FAC3764 covers a wide range of topics and standards critical to financial accounting. Here's a glimpse of what you'll learn:

Conceptual Framework for Financial Reporting

Understand the principles and objectives that underpin financial reporting, providing a solid foundation for interpreting and applying accounting standards.

Income Taxes (IAS 12 and FRG1)

Dive into the complexities of accounting for income taxes, including current and deferred tax implications on financial statements.

Revenue from Contracts with Customers (IFRS 15)

Master the five-step model for recognizing revenue from customer contracts, ensuring compliance with IFRS 15.

Leases (IFRS 16)

Learn how to account for lease transactions, from recognition and measurement to presentation and disclosure.

Property, Plant, and Equipment (IAS 16)

Gain insights into the recognition, measurement, and depreciation of property, plant, and equipment assets.

Investment Property (IAS 40)

Understand the accounting treatment for investment properties, including initial recognition, subsequent measurement, and disclosure requirements.

Fair Value (IFRS 13)

Explore the concept of fair value measurement, including valuation techniques and disclosure requirements.

Intangible Assets (IAS 38)

Delve into the identification, measurement, and amortization of intangible assets, including goodwill.

Impairment of Assets (IAS 36)

Learn how to assess and recognize impairment losses on various assets, ensuring accurate financial reporting.

Non-current Assets Held for Sale and Discontinued Operations (IFRS 5)

Understand the criteria for classifying non-current assets as held for sale and the presentation of discontinued operations.

Accounting Policies, Changes in Accounting Estimates, and Errors (IAS 8)

Explore the procedures for selecting and applying accounting policies, as well as accounting for changes and corrections of errors.

The Effects of Changes in Foreign Exchange Rates (IAS 21)

Learn how to account for transactions and balances in foreign currencies, and the effects of changes in exchange rates.

Financial Instruments (IFRS 9 and IAS 32)

Gain a comprehensive understanding of the classification, measurement, and disclosure of financial instruments.

Employee Benefits (IAS 19)

Explore the accounting for various employee benefits, including short-term, post-employment, and termination benefits.

Masoom Alli CA(SA), an esteemed Chartered Accountant with a firm grounding in the practicalities of financial accounting, brings a wealth of industry experience to the classroom. With years of experience navigating the complexities of financial statements, tax implications, and audit processes, Alli possesses a deep understanding of the concepts and principles that are essential to mastering the discipline of accounting. His practical expertise is complemented by a dedication to continuous learning, ensuring that his knowledge remains both current and comprehensive, a trait which makes him an invaluable guide to those aspiring to excel in the field.

As the lead instructor for Financial Accounting: FAC3764, Masoom connects theory to practice by integrating real-world scenarios and case studies into his teaching, providing students with a robust and engaging learning experience. His passion for the subject is evident in his commitment to student success, fostering an environment that encourages inquiry and critical thinking. Alli's enthusiasm for financial accounting not only inspires his students but also instills in them the confidence and skills needed to succeed in the ever-evolving landscape of accounting.