[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-199284-en":3,"doc-seo-199284-105":31,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},199284,962085570644,"Melati","https://ap-avatar.wpscdn.com/davatar_994ba38a5ba835b3df7d355c54d3ed8d",4,"Exam","Semester One - Financial Accounting and Reporting I - Course Syllabus","Semester One course syllabus covering Financial Accounting and Reporting I (based on US Accounting and Auditing Standards, laws and regulations). The curriculum focuses on the conceptual framework, preparation of financial statements, fair value measurement and disclosures, and the impact of changing prices. It also addresses SEC reporting requirements, revenue recognition and matching of revenues and expenses, plus recognition, measurement, valuation, and disclosure of current assets, current liabilities, transfer and servicing of financial assets, and contingencies. Testing emphasizes US GAAP and IFRS only.","SEMESTER ONE  \n1.FINANCIAL ACCOUNTING AND REPORTING I  \n(Based on US Accounting and Auditing Standards, Laws and Regulations)  \nCourse Objectives:  \n􀀃 Attain understanding of the financial accounting and reporting frameworks used by business enterprises globally (including US GAAP and IFRS. This course curriculum does not include Indian GAAP)  \n􀀃 Attain knowledge and skills required to apply the knowledge of accounting principles (per US GAAP and IFRS) in performing financial reporting and other tasks as public accountants  \nLearning Outcomes:  \n􀀃 Understand the conceptual framework of Financial Accounting & Reporting  \n􀀃 Knowledge of preparation of financial statements  \n􀀃 Knowledge of fair value measurement and disclosure and effect of changing prices  \n􀀃 Knowledge of SEC reporting requirements  \n􀀃 Knowledge of revenue recognition and matching of revenues and expenses  \n􀀃 Knowledge of recognition, measurement, valuation, and disclosure of:  \na. Current assets (including cash and cash equivalents, accounts receivable, notes receivable and inventory),  \nb. Current liabilities,  \nc. Transfer & Servicing of financial assets  \nd. Contingencies  \nNote: All of the above will be covered from US GAAP and IFRS perspective.  \nSyllabus  \nBLOCK-I  \nConceptual Framework  \nBLOCK-II  \nIncome Statement  \nBalance Sheet Notes to the F/S  \nFair Value Measurements & Disclosures Effects of Changing Prices  \nBLOCK-III  \nSEC Reporting Requirements Interim Financial Reporting Segment Reporting  \nWeek 6  \nRevenue Recognition  \nMatching of Revenues and Expenses  \nBLOCK-IV  \nCurrent Assets & Current Liabilities Cash & Cash Equivalents  \nWeek 8  \nAccounts Receivables Notes receivables  \nTransfer & Servicing of Financial Assets Accounts Payable & Employee Related Expenses Contingencies  \nReference Books:  \n􀀃 Miles CPA Review Concept Notes: Financial Accounting & Reporting  \n􀀃 Wiley CPA Excel Exam Review Course Study Guide: Financial Accounting and Reporting  \n􀀃 Wiley CMA Excel Learning System Part 1: Financial Reporting, Planning, Performance and Control  \n􀀃 Wiley GAAP: Interpretation and Application of Generally Accepted Principles  \n􀀃 IFRS and US GAAP: A Comprehensive Comparison by Steven E. Shamrock  \n􀀃 Essentials of Working Capital Management by James Sagner  \n􀀃 Foundation of Inventory Management by Paul H Zipkin-McGraw-Hill  \n􀀃 Fair Value Measurements: Practical Guidance and Implementation by Mark L. Zyla  \nRemarks: The University must test the students only on US GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards). The students cannot be tested on Indian GAAP as it is out of the scope of the syllabus.  \n2.MANAGEMENT ACCOUNTING  \n(Based on US Accounting and Auditing Standards, Laws and Regulations)  \nCourse Objectives:  \n􀀃 Attain knowledge and skills required to apply the corporate governance requirements, internal control and enterprise risk management when performing auditing, accounting, financial reporting, tax preparation, consulting or other professional responsibilities as public accountants  \n􀀃 Attain knowledge of cost measurement concepts, and relevant skills to apply these concepts to business decision-making  \nLearning Outcomes:  \n􀀃 Understand key corporate governance provisions and monitoring devices  \n􀀃 Knowledge of COSO Internal Control – Integrated Framework  \n􀀃 Knowledge of COSO’s framework on Enterprise Risk Management – Integrating with Strategy and Performance  \n􀀃 Understand cost measurement concepts and study standard costing and variance analysis  \nSyllabus:  \nBLOCK-I  \nCorporate Governance  \nBLOCK-II  \nInternal Control  \nBLOCK-III  \nEnterprise Risk Management  \nBLOCK-IV  \nCost Measurement Concepts  \nBLOCK-V  \nStandard Costing & Variance Analysis  \nReference Books:  \n􀀃 Miles CPA Review Concept Notes: Business Environment and Concepts  \n􀀃 Wiley CPA Excel Exam Review Course Study Guide: Business Environment and Concepts  \n􀀃 Wiley CMA Excel Learning System Part 1: Financial Reporti","cbCaisZpvbkfZTRI","https://ap.wps.com/l/cbCaisZpvbkfZTRI","pdf",114778,2,1,12,"English","en",105,"# Financial Accounting and Reporting I\n## Course Objectives\n## Learning Outcomes\n## Syllabus\n## Reference Books","[{\"question\":\"Which accounting frameworks are covered in Financial Accounting and Reporting I?\",\"answer\":\"The course is based on US GAAP and IFRS, and explicitly excludes Indian GAAP. Students must be tested only on US GAAP and IFRS.\"},{\"question\":\"What topics are included in the course syllabus?\",\"answer\":\"The syllabus includes conceptual framework, income statement, balance sheet and notes, fair value measurements and disclosures, effects of changing prices, SEC reporting requirements, interim financial reporting, and segment reporting. It also covers revenue recognition and matching of revenues and expenses.\"},{\"question\":\"Which asset and liability areas are emphasized?\",\"answer\":\"Current assets (cash and equivalents, accounts receivable, notes receivable, inventory) and current liabilities are included, along with transfer and servicing of financial assets, accounts payable and employee-related expenses, and contingencies.\"}]","Semester One - Financial Accounting and Reporting I - Course Syllabus | PDF",1788505509,30,{"code":4,"msg":32,"data":33},"ok",{"site_id":25,"language":24,"slug":34,"title":13,"keywords":35,"description":14,"schema_data":36,"social_meta":86,"head_meta":88,"extra_data":90,"updated_unix":29},"semester-one-financial-accounting-and-reporting-i-course-syllabus","",{"@graph":37,"@context":85},[38,53,68],{"@type":39,"itemListElement":40},"BreadcrumbList",[41,45,48,51],{"item":42,"name":43,"@type":44,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":46,"name":47,"@type":44,"position":20},"https://docshare.wps.com/document/","Document",{"item":49,"name":12,"@type":44,"position":50},"https://docshare.wps.com/document/exam/",3,{"item":52,"name":13,"@type":44,"position":11},"https://docshare.wps.com/document/semester-one-financial-accounting-and-reporting-i-course-syllabus/199284/",{"url":52,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":24,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":42,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-09-08","2026-09-04",true,{"@type":65,"interactionType":66,"userInteractionCount":20},"InteractionCounter",{"@type":67},"ViewAction",{"@type":69,"mainEntity":70},"FAQPage",[71,77,81],{"name":72,"@type":73,"acceptedAnswer":74},"Which accounting frameworks are covered in Financial Accounting and Reporting I?","Question",{"text":75,"@type":76},"The course is based on US GAAP and IFRS, and explicitly excludes Indian GAAP. Students must be tested only on US GAAP and IFRS.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"What topics are included in the course syllabus?",{"text":80,"@type":76},"The syllabus includes conceptual framework, income statement, balance sheet and notes, fair value measurements and disclosures, effects of changing prices, SEC reporting requirements, interim financial reporting, and segment reporting. 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