AMIS 521

Assignment Schedule for Autumn Quarter 2009

W 9/23/09

Topic: Course Introduction; Review of Accounting Fundamentals

Chapter Overview:  Go through Narrated slides for Chapter 2

Reading: Review as needed: Spiceland Ch. 2

Study: COACH Illustrations 2-1, 2-2 and Coach's Challenge 2-1, 2-2

Prepare to discuss: COACH'S T-ACCOUNTS


M 9/28/09 

Topic:  More on Accounting Fundamentals

Prepare to discuss: COACH'S INCOME; SMALL FRIES

Practice: Homework Manager Ch. 2 Practice; Self Quiz for Chapter 2

Submit: Homework Manager Quiz 1 (due R 10/1/09, 1:00 PM)


W 9/30/09

Topic: Accounting/Financial Reporting Demand and Supply

Prepare to discuss: DEMAND; VOLUNTARY DISCLOSURES; DISCLOSURE COSTS


M 10/5/09

Topic:  The Environment of Financial Reporting

Chapter Overview:  Go through Narrated slides for Chapter 1

1.    Spiceland Ch. 1 pp. 1-8

2.    Standards Deviation (WSJ, 3/9/07)

3.    One Standard for All? (CFO, 3/7/07)

4.    A Summit on U.S. Rules: Too Gosh-Darn Complex (WSJ, 3/13/07)

Study:  COACH Illustration 1-1 and Coach's Challenge 1-1

Prepare to discuss:  Spiceland Cases 1-2, 1-3, and 1-7 (no paper required)


W 10/7/09

Topic:  Regulation and the FASB Conceptual Framework

Reading: 

  1. Spiceland Ch. 1 pp. 9-35
  2. The Narrowing GAAP (CFO, 12/1/05)

Prepare to discuss:  CONCEPTUAL FRAMEWORK ELEMENTS

Submit: Homework Manager Quiz 2 (due R 10/8/09, 1:00 PM)

Practice: Homework Manager Ch. 1 Practice; Self Quiz for Chapter 1


M 10/12/09

Topic: Globalization and IFRS

Browse/Study: Being IFRS Ready; Introduction to IFRS

Reading:  IFRS Compared to GAAP

Prepare to discuss: IFRS Questions; LEASE ALTERNATIVES


W 10/14/08

Topic:  The Balance Sheet and Financial Disclosures

Chapter Overview:  Go through Narrated slides for Chapter 3

Reading: 

  1. Spiceland Ch. 3, excluding Appendix 3
  2. A New Vision for Accounting (CFO, 2/1/08)
  3. Why CFOs Hate Fair Value (CFO, 6/26/08)

Study: COACH Illustrations 3-1 and 3-2 and Coach's Challenges 3-1 and 3-2

Prepare to discuss: COACH'S BALANCE SHEET

Submit: Homework Manager Quiz 3 (due R 10/15/09, 1:00 PM)

Practice: Homework Manager Ch. 3 Practice; Self-Quiz for Chapter 3


M 10/19/09

Topic:  More on Financial Disclosures

Topic:  BALANCE SHEETS AND FINANCIAL DISCLOSURE

Reading: 

  1. Spiceland Appendix 3
  2. A New Vision for Accounting (CFO, 2/1/08)
  3. SEC Wants Better Segment Reporting (CFO, 9/3/01)
  4. FASB: A Segue to More Segmenting (CFO, 5/17/07)

Prepare to discuss: Spiceland E 3-17, E3-18, WHIRLPOOL


W 10/21/09

Earnings Quality, Separately Reported Income Items, and Accounting Changes

Chapter Overview:  Go through Narrated slides for Chapter 4

Reading: 

1.    Spiceland Ch. 4

2.    How Good Are Those Earnings, Really?  (CFO, 11/9/04)

3.    Cisco Systems News Release (review the pro-forma reconciliation)

Study: COACH Illustration 4-1; Coach's Challenge 4-1

Prepare to discuss: Spiceland Cases 4-4 and 4-11

Submit: Homework Manager Quiz 4 (due R 10/22/09, 1:00 PM)

