Intermediate Accounting

1. Review of Accounting Process and Presentation of Financial Statements
2. Plant Assets, Natural Resources, and Intangible Assets: Requirements under IAS 16 Property, Plant and
Equipment, IAS 38 Intangible Assets, IFRS 6 Exploration for and Evaluation of Mineral Resources and IAS 36
Impairment of Assets. Acquisition and valuation of Plant Assets–The nature of Depreciation in Accounting–
Cost allocation versus valuation, Depreciation and Cash Flows; Extension of Plant Assets and its effects on
Depreciation. Depreciation Methods–Recording of depreciation; Disposition of Plant assets; Natural
Resources–Acquisition cost, Depletion; Intangible Assets–Amortization of Intangibles; Impairment of assets
(IAS 36). Capitalization of borrowing costs (IAS 23 Borrowing Costs); Cost Model vs. Fair Value Model
(IFRS 13 Fair Value Measurement), IFRS 5 Non-current Assets Held for Sale and Discontinued Operations.
3. Accounting for Investments: Requirements under IAS 40 Investment Property, IFRS 9 Financial Instruments
and IAS 39 Financial Instruments: Recognition and Measurement. Accounting for investment securities,
Securities held for maturity, Trading securities, Equity method, Reporting investment, Investment derivatives,
Impairment of an investment.
4. Provision and Contingencies: Provision as a current liability, Contingent liabilities and Contingent assets
(IAS 37 Provisions, Contingent Liabilities and Contingent Assets).
5. Accounting for Long Term Liabilities: Bond: Nature, Recording at issue, Determining interest–Effective
interest method, Zero-coupon bond, Bonds sold at premium or discount; Long-term Notes; Convertible Bonds;
Other long-term liabilities; Requirements under IFRS 9 and IAS 39.
6. Partnership Accounting: Basic features of Partnership Accounting–Changes in Partnership structure:
Admission, Retirement: Treatment of goodwill, revaluation of assets and liabilities, Retirement of partners and
Liquidation of partnership (capital deficiency or no deficiency).
7. Preparation of Cash Flow Statement: Purpose of Cash Flow Statement–Types of Cash Flows: Operating
activities, Investing activities, and Financing activities–Preparation of Cash Flow Statement: Direct and Indirect
methods–Analysis of Cash Flow Statement.
8. Preparation of Value Added Statement: Purpose and format–Preparation of value added statement.
9. Accounting aspect of VAT: Preparation of different statements (Purchase Account Book, Sales Account
Book, Invoice Book and Account Current) under the VAT laws, Accounting Treatment of VAT at Purchase,
Sales, Withholding, Treasury Deposit, Tax Credit and Tax Refund or Adjustment through Account Current.
Book Recommended:
1. KIESO, Donald E., WEYGANDT, Jerry J., WARFIELD, Terry D., Intermediate Accounting, IFRS Edition
(2011), John Wiley & Sons, Inc.
2. GOB (Government of Bangladesh): Value Added Tax Act 1991 and Value Added Tax Rules 1991