Readings

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The "Do" problems will help students prepare for class and do not have to be submitted. Optional problems ("Opt") are also included for some topics.

The chapters are drawn from this text: Amazon logo Stickney, Clyde P., and Roman L. Weil. Financial Accounting: An Introduction to Concepts, Methods, and Uses. 10th ed. Thomson South-Western, 2003. ISBN: 0324183518.

SES # TOPICS READINGS PROBLEMS
L1 Overview and Introduction to Financial Statements

Administrative Matters, Discussion of Accounting Framework
Chapter 1 Do: 1-18, 1-21, 1-23

Opt: 1-19, 1-25, 1-29
L2 The Balance Sheet Chapter 2 Do: 2-11, 2-15, 2-20
L3 The Income Statement and Principles of Accrual Accounting Chapters 2 and 3 Do: 2-27 (Using the Balance Sheet Equation instead of T-accounts), 3-11, 3-21
L4 The Accrual Accounting Process of Preparing Financial Statements Chapters 2 and 3 Do: 2-30, 3-14, 3-19
L5 The Accrual Accounting Process of Preparing Financial Statements (cont.) Chapters 2 and 3 Do: 3-24, 3-27, 3-40
L6 The Accounting Process Case: Wilson, David A. "Chemalite, Inc." Boston, MA: Harvard Business School, 2003. Case No. 9-177-078.
L7 Statement of Cash Flows Chapter 4, pp. 179-195, 210-214 Do: The Cash Flow Problem

Do: 4-19, 4-22, 4-23, 4-28 (Without a T-account worksheet)
L8 Statement of Cash Flows (cont.)

Financial Statement Analysis
Chapter 5 Do: Calculate Ratios for Gateway and Dell Computers

Do: 5-14, 5-17, 5-22, 5-28
L9 Receivables and Revenue Recognition Chapter 6 Do: 6-14, 6-16, 6-19
L10 Receivables and Revenue Recognition (cont.) Chapter 6 Do: 6-24, 6-26
L11 Inventories Chapter 7 Do: 7-25, 7-33, 7-38, 7-45
L12 Long-lived Assets Chapter 8 Do: 8-21, 8-24, 8-37
L13 Matching Principle for PP&E Chapter 8 (cont.)
L14 Current Liabilities and Contingencies Chapter 9 (up to pp. 485)

Case: Bruns Jr., William J., and Eric J. Petro. "Depreciation at Delta and Pan Am." Boston, MA: Harvard Business School, 1993. Case No. 9-190-035.
L15 Time Value of Money

Long-term Debt
Case: Bruns Jr., William J., and Susan S. Harmeling. "Accounting for Frequent Fliers." Boston, MA: Harvard Business School, 1993. Case No. 9-192-040. Do: Assigned problems on Present Value Calculations, Chapter 9

Do: 9-26, 9-28, 9-33
L16 Long-term Debt and Leases Chapter 10 (up to p. 546)
Do: 10-40, 10-41 
L17 Deferred Taxes

Marketable Securities
Chapter 10 (up to p. 556)

Chapter 11 (up to p. 608)
Do: 10-29, 10-30

Do: 11-41, 11-44
L18 Investments, and Business Combinations Chapter 11 (up to p. 635) Do: 11-25, 11-26
L19 Business Combinations and Course Review Chapter 11 (up to p. 635) Do: 11-52