Courses:

Financial Accounting >> Content Detail



Syllabus



Syllabus

Amazon logo When you click the Amazon logo to the left of any citation and purchase the book (or other media) from Amazon.com, MIT OpenCourseWare will receive up to 10% of this purchase and any other purchases you make during that visit. This will not increase the cost of your purchase. Links provided are to the US Amazon site, but you can also support OCW through Amazon sites in other regions. Learn more.
Course Materials

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.

Course Objective

The objective of the course is to introduce the language of business and to train you in the analysis of financial statements. Accounting attempts to measure and report corporate performance. Users demand the performance measure in a variety of decisions they make. For example,

  1. Managers use accounting information in making investment decisions;
  2. Investors use accounting information in valuing stocks;
  3. Bankers rely on accounting information in deciding whether to lend money to a business and in assessing the risk of the loan; and
  4. Accounting information is crucial in evaluating the performance of employees at various levels in an organization.

In making all of these decisions, an interdisciplinary understanding of the entire business is necessary. Toward this end, the course also introduces concepts from finance and economics (e.g., cash flow discounting, risk, valuation, and criteria for choosing among alternative investments) throughout the course, which will enable students to place accounting in the context of a business.

Teaching Instructor Sessions

The Teaching Instructors are important members of the teaching team and are committed to helping the class reach the course objectives. They hold the accounting recitation sessions and are available during office hours for one-on-one help. They grade the written assignments and exams.

Grading

A student's grade will be based on the following weights:

ACTIVITIESPERCENTAGES
Written Problem Sets in Study Groups25%
Mid-term Exam30%
Final Exam45%


Calendar

See the last column of the calendar for important details of each day's plan. Problem sets must be submitted before the start of the class of the due date. Problem set can be done individually or in study groups. The "Do" problems will help you prepare for class. They do not have to be submitted.


 








© 2010-2021 OpenCollege.com, All Rights Reserved.
Open College is a service mark of AmeriCareers LLC.