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: 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 |
