Courses:

Introduction to Financial and Managerial Accounting >> Content Detail



Study Materials



Readings

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In addition to the bibliography of readings used in the course, see the readings by session below.

Required Text

Amazon logo Pratt, J. Financial Accounting in an Economic Context. 5th ed. Cincinnati, Ohio: John Wiley & Sons, 2003. ISBN: 0470000465. (Hereafter cited as "Pratt")

Required Case Packet

Includes supplemental readings and Harvard Business School cases. (Hereafter cited as "CP")

Required case studies are:

Wilson, David A.  "Chemalite, Inc." Boston, MA: Harvard Business School, 1976.  Case No. 9-177-078.

Bruns, William J., Jr. and Susan S. Harmeling.  "Circuit City Stores, Inc. (A)." Boston, MA: Harvard Business School, 1990. Case No. 9-191-086, 1-11.

Bruns, William J., Jr. and Eric J. Petro.  "Depreciation at Delta and Pan Am." Boston, MA: Harvard Business School, 1989. Case No. 9-190-035.

Bruns, William J., Jr. and Susan S. Harmeling.  "Accounting for Frequent Fliers." Boston, MA: Harvard Business School, 1991. Case No. 9-192-040.

Bruns, William J., Jr.  "Brief Introduction to Cost Accounting." Boston, MA: Harvard Business School, 1991. Case No. 9-192-068.

Bruns, William J., Jr.  "Activity Accounting - Another Way to Measure Costs." Boston, MA: Harvard Business School, 1992. Case No. 9-193-044.

Cooper, Robin, Peter B. B. Turney, and Christopher D. Ittner.  "Seligram, Inc. Electronic Testing Operations." Boston, MA: Harvard Business School, 1988. Case No. 9-189-084.

Merchant, Kenneth A. and Lourdes Ferreira.  "Scovill, Inc. NuTone Housing Group." Boston, MA: Harvard Business School, 1985. Case No. 9-186-136.

Kerr, Steven. "An Academy Classic: On the Folly of Rewarding A, While Hoping for B. (1992)" Academy of Management Executive 9, no. 1 (1995).

Bruns, William J., Jr.  "Destin Brass." Boston, MA: Harvard Business School, 1989. Case No. 9-190-089.

Supplementary Texts

Amazon logo Stickney, C., and R. Weil. Financial Accounting: An Introduction to Concepts, Methods, and Uses. 10th ed. Fort Worth: The Dryden Press, 1997.  ISBN: 0030182727.

Amazon logo Bazley, J. S., L. A. Nikolai, and H. B. Grove. Financial Accounting: Concepts and Uses. 3rd ed. Cincinnati, Ohio: South-Western College Publishers, 1995.  ISBN:  0538839228.

Amazon logo Hoskin, R. Financial Accounting: A User Perspective. 2nd ed. Toronto: John Wiley & Sons, 1997.  ISBN: 0471172359.

Amazon logo Kieso, D., and J. Weygandt. Intermediate Accounting. 9th ed. New York: John Wiley & Sons, 1998.  ISBN:  0471641839.

Readings by Session

Note on text problems: "Do" are problems that will help you prepare for class; but they do not have to be submitted. "Opt" are problems that you could optionally do if you want more material to study.

LEC #TOPICSREADINGS
1Overview of the course, Administrative matters, Discussion of Accounting FrameworkPratt: skim Ch. 1, incl. Appendix 1A
2The Balance Sheet and the Recording of TransactionsPratt: Ch. 2 and 3, skim Ch. 5

Do: P2-1, E3-3

Opt: P2-3, P2-4, P2-9
3The Income Statement and Principles of Accrual AccountingPratt: Ch. 2 and 3, skim Ch. 3

Do: P2-2, E2-4

Opt: E2-12, ID2-7
4The Income Statement and Principles of Accrual Accounting (cont.)Pratt: Ch. 3 and 4, skim Appendix 4A

Do: P3-7, E4-19, E4-2

Opt: E4-5, E4-16
5The Accounting ProcessCase: Chemalite, Inc.
6Revenue RecognitionPratt: Ch. 3 (pp. 83-85) and Ch. 6

Do: E6-6, E6-8

Opt: P6-7
7Revenue Recognition (cont.)Case: Circuit City

Pratt: Ch. 6

Do: P6-3, P6-4

Opt: P6-10
8Inventory/Cost of Goods SoldPratt: Ch. 7

Do: P7-4, P7-9

Opt: P7-6
9Statement of Cash FlowPratt: Ch. 14

Do: P14-2, E14-8

Opt: E14-7
10More on the Statement of Cash Flows/Exam ReviewDo: E14-9, E14-10
11First Exam
12Long-term Assets/Depreciation (Deferred Taxes)Pratt: Ch. 9, incl. App. 9A and 10B, pp. 439-442

Do: E9-5, E9-18, E10-11

Opt: ID9-7, BE9-3, P10-8
13Matching Principle for PP&ECase: Depreciation at Delta and Pan Am
14Marketable Securities (Deferred Taxes)Pratt: Ch. 8 (through p. 332)

Do: E8-2, E8-5, P8-6

Opt: P8-5
15Marketable Securities, Time Value of MoneyPratt: Appendix B

Do: EB-11, EB-14
16Long Term DebtPratt: Ch. 11 through p. 476 Appendix 11A

Do: E11-5, E11-9

Opt: E11-3, E11-18
17Leases and Off-Balance Sheet FinancingPratt: Ch. 11 (p. 483 to end)

Do: P11-13, P11-14

Opt: ID11-6
18Current Liabilities and ContingenciesCase: Accounting for Frequent Fliers

Pratt: Ch. 10

Do: E10-9, P10-2

Opt: P10-5, ID10-1, ID10-3
19Midterm 2 Review
20Second Exam
21Intangibles and Business CombinationsPratt: Ch. 8, pp. 332-339

Do: P8-10, P8-14
22Introduction to Cost ConceptsCP: A Brief Introduction to Cost Accounting; Activity Accounting: Another Way to Measure Costs; On the Folly of Rewarding A, While Hoping for B
23Indirect Allocation of Costs, Destin BrassCase: Destin Brass Products
24ABC, Destin BrassCase: Destin Brass Products
25Managerial Accounting Wrap-up, Seligram DiscussionCase: Seligram Inc. Electronic Testing Operations
26Course Review/Wrap-up
Final Exam

 








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