Heaussler, Jr: Recherd S. Paul, Introductory Mathematical - Mixrahi & Sullivan, Mathematics and Applied Approach (Seventh Edition) - A. Fransis, Business Mathematics - James, Donald & Louis, Intermediate Algebra - Karunarathna K. M. R. T. Business Economics- Mathematical Applications - Karunarathna K. M. R. T. Mathamatics for Computing - (Chapter on Set Theorey)

Detailed Content No. of Hours 1. Basic Mathematics 12 hrs 1.1 Algebraic Expressions 1.2 Simple equations and their application

1.3 Quadratic equations and their application 1.4 Simultaneous equations and their application 1.5 Logarithms 1.6 Linear and quadratic functions and their graphs 1.7 Arithmetic and geometrics progressions

2. Permutation and combination 04 hrs 2.1 Introduction to permutations 2.2 Introduction to combinations 2.3 Binomial Theorem for a positive integral index (Introduction) 3. Set Theory 06 hrs 3.1 Introduction to set 3.2 Properties of set 3.3 Union and Intersection (SET OPERATIONS) 4. Mathematics of Finance 10 hrs 4.1 Simple and compound interest 4.2 Present and terminal value of deposit 4.3 Present and terminal value of annuity 4.4 Loan Instalment using compound interest 4.5 Calculate IRR, TV, NPV, of a given stream of cash flows. 5. Limits and differentiation 12 hrs 5.1 Basic concept of limits 5.2 Calculate differential coefficients of simple functions without involving trigonometrically functions 5.3 Graphical interpretation 5.4 Successive differentiation 5.5 Behaviour of differential coefficient at turning points Maximum, Minimum values of a function 6. Integration 08 hrs 6.1 Introduction to Integration of simple function without involving Trigonometrically ratios 6.2 Rules of Integration 6.3 Definite Integration 6.4 Definite Integral as an area 7. Application of Differentiation & Integration 08 hrs 7.1 Demand function, revenue function & profit function 7.2 Compute Marginal cost/Revenue/ Profit functions 7.3 Compute minimum cost, maximum profit

Total 60 hrs



Commercial Awareness

Course Objectives and Description This syllabus aims to ensure that students are able to understand the basic principles and

characteristics in Business Organisation, Financial Market and Management with the recent

developments in the relevant fields.

Lecture Hours

Full Time Lecturers : 04 hours per week Part Time Lecturers : 04 hours per week Evaluation

Continues Assessment 30% Final Examination 70% Total 100% Recommended Readings - Griffin Ricky W, Management, 8th Edition, 2005, Indian Adaptation.

- Burton Gene & Thakur M, Management Today, Principles and Practice, Eighth

Reprint 2006, Tata McGraw – Hill.

- James A.F. Stoner, R. Edward Freeman, Denial R. Gilbert, Management Prentice,

Hall of India.

Detailed Content No. of Hours 1. Business Organization

1.1. Introduction to Business Organizations 04 hrs

1.1.1 What is business? (Definition)

1.1.2 Objectives of business

1.1.3 Classification of business organizations

(Sole proprietorship, Partnerships, Companies, Corporations,

Co-operatives & Departments)

1.1.3.1 Definition

1.1.3.2 Characteristics

1.1.3.3 Advantages & Disadvantages

1.2. Introduction to Non-Profit Organization 01 hr

2. Business Supporting Services

2.1 Banking System in Sri Lanka 05

hrs

2.1.1 Types of Banks (Nature and Functions)

2.1.1.1 Central Bank

2.1.1.2 Commercial Banks

2.1.1.3 Special Banks (DFCC, NDB etc.)

2.2 Insurance 03 hrs

2.2.1 Introduction

2.2.2 Principles

2.2.3 Types – Life

General – Motor, Fire, Marine, Miscellaneous

2.3 Transportation 03

hrs

2.3.1 Importance of transportation

2.3.2 Modes of transportation

2.3.3 Factors to be considered in selecting efficient

transportation mode

2.3.4 Recent developments

2.4 Communication 04 hrs

2.4.1 Importance of communication

2.4.2 Basic communication process

2.4.3 Barriers to effective communication

2.4.4 Forms of communications [Written, Verbal (Oral), Non verbal]

2.4.5 Recent developments. (GPRS, WAP, Blue tooth, etc.)

3. Financial Market in Sri Lanka

3.1 Money Market 04

hrs

3.1.1 Introduction to money market

3.1.2 Characteristics & functions

3.1.3 Instruments traded

3.1.4 Recent developments

3.2 Capital market 04

hrs

3.2.1 Introduction

3.2.2 Characteristics & functions

3.2.3 Instruments traded

3.2.4 Recent developments in capital market

3.2.5 The roles of the Colombo Stock Exchange and

Securities and Exchange Commission

3.3 Contribution of financial market to the development of 01

hr

present Sri Lankan economy

.

4. Nature of Management 06 hrs

4.1 Definitions

4.2 Importance of management in modern business

(efficiency & effectiveness, productivity etc.)

4.3 Levels of management

4.4 Managerial roles and skills

5. Management Environment 04 hrs

5.1 Internal and external environment

5.2 Organization – Environment relationships

(environmental change, complexity and uncertainty)

6. Management Functions 04 hrs

6.1 Planning

6.1.1 Introduction

6.1.2 Planning process (SWOT, PEST)

6.1.3 Organizational Vision, Mission, Goals, Objectives

and Strategies (Types and levels)

6.2 Organizing 04 hrs

6.2.1 What is organizing?

6.2.2 Organizational structure (Formal & Informal)

6.2.3 Departmentalization

6.2.4 Authority and Delegation power

6.3 Leading 04 hrs

6.3.1 Leadership – Introduction

6.3.2 Leadership & power

(Legitimate, Reward, Coercive, Referent, Expert, Using)

6.3.3 Leadership styles

6.3.4 Managerial Grid

6.4 Motivation 04 hrs

6.4.1 Introduction

6.4.2 Leading Motivation Theories

(Maslow, Two factor Theory, XY Theory)

6.5 Communication 01 hr

6.6 Controlling 04

hrs

6.6.1 Nature of controlling

6.6.2 Purpose and importance of controlling

6.6.3 Controlling process

6.6.4 Controlling techniques – Financial Management

6.6.5 Planning & control link

TOTAL 60 hrs



Introduction to Computers

Course Objectives and Description - To describe the organization and operation of computer system

- To identify functions of operating system

- To use facilities given with word processing software

Lecture Hours

Full Time Lecturers : 02 hours per week Tutorials : 02 hours per week Part Time Lecturers : 02 hours per week

Evaluation Continues Assessment 30%

Final Examination 70% Total 100% Recommended Readings

- C. S. French, Computer Application

- D.S. Yadav, Information Technology, New Age International Publishers.

- Alexis Leon & Mathews Leon, Fundamentals of Information Technology, Vikas.

Detailed Content No. of Hours 1. Introduction to Computers 06 hrs

1.1 Introduction Computer System (Block Diagram)

1.2 Memory, Control unit, Central processing unit, Registers,

Main board, ISA, PCI, AGP slots

1.3 Software, Hardware, Firmware and Live ware

1.4 I/O Devices

2. Computer Software 06 hrs

2.1 Introducing Computer Software

2.2 Software Classification

2.2.1 Application Software

2.2.2 programming languages and packages

2.2.3 System Software

2.2.3.1 Operating Systems

2.2.4 Translator Software

Compilers, Interpreters and assembler

2.3 Functions of Operating System 08 hrs

2.3.1 Logging On and Off

2.3.2 Working with Files and Folders

2.3.3 Managing Windows

2.3.4 Protecting Computers

2.3.5 Windows Tools

2.3.5.1 Disk Cleanup, Disk Defragmenter, Backup

2.3.5.2 Advanced System Information

2.3.6 Dos Commands Basics & Windows Short Cuts

2.4 Word Processing 10 hrs

2.4.1 Introducing Word Processing

2.4.2 Creating a documents with a table, charts and watermarks,

Mail merge

2.4.3 Use of Template

TOTAL 30 hrs



Intermediate Financial Accounting

Lecture Hours

Full Time Lecturers : 06 hours per week Tutorials : 02 hours per week Part Time Lecturers : 04 hours per week Evaluation Method Continues Assessment 30% Final Examination 70% Total 100% Recommended Readings

- Maheshwari S.N., Maheshwari S.K., Advanced Accountancy , Volume I,II, 9th edition, Vikas Publishing House Ltd, New Delhi, 2006.

- Pillai R.S.N., Bagavathi, Uma S., Fundamental of Advanced Accounting, Volume I,II 1st edition, S. Chand & Co. Ltd., New Delhi, 2006.

- Sri Lanka Accounting Standard Revise 2006. - Benadit, Financial Accounting - Edition 2005

Detailed Content No. of Hours 1. Incomplete Records 02 hrs

2. Accounting for Non-Profit Organisations 02 hrs

3. Partnership Accounts 10

hrs

1. Dissolution of partnership (excluding piece-meal dissolution)

2. Amalgamation

3. Conversion to a company

4. Limited Liability Companies 20 hrs

1. Introduction

Legal background (with Company Act 2006)

Reserves and Provisions

2. Shares and Share capital

Issue of shares

Forfeited and Re-issue of shares

Right issue

Bonus issue

Redemption of Preference shares

3. Debentures

Issue of Debentures

Redemption of Debentures – Sinking fund method only

4. Financial Statements (Excluding Cash Flow Statement)

Sri Lanka Accounting Standard (SLAS) No.03

Financial Statements - Publication purposes & Internal purposes

5. Ratio Analysis 02

hrs

1. Profitability Ratios

2. Liquidity Ratios

3. Efficiency/ Activity Ratios

4. Market/ Investors Ratios

6. Cash flow statement 08 hrs

1. Sri Lanka Accounting Standard (SLAS) No.09

2. Direct Method

3. Indirect Method

7. Reconstruction and Re-organization 10 hrs

1. Capital Reduction

2. Amalgamation

3. Absorption

8. Sri Lanka Accounting Standards 06 hrs

1. Background

2. Following Standards only

SLAS 5; SLAS 10; SLAS 12; SLAS 18; SLAS 36

TOTAL 60 hrs



Statistical Analysis for Management

Lecture Hours

Full Time

Lecturers : 04 hours per week Tutorials : 04 hours per week Part Time Lecturers : 04 hours per week

Evaluation Method Marks of Continuous assessment 30%

Final assessments 70% Total 100% Recommended Readings

- Pro. Jayatissa, Statistics I, II, III - Karunaratne K.R.M.T, Statistics (Principles)

- Karunaratne K.R.M.T, Statistics (Probability) Detailed Content No. of Hours

01. Introduction to Statistics 01 hr

02. Collecting & groping numerical data 06

hrs

2.1 methods of data collection

2.2 Introduction to sampling techniques

2.3 Histogram

2.4 Ogives

2.5 Frequency curres

2.6 Lorenz curve

03. Measures of central tendency (for un graphed and for graphed data) 06

hrs

3.1 Simple arithmetic mean

3.2 Median

3.3 Mode

3.4 Geometric mean

3.5 Harmonic mean

3.6 Weighted mean

04. Measures of Dispersion (for un graphed and for graphed data) 05

hrs

4.1 Absolute Dispersion

4.2 Range

4.3 Quartiles deciles and percentiles

4.4 Inter Quartiles ranger

4.5 Range of percentiles

4.6 Mean deviation

4.7 Variance and standard deviation

05. Relative Dispersion 02 hrs

5.1 Co-efficient of Variation

5.2 Co-efficient of mean deviation

5.3 Co – efficient quartile deviation

06 Skewness 01hr

6.1 Introduction

6.2 Positive skewness

6.3 Negative skewness

07 Regression Analysis 03 hrs

7.1 Introduction

7.2 Scatter diagram

7.3 Line of the best

7.4 The regression line of Y on X,Y = a+bx

08 Correlation Analysis 04

hrs

8.1 Introduction

8.2 Positive correlation

8.3 Negative correlation

8.4 Co – efficient of linear correlation

8.5 Co-efferent of rank correlation

09 Analysis of time series 04 hrs

9.1 Introduction

9.2 Component of time series

- long term trend

- Cyclical movement

- Seasonal variation

- Random/ irregular movements

9.3 Measure of long term trend

- Free hand method

- Regression line method

- Semi – average method

- Moving average method

10 Index Numbers 04 hrs

10.1 Introduction

10.2 Relative

10.3 (Price, quantity and value)

