Program Announcement 2013 - 14 - Institute of Business ...
Program Announcement 2013 - 14 - Institute of Business ...
Program Announcement 2013 - 14 - Institute of Business ...
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Description <strong>of</strong> Courses130cover major provisions <strong>of</strong> some <strong>of</strong> the importantInternational Financial Reporting Standards asapplicable in Pakistan and major SECPpronouncements affecting financial reporting <strong>of</strong> publiclylisted companies.ACC561 Analysis <strong>of</strong> Financial StatementsDuring the present era <strong>of</strong> business acquisitions,mergers, leveraged buyouts and restructuring and inview <strong>of</strong> constantly evolving financial reportingrefinements and large scale manipulation <strong>of</strong> financialreporting to control perceptions <strong>of</strong> investors andlenders, the need for vigorous and meaningful analysis<strong>of</strong> financial statements cannot be overemphasized.This course aims at developing a deeper understanding<strong>of</strong> accounting principles and standards underlying thedata being analyzed and the analytical tools andtechniques used for meaningful decision-making. Thetopics covered include discussion <strong>of</strong> adversarial nature<strong>of</strong> financial reporting, balance sheet limitations, revenueexaggeration and expense manipulation, nature andtypes <strong>of</strong> reserves, deferred taxes, performancemeasures and ratios, financial flexibility and leveragedbuyouts and growth rates and valuation viarestructuring potential. The course is taught largelythrough case studies and real life business problems,thereby stimulating effective student participation inthe learning process.Prerequisite:ACC501/ACC201ACC589 Project Evaluation & FinancingThe topics covered include developing schematicframework for feasibility studies, conventional andnon-conventional measures <strong>of</strong> investment worth theirlimitations and problems, developing project cashflows under special decision situations, investmentappraisals under conditions <strong>of</strong> uncertainty and capitalrationing, foreign tax credits, pre-investment andexcess capacity related issues. The course also focuseson determining cost <strong>of</strong> capital, identifying, accessingand developing the optimal financing-mix.Prerequisite: ACC201 or ACC501LAW COURSESLAW105 Politics and LawThis course includes the basic theories, concepts,approaches and enduring questions <strong>of</strong> political science.It provides in-depth knowledge and analytical skills tounderstand modern politics in historical context.Further, it provides a glimpse <strong>of</strong> local and internationallaws (i.e. War crimes, crimes against humanity ,terrorism, political asylums etc.) and the effectiveness<strong>of</strong> politics within the framework <strong>of</strong> applicable laws.LAW205 <strong>Business</strong> LawThe contents <strong>of</strong> this course include Contract Act, Sales<strong>of</strong> Goods Act, Negotiable Instruments, Partnerships,and Company Acts. This course aims to provide a basicintroduction to these laws and an appreciation <strong>of</strong> thelegal system in Pakistan.LAW301 Laws <strong>of</strong> TaxationThis course familiarizes students with the fundamentals<strong>of</strong> income tax in Pakistan. Major emphasis is placedon the concept <strong>of</strong> taxable income, preparation <strong>of</strong> incometax returns for individuals, partnerships and joint stockcompanies.Prerequisite: MGT201/MGT400LAW303 TaxationTaxation is an important tool for fiscal and economicmanagement <strong>of</strong> a country by the Government. It isimposed on economic units to finance the expenditure<strong>of</strong> a Government and it is also used by Governmentsto encourage or discourage a certain sector / activityin the economy. Taxes consist <strong>of</strong> Direct Taxes andIndirect Taxes. The challenge for any Government isdesigning and implementing a taxation system whichcreates an equitable taxation regime based on soundtaxation principles. In wake <strong>of</strong> the above backgroundobjective <strong>of</strong> this course will enable students to;• Understand the structure <strong>of</strong> taxation system& laws in Pakistan;• Learn practical application <strong>of</strong> taxation laws fordecision making and planning in different economicand business scenarios.LAW305 Corporate LawThis course provides an understanding <strong>of</strong> basic rules<strong>of</strong> corporate law such as formation <strong>of</strong> a company,separate legal entity, limited liability and role <strong>of</strong>company's directors & auditors. Further, the evaluation<strong>of</strong> corporate problems, identifying appropriate legalobligations, duties, rights and remedies are an integralpart <strong>of</strong> this course.LAW401 Tax Management and OptimizationThis course is an extension <strong>of</strong> initial tax paper. Itemphasizes on building a tax strategy by setting taxobjectives and priorities and then negotiating andallocating resources accordingly. This course is
Change language