This class is designed for the first year MBA student who has little or no prior
experience with accounting course work and it is intended to provide a general
understanding of the basic accounting information needed to make economic decisions
about businesses.  We will cover the fundamental procedures used to record,
analyze, summarize, and report accounting information.

Concepts of accounting, the format and content of financial statements, and
interpretation of corporate annual reports will be covered.  In addition to the
general conventions that underlie all accounting information, we will delve
more deeply into many of the more important specific accounting areas such as
accounts receivable and payable, inventories, property and equipment, and
revenues and expenses.  The course emphasizes financial accounting.  Management
accounting is covered in a subsequent class.  

The class is not designed to make you an expert accountant.  But it should
enable you to make intelligent use of accounting information and to be able
to raise appropriate questions about the information developed by the
accounting experts in your company.

1.  Introduction - The Accounting Environment
2.  Accounting and its Use in Business Decisions
3.  Recording Business Transactions
4.  Adjustments for Financial Reporting
5.  Completing the Accounting Cycle
6.  Accounting Theory Underlying Financial Accounting
7.  Merchandising Transactions:  Introduction to Inventories and Classified Income
Statement
8.  Measuring and Reporting Inventories
9.  Control of Cash
10. Receivable and Payables
11. Property, Plant, and Equipment
12. Plant Asset Disposals, Natural Resources, and Intangible Assets
13. Stockholders' Equity:  Classes of Capital Stock
14. Corporations:  Paid-in Capital, Retained Earnings, Dividends, and Treasury Stock
15. Stock Investments:  Cost, Equity, Consolidations; International Accounting
16. Long-Term Financing:  Bonds
17. Analysis Using the Statement of Cash Flows
18. Analysis and Interpretation of Financial Statements