10.4 Average of Price relatives

10.5 Average of value relatives

10.6 Simple value index

10.7 Laspeyre index

10.8 Paasche index

11 Probability Distribution 08

hrs

11.1 The Binomial distribution

11.2 The Normal distribution

11.3 The Poisson distribution

11.4 The chi- square distribution

11.5 Students’ “t” distribution

12 Sampling Theory 04 hrs

12.1 Population and sample

12.2 Population parameters

12.3 Sampling distribution

12.4 The sample mean

12.5 Sampling distribution of means

12.6 Sampling distribution of proportions

13 Estimation Theory 04 hrs

13.1 Estimates

13.2 Confidence interval estimate of population parameters.

13.3 Confidence intervals for means

13.4 Confidence intervals for proportions

14 Test of Hypotheses and Significance 06

hrs

14.1 Statistical Hypotheses

14.2 Test of Hypotheses and significance

14.3 Type 1 and Type 2 errors

14.4 One tailed and two tailed test

14.5 Test of significance for large samples

14.6 Test of Significant for small samples.

15 Statistical Quality control 4 hrs

15.1 Control problems

15.2 Concept of Statistical control

15.3 Statistical nature of production process

15.4 Control chart tolerance limits, mean and range charts.

TOTAL 60 hrs



Micro and Macro Economics

Aim and objectives This syllabus aims to ensure that students are able to appreciate the basic principles concepts and techniques of microeconomics and macroeconomic theories, these economic theories tools and methods of analysis that are useful in the study of various economic issues and in business decision making. Lecture Hours

Full Time Lecturers : 04 hours per week Part Time Lecturers : 04 hours per week Evaluation Method Continues Assessment 30% Final Examination 70% Total 100%

Recommended Readings

- Robert S. Pindyck & Daniel L. Rubinfeid Microeconomics 5th edition - Roger E.A. Farmer Microeconomics 2th edition

Syllabus content and Learning out comes

1) An overview of Economics and its core concepts 06 hrs

1.1 Explain why scarcity is the most basic economic problem

1.2 Explain the relationship between limited resources an unlimited wants.

1.3 Explain the concept of opportunity cost

1.4 Distinguish between free goods and economic goods

1.5 Explain the concept of scarcity and opportunity cost with the help of the

production possibility curve.

2) Demand supply and Interaction of Markets 08

hrs

2.1 Explain the meaning of the terms “Demand” and state the law of demand

2.2 Explain the meaning of the term “supply” and state the law of supply.

2.3 Describe how supply and demand interact to determine price and what

happens when prices are above or below the equilibrium price.

2.4 Explain the government intervention in the market through price control and

indirect taxes.

2.5 Use the concept of elasticity to predict changes in quantity demanded and

quantity supplied of consumer good.

3) Theory of Consumer Behaviour 06

hrs

3.1 Explain total and marginal Utility

3.2 Determine utility maximizing choice

3.3 Indifference curves and budget line.

3.4 Determine consumer equilibrium under indifference curve approach.

3.5 Explain income, substitution and price effects

3.6 Distinguish between normal goods, inferior goods and griffin goods

4) Theory of production and cost 06 hrs

4.1 Explain law of diminishing returns and short run production care.

4.2 Explain Marginal rate of technical substitution and long run production curve.

4.3 Explain the theory of cost of production

4.4 Explain the meaning of total, average and marginal cost and short rum

cures.

4.5 Explain the economics of scale and long run cost curves.

5) Market Structures and pricing 08 hrs

5.1 Distinguish among four major categories of market structures

5.2 Assumption of perfect competition and short – run equilibrium of the firm

5.3 Explain short-run equilibrium of the industry and the firm.

5.4 Assumption of monopoly and its demand and revenue.

5.5 Explain the concept of price discrimination.

6) Factor Market 04 hrs

6.1 Explain the concept of derived demand for a factor input

6.2 Explain the concepts marginal product and marginal revenue of a factor

input

6.3 Distinguish among different income categories i.e economics rent economics

profit, interest.

7) Government and the economy 06

hrs

7.1 Explain the concepts of externalities, public goods

7.2 Define fiscal policy and its instruments.

7.3 List major sources of government revenue in Sri Lanka

7.4 Distinguish among proportional, progressive and regressive taxes.

7.5 Explain budget deficit and modes of financing the deficit in Sri Lanka

7.6 Discuss the concepts of deregulation and privatization in the context of Sri

Lanka.

8) Introduction to macroeconomics : 06 hrs

Circular flow and national income Accounting

8.1 Explain production expenditure and income methods of estimating national

income methods of estimating national income

8.2 Distinguish among Gross National Product Net National Product, National

income, personal income, and disposable personal income.

8.3 Describe how the Gross National product can be used to make comparisons

over time and between countries.

8.4 Explain why the growth rate of the Gross National product is important.

8.5 Outline the measurement problems of aggregate output.

9) Money and price level 04 hrs

9.1 Describe functions of money

9.2 Define money supply

9.3 Describe factors determining money supply in Sri Lanka.

9.4 Identify the objectives and instruments of monetary policy in Sri Lanka.

9.5 Distinguish between demand – pull and cost – push inflation.

9.6 Describe the effects of inflation.

10) International Trade. 06 hrs

10.1 Use the concepts of absolute advantage and comparative advantage to

explain why international trade.

10.2 Explain why nations put some restriction trade.

10.3 Explain how foreign exchange rates are determined.

10.4 Distinguish between a flexible exchange rate system and a fixed exchange

system

10.5 Describe what is meant by the term balanced of payments and what in

includes

10.6 Explain the concept of globalization.

10.7 Describe the role of international financial institutions.

Micro economic 1-6 38 hrs Macro economic 2-10 22 hrs

Total 60hrs



Computer Applications

Learning Objective To use the general and advance financial operations in Spreadsheet Software Packages. To demonstrate presentation skills using facilities given with Presentation Software. To describe the basic operations in Web Design. Lecture Hours

Full Time Lecturers : 02 hours per week Tutorials : 02 hours per week Part Time Lecturers : 02 hours per week Evaluation Method Assignment 30 % End Semester Examination 70 % Total 100% Reference

Preston Gralla, How the Internet Works, Tech-Media Publishers Kriss Jamsa, Konrad King, “ HTML & Web Design “, TMH. Publication Box, “Essential XML “, Pearson Education.

Detailed Content No. of Hours 1. Spread Sheet 16 hrs

1.1. Worksheet Operations

1.2. Working with Data

1.2.1. Coping and Moving, Filtering and Sorting

1.2.2. Validating, Importing

1.3. Worksheet Formatting

1.4. Charts and Graphics

1.5. Functions

1.5.1. Statistical and Mathematical Functions

1.5.2. Financial Functions

1.6. Creating Templates

1.7. Working with Multiple Worksheets and Workbooks.

1.8. Automating Task and Programmability

1.8.1. Macros(Create, Run, Edit, Delete and Stop)

1.9. Workbook and Worksheet Protection

2. Presentation 06 hrs

2.1. Creating Presentation

2.2. Setting up a Presentation

2.3. Modifying Visual Elements and Presentation Formats

2.4. Delivering Presentations

3. Introduction to Web Designing 08 hrs

3.1. Internet and Email

3.2. World Wide Web

3.3. Introduction to Hypertext Markup Language (HTML)

3.3.1. Common tags

3.3.2. Anchors, Backgrounds, Hyper linking, Lists,

3.3.3. Character Formatting, Color Control, Images

3.4 Web development with application tools

TOTAL 30 hrs

Second Year – Semester 1


Advanced Financial Accounting

Lecture Hours

Full Time Lecturers : 06 hours per week Tutorials : 02 hours per week Part Time Lecturers : 04 hours per week Evaluation Method Continues Assessment 30% Final Examination 70% Total 100% Recommended Readings

- Maheshwari S.N., Maheshwari S.K., Advanced Accountancy , Volume I,II, 9th Edition, Vikas Publishing House Ltd, New Delhi, 2006.

- Pillai R.S.N., Bagavathi, Uma S., Fundamental of Advanced Accounting, Volume I,II 1st Edition, S. Chand & Co. Ltd., New Delhi, 2006.

- Sri Lanka Accounting Standard Revised 2006. Detailed Content No. of Hours

1. Group Accounts 16 hrs

Introduction along with SLAS 25 & SLAS 26

Wholly owned subsidiaries

Consolidated Balance Sheet with one subsidiary

Inter-Company transactions

Unrealized Profit, Inter-company debtors and creditors,

Inter-company bills receivable and payables, Current Accounts only.

1.5 Revaluation of Fixed Assets

2. Miscellaneous Accounts

Branch Accounts( Excluding foreign branch) 04

hrs

Centralized

Decentralised

Consignment Accounts 04

hrs

Introduction

Accounting for Consigner

Accounting for Consignee

Joint Venture Accounts 04 hrs

Compare Joint Ventures and Partnerships

Accounting for Joint Ventures

(Memorandum A/C and separate set of books)

Royalty Accounts 04 hrs

Introduction

Accounting for Royalties (Excluding Sub Royalty)

Hire Purchase Accounts 04 hrs

Introduction

Books of Sellers

Books of Buyers

Leasing 06

hrs

Sri Lanka Accounting Standard (SLAS 19)

Accounting for Leasing

Investment Accounts 06 hrs

Introduction including SLAS 22

Accounting for Investment

Contract Accounts 06 hrs

Sri Lanka Accounting Standard – SLAS 13

Total 60 hrs



Operations Research

Lecture Hours

Full Time Lecturers : 04 hours per week Tutorials : 04 hours per week Part Time Lecturers : 04 hours per week Evaluation Method Group Assessment 30% Final Examination 70% Total 100% Recommended Readings

- Karunarathne K.R.M.T Quantitative method for Management .(Third Edition 2005) - Sudath Manjula Amarasena Operational Research. - Hamdy A Taha Operational Research. - Gupta & Kanna- Quantitative Techniques for Decision Making, 2nd edition Prentice Hall India

Detailed Content

1) Introduction to Operations Research (OR) 02

hrs

1.1 Definition of OR

1.2 The Development of OR

1.3 Operations Research Techniques

2) Linear Programming 10 hrs

2.1 Introductions of Linear programming

2.2 The basic requirements of a linear programming problem

2.3 Formulation of Linear Programming Model

2.4 Graphical solution method (Maximization /Minimization)

2.4 Basic knowledge of simplex method (Two variables)

3) Transportation Problem 10 hrs

3.1 Introduction of Transportation Problem

3.2 Operational Research solution Method for Transportation Problem

(Balanced and unbalanced transportation problem)

3.3 Finding initial solution

3.3.1 North West corner Method

3.3.2 Least cost Method

3.3.3 Vogel s Approximation Method

3.4 Finding Optimal solution

3.4.1 Stepping stone Method

3.4.2 Modified distribution method

4) Assignment Problem 08 hrs

4.1 Introduction to Assignment Problem (Balanced and unbalanced)

4.2 Solution Methods of Assignment model

4.2.1 Hungarian Method

5) Inventory Control 10 hrs

5.1 Introduction

5.2 Economic order quantity Model

5.3 Behaviour of the inventory levels

5.4 Calculation of EOQ

5.4.1 Graphical Method

5.4.2 Formula Method

6) Network analysis 12 hrs

6.1 Introduction

6.2 Drawing a network for a project

6.3 Calculation for floats for activities

6.4 Identify Critical Activities and Critical path

6.5 Perform Cost Analysis and Cost Crashing

6.6 Use CPM and PERT for controlling Projects

6.7 Calculate Probability of Completing Projects in a certain time

7) Decision Theory & Decision Tree 8 hrs

7.1 Introduction

7.2 Decision making under condition of risk

7.2.1 Expected value Analysis

7.2.2 Expected opportunity loss

7.2.3 Expected value perfect information

7.3 Decision making under conditions of uncertainty

7.4 Drawing Decision Tree

Total 60 hrs



Principles of Auditing and Taxation

Lecture Hours

Full Time Lecturers : 06 hours per week Part Time Lecturers : 04 hours per week

Taxation – 30 Hours Session

No Topic

01 History of taxation

02 hrs

I. Why taxes are imposed? (Rational of tax)

II. Principles of taxation

III. Overview of taxation

IV. Liability to income tax

i. Imposition of & liability to income tax

ii.Year of assessment and Residence or vacation

,employment ,income from properties, dividends interest and

income from other sources.

