| L1 | Overview and Introduction to Financial Statements
Administrative Matters, Discussion of Accounting Framework | | |
| L2 | The Balance Sheet | | |
| R1 | | Highlights of Introductory Topics: Financial Accounting, Balance Sheet, Income Statement, etc.
Review of Technical Items | |
| L3 | The Income Statement and Principles of Accrual Accounting | | |
| L4 | The Accrual Accounting Process of Preparing Financial Statements | | Problem set #1 due |
| L5/R2 | The Accrual Accounting Process of Preparing Financial Statements (cont.) | Journal Entry and T-account
Cash vs. Accrual Accounting
Accounting Entry for Sales, Adjusting Entries, and Closing Entries | |
| L6 | The Accounting Process | | Problem set #2 due |
| L7 | Statement of Cash Flows | | |
| L8/R3 | Statement of Cash Flows (cont.)
Financial Statement Analysis | Statement of Cash Flows
Indirect Approach | |
| L9 | Receivables and Revenue Recognition | | |
| L10/R4 | Receivables and Revenue Recognition (cont.) | Midterm Review | Problem set #3 due |
| L11 | Inventories | | |
| L12 | Long-lived Assets | | |
| R5 | | Accounting for Inventory LIFO and FIFO | |
| E1 | Mid-term Exam | | |
| L13/R6 | Matching Principle for PP&E | Accounting for Long Lived Assets Time Value of Money | |
| L14 | Current Liabilities and Contingencies | | |
| L15 | Time Value of Money
Long-term Debt | | |
| L16 | Long-term Debt and Leases | | Problem set #4 due |
| L17/R7 | Deferred Taxes
Marketable Securities | Marketable Securities
Bonds
Leases
Deferred Tax | |
| L18 | Investments, and Business Combinations | | Problem set #5 due (two days after L18) |
| L19 | Business Combinations and Course Review | | |
| E2 | Final Exam | | |