15.511 | Summer 2004 | Graduate

Financial Accounting

Calendar

The calendar below provides information on the course’s lecture (L), recitations (R) and exam (E) sessions.

SES # LECTURE TOPICS RECITATION TOPICS KEY DATES
L1 Overview and Introduction to Financial Statements

Administrative Matters, Discussion of Accounting Framework

L2 The Balance Sheet

R1

Highlights of Introductory Topics: Financial Accounting, Balance Sheet, Income Statement, etc.

Review of Technical Items

L3 The Income Statement and Principles of Accrual Accounting

L4 The Accrual Accounting Process of Preparing Financial Statements

Problem set #1 due
L5/R2 The Accrual Accounting Process of Preparing Financial Statements (cont.) Journal Entry and T-account

Cash vs. Accrual Accounting

Accounting Entry for Sales, Adjusting Entries, and Closing Entries

L6 The Accounting Process

Problem set #2 due
L7 Statement of Cash Flows

L8/R3 Statement of Cash Flows (cont.)

Financial Statement Analysis

Statement of Cash Flows

Indirect Approach

L9 Receivables and Revenue Recognition

L10/R4 Receivables and Revenue Recognition (cont.) Midterm Review Problem set #3 due
L11 Inventories

L12 Long-lived Assets

R5

Accounting for Inventory LIFO and FIFO

E1 Mid-term Exam

L13/R6 Matching Principle for PP&E Accounting for Long Lived Assets Time Value of Money

L14 Current Liabilities and Contingencies

L15 Time Value of Money

Long-term Debt

L16 Long-term Debt and Leases

Problem set #4 due
L17/R7 Deferred Taxes

Marketable Securities

Marketable Securities

Bonds

Leases

Deferred Tax

L18 Investments, and Business Combinations

Problem set #5 due (two days after L18)
L19 Business Combinations and Course Review

E2 Final Exam

Course Info

Instructor
As Taught In
Summer 2004
Level
Learning Resource Types
Lecture Notes
Problem Sets
Exams with Solutions