02 Sources of Income

02 hrs

03 Profits and income from employment

06 hrs

i. Component of income from employment

ii. Other benefits

iii. Year of liability and deductible expenses

iv. Rental value of residence provide

v. Taxes born by the employer

vi. Treatments for retirement benefits

vii. PAYE & direction to employers

viii. Exemptions

04 Income from property

04 hrs

i. Net annual value

ii. Rent, irrecoverable rent, furnished and

unfurnished rent

iii. occupier’s income

iv. Companies letting premises for commercial purposes

v. Exemptions

05 Interest income

01 hrs

i. Ascertainment of income from interest

ii. Special cases

iii. Exemptions

06 Divided income

01 hrs

I. Gross and net dividends

ii. Deduction of With Holding Tax

iii. Advanced company tax

iv. Tax credits

v. Inter company dividends

vi. Exemptions

07 Income from other sources

01 hrs

Royalties ,premiums ,discounts and charges or annuity

08 Ascertainment of profits and income

02 hrs

i. Allowable expenses and disallowable expenses

ii. Application of general calluses

iii. Trade, business, profession or vacation

09 Capital allowances

01 hrs

i. Allowances

ii. Cost of renewal

iii. Disposals and replacement

10 Statutory Income

01 hrs

i. Ascertainment of Statutory Income

ii. Statutory income, accounting period ,accrual and

cash basis

iii. Change of accounting period

iv. Statutory income of a child

11 Assessable Income

01 hrs

Ascertainment of Assessable Income

i. Deductions from assessable income , annuity, ground

rent, royalty and interest

ii. Losses

12

Taxable Income

02 hrs

Ascertainment of Taxable Income

i. Deductions from taxable income

ii. Qualifying Payments

iii. Allowance for qualifying payments

13 14

Calculation of Income Tax –Individuals

04 hrs

Examples I

Example II

Indirect Taxes

02 hrs

VAT

WHT

Debit Tax

PAYE

Auditing 30 Hours 1. An Overview of Auditing 04 hrs

i. Why Study Auditing

ii. Defining Auditing

iii. Distinction between auditing and accounting

iv. Types of Audits

v. Theoretical Framework of Auditing

vi. Limitations of Auditing

2. The Nature, purpose, and the scope of Audit and Audit Report

06hrs

i. The nature of the audits and the other assurance engagements

ii. The purpose of external audit

iii. Agency theory and auditing

iv. Difference between internal and external audits

v. The scope of external audits

vi. Unqualified / Qualified opinion

3. Statutory audits 06 hrs

i. The Regulatory Framework for Auditing

ii. Auditing and company legislation

iii. The audit requirement

iv. d Appointment, removal and the resignation of the auditors

v. Sri Lanka Standard on Auditing – (Basic)

vi. International and Sri Lankan standards on Accounting

vii. Regulatory Environment

Corporate Governance

Audit Committees

Internal Financial control effectiveness

Laws and regulations in an audit of financial statements

SLAUS 6: Considering of Laws and Regulations in an Audit of

Financial Statements

4. Audit Risk 08

hrs

i. Set preliminary judgments about materiality definitions

ii. Allocate preliminary judgments about materiality to segments

iii. Estimate misstatements and compare

iv. Audit Risk

v. Audit Risk models for planning

vi. Different dimensions of the audit risk

vii. Changing acceptable audit risk for business risk

viii. Inherent risk :

ix. SLAuS 10 : Risk assessment and Internal Control

5. Internal Control Systems and Assessment of Control Risks 04

hrs

i. Introduction

ii. Client and Auditor concerns on internal control systems

iii. Management risk assessment

iv. Monitoring

v. Understandings the internal control systems

vi. Documenting the internal control systems

vii. Evaluating the internal control systems

viii. Testing the internal control systems

6. Verification of Vouching 02

hrs

i. Vouching of Income and Expenses

ii. Verification of assets and liabilities

Higher National Diploma in Accountancy



Database Management Systems and Data Analysis

Learning Objective

To distinguish data and information. To manipulate data in order to obtain required information for a specific purpose. To apply statistical data analyzing knowledge for a practical application using a software package. Lecture Hours Full Time Lecturers : 02 hours per week Tutorials : 02 hours per week Part Time Lecturers : 02 hours per week Evaluation Method: Assignment 30 % End Semester Examination 70 % Total 100% Detailed Content

1. Database Management Systems 20 hrs

1.1. Basic Concepts and Definitions

1.1.1. Data, Information, Meta Data, Database

1.2. Database Management Systems

1.2.1. Definitions

1.2.2. Components of Data Base systems

1.2.3. Data independence

1.2.4. Advantages/Disadvantages

1.3. Relational Database

1.3.1. Introduction to relational databases

1.3.2. Designing database

1.4. SQL

1.4.1. Introduction to SQL

1.4.2. Creating SQL Databases and Tables

1.4.3. Selecting Data

1.4.4. Data Insertion, Updating and Deletion

1.5. Access

2. Statistical Analysis Using SPSS 10

hrs

2.1. Preparation of data set

2.2. Performing Basic statistical analysis




Cost and Management Accounting Lecture Hours

Full Time Lecturers : 06 hours per week Tutorials : 02 hours per week Part Time Lecturers : 04 hours per week Evaluation Method

Continuous Assessment 30% Final Exam 70% Total 100%


- Kishore R.M, Cost & Management Accounting, 4th Edition, Taxmann Allied Service Ltd,

New Delhi, February 2006. - Horngren C.T, Sundem G.L, Stratoo W.O, Introduction to Management

Accounting, 13th Edition, Prentice- Hall of India Ltd, New Delhi, 2006. - Horngren C.T, Datar S.M, Foster G, Cost accounting, 12th edition,

Prentice- Hall of India Ltd, New Delhi, 2006. Detailed Contents No. of Hours

1) Role & Scope of the Cost and Management Accountancy 02

hrs

1.1 Scope of Cost Accounting

1.2 Scope of Management Accounting

1.3 Difference between Management Accounting,

Cost Accounting and Financial Accounting

2) Classification of Costs 02 hrs

2.1 Definition of each Key term (eg: Cost, Unit cost, Cost units, Cost

centres…..etc.)

2.2 Classification of cost for different purposes

2.2.1 Inventory valuation and profit measurement

(Direct - Indirect, manufacturing -non-manufacture,

Product – period, job – process)

2.2.2 Decision Making (fixed, variable, semi-variable/fixed,

Relevant and irrelevant, sunk, opportunity and marginal)

2.2.3 Control (controllable and uncontrollable)

3) Accounting for Material 04 hrs

3.1 Introduction and Importance of materials in manufacturing

(purchase, storage and issuing)

3.2 Material control process

3.2.1 Purchase control

3.2.2 Stock control

Centralized stores

Central stores

Independent stores

Various method of inventory control (ABC analysis and Two bin

system)

Stock level with EOQ

3.2.3 Issuing control

Various pricing methods (FIFO, LIFO and Weighted Average only)

4) Accounting for Labour 02

hrs

4.1 Importance of peoples cost

4.2 Remuneration methods (Flat time rate, piece rate)

4.3 Incentive scheme (Halsey, Halsey-wair, Bath and Rowan, Group bonus

scheme)

5) Accounting for Overhead 04 hrs

5.1 Allocation and apportionment of overhead cost

5.2 Re- apportionment of service department (Repeated and simultaneous)

5.3 Absorption and overhead (Category of absorption overhead rates)

5.4 Activity-Based Costing (ABC)

6) Absorption costing and Marginal costing 02 hrs

6.1 Explain the different between absorption and marginal costing system

6.2 Prepare profit statement based on absorption and marginal costing method

7) Cost Volume Profit Analysis 04

hrs

7.1 Identify the relationship between cost, volume and profit

7.2 Calculate contribution, Contribution Sales Ratio, Break Even Point,

Margin of safety, desired profit under graphical and equation for single

product

8) Special short term decision making under marginal costing techniques 10

hrs

8.1 Limiting factors – Optimum Product Mix

8.2 Make or buy decision

8.3 Shut down or continuation of product/ section

8.4 Accepting or Rejecting a new order

9) Cost accounting, Integrated and Interlocking 06 hrs

9.1 Different between integrated and non-integrated

9.2 Advantages and disadvantages of integrated interlocking system

9.3 Prepare accounting entries for integrated accounting system and interlocking

accounts

10) Job costing 03 hrs

10.1 Nature of Job costing

10.2 Advantages and disadvantages of job costing

10.3 Job cost card

10.4 Enter transactions in the job ledger

11) Process costing 06 hrs

11.1 Nature of Process costing

11.2 Distinguish between job costing and process costing

11.3 Account for process cost, normal losses, abnormal losses and gain.

11.4 Calculate the value of work in progress using the FIFO and

weighted average methods

12) Joint and by product 03

hrs

12.1 Calculate joint cost apportionment method

12.2 Alternative method of accounting for by products.

13) Budgeting 06 hrs

13.1 Functional budget (sales, production, material, labour and overhead

13.2 Cash budget

14) Standard costing and variance analysis 06 hrs

14.1 Identify the reasons for using standard costing

14.2 Calculate basic variance for material, labour and overhead

Total 60 hrs




Computer Applications for Accounting

Intended Learning Outcomes:

Apply IT Knowledge in the Accounting function as a solution provider

Conduct a project relating to accounting and costing and the accounting users in

commercial environments

Describe the important aspects of computerization of accounting data and usage of

statistical knowledge for the accounting research

Lecture Hours

Full Time Lecturers : 06 hours per week Tutorials : 02 hours per week Part Time Lecturers : 04 hours per week Evaluation Methods:

Projects with HTML 10%

Student presentation _Excel 10%

Student presentation _ HTML 10%

Final Practical Examination 70%

Total Marks 100%

Syllabus:

Module 1: Computer Application for Accounting Using Spreadsheet

Sample Preprogrammed Problem

Sample Worksheet Tickler

Sample Chart Tickler

1. Introduction to Preprogrammed Problems 10 hrs

Business Transactions

Worksheet

Merchandising Worksheet

Merchandising Enterprise

Bank Reconciliation

Aging Accounts Receivables

Inventory Cost Flow Assumptions

Gross Profit Method

Depreciation

Partnerships

Bond Pricing and Amortization

Consolidations

Statement of Cash Flows

Ratio Analysis

Manufacturing Accounting

Process Costing

Cost Volume Profit Analysis

Variable Costing

Master Budgeting

Departmental Income Statements

Capital Budgeting

Sample Model Building Problem

2. Introduction to Model Building Problems 10 hrs

Trial Balance

Financial Statements

Inventory Valuation

Percentage of Contract Completion

Partnership: Division of Net Income

Income Statement

Book Value per Share

Constant Rupee Income Statement

Bond Premium and Discount Amortization Schedule

Vertical and Horizontal Analysis

Cost Volume Profit Analysis

Gross Profit Analysis

Cash Budgeting

Sales and Production Budgets

Variance Analysis

Incremental Analysis

Instalment Sales

3. Introduction to Model Building Cases 10

hrs Financial Statement Preparation

Financial Analysis

Three-Month Master Budget

Module 2: Html for Accounting

4. Overview of Internet Explorer 5 05

hrs Identify the structure and purpose of the Internet

Launch Internet Explorer 5

Identify Internet Explorer 5 Screen Elements

Using Hyperlink

Selecting a Page for Offline Viewing

Synchronize and Work Offline

Downloading a File

Launch the Newsreader from Internet Explorer 5

5. Introduction to HTML 13 hrs

The Concept of Web Page, Home Page and URL

Start and End Document with HEAD and TITLE Tags

Format Document with BODY Attributes, which are BGCOLOR, and TEXT

Format Document with H, P,BR, and Comment !—and – tags

Format Document with B, U, I, and BLOCKQUOTE

Format Font with FONT attributes which are COLOR, FACE, and SIZE

Insert image in document using IMGSRC and its attributes which are ALIGN,

HEIGNT, NAME and WIDTH

Work with anchors: make link to another page, and email address

To work with List

Module 3: Statistical Package for Accounting

6. Introduction to Statistical Package 12 hrs

Navigating a workbook in SPSS Package

Difference between Excel and SPSS for Statistics

Introduction to Statistical Formula and work with SPSS package and Excel

Introduction of Mini tab, Statistical packages for statistics

Applying basic Formula to a mini research

Total 60 hrs Assignments:

Students are required to work in groups (3 students per group) and identify a problem

related to an organizational context to conduct a survey. After collecting data students

should analyze data and produce a written report.

