The course stresses technical and critical analyses of financial reporting numbers. Lectures, problem sets and quizzes are utilized to ensure technical competence while cases, press articles and annual reports are used to provide real-world examples. While the basics of how accounting information is recorded will be covered, we will also spend time discussing how financial accounting standards are developed and their consequent impact on society. We consider accounting as a valuable, but imperfect, source of information and will carefully examine the assumptions, limitations and implications of accounting information. It is my hope that the course will be enjoyable, enlightening and highly interactive, so I encourage you to ask questions at any time.
New material is introduced with a lecture on the more technical aspects of the topic.
In the following class, assigned groups will present their case analysis. If necessary, homework assignments may also be reviewed. The class will be divided into groups of 2-3 members. Depending on the class size, each group will also be randomly assigned to present one or more of their case analysis in class. Three short quizzes will be given at different intervals throughout the course.