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. Accounting:  The Language of Business
2. Measuring Income to Assess Performance
3. Recording Transactions
4. Accrual Accounting and Financial Statements
5. Statement of Cash Flows
6. Accounting for Sales
7. Inventories and Cost of Goods Sold
8. Long-Lived Assets
9. Liabilities and Interest
10. Stockholders' Equity
11. Intercorporate Investments and Consolidations
12. Financial Statement Analysis