Mandatory Practical Works:

4 Practical hours per week




Marketing Management

AIM To facilitate the HNDA students to gain marketing knowledge which is essential for modern business world

Learning Outcomes After completing this subject students should be able to,

1. Understand the concepts philosophies and principles of Marketing Management. 2. Understand the role of marketing within the overall functions of the organization 3. Review the changing nature of marketing field. 4. Understand the elements of marketing mix and its application in practice. 5. Asses the impact of social, cultural, personal and psychological factors on consumer

behaviour. 6. Understand the role of marketing in service and nonprofits organizations. 7. Identify the basic marketing process.

Lecture Hours

Full Time Lecturers : 04 hours per week Part Time Lecturers : 04 hours per week

Evaluation Method Continues Assessment 30% Final Examination 70% Total 100% Recommended Readings

- Kotler P., Armstrong G., Principles of Marketing, 11th Edition, Prentice-Hall, India, 2005.

- Kotler P., Marketing Management, 12th Edition, Prentice-Hall, India, 2006. Detailed Content No. of hrs 1. Introduction 06 hrs

Definition of Marketing

Core Marketing concepts

Importance

Marketing philosophies/ concepts

Marketing process

2. Marketing Environment 04 hrs

Micro environment

Macro environment

Marketing Audit

3. Buying Behaviour 08 hrs

Consumer buying behaviour

Consumer buying behaviour

Factors affecting consumer buying behaviour

Organizational buying behaviour

Introduction

Factors affecting organization buying behaviour

4. Marketing information system 08 hrs

Introduction

Internal records

Marketing intelligence

Marketing Decision Support System

Marketing Research

5. STP Approach 06

hrs

Segmentation

Definition

Bases

Levels of Segmentation

Targeting

Evaluation of Segments

Selection

Targeting strategies

Positioning

Introduction

Positioning Strategies

6. Marketing Mix 12

hrs

Product

Definition

Product levels

Product mix decisions (line, length, depth, width and consistency)

Brands and Branding decisions

Packaging

Price

Pricing objectives

Factors affecting to pricing decisions

Pricing methods

New product pricing strategies

(skimming & presentation)

Distribution Mix

Introduction

Channel function

Channel levels

Promotion

Introduction to IMC

Promotion Mix

(Advertising, Sales promotion, personal selling,

public relation & direct marketing – Definition and techniques)

7. Service Marketing and non profit organization 04 hrs

Introduction and characteristics

Extended Marketing Mix

(Bps people process, physical evidence)

8. Marketing Strategies 04

hrs

New product development process

Product Life Cycle

9. International Marketing 06 hrs

Introduction

Steps in Marketing (Indirect, Export, Direct,

Joint venture, overseas, global)

International Trading Procedure

(Including pricing method)

Documentation

10. Marketing Planning 02 hrs

10.1 Marketing planning process

10.2 Contents of Marketing plan

TOTAL 60 hrs




Project Management Tools and Programming

Learning Objective

To relate project planning concepts with the software package.

To develop software solution using a programming language

Lecture Hours

Full Time Lecturers : 02 hours per week Tutorials : 02 hours per week Part Time Lecturers : 02 hours per week

Evaluation Method:

Assignment 30 %

End Semester Examination 70 %

Total 100 %

Reference:

Bob Hughes and Mike Cotterell, Software Project Management, Tata McGraw-Hill

Elaine Marmel, Microsoft Office Project 2003 Bible, Wiley Publishing Inc.

Detailed Content No. of hrs

1. Project Management 12 hrs

1.1. Introduction to Project Management

1.2. Software Tools for Project Management (Microsoft Project)

1.3. Use of Software (Microsoft Project) to Assist in Project Scheduling

1.4. Use of Software (Microsoft Project) to Assist in Resource Leveling

1.5. Use of Software (Microsoft Project) to assist in Cost Management

2. Programming with Visual Basic 18

hrs

2.1. Basic Concepts in Programming

2.2. User Interface Design

2.2.1. Forms, MDI Forms

2.2.2. Use of Visual Controls (Labels, Text Box, Combo Box, Command Button,

List Bo

2.3. Event Handling

2.4. Menu Handling


Third Year – Semester 1


Advanced Management Accounting Lecture Hours

Full Time Lecturers : 04 hours per week Evaluation Method

Continuous Assessment 30% Final Exam 70% Total 100%


i. Pandy I.M., Management Accounting, 3rd revised edition, Vikas Publishing House, New Delhi, 2006.

ii. Atkinson, Banker, Kaplan, young, Management Accounting, 3rd Edition, Prentice Hall of India, New Delhi, 2003.

1) Marginal costing techniques for long-term decision making 12 hrs

1.1 Risk and Uncertainty

1.2 Cost Benefit Analysis

1.3 Sensitivity Analysis

1.4 Activity Based Management

2) Variance analysis 10 hrs 2.1 Setting the standards 2.2 Calculations of sales variance 2.3 Calculations of cost variance 2.4 Reconciliation between actual performance and standard or budget 2.5 Interpretation of Variance

3) Project appraisal 14 hrs 3.1 Payback Period

3.2 Accounting Rate of Return (ARR) method

3.3 Average Rate of Return (ARR) method

3.4 Net Present Value (NPV) method

3.5 Profitability Index

3.6 Internal Rate of Return (IRR) method

3.7 Discounted Payback method

3.8 Adjustment for Income tax, Depreciation, Capital allowances, Working capital

and scrap value

4) Budgeting 08 hrs

4.1 Functional budgets and Cash budget

4.2 Master budget

4.3 Flexible budget

4.4 Zero-base budget

5) Transfer Pricing 06 hrs

6) Performance measures 08 hrs

TOTAL 60 hrs




Financial Reporting

Lecture Hours

Full Time Lecturers : 04 hours per week

Evaluation Method Continues Assessment 30%

Final Examination 70% Total 100% Recommended Readings

- Maheshwari S.N., Maheshwari S.K., Advanced Accountancy, Volume I,II, 9th Edition, Vikas Publishing House Ltd, New Delhi, 2006.

- Pillai R.S.N., Bagavathi, Uma S., Fundamental of Advanced Accounting, Volume I,II 1st Edition, S. Chand & Co. Ltd., New Delhi, 2006.

- Sri Lanka Accounting Standard Revised 2006. Detailed Content No. of hrs

1. The Financial Reporting Environment 03 hrs

Definition

The FASB conceptual framework of Accounting

SLAS 3 – Presentation ….. F/S

2. Tangible Non Current Assets 04

hrs

SLAS 18 – Properly plan. Equipment

Capitalization of Borrowing Cost – SLAS 20

3. Investment Property – SLAS 40 04 hrs

4. Intangible Non Current Assets

03 hrs

SLAS 37 – In….Assets

Resolving Accounting Problems – SLAS 37

5. Accounting for Taxation in Company Accounts

05 hrs

Need for Deferred Tax

Tax Effect on Accounting – SLAS 14

Deferral method & Liability Method

Deferred Tax Provision

Tax Losses

Deferred Tax on Revaluation of Non Current Assets

6. Forms of Off Balance Sheet Finance & Substance Over

04 hrs

7. Accounting for Financial Instrument 05

hrs

Financial Instruments Recognition

8. Provisions and Contingent Liabilities – SLAS 36

04 hrs

Measurement and Disclosure –SLAS 36 (Definition, Classification as Liabilities 04 hrs

and/or Equity)

Measurement of Provisions

9. Revenue and Distributable Profits 04

hrs

Meaning and recognition of Revenue – SLAS 29 – Revenue

Distributable profits

10. Reporting financial Performance 04

hrs

Earnings per share –SLAS 34

11. Segmental Reporting

04 hrs

Definitions

Different Approaches used to Disclose Reporting

12. New Trends in Financial reporting

04 hrs

Secondary Environment

Current Reporting Requirements for Environment reporting

Accounting for environmental cost

13. Social Accounting and Reporting

04 hrs

Culture and Accounting

Corporate Social Reporting

Social Reporting in Practice

14. Disclosure of Non financial Information and future Directions in Reporting

04 hrs

Expanded use of forward looking information

Business reporting on the internet

Total 60 hrs




Business Law

AIM :

This module business law aims to provide theoretical and practical knowledge pertaining to

essential elements of commercial laws which are required to assess to the business world.

This should help to know at what point in a dispute, legal advice is appropriate. So this

module will provide a broad picture of the various aspects of the business & labour laws

in Sri Lanka.

LEARNING OUTCOMES:

Followings are the learning outcomes of this subject area.

* Define the concepts of business & Labour laws

* Explain the role of law in business society

* Illustrate the legal practices of theoretical concepts in various branches of

business entities

* Apply the practices of legal concepts in particular statues & cases to the

determination of disputes

* Develop an analytical approach to the application of legal principals

Course Evaluation:

Final Examination : 70%

Continuous Assessment : 30%

Total : 100%

Lecture Hours:

Full time - Lectures : 04 hrs per week

Part time - Lectures : 04 hrs per week

RECOMMENDED READING:

1. An outline of the laws & the legal system - Dr. M.J.A.Cooray of Sri Lanka

(Published by the Institute of Bankers in S.L - 2003)

2. Judicial system of Sri Lanka (Marga Institute Publication - 2002)

3. Constitutional & Administrative Law of Sri Lanka -J.A.L. Cooray

4. Recent Developments in administrative Law - G.L. Peiris

(Sarvodaya book publishing service - 1988)

5. An Introduction of the legal system of Sri Lanka - L.J.M. Cooray

6. The law governing public administration - Dr. Wickrama Weerasooriya in Sri Lanka

(Post Graduate institute of management - 2004)

7. The legal Environment of Business - E. William McCarat John W.Bagby

8. The Law of contracts - C.G. Weeramanthree , Lawman(India) Pvt. Ltd

9 Commercial Law - G.J. Bornee 2nd Ed. Butterworths

10. Commercial Law - Lam Sinn Hai International Law Book services

11 Labour Laws - Upasiri Kariyawasam Chandrakanthi Press International (Pvt.)

Ltd.

12 The Concept of misconduct in the termination of employment

- Irwin Jayasooriya A Stamford lake publication - 2003

16 The Industrial Disputes Act No. 43 of 1950.

17 The Termination of Employment of Workmen (Special Provision) Act No. 45 of

1971.

18 The Payment of Gratuity Act No. 12 of 1983.

19 Workmen Compensation Ordinance Act No. 19 of 1934.

20 The Shop & Office Employees Act No. 19 of 1954.

21 Employees Provident Funds Act No.19 of 1958.

22 Employees Trust Funds Act No. 46 of 1980

Detailed Content

Week Topics Teaching strategies

01

(1) Introduction to legal systems in Sri Lanka. 06

hrs

1.1 Sources of Law

1.2 Legal system in Sri Lanka

Lecturing

Class room

Discussion

02 1.3 Judiciary system in Sri Lanka

(2) Introduction to Constitutional & Administrative

Law.

06 hrs

2.1 The constitutional changes in Sri Lanka.

Lecturing

Class room

Discussion

2.2 Fundamental Rights & their enforcement

03 2.3 The Prerogative writs

2.4 Principal of Natural Justice in decisions

making by

public authorities.

Lecturing

Tutorial

04 (3) Law of Contract.

12 hrs

3.1 Formation of a contract.

3.2 Effective factors for the validity of a

contract

3.2.1 Mistake

3.2.2. Misrepresentative

3.2.3. Undue influence

3.2.4. Duress

3.2.5. Illegality

Lecturing

Class room

Discussion

Case study

05 3.3 Effects of exemption clauses & the

unfair contract

terms act no 26 of 1997.

3.4 Classification of contracts

Lecturing

Tutorial

06 3.5. Violation of Contract

3.6 Discharge of contracts

3.7 Remedies for breach of contract.

Lecturing

Case study

07

(4) Sale of Goods 08 hrs

4.1 Define ' Goods ' & ' A sale of contract '.

4.2 Distinguish a contract for sale of goods

Lecturing

Class room

Discussion

from an

other contracts in the business society

08 4.3 Identify the implied conditions &

warranties under

the section of the Act.

4.4 Identify the remedies which are available to a

buyer

and seller.

Lecturing

Case study

09 (5) Law of Agency 04 hrs

5.1 Define ' principal ' & ' Agent ' under the

law of

Agency.

