Lectures
- 1. Overview and Introduction
- 2. Principles of Accrual Accounting
- 3. Elements of an Annual Report and Financial Ratios
- 4. Revenue Recognition and Accounts Receivable
- 5. Revenue Recognition
- 6. Accounting for Inventory and COGS
- 7. The Matching Principle and Long-lived Assets
- 8. Matching Principle: Property, Plant, and Equipment
- 9. The Statement of Cash Flow
- 10. Accounting for Taxes
- 11. Marketable Securities and Valuation Adjustments
- 12. Current Liabilities and Contingencies
- 13. Long-Term Debt
- 14. Debt and Valuation
- 15. Leases
- 16. Stockholders' Equity
- 17. Acquisitions
Financial Accounting
Course Summary
This course is based on 15.515 Financial Accounting, Fall 2003 made available by Massachusetts Institute of Technology: MIT OpenCourseWare under the Creative Commons BY-NC-SA license.
This course helps students to develop a framework for understanding financial, managerial, and tax reports. The course goal is divided into five subordinate challenges that can help students organize the way they learn accounting: (1) The record keeping and reporting challenge, (2) The computation challenge, (3) The judgment challenge, (4) The usage challenge and (5) The search challenge.
The course adopts a decision-maker perspective of accounting by emphasizing the relation between accounting data and the underlying economic events generating them. Suitable for first-year MBA students.
Reading Material
1. Financial Accounting in an Economic ContextPratt, J. Financial Accounting in an Economic Context. 5th ed. Cincinnati, Ohio: John Wiley & Sons, 2003. ISBN: 0470000465
Course Material
Not available.Other Resources
1. Financial accounting: An IntroductionAidan Berry, Financial accounting: An Introduction, Edition: 2, Published by Cengage Learning EMEA, 1999, ISBN 186152479X, 9781861524799
(Click the button below to see a preview of the book)
2. Introduction to financial accounting
Christopher Nobes, Introduction to financial accounting Edition: 3, Published by Routledge, 1992, ISBN 0415087783, 9780415087780
(Click the button below to see a preview of the book)
