15.515 | Fall 2003 | Graduate

# Financial Accounting

## Assignments

Your solutions to these graded questions must be submitted by the date specified below. Assignments 1-6 are to be completed individually. Assignments 7-9 involve case analysis and are to be done in half-groups.

### Optional Questions

The optional questions are end-of-chapter problems that were chosen to provide particular reinforcement of the class topic. They are all from the course textbook, Pratt J., Financial Accounting in an Economic Context, 5th ed. John Wiley & Sons, Inc.

These optional problems generally deal with record keeping and reporting and computations. They are designed to reinforce concepts learned through reading assignments, homework problems, case discussions, and T.A. sessions.

LEC # TOPICS ASSIGNMENTS
1 Overview and Introduction - Setting the Stage and the Course Framework Graded Assignment: Problem Set 1 (New England Bicycle) due at the beginning of class.

Optional Problems: P2-1, P2-3, P2-4, P2-9

2 Principles of Accrual Accounting Graded Assignment: None.

Optional Problems: P3-9, ID3-4, E4-5, E4-16, P4-14

3 Elements of an Annual Report and Financial Ratios Graded Assignment: None.

Optional Problems: E5-13, P5-13, ID5-1, ID5-2, ID5-11

4 Revenue Recognition and Accounts Receivable Graded Assignment: Problem Set 2 due on day after Lecture 4.

Optional Problems: P6-3, P6-4, P6-10

5 Revenue Recognition Graded Assignment: None.

Optional Problems: See Session 4

6 Accounting for Inventory and COGS Graded Assignment: None.

Optional Problems: P7-4, P7-6, P7-9

7 The Matching Principle and Long-lived Assets Graded Assignment: None.

Optional Questions: E9-5, E9-18, BE9-3, ID9-7

8 Matching Principle: Property, Plant, and Equipment Graded Assignment: Problem Set 3 due on the day after Lecture 8.

Optional Problems: See Previous Session

9 The Statement of Cash Flow Graded Assignment: Problem Set 4 due three days after Lecture 9.

Optional Problems: P14-2, E14-7, E14-8, E14-9, E14-10

Midterm Exam

10 Accounting for Taxes Graded Assignment: None.

Optional Problems: E10-13, P10-9, P10-10, ID10-12

11 Marketable Securities and Valuation Adjustments Graded Assignment: Problem Set 5 due the day after Lecture 11.

Optional Problems: P7-4, c; E8-2, E8-6, P8-5, P8-6, ID8-8

12 Current Liabilities and Contingencies and an Introduction to Long-Term Debt Graded Assignment: None.

Optional Problems: E10-10, P10-2, P10-5, ID10-1, ID10-3

13 Long-Term Debt Graded Assignment: None.

Optional Problems: E11-3, E11-5, E11-7, E11-9, E11-19

14 Debt and Valuation Graded Assignment: Problem Set 6 due at the beginning of class.

Optional Questions: See Previous Session

Optional Problems: E11-8, E11-5, P11-15, ID11-6

16 Stockholders’ Equity Graded Assignment: None.

Optional Problems: BE 12-1, E12-1, ID 12-5

17 Acquisitions Graded Assignment: Problem Set 7 due on November 26, 2003.

Optional Questions: P8-11, P8-12, P8-13, P8-14

18 Current Issues in Financial Reporting Graded Assignment: Problem Set 7, due at the beginning of class.

Optional Questions: P8-16

19 Introduction to FSA Graded Assignment: Problem Set 8 due at the beginning of class.

Optional Problems: None.

20 Course Review and Wrap-up

Final Exam

Fall 2003
Lecture Notes
Problem Sets