5.2 Identify the different methods of principal-agent

relationship.

5.3 Explain different types of authority an

Agent may

acquire including the duties of the Agent

towards

his principal.

5.3 Termination an Agency.

Lecturing

Class room

Discussion

Tutorial

10 (6) Service Agreement & the Labour Enactments.

16 hrs

6.1 Distinguish the employer, employee and

the

independent contractor in the service

agreements.

6.2 Identify the ' Public Official '.

Lecturing

Class room

Discussion

Case study

11 6.2.1 Special legal provisions of public

officials. 6.2.2 Bribery corrections and

the public officials

6.2.3 The Auditor – General

6.2.4 The establishment code, the

financial

regulations & parliamentary control of

public enterprises.

Lecturing tutorial

Case study

12 6.3 Explain and apply the main provisions

contained in

the following statues.

6.3.1 The Industrial Disputes Act No. 43

of 1950.

Lecturing

Class room

Discussion

13 6.3.2 The Termination of Employment

of Workmen

(Special Provision) Act No. 45

of 1971. 6.3.3 The Payment of Gratuity

Act No. 12 of 1983 6.3.4 Workmen Compensation

Ordinance

Act No. 19 of 1934

6.3.5 The Shop & Office Employees Act No.

19 of

1954.

Lecturing

Class room

Discussion

Lecturing

Tutorial

6.3.6 Employees Provident Funds Act

No.19 of

1958

6.3.7 Employees Trust Funds Act No.

46 of 1980

14 (7) Negotiable Instruments.

04 hrs

7.1 Distinguish deferent types of Negotiable

instruments.

7.2 Explain their functions including the legal

principles

& commercial significance

Cheques.

Bill of Exchange

Promissory Note

Endorsements

Crossings

Dishonour

Banker’s liability

Holder in due course

Lecturing

Class room

Discussion

Tutorial

15 (8) Insurance

04 hrs

8.1 Legal principles reg. formation of a

contract

of insurance.

8.2 Distinguish between insurance, assurance &

wagering contracts.

8.3 Explain the concepts of "Unbrrimae fidei" ,

Lecturing

tutorial

insurance interest and indemnity.

Total 60 hrs




Business Systems I

Learning Objective To determine software requirements for an organization.

To adapt system development methodologies to develop Information Systems.

To identify how information supports business strategy

To explain how information systems contribute to the management of an enterprise.

Lecture Hours :


Evaluation Method: Assignment 30 % End Semester Examination 70 % Total 100%

Reference:

Jeffrey L. Whitten, Lonnie D. Bentey, Kevin C. Dittman , Systems Analysis and Design Methods, 5th edition, Tata McGraw-Hill, 2001. ISBN 0-07-044539-7. Philip L Weave, Practical SSADM version 4+ – A Complete Tutorial Guide r, Pitman publishing, 1995. ISBN 0-273-60095-8. Mark Lejk, David Deeks, An Introduction to Systems Analysis Techniques, Prentice Hall,1998. System Analysis and Design by Don Yeates, Maura Shields and David Helmy, Longman group limited, 1994. T .Lucey, Management Accounting 3rd edition


1. Management Information Systems 02 hrs

1.1. Information Systems in an Organization

1.2. MIS support for business functions

1.3. Role of Information Systems in the Planning Process

1.4. Methods of acquiring Information Systems

2. Business Systems, Systems Analysis and Design 18

hrs

2.1. Business Systems Development Process

2.1.1. Methodologies

2.1.2. Modeling Methods

2.1.3. Tools

2.2. Concept of Business Automation

2.3. Concept of Business Rationalization

2.4. Principles of Business Process Re-Engineering

2.5. System Development Life Cycle (SDLC)

2.6. Development Methodologies

2.6.1. Linear or Waterfall Cycle

2.6.2. Linear Cycle Phases: Problem Definition, Requirement Analysis, System

Design, System Development, Testing and Maintenance

2.6.3. Problems with Linear Life Cycle

2.6.4. Iterative Cycles

2.6.5. Spiral Model

2.7. Problem Definition

2.7.1. Finding Problems

2.7.2. Informal Methods, External and Internal Considerations

2.7.3. Cost Benefit Analysis

2.7.4. System Proposals

2.7.4.1. Feasibility analysis of candidate systems

2.7.4.2. Producing a system proposal

2.8. Requirements Analysis

2.8.1. Identifying Requirements

2.8.1.1. Requirements Discovery Methods

2.8.1.2. The Major Tools Employed in Checkland’s Soft system Methodology

2.8.1.2.1. Root Definitions

2.8.1.2.2. CATWOE(Customer, Actor, Transformation, Wettanschauung,

Owner, Environment)

2.8.1.2.3. Conceptual Model

2.9. System Design

2.9.1. System Design Methods

2.9.1.1. Model Driven Design

2.9.1.2. Rapid Application Development

2.9.1.3. Prototyping

2.9.1.4. Joint application development

2.10. Quality of the Finished System

2.10.1. Management

2.10.2. Planning

2.10.3. Control of a systems development project

2.11. Introduction of a new Accounting Information System (Accountants Role)

2.11.1. Establishing and recording user requirement’s role

2.11.2. Investigation and feasibility study

2.11.3. Developing a solution to fulfill requirements

2.11.4. Initial system design(including controls and security)

2.11.5. Technical information and systems requirements

2.11.6. Specification of hardware and software( software package selection and/or

specification for bespoke programming work)

2.11.7. Implementing security requirements

2.11.8. Testing

2.11.9. System conversion and state-up

2.11.10. Post implementation review

3. Controls and Standards 02 hrs

3.1.1. Application of controls and standards in SDLC

3.1.2. System maintenance and evaluation

3.1.3. Risks to IT systems (Hackers and Viruses)

3.1.4. Applied to information systems for the purpose of audit and security

3.1.4.1. Computer Risk Management

3.1.4.2. Backup Procedures

3.1.4.3. Controls over Data Integrity

3.1.4.4. Computer Audit

3.1.4.5. Passwords and Logical Access System

3.1.4.6. Personal Security Planning

4. Information Systems and Competitive Position 06

hrs

4.1.1. PEST (Political, Economic, Social and Technological) influences on

Organizations.

4.1.2. Perform PEST analysis for a given organization in the context of information

systems strategic planning.

4.1.3. The role of strategic information systems as computer systems within an

organization that enable changes to goals, processes, products, service or

environmental relationships.

4.1.4. How information systems strategy should align with business strategy using

IS to create competitive advantage.

4.1.5. How porter’s value chain relates to competitive advantage in the context of

information systems and perform an analysis in a straightforward situation.

5. Knowledge Management and Information Systems 02 hrs

5.1.1. Principles of data mining and data warehousing.

5.1.2. Difference between data workers and knowledge workers and the appropriate

types of applications used by each.

5.1.3. How organizations can create competitive advantage by the use of

knowledge management systems.

5.1.4. Knowledge Types (Created or Captured, Codified, Shared, Distributed)




Advanced Financial Reporting

Lecture Hours

Full Time Lecturers : 04 hours per week Evaluation Method Continues Assessment 30% Final Examination 70% Total 100% Recommended Readings

- Maheshwari S.N., Maheshwari S.K., Advanced Accountancy , Volume II, 9th edition, Vikas Publishing House Ltd, New Delhi, 2006.

- Sri Lanka Accounting Standards Revised 2006


1) Preparation of Consolidated Financial Statements under different Group Structures

08 hrs

1.1 Different possible structures of a Group

1.2 The Effect of group financial statements of using direct and indirect method to

consolidate sub subsidiaries

1.3 Preparation of consolidated Profit and Loss Account

2) Changes in the composition of a Group

06 hrs

2.1 Piecemeal Acquisition of a Subsidiary

2.2 Disposal of Subsidiary

2.3 Alternative Treatment of Subsidiaries in Goodwill on Disposal and How it can

Effect the reporting Profit

3) Accounting for Associated Companies 06 hrs

3.1 SLAS 27- Accounting for Investment in Associated Companies

3.2 Equity Method of Accounting

3.3 Other Methods of Accounting for Associated Companies

3.4 Equity Method where Consolidated Accounts are not prepared

4) Preparation of Consolidated Cash Flow Statements 04

hrs

4.1 Preparation of Consolidated Cash Flow Statements

4.2 Acquisition and Disposal of Subsidiaries

4.3 Consolidated Adjustments and Minority Interest in Associated Undertakings

5) Accounting for Mergers and Acquisitions 04 hrs

5.1 Definitions - Mergers and Acquisitions

5.2 Operational Difference between Mergers and Acquisitions

5.3 Accounting treatment differences between Mergers and Acquisitions

5.4 Disclosure requirements under SLAS 25 –Business Combinations

5.5 Preparation of Consolidated Profit and Loss Account using Merger Method

5.6 Treatment for Minority Interest

6) Accounting for Joint Ventures 02

hrs

6.1 SLAS 31 – Financial Reporting of Interest in Joint Venture

7) Candidates are expected to have a following SLASs 20 hrs

7.1 SLAS 11- Research and Development Cost

7.2 SLAS 16- Retirement Benefits

7.3 SLAS 23- Revenue Recognition in Banks

7.4 SLAS 24- Accounting for Government Grants and Disclosure of Government

Assistance

7.5 SLAS 30- Related Party Disclosures

7.6 SLAS 31- Financial Reporting of Interest in Joint Ventures

7.7 SLAS 32- Plantations

7.8 SLAS 33- Revenue Recognition and Disclosures in the Financial Statements

of

Finance Companies

7.9 SLAS 35- Interim Financial Reporting

7.10 SLAS 38- Discontinuing Operations

8) Measurement of Income and Capital 02

hrs

8.1 Explain the issues surrounding assets valuation and Revenue recognition –SLAS

29

9) Analysis and Interpretation of Financial Information 08

hrs

9.1 Identify information required to assess financial performance and position

9.2 Limitations of Information contained in financial statements

9.3 Relevant Indicators for specified purposes from ratios (including stock market

ratios,

trends and interrelationships

9.4 Calculate selected indications

9.5 Specify additional Information required for and analysis

9.6 Draw Conclusions

Total 60 hrs




Corporate Law

AIM:

This module corporate law aims to provide a board theoretical and practical knowledge in

various aspects of companies in Sri Lanka.

LEARNING OUTCOMES:

Followings are the learning outcomes of this subject area.

* Define the legal provisions pertaining to the incorporation, financing

Management, administration auditing, different types of liquidation of

companies.

* Explain the relevant legal in a given scenario concerning the formation if a

company and commencement of business applying the principles.

* Applying the legal principals to develop an analytical approach.

Lecture Hours:


Part time - Lectures : 04 hrs per week

Course Evaluation:

Final Examination : 70%

Continuous Assessment : 30%

Total : 100%

RECOMMENDED READING:

1. The New Companies Act No. 07 of 2007.

2. Corporate Law; Derivative Actions - Harsha Kabral (2004)

(A Comparative Approach)

3. Company Law of Sri Lanka (2nd Ed.) - K. Wickramasinghe (1992)

4. Company Law (1981 – 2002) - M.P.de Silva

(Digest of reported cases)

5. Practical Business Law - A. A (MacDonald & Erans)

6. Cases in Company Law - M.C. Oliver (MacDonald & Erans)

7. Simplified guide to the New Companies - Kandiah Neelakandan Act No. 7 of 2007

Indicative Content: Week Topics Teaching

strategies

01

(1) Corporate forms of business.

04 hrs

1.1 Differences between a public company and a

partnership in respect of legal Personality,

Creation, Raising Capital ultra vires, Liability, Management,

Accounting & winding up.

1.2 Describe & explain the difference between and the

relative advantages of above entities.

1.3 State the provision of the companies Act as to

when a private company become a public limited

Lecturing

Group

Discussion

liability company.

02 (2) Formation of a company & commencement of a

business.

04 hrs

2.1 Describe essential characteristics of companies

under the new company Act.

2.2 Explain the requirements for incorporation a

company name & changes, Articles of

association.

2.3 Explain the legal effect of pre-incorporation

Contracts.

Lecturing

Class room

Discussion

Tutorial

03 (3) Classification of companies.

04 hrs

3.1 Limited & unlimited companies.

3.2 Companies limited by Guarantee

3.3 Private companies

3.4 Off - shore companies

Lecturing

Group Activity

Case study

04 (4) Share & loan capital

14 hr

4.1 Specific requirements for the prospects.

4.2 Describe legal consequences of an omission

Lecturing

form

or misrepresentation in a prospects to the

company its promoters / experts / allotters.

