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Financial and Managerial Accounting

Graduate · Historical course

Summer 2003

Topics

  • Overview
  • Principles of Accrual Accounting
  • Elements of an Annual Report and Financial Ratios
  • Revenue Recognition
  • Inventory / Cost of Goods Sold
  • Long-Term Assets / Depreciation
  • Matching Principle for PP&E
  • Statement of Cash Flow
  • Additional Discussion of Topics
  • Accounting for Taxes
  • Marketable Securities
  • Current Liabilities / Long-Term Debt
  • Long-Term Debt
  • Leases and Off-Balance Sheet Financing
  • Introduction to Cost Concepts
  • Activity-Based Costing
  • Moving Beyond ABC
  • Managerial Accounting and Financial Reporting
  • Wrap-up

Readings

  • For the readings, Pratt refers to the course textbook: Pratt, J. Financial Accounting in an Economic Context. 5th ed. John Wiley & Sons, Inc. CP stands for Case Pack, which includes supplemental readings and cases. Additional material is from the Intel 2002 Annual Report , which can be downloaded from their Web site. ↗
    Listed reading
  • LEC #: 1 · TOPICS: Overview · READINGS: Pratt: Chap. 1-2 (including Appendix 1A)
    Reading assignment
  • LEC #: 2 · TOPICS: Principles of Accrual Accounting · READINGS: Pratt: Chap. 3-4
    Reading assignment
  • Intel 2002 Annual Report - all
    Listed reading
  • LEC #: 5 · TOPICS: Revenue Recognition · READINGS: Bruns Jr., William J., and Susan S. Harmeling. Circuit City Stores, Inc (A) . Boston, MA: Harvard Business School Publishing, 1993. Case No. 9-191-086.
    Reading assignment
  • Skim in the CP: Wilson, G. Peter. Understanding the Statement of Cash Flows . Boston, MA: Harvard Business School Publishing, 1992. Note No. 9-193-027.
    Listed reading
  • LEC #: 8 · TOPICS: Matching Principle for PP&E · READINGS: Bruns Jr., William J., and Eric J. Petro. Depreciation at Delta and Pan Am (A) . Boston, MA: Harvard Business School Publishing, 1993. Case No. 9-190-035.
    Reading assignment
  • CP: Wilson, G. Peter. Understanding the Statement of Cash Flows . Boston, MA: Harvard Business School Publishing, 1992. Note No. 9-193-027.
    Listed reading
  • Bruns Jr., William J., and Susan S. Harmeling. Accounting for Frequent Fliers . Boston, MA: Harvard Business School Publishing, 1993. Case No. 9-192-040.
    Listed reading
  • LEC #: 15 · TOPICS: Leases and Off-Balance Sheet Financing · READINGS: Pratt: Chap. 11 (p. 484 to end, review Appendix B)
    Reading assignment
  • CP: Bruns Jr., William J. Brief Introduction to Cost Accounting . Boston, MA: Harvard Business School Publishing, 1993. Note No. 9-192-068.
    Listed reading
  • CP: Bruns Jr., William J. Activity Accounting–Another Way to Measure Costs . Boston, MA: Harvard Business School Publishing, 1993. Note No. 9-193-044.
    Listed reading
  • LEC #: 17 · TOPICS: Activity-Based Costing · READINGS: CP: Cooper, Robin, and Karen H. Wruck. Siemens Electric Motor Works (A): Process-Oriented Costing . Boston, MA: Harvard Business School Publishing, 1993. Case No. 9-189-089.
    Reading assignment
  • CP: Kaplan, Robert S. One Cost System Isn’t Enough. Boston, MA: Harvard Business Review , 1988.
    Listed reading
  • CP: Cooper, Robin, Peter B.B. Turney, and Christopher Ittner. Seligram Inc.: Electronic Testing Operations . Boston, MA: Harvard Business School Publishing, 1993. Case No. 9-189-084.
    Listed reading
  • LEC #: 19 · TOPICS: Managerial Accounting and Financial Reporting · READINGS: CP: Merchant, Kenneth A., and Lourdes Ferreira. Scovill Inc.: NuTone Housing Group . Boston, MA: Harvard Business School Publishing, 1993. Case No. 9-186-136.
    Reading assignment
Sources