Financial Accounting Syllabus free essay sample

This course introduces the fundamentals of financial accounting to graduate students. Throughout the course, communication skills will be emphasized. After completing the course, a student is expected to understand how accounting information is produced, interpret and analyze financial statements, communicate firms’ financial health and appreciate ethical issues in accounting. Since the course content will be approached from the perspective of a user, rather than a producer, of financial accounting information, a student’s analytical ability is emphasized. Overview of Course Content: Accounting is the language of business and therefore a solid understanding of accounting is imperative to quality business education. Accounting produces economic information about a business that aids decision-makers to make decisions. Depending on the classes of decision-makers, we can roughly divide accounting into financial accounting and management accounting. Financial accounting produces financial statements that primarily serve external decision-makers, such as investors, financial analysts, creditors and government agencies. Management accounting, on the other hand, generates information primarily used by internal decision-makers, such as managers. We will write a custom essay sample on Financial Accounting Syllabus or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This course concentrates on financial accounting. Financial accounting measures the economic consequences of a business’s activities and aggregates these measurements in the form of accounting reports or financial statements. The information in the financial statements serves external decision-makers in different ways. For example, financial analysts and investors use accounting information to value the firm; creditors base debt contracts on accounting information; accounting measures of performance often determine managers’ compensation contracts. No matter how financial accounting information is used, it is clear that a thorough understanding of the accounting information produced by a business is key to making sound business decision. 1 Text: 1. Financial Accounting: An Introduction to Concepts, Methods and Uses, Stickney, Weil, Schipper and Francis, 13th edition, South-Western, 2009. 2. (Class notes) Class notes will be posted in the public folder. Grading: Your course grade will be determined as follows: Midterm Exam Final Exam Quiz or Case Analysis Attendance and Participation Assignments Total 30% 30% 20% 10% 10% 100% There are no make-up exams unless you miss them for legitimate reasons, such as medical emergencies (need to provide written poof). The midterm and the final will be in class and will be closed-book. The exams will be composed of problem solving and short essay questions. Exams are cumulative. There will be around 2 quizzes and 2 case analyses each worth 5%. Also, there will also be roughly 10-12 homework problem sets or short essays due at the beginning of each class. Your homework is graded based on effort (on completeness, not on correctness). Class attendance and participation is crucial for the success of this course. You are expected to attend all class sessions and be prepared for class discussion. If you are to miss a class, please notify me in advance. Should you have legitimate reasons for missing a class, please provide me with related documents prior to missing the class, so as not to be fully penalized for the attendance and participation grade. Structure of the Course: In this course we will take the perspective of financial statement users rather than that of preparers. Accordingly, we will emphasize on interpreting and analyzing financial information. All exams will reflect this perspective. However, our emphasis does not suggest that accounting techniques are unimportant. After all, it is impossible for someone to analyze financial information without thorough understanding of how such information is prepared. We choose the former perspective mainly for the purpose of presenting and testing. You are expected to read the assigned handouts (or chapters) before you come to class. If you have never taken an accounting course and you don’t prepare yourself, the class time can be very long. Good luck! 2

Free Essays on Hurbis

Hubris: A Pitfall O’Connor uses Julian’s hubris in â€Å"everything that rises must converge† to show his downfall. Throughout the story Julian feels he is above his mom and the world. Julian thinks this way because his mom is blind to the fact that the world is changing and her old views are not â€Å"correct† anymore. This is ironic because Julian is so caught up in how his mom looks at the world that he can’t see how kind she is by letting him stay with her even though he should be supporting himself. He can’t see her kindness and wants to teach her a lesson. â€Å"The law of it was to sacrifice herself after she had first created the necessity to do so by making a mess of things.†(p.11)This is the kindness that Julian cannot see when he judges his mom, which shows his excessive arrogance. During the story Julian has time to â€Å"withdrawal† from the world and judge people objectively. He feels superior in this way because of his college education which by the way his mom paid for. â€Å"H could not bear to be a part of what was going on around him. From it he could see out and judge but in it he was safe from any kind of penetration from without.† This quote further proves Julian’s hubris, he withdrawal from the world and looks on people objectively; this leads me to believe that Julian thinks he is a Christ-like figure. When he goes into this state he can see his mom in â€Å"absolute clarity† but in reality he is fogged because he cant seem to see her inner kindness, â€Å" what she meant when she said she had won was that she had brought up successfully and had sent him to college and he had turned out so well- good looking (her teeth had gone unfilled so that his could be straightened)†¦Ã¢â‚¬ (p.11) This is the perfect example of his ignorance to his mothers kindness and self sacrifices. Every time he talks to his mom he tries to put her down in some way and tries to belittle her because of his feelings toward her. â€Å"In... Free Essays on Hurbis Free Essays on Hurbis Hubris: A Pitfall O’Connor uses Julian’s hubris in â€Å"everything that rises must converge† to show his downfall. Throughout the story Julian feels he is above his mom and the world. Julian thinks this way because his mom is blind to the fact that the world is changing and her old views are not â€Å"correct† anymore. This is ironic because Julian is so caught up in how his mom looks at the world that he can’t see how kind she is by letting him stay with her even though he should be supporting himself. He can’t see her kindness and wants to teach her a lesson. â€Å"The law of it was to sacrifice herself after she had first created the necessity to do so by making a mess of things.†(p.11)This is the kindness that Julian cannot see when he judges his mom, which shows his excessive arrogance. During the story Julian has time to â€Å"withdrawal† from the world and judge people objectively. He feels superior in this way because of his college education which by the way his mom paid for. â€Å"H could not bear to be a part of what was going on around him. From it he could see out and judge but in it he was safe from any kind of penetration from without.† This quote further proves Julian’s hubris, he withdrawal from the world and looks on people objectively; this leads me to believe that Julian thinks he is a Christ-like figure. When he goes into this state he can see his mom in â€Å"absolute clarity† but in reality he is fogged because he cant seem to see her inner kindness, â€Å" what she meant when she said she had won was that she had brought up successfully and had sent him to college and he had turned out so well- good looking (her teeth had gone unfilled so that his could be straightened)†¦Ã¢â‚¬ (p.11) This is the perfect example of his ignorance to his mothers kindness and self sacrifices. Every time he talks to his mom he tries to put her down in some way and tries to belittle her because of his feelings toward her. â€Å"In...

The evolution of us gaap Essay Example | Topics and Well Written Essays - 500 words

The evolution of us gaap - Essay Example However, high-tech companies, with the help of Congress, effectively stopped this move. Instead, the amount of expense for options recently granted was to be mentioned in a footnote. Then, FASB started developing a standard that would force companies to expense the fair value of stock options granted to executives and other employees. However, as Zeff points out, company CEOs were quick in opposing as it would affect their personal compensation packages. When it became clear that FASB would continue with its efforts, the companies sought the help of Congress. It was discussed in the House and the Senate where majority of the members opposed, evidently under pressure from companies. As FASB further proceeded in issuing a standard, the Senate passed a resolution stopping FASB from acting further in that regard. More issues were to come. FASB issued the directive on reporting the comprehensive income either through a separate statement of comprehensive income or an additional section in the income statement. The companies wanted to disclose it in the Statement of Changes in Shareholders’ Equity. However, FEI pressured FASB to allow presenting it in a financial statement that few readers notice.