4.3 Describe the features of the type of shares

Ordinary / Preference / Redeemable

preference /

Founders or Management / Non – voting.

Class room

Discussion

Tutorial

05 4.4 Explain what is meant by the following types

of

capital and the relationship between them.

4.4.1 Authorized share capital/ Issued share

capital/ Called-up share

capital/Paid-up share capital/ Reserve

capital/Capital Reserve.

4.5 Explain the purpose of the Act rules relating to

commission & discounts on the allotment/

Reduction of share capital/ Redemption of

preference shares/ Company purchasing its own

shares/ payments of dividends/ Cross holdings.

Lecturing

Class room

Discussion

Group Activity

06 4.6 Distinguish the terms 'share certificate' and

'share

warrant' of negotiability.

4.7 Describe & explain the legal requirements

relating

to the transfer of shares & debentures.

Lecturing

Class room

Discussion

07 4.8 Shareholders & their right & obligations.

4.8.1 Meaning of share holders.

4.8.2 Liability of share holders.

4.8.3 Prowers of share holders.

4.8.4 Minority By-out rights.

4.8.5 Purchasing of shares by third party.

(5) Management & Administration 04

hr

5.1 Management of a company & Mayer

transactions

5.1.1. Delegation of powers.

Lecturing

Class room

Discussion

Tutorial

08 5.2 Describe the legal rules concerning the appointment

qualification, authority, functions resignation,

retirement & removal of company directors.

5.3 Describe the legal rules concerning the

appointment, qualification, authority, functions of a

company secretary.

Lecturing

Class room

Discussion

09 5.4 Registered office of a company & location of

company records.

5.5 Maintenance of registers of a company

5.6 Annual returns, charges & preferential claims.

5.7 State the legal requirements for the valid passing of

a resolution at a company meeting.

5.7.1 Annual General Meeting

5.7.2 Extra ordinary General Meeting

5.7.3 Proxies & right to demand & voting on a poll

Lecturing

Group Activity

5.7.4 Circulation of share holders resolution on

requisition, & special requests or requiring

special notice.

5.7.5 Minutes of proceedings of meetings of share

holders & directors.

Case study

10 5.8 Obligations to prepare financial Statements/ Group

financial statement.

5.9 Appointments of Auditors

5.9.1 Appointment a qualification an Auditor

5.9.2 Auditor’s report

5.9.3 Auditor’s Access to information & attendance

at share holders meetings.

5.10 Annual Report to share holders

5.11 Registration of financial statement

5.12 Explain the significant of the principles laid down

in the case Royal British Bank Vs Turquand

Lecturing

Class room

Discussion

Tutorial

11 (6) Inspection & Investigation of Companies affairs 08

hrs

6.1 State the powers given by the Act to the

registrar of

companies to call for information &

investigation of

companies.

6.3 Explain the principle concerning majority rule laid

down in the case Foss Vs Harbottle and the

Statutory & Common law conception to this rule.

Lecturing

Group Activity

Case study

12 6.4 Prevention of oppression & this management

6.4.1 Retaining order & derivative action

6.4.2 Ratification

6.5 Amalgamation

6.4.1 Proposal & approval

6.6 Compromise with creditors

Lecturing

Class room

Discussion

Tutorial

13 (7) Approval of arrangement amalgamation & compromise

by court.

04 hrs

7.1 Court approval of arrangements to

amalgamation of

companies.

Lecturing

Class room

Discussion

14 (8) Winding up

06 hrs

8.1 Modes of winding up

8.1.1 Power of liquidator

8.4 Winding up by the court

8.2.1 Official receiver

8.2.2 Appointment & powers of liquidator &

Controller of inspection

Lecturing

Class room

Discussion

15 8.5 Voluntary winding up

8.5.1 Shareholders voluntary winding up

8.5.2 Creditors voluntary winding up

8.5.3

8.4 Winding up subject to supervision of court.

Lecturing

Class room

Discussion

Tutorial

Total 60 hrs




Organizational Behaviour and Human Resources Management

Aim To enhance students knowledge of the organizational behaviour and Human Resource Management with their interrelationships for achieving overall organizational objectives.

Learning Outcomes Organizational Behaviour After completing the subject the students should be able to,

01. Explain concept of organizational behaviour and its importance in an organization.

02. Explain managerial roles, skills and challenges of the business environments 03. Identify the importance and role of groups and teams in an organization 04. explain the impact of cultural factors and nature of organizational culture

Learning Outcomes of Human Resources Management

01. Identity the importance of Human resources for achieving the organizational objectives

02. Identify and explain Human Resource Planning and its importance. 03. Understand the recruitment and selection process. 04. Explain the main training and development methods. 05. identify the importance of performance appraisal and main appraisal methods 06. Understand the importance of compensation management, grievance

handling and health, safety and welfare in an organization. Teaching process : Lecturers, Tutorials and Assignments Lecture Hours:


Scheme of Evaluation : Assignment 30%

End semester examination 70% Total 100%

Recommended Reading :

1. Armstrong M; Human Resource management Practise, 10th edition, Kogan Page.

2. Kandula S R; Human Resource management in Practice with 300

Models, Techniques and Tools Prentice Hall, India New Delhi 2005.

Syllabus content Time Allocation hrs

1. Organizational Behaviour

1.1 Definition

1.2 Characteristics

1.3 Importance

02

2. Managing people of organization

2.1 Explain management functions roles and skills of

various management levels

2.2 Explain the down sizing and workforce diversity

03

3. Foundation of industrial behaviour

Explain the individual differences in

3.1 Personality

3.2 Attitudes

3.3 Perception

3.4 Creativity

03

4. Groups and Teams

07

4.1 Groups

4.1.1 Definition

4.1.2 Explain types of group

Formal group

Informal group

Primary group

Secondary group

Reference group

4.1.3 Explain the characteristics of group types

4.4 Explain nature reaction and meaning of conflicts.

4.2 Teams

4.2.1 Define teams

4.2.2 Identifying the differentiating teams & group

4.2.3 Explain importance of team.

5. Organizational culture

5.1 Culture

5.2 Nature of the culture

5.3 Sub culture

5.4 Cross culture

5.5 Explain the Organizational Culture, Socialization

and changing the Organizational Culture.

04

6. Stress managing stress and work life

6.1 Define the stress

6.2. Explain the nature of the stress

05

6.3 Explain the process of the stress

6.4 Explain the individual differences and explain type

A and B personality profiles.

6.5 Explain the common cause of the stress.

Organizational stress

Life stress

Working with diversity

6.6 Explain the various methods of measuring stress.

Human Resources Management

1. Introduction

1.1 Definition

1.2 Significance of Human Resource Management

1.3 Strategic Goals and Objectives of HRM

1.4 Roles of HR Department

04

2 Functions of Human Resource Management

2.1 Human Resources Planning

2.1.1 Importance of HR Planning

2.1.2 HR Planning Process

2.1.3 Job Analysis

2.1.3.1 Job Description

2.1.3.2 Job Specification

2.1.4 Job Design

2.1.4.1 Introduction

2.1.4.2 Job Designing

Techniques/Methods

06

[job rotation, enrichment, enlargement,

scientific, professional]

2.2 Recruitment and Selection

2.2.1 Introduction

2.2.2 Importance

2.2.3 Recruitment Process

2.2.4 Selection Process

2.2.4.1 Main steps in selection process

2.2.4.2 Selection Methods

[Interviews, tests, reference

checking ]

2.3 Induction and Orientation

2.3.1 Introduction

2.3.2 Need for Induction and Orientation

2.4 Training and Development

2.4.1 Definitions

2.4.2 Importance to Organization and employee

2.4.3 Training Methods

2.4.3.1 On-the-job Training Methods

2.4.3.2 Off-the-job Training Methods

2.4.4 Managerial Development Methods

2.5 Performance Appraisal

2.5.1 Importance of appraising the performance

06

02

06

06

2.5.2 Objectives of Performance Appraisal

2.5.3 Performance Appraisal Process

2.5.4 Performance Appraisal Methods

-Rank order rating

-Graphic rating scales

-Critical Incident system

-MBO

-360 degree Evaluation

2.6 Compensation Management

2.6.1 Determining Compensation

[wage levels, structure, individual wage

decisions]

2.6.2 Determining Benefits

2.7 Grievance Handling

2.7.1 Introduction.

2.7.2 Grievance Handling

2.8 Health, Safety and Welfare

2.8.1 Introduction

28.2 Importance

02

02

02

Total 60 hrs

1.1.1 Network topology

1.1.2 Network Scope

1.1.3 Protocols

1.2 Networking Devices

1.2.1 Switches wire less devices

Bridges

Higher National Diploma in Accountancy Third Year – Semester 11


Business Systems 11 Learning Objective

To provide skills in using a network efficiently. To understand the basics in Networking. To identify how e-business operates To provide skills and knowledge in using e-commerce in business organizations. Lecture Hours :


Evaluation Method:

Assignment 30 % End Semester Examination 70 % Total 100%

Reference:

T. Aattalainen: “Introduction to telecommunications Network Engineering”, Artech

House

David Whitely, “e-Commerce “, TMH Publication William Stallings, “ Cryptography & Network Security “, Pearson Education. Douglas E Comer, “ Internetworking with TCP/IP”, Volume-I.

Detailed Content No. of hrs Data Communication 12 hrs 2 Introduction to Data Communication

2.1 Communication

2.2 Communication between Computers

2.3 Data Communication

3 Communication Media

3.1 Guided Transmission Media(Wire based media)

3.1.1 Open wire

3.1.2 Twisted Pair

3.1.3 Coaxial cable

3.1.4 Optical Fiber

3.2 Unguided Transmission Media

3.2.1 Radio waves

3.2.2 Micro waves

3.2.3 Satellite

3.2.4 Cellular Telephony

3.3 Basic Communication Hardware

3.3.1 Modem

3.3.2 Network Interface Cards

3.3.3 Advanced Technologies

3.4 Network Architecture

3.4.1

3.4.2 Repeaters

3.4.3 Gateways

3.4.4 routers

3.5 IP Addressing

3.5.1 Domain Name Systems and DNS Servers E-Commerce 18 hrs

1. Application

1.1. Introduction to E-Commerce

1.2. Business Strategy; Business to Business Electronics Commerce (B2B)

transaction

1.3. Electronics Data Interchange (EDI)

1.4. Business to Consumers Electronics Commerce (B2C)

1.5. Element of E-commerce

1.6. E-Business

1.7. Establishing a Secure business on the Web

1.8. Web store

1.9. Online Payment; e-business; Internet Banking

2. Security

2.1. Electronic Commerce security issues

2.2. Cryptography. Digital Signature & Authentication protocol

2.3. Digital Certificates

2.4. Online Security

2.5. Secure Socket Layer (SSL)

2.6. Web Security

2.7. Payment System Security

2.8. Secure Electronics Transaction (SET).

3.


Forth Year – Semester 1


Financial Management

Lecture Hours :


Evaluation Method Continuous Assessment 30% Final Exam 70% 100% Recommended Readings - I.M Pandy, Financial Management - Maheswari, Financial Management, Detailed Content No. of Hours 1. Overview of Financial Management 06 hrs

1.1 Definition, Nature and Scope of Financial Management

1.2 Goal and Objectives of Financial Management

2 Financial Environment 09 hrs

2.1 Financial Market

2.2 Financial Institutions

2.3 Colombo Stock Exchange

2.4 Market Indicators(All Share Price Index, Milanka)

3. Working Capital 12 hrs

3.1 Need for working capital

3.2 Calculation of Working Capital

3.3 Operating Cycle Analysis

3.4 Financing permanent and non permanent assets

4. Merge and Acquisition 12 hrs

4.1 Pre Post Merger

4.2 Pre & Post Split up

4.3 Acquisition of Business

5. Evaluation of Long Term Finances 12 hrs

5.1 Valuation of Equity Shares

5.2 Valuation of Preference Shares

5.3 Valuation of Debt

5.4 Cost of Equity, Preference and Debt

5.5 Cost of Capital using Growth Model and CAPM

5.6 Weighted Average Cost of Capital

6. Foreign Exchange and Interest Rate 09 hrs

6.1 Foreign exchange risk

6.2 Foreign exchange risk option

6.3 Interest rate and its Determinants

6.4 Interest rate risk

6.5 Swaps TOTAL 60 hrs




Strategic Management

Aim: The provide HNDA Students with strategic management knowledge allowing them to formulate and evaluate strategies and to implement them for measuring the achievement of the business objectives. Learning outcomes After the completion of this subject students should be able to,

1. Understand the nature of the strategic management. 2. Analyse current business position to understand future direction. 3. evaluate company resource and capabilities to gain competitive advantage 4. Formulate appropriate strategies for achieving overall organizational objectives. 5. understand the importance of implementing strategies in an effective and efficient

manner 6. Understand the importance of strategy evaluation and control.