Practice: Homework Manager Ch. 4 Practice; Self-Quiz for Chapter 4


M 10/26/09  FIRST EXAM (7:30-9:18 PM; Room TBA)

Study sheet will be posted on Carmen by 10/21/09

 


W 10/28/09

Topic:  More on Earnings and Cash Flow Concepts

Reading: 

1.    Lies, Damned Lies and Managed Earnings

2.     The Numbers Game

3.     Cash Flow?  It Isn't Always What it Seems (WSJ, 5/8/02)

Study: COACH Illustration 4-2; Coach's Challenge 4-2

Prepare to discuss: NET & DISCRETIONARY ACCRUALS; MICROSOFT


M 11/2/09

Topic: Revenue Recognition, Part 1

Chapter Overview:  Go through Narrated slides for Chapter 5

Reading: Spiceland: Ch. 5, pp. 226-255

Study: COACH Illustrations 5-1 and 5-2; Coach's Challenges 5-1 and 5-2

Prepare to discuss: Spiceland E5-10, Cases 5-3 and 5-5


W 11/4/09

Topic: Revenue Recognition, Part 2

Reading:

  1. Review Spiceland: Ch. 5, pp. 226-238, 252-255
  2. Skim SFAS 48
  3. Revenue-Recognition Rules: From the Many, One? (CFO, 7/17/08)

Prepare to discuss: Spiceland E5-15, Cases 5-1 and 5-11

Submit: Homework Manager Quiz 5 (due R 11/5/09, 1:00 PM)

Practice: Homework Manager Ch. 5 Practice; Self-Quiz for Chapter 5


M 11/9/09

Topic: Financing with Receivables

Chapter Overview:  Go through Narrated slides for Chapter 7 (slides 35-48 only)

Reading:

1.    Spiceland Ch. 7, pp. 322-330

2.    GE Cuts Billions from Cash Flow (CFO 3/8/05)

3.    Securitization: Cash Flow on Tap (CFO, 6/30/06)

Study and prepare to discuss: Spiceland Case 7-9; RECEIVABLE FOOTNOTES

Submit: Homework Manager Quiz 6 (due R 11/12/09, 1:00 PM)

Practice: Homework Manager Ch. 7 Practice; Self-Quiz for Chapter 7


 

W 11/11/09 VETERANS DAY: UNIVERSITY HOLIDAY

 

 

M 11/16/09  SECOND EXAM (7:30-9:18 PM; Rooms TBA)

Study sheet will be posted on Carmen by 11/11/08

 


W 11/18/09

Topic: Introduction to Financial Statement Analysis

Reading:

  1. Spiceland Ch. 5, pp. 238-246; Review Ch. 3, pp. 120-127
  2. Browse stock analysis resources on Reuter's website

Study and prepare to discuss: Spiceland P5-11


M 11/23/09

Topic: Using Financial Statement Ratios

Study and prepare to discuss: Spiceland Case 5-21; RATIO CHANGES


 

W 11/25/09 NO CLASS

 

Submit: TAKE-HOME EXAM (due Su 11/29/09, 1:00 PM)

 


M 11/30/09 and W 12/2/09

Topic: Current Liabilities and Contingencies

Chapter Overview:  Go through Narrated slides for Chapter 13 (slides 19-29)

Reading:

  1. Spiceland: Ch. 13, pp. 665-676; Review Ch. 4, pp. 171-175
  2. Contingent Liabilities Draft Stirs It Up (CFO, 8/4/08)

Prepare to discuss: Spiceland Cases 13-8, 13-13, and 13-19

Take Self Quiz (Contingency questions only)

Submit: Homework Manager Quiz 7 (due R 12/3/09, 1:00 PM)

Practice: Homework Manager Ch. 13 Practice; Self-Quiz for Chapter 13


W 12/2/09

Topic: More on Contingencies

Prepare to discuss: Spiceland P13-9, Cases 13-14, 13-16 (1 and 3 only)



COMPREHENSIVE FINAL EXAM

M 12/7/09 AT 7:30 P.M. (Rooms TBA)

Study sheet will be posted on Carmen by 12/1/09