Introduction to Financial Accounting
ECON 127
Summer 2015
| Section:
01
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| Crosslisting:
CSPL 127 |
In this course, students learn how accountants define assets, liabilities, revenues, and expenses and where those items are placed in firms' balance sheets and income statements. The purposes and limitations of these two financial statements as well as the statement of cash flows are considered. Students gain an understanding of the accounting numbers that appear in financial statements for inventories, depreciation, and leases; the choices given to firms in their reporting of those items; and how the use of different accounting methods for similar economic events creates challenges for analysts. Instances of questionable financial reporting and strategies that can aid in their discovery are addressed. Firms' filings of financial statements and note disclosures with the SEC are examined throughout the course. |
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| Credit: 1 |
Gen Ed Area Dept:
SBS ECON |
| Course Format: Lecture / Discussion | Grading Mode: Graded |
| Level: UGRD |
Prerequisites: ECON101