Lecture Hours :


Teaching process : Lecturers, Tutorials and Assignments Scheme of Evaluation : Assignment 30%

Semester examination 70% Total 100%

Recommended Reading :

1. David F. R; Strategic Management Concepts and cases, 10th edition, Prentice Hall 2006.

2. Sadler P; Strategic Management, 2nd Edition, Kogan Page 2005 3. Griffin R. W. Management, 8th Edition, Biztantra. New Delhi 2005

Detailed Content No. of Hours 1. Nature and Scope of Strategic Management 06

hrs

Introduction and definition

Characteristics of Strategic Management

Overview of Strategic Management Process

Strategy and strategic levels.

2. Environmental Scanning 12 hrs

PEST Analysis

Competitor Analysis

Customer Analysis

Financial and radio Analysis

Value Chain analysis

Gap analysis

Competitive Advantage and Critical success Factors Analysis

Audit (marketing, Position, resources)

SWOT Analysis

3. Strategy Formulation 18 hrs

Vision, Mission, Goals and objectives

Strategies

3.2.1 What is strategy?

3.2.2 Generic strategies

3.2.3 Growth strategies

3.2.4 Portfolio Management [BCG, GE Matrix]

3.2.5 Competitive Strategies [leaders, challengers, followers, niches]

3.2.6 Strategic Evaluation

4. Strategy Implementation 12 hrs

Introduction to strategy implementation

Factors to be considered in implementing strategies [7”S Model]

Barriers to effective implementation of strategies

5. Strategy Review, Evaluation and Control 12 hrs

The importance of strategy evaluation

The process of evaluating strategies

Practical frame work for evaluating financial and non financial strategies [includes

Balanced Scorecard]

Contingency Planning

Problems in evaluating strategies

Characteristics of effective evaluation system




Advanced Taxation

Lecture Hours :


Evaluation Continuous Assessment 30% Final Examination 70% Total 100%

Recommended Reading

Inland Revenue Act No. 38 of 2000 and the Subsequent Amendments to the Act

Income Tax Manual 2005/2006 of the Department of Inland Revenue

Guide to Income Tax Law, Institute of Chartered Accountants of Sri Lanka, Revised Edition

2005/2006

Value Added Tax Act No. 14 of 2002 and the Subsequent Amendments to the ACT

Value Added Tax manual of by Department of Inland Revenue

Guide to value Added Tax Law, Institute of Chartered Accountants of Sri Lanka 2002

Details of Contents No of Hours

1. Sources of Income 04 hrs

1.1Trade, Business, Profession or Vocation

1.2 Employment

1.3 Income from Properties

1.4 Dividends

1.5 Interest

1.6 Income from other sources

2. Income Tax – Individual 04 hrs

Statutory Income

Assessable Income

Taxable Income

3. Capital Gains 05 hrs

Basis of liability

Computation of capital gains

Basis of determining value

Allowable expenses

Special cases

Capital losses

Exemptions

4. Companies 10 hrs

4.1 Basis of liability

4.2 Resident companies, liability of a resident company, liability of a non-resident

company

4.3 Rates of income tax

4.4 Preferential rates on exports profits

4.5 Calculation on tax liability

5 Partnerships 08 hrs

5.1 Furnishing of returns

5.2 Computation of divisible profits

5.3 Statutory income of a partner

5.4 Non-resident partners

5.5 Aggregation of income of spouse

6. Income tax on charitable institutions 02 hrs

6.1 Clubs trade associations and co-operative societies

7. Tax concession 02 hrs

7.1 Tourism

7.2 Agriculture, animal husbandry and fisheries

8. Tax Administration 04 hrs

8.1 Returns and assessment

Furnishing returns

Fuller returns and information

Penalty for failure to furnish a return

Assessment and additional assessment

Reason for rejections

Time bar for assessments

Finality of an Assessment

8.2 Appeals, Payments, Recovery and Tax refunds

9. Value Added Tax(VAT), Economic Service Charge(ESC) 03 hrs

9.1 Activities liable for VAT, ESC

9.2 Basis of VAT, ESC

9.3 Registration

9.4 Tax returns

10. Provincial Council Turnover Tax 04 hrs

10.1 Describe the liability of Business to Provincial Council Turnover Tax, including

the provisions pertaining to the following.

Limits and exemptions from Turnover Taxes imposed by provincial council

Sec 02 of the Act No. 25 of 1955

Definition of Turnover

Rates of Turnover Tax and Expected Articles

Returns

Assessments and Refunds

11. Case Law 02 Hours

11.1 State the facts and principles derived from the adjustments in tax cases

11.2 Advice on tax matter applying principles of tax cases to a given scenario

12. Tax Planning 08 Hours

12.1 Identify all the relevant taxes for given situation and the obligations of the tax payer

to comply with the relevant legislation

12.2 Formulate practical and ethical courses for a client which would achieve the stated

objectives (or those which can be reasonable inferred.

12.3 Evaluate fully the tax implications of various courses of action for a given situation

taking into account all relevant taxes in each case giving new consideration to all other

relevant implications

12.4 Provide practical, ethical and relevant advice, supporting it with reasonable

arguments, stating any assumptions made and limitations on the advice given.

12.5 Apply in straightforward circumstances the principles setout in the following cases

12.5.1 Hazards of tax planning

W. T. Ramsey Ltd. Vs. CIR

CIR Vs. Burmah Oil Corporation Ltd.

Furness Vs. Ddawson

Creven Vs. White

Scrussico Ltd. Superannuation Fund Trustee Vs. ITC

12.5.2 Legitimacy of Tax Planning

Duke of Westminster Vs. CIR

Davoodbhoy Vs. CGIR

13. Ethics 04 Hours

a. Describe the guidance given in the “ Guide to Professional Ethics” with regard to

Disclosure Information

Conflict of Interest

Confidentiality

b. Explain the Implications for tax Practice of the Issued listed in (a) above

Total Hours 60 Hours




Computer Based Accounting

Intended Learning Outcome:

Students should be able to apply selected accounting software in business data

processing with a view to produce financial statements for both internal and external users

of accounting information.

Lecture Hours:

Full time

Lectures : 04 hrs per week

Assignments:

Students are required to work in groups to process and produce financial statements of a

selected entity based on a data set developed by the students.

Mandatory Practical Works:

2 computer practical hours per week

Evaluation Methods:

Class Participations 10%

Comprehensive Assignment 20%

Final Practical Examination 70%

Total Marks 100%

Syllabus:

1. Introduction to Computer Based Accounting 02 hrs

What is computer based accounting

Type of accounting software

File system

Software packages

2. Introduction to SAGE Accounting Package 02 hrs

Introduction to the SAGE

Features of SAGE Line 50

System requirements

Installing SAGE Line 50 V8 for the first time

Access right

3. Features of the SAGE Accounting Package 02 hrs

Main desktop window

The menu bar

The tool bar

Ledger window

Getting help

Wizards

4. Getting Started 02 hrs

Entering Company Information

Entering address preference

Entering label preference

Entering company parameters

Entering Company Defaults

Entering financial year

Setting tax codes

Setting currency

Setting accounts states

Setting departments

Setting financial rates

5. Setting up General (Nominal) Ledger Structure 05

hrs Nominal (general) records

How to design general account structure

Entering, editing and deleting general records

Control accounts

Entering bank account records

Bank account

Cash account

Credit card account

Chart of Accounts

Chart of account layout

Default chart of accounts

Category account

Creating a layout of a chart of account

Checking chart of accounts

Common errors

6. Setting Up Customer and Supplier Records 02 hrs

Planning customer and supplier account codes

Entering customer defaults

Entering customer records

Entering supplier defaults

Entering supplier records

7. Planning a Stock System 02 hrs

Implementing a stock system

Entering product categories

Entering product defaults

Entering product records

8. Completing Everyday Tasks 02 hrs

Checking of data

Backing of data

Restoring of data

Using the search to restrict information

Using active search

Finding transactions

Using the spell checker

Screen printing

Using the task manager

Journal entries

Make a journal entry

Reverse a journal entry

9. Handling Pricing and Discounts 02 hrs

Using price lists

Create a new price list

Add product to your price list

Add customer to your price list

Setting special customer prices

Setting discounts

Setting a “good” customer discount

Discounting by invoice value

Discount by unit price

Discounting by quantity of product line sold

Early settlement discount

Manual discounting

10. Working with Fixed Assets 02 hrs

Fixed assets and depreciation

Depreciation methods

Straight line method

Reducing balance method

Write off

Selling fixed assets

Entering fixed assets categories

Entering fixed assets records

11. Entering Opening Balances 02 hrs

Opening balance checklist

Entering customer and supplier opening balances

Clearing debtors and creditors control accounts

Entering general (nominal) ledger opening balances

Entering bank opening balance

Entering product opening balances

Completing the opening balances procedure

12. Sales Order Processing 03 hrs

Working with sales orders

The order cycle

Creating a sales order

Create a sales order

Completing sales order

Saving sales order

Edit the sales order item line

Entering order details to the sales order

Entering sales order footer details

Entering sales order payment details

Printing sales orders

Allocating stock to the sales order

Order shortfall procedure

Dispatching sales order

Updating the ledger

Deleting sales order

13. Purchase Order Processing 03 hrs

The order cycle

Creating purchase order

Completing purchase orders

Saving purchase orders

Entering purchase order item line details

Entering order details to the purchase order

Entering purchase order footer details

Entering delivery information

Printing purchase orders

Putting ‘batched’ purchase orders ‘on order’

Recoding delivery of goods

Using goods receiving notes

Batch purchase order deliveries

Recording a purchase order delivery manually

Creating purchase invoices from purchase orders

Deleting a purchase order

14. Entering Invoices and Credit Notes 03 hrs

Creating batch invoices and credit notes

Using batch customer invoices

Using batch supplier invoices

Using batch customer credit notes

Using batch supplier credit notes

Memorizing and recalling batch invoices and credit notes

Entering invoice and order defaults

Set up invoice and order defaults

Set up default invoice and order footer defaults

Entering invoices/orders numbering sequence

Creating invoices and credit notes from the invoicing option

Creating a new product invoice

Entering product item line details

Creating a new product credit note

Creating a service invoice

Edit service item line

Creating service credit note

Invoice profit check

Creating mix and match invoices and orders

Creating a mix and match invoice

Entering order details for invoice/credit note

Entering footer details

Entering payment details

Skeleton invoices

Creating a skeleton invoice/credit note

Recall skeleton invoice/credit note

Invoicing from contracts

Invoicing from purchase order processing

Updating the ledger

15. Handling Recurring Entries, Prepayments and Accruals 03 hrs

Recurring entries

Entering a bank/cash/credit card recurring entry

Entering a customer payment on account recurring entry

Entering a supplier payment on account recurring entry

Enter a journal recurring entry

Processing monthly recurring entries

Prepayments

Add a prepayment

Posting made for a prepayment

Accruals

Set up an accrual

Posting made for an accrual

16. Recording Payments and Receipts 02 hrs

Customer receipts

Recording a customer receipt

Post payment on account

Bank receipts

Entering money you have received

Memorizing a batch of bank receipts

Recall a batch of bank receipts

Supplier payments

Recording a supplier payment

Printing a supplier remittance advice note

Bank, cash and credit card payments

Recoding bank payments

Memorizing a batch of bank payments

Recalling batch bank payments

Batch supplier payments option

Recording a batch supplier payments

Cheque generator

Bank transfers

17. Keeping Track of your Money 02 hrs

Credit control

Customer aged balance defaults

Calendar monthly ageing

Period ageing

Aged balance troubleshooting

Recording finance charges

Handling disputed transactions

Credit control reporting

Writing off bad debts

18. Using the Advanced stock Features 03 hrs

Bills of materials

Checking component availability

Making stock transfers

Using the stock shortfall option

Running a stock take

Recording stock returns

Making adjustments to stock levels

19. Recording Bank Accounts 02

hrs Preparing to reconcile

Reconciling bank account

Posting bank adjustments

Running the bank statement report

20. Reconciling VAT Return 02 hrs

VAT return checklist

Scale changes

Producing the VAT return

Checking VAT return

Handling late transactions

Handling future transactions

Reconciling VAT return

Clearing VAT control accounts

Submitting VAT return to the relevant tax authority

21. Running a Month End 03 hrs

Month end checklist

Posting opening and closing stock

Changing program date

Running month end

Clearing stock transactions

Printing product reports

Clearing the audit trail

Handling late entries

22. Running Year End 03 hrs

Year end checklist

Backing up data

Running the accounts year end

Checking the financial year start date

Clearing the audit trail

Deleting records

Compressing data

23. Running Financial Reports 03 hrs

Running a audit trial report

Running the trial balance report

Running the profit and loss report

Running the balance sheet report

Running the quick ratio report

Running the budget report

Running the prior year report

Running the transactional based management reports

24. E-Banking 03 hrs

Enabling E – banking

Configuring E – banking option

Using the E – payment option

Entering supplier bank details

Using E – reconcile option Total Hours 60 Hours




Strategic Management Accounting

Learning Outcome:

This Course Unit will enable participants to assimilate knowledge and skills and apply selected Management Accounting concepts, techniques and procedures in modern business organizations, which are strategically bent with the objective of developing a sustainable competitive advantage in today’s rapidly changing and complex business environment.

Lecture Hours:

Full time


Evaluation Method:

Final Examination 70 %

Continuous Assessments:

Chapter Presentations and

Project Report 30 %

Total 100 %

Syllabus:

1. Introduction and Overview of Strategic Management;

2. Strategic Planning; Management Accounting in the Context of Strategic

Management;

3. Segment Profitability;

4. Competitor Accounting;

5. Customer Account Profitability; Product Profitability Analysis;

6. The Relevance of Organization Structure;

7. Single Focus Businesses; Vertically Integrated Businesses Vertically

Integrated Businesses;

8. Conglomerates; Multinationals and Global Companies;

9. Non Profit Business Organizations;

10. Common Problems of Control;

11. Launch Strategies; Accounting for Growth Business; Maturity

12. Coping with Old Age and Decline;

13. Designing Strategic Management Accounting Systems;

14. Operating Strategic Management Accounting Systems

Integration and Summing up

Total Hours = 60 (4 hours per topic = 56 hours, Integration 4 hours)




Financial Statement Analysis

Intended Learning Outcome:

After completing this course unit, students should be able to,

Use the techniques of analyzing financial statement information,

Adopt the methods for forecasting financial statements,

Use the models of credit analysis and financial distress analysis.

Lecture Hours:

Full time


Assignments:

Students should form into groups and select a one sector of Colombo Stock Exchange.

Then they will have to evaluate each of the company in the sector, and rank them.

Evaluation Methods:

Assignment 30%

Final Exam 70%

Total 100%

References:

Foster G., Financial Statement Analysis, Prentice-Hall, 1986.

Schoenebeck, Karen P, Interpreting and Analyzing Financial Statements, Person

Education Asia 1998

Fraser, Lyn M. and Aileen Ormistion, Understanding Financial Statements, Person

Education Asia, 1998

Syllabus:

1. Accounting Income and Assets: The Accrual concept 10 hrs Income, cash lows, and assets: definitions and relationships The accrual concept of income Income statement Accounting income: revenue and expense recognition Summary of revenue recognition methods Non-Recurring Items Types of non-recurring items Analysis; of nonrecurring items The Balance Sheet Format and classification Measurement of assets and liabilities Uses of balance sheet The statement of stockholders' equity 2. Analysis of Cash Flows 10 hrs Statement of cash flows Direct and indirect methods of cash flow statements Preparation of cash flow statements Transactional analysis Direct method Indirect method Reported Vs. operating changes in assets and liabilities Effect of exchange rate changes on cash Analysis of cash flow information Free cash flow and valuation Relationship of income and cash flows Analysis of cash flow trends Cash flow classification issues Cash flow Statements: An international perspective 3. Foundations of Ratio and Financial Analysis 10 hrs Introduction Common size statements Discussion of ratios by category Activity analysis Liquidity analysis Long-term debt and solvency analysis Operating and financial leverage Earnings-per-share and other ratios used in valuation

Earnings per share Cash flow per share EBITDA per share Book value per share Price-to-earnings and price-to-book value ratios Dividend pay out ratio Ratios: an integrated analysis Analysis of firm performance Economic characteristics and strategies Classification and selection of ratios Patterns of ratio disclosure, definitions and use 4. Analysis of Inventories 10 hrs Introduction Inventory and cost of goods sold: basic relationships Stable prices Rising prices Comparison of inventory provided by alternative methods Balance sheet information Income statement information LIFO versus FIFO: Income, cash flow and working capital effects Adjustments from LIFO to FIFO Adjustment of inventory balances Adjustment of cost of goods sold Adjustment of income to current cost income Financial ratios: LIFO versus FIFO Profitability: gross profit margin Liquidity: working capital Activity: inventory turnover Solvency; debt-to-equity ratio Declines in LIFO reserve LIFO liquidation Declining prices Initial adoption of LIFO and changes to and from LIFO Initial adoption of LIFO Change from LIFO method LIFO: a historical and empirical perspective Overview of FIFO/LIFO choice Summary of FIFO/LIFO choice 5. Analysis of Long-Lived Assets, Part I 10 hrs Introduction Acquiring assets: the capitalization decision Capitalization versus expensing: conceptual issues

Financial statements effects of capitalization Capitalization versus expensing: general issues Capitalization of interest costs Intangible assets Asset revaluation Capitalization versus expensing: industry issues Regulated utilities Computer software development costs Accounting for oil and gas exploration Analytic adjustments for capitalization and expensing Need for analytic adjustments Valuation implications Other economic consequences Additional analysis of fixed assets data 6. Analysis of Long-Lived Assets, Part II 10 hrs Introduction The depreciation concept Depreciation concept Depletion Amortization Depreciation method disclosures Impact of depreciation method on financial statements Accelerated depreciation and taxes The impact of inflation on depreciation Changes in depreciation methods Analysis of fixed assets disclosures Estimating relative age and useful life Estimating the age of assets Impairment of long-lived assets Financial reporting of impaired assets Financial statement impact of impairment Empirical findings Liabilities for closure and environmental costs

Total Hours 60 Hours




Strategic Financial Management

Lecture Hours:

Full time Lectures : 04 hrs per week

Evaluation Method Continuous Assessment 30% Final Exam 70% 100% Recommended Readings

- I.M Pandy, Financial Management - Maheswari, Financial Management

Detailed Content No. of Hours 1. Capital Budgeting 15 hrs

2.5 Cash flow estimation-Expansion Projects and Replacement Project 2.6 Project Evaluation and Selection

3 Capital Structure Decision 12 hrs

3.1 Capital Structure Theory 3.2 Optimal Capital Structure 3.3 Relationship between EPS-EBIT 3.4 Capital Structure Planning 3.5 Selection of an Appropriate Sources of Long-term Finance

3. Leverage and Risk Analysis 09 hrs

3.5 Operating Leverage 3.6 Financial Leverage 3.7 Business and Financial Risk 3.8 Indifference Point

4. Risk and Return 15 hrs

4.4 Expected Return and Risk of Securities 4.5 Portfolio Return and Risk 4.6 Systematic and Unsystematic Risk 4.7 Security Market Line and Beta Calculation

5. Financial Performance 09 hrs

5.7 Analysis of Financial Performance Trend 5.8 Interpretation of Financial Performance 5.9 Financial Strategies for the improvement of Financial performance

TOTAL 60 hrs




Advanced Auditing and Assurance

Lecture Hours:

Full time


Evaluation Method

Assignment 30%

Final Exam 70%

Total 100%

PROFESSIONAL & ETHICAL ISSUES, PRACTICE MANAGEMENT & QUALITY CONTROL

Detailed Content No. of Hours

01. Audit and assurance services 03 hrs

1.1 The Nature of Assurance and Service

1.2 Types of audits

1.3 Audit and Small and Medium Size Entities

1.4 Extent of Audit

02. Professional and Ethical Consideration 05 hrs

2.1 Rules of Professional Conduct

2.1.1 The Ethical Frame Work for Auditing

2.1.2 The Code of Professional Conduct (Integrity, Objectivity and Independence)

2.1.3 Appointments of Auditors

2.1.4 Corporate Financial Advice and Conflict of Interest

2.2 Professional Responsibility and Liability

2.2.1 Fraud and Errors

2.2.2 Considerations of Laws and regulations

2.2.3 Auditors Duties, Responsibility and Liability

2.2.4 Misconduct

2.2.5 Expectation Gap

2.2.6 Professional Indemnity Insurance (PII) and Fidelity Guarantee

Insurance (FGI)

Insider Dealing

03. Practice Management 04 hrs

3.1 Quality Control of Audits

3.2 Advertising, Publicity and obtaining Professional work and fees

3.3 Tendering

3.4 Terms of Engagement and the Engagement Letter

04. Regulatory environment 04 hrs

4.1 Corporate Governance

4.2 Audit Committees

4.3 Effectiveness of Financial Controls

4.4 Laws and Regulations in an Audit of Financial Statements

4.5 SLAuS 06- Considering of Laws and Regulations in an Audit of Financial Statements

PERFORMANCE OF AN AUDIT

05. Audit Planning and Documentation 07 hrs

5.1 Audit Planning

5.1.1 Pre plan the Audit

5.1.2 Obtain Background Information

5.1.3 Obtain Information about Clients Legal Obligations

5.1.4 Perform Preliminary Analytical Procedures

5.1.5 Set Materiality, and Assess Acceptable Audit Risk and Inherent Risk

5.1.6 Understand Internal Control Structure and Assesses Control Risk

5.1.7 Develop Overall Audit Plan and Audit Program -SLAuS 07

5.2 Documentation -SLAuS 04

5.2.1 Purpose of Working Papers

5.2.2 Contents of working papers

5.2.3 Permanent Files

5.2.4 Current Files

5.2.5Ownership of Working Papers

06. Audit Strategy 04 hrs

6.1 Audit Risk Approach

6.2 Business Risk Approach

6.3 System Control – flow charts ICQ

6.4 Cycles and Transactions

6.5 Balance Sheet Approach

6.6 Directional Testing

6.7 Analytical Procedure

07. Audit Evidence 03 hrs

7.1 The philosophy of Evidence Gathering – SLAuS 13

7.2 The Risk of Insufficient Evidence

7.3 Review and Valuation of Evidence

7.4 Communicating Audit Findings

08. Audit of Financial Statements I (Assets) 03 hrs

8.1 Inventory and Construction Contracts

8.2 Tangible Non Current Assets

8.3 Intangible Non Current Assets

8.4 Investments

09. Audit of Financial Statements II (Liabilities) 03 hrs

9.1 Leases

9.2 Deferred Taxation

9.3 Provision and Contingencies

9.4 Other liabilities

10. Audit of Financial Statements III (disclosure and other issues) 04 hrs

Segment reporting

Earning Per Share (EPS)

Discontinuing Operations

Cash Flow Statements

Revenue Recognition

Borrowing Cost

Government Grants and Assistance

11. Group Audit 04 hrs

Group Accounting and the Holding Company Auditors

Principles Auditors and Other Auditors

The Consolidation

Joint Audits

Auditing Foreign Subsidiaries

REPORTING ON ASSURANCE ENGAGEMENTS & OTHER SERVICES

12. Audit related and Assurance services 04 hrs

Audit related Services

Assurance Engagements

Systems Reliability

Electronic Commerce

13. Internal Audit and Outsourcing 04 hrs

Introduction

The External Auditor and Reliance on Internal Auditor

Operational Audits

Outsourcing Internal Audits

SLAuS 24- Considering the Work of Internal Auditing

Outsourcing Finance and Accounting Functions

Implication of Outsource of an Audit

14. Social and Environmental Audits 04 hrs

Stakeholders

Implications for Management

Measuring Social and Environment Performance

Implication for the Statutory Audit

Implication for Assurance Services

15. Reports 04 hrs

Forming and Analysis an Audit Opinion

Communication Problems

Reporting Electronically

Special Purpose Audit Report

Reporting to those Change with Governors

TOTAL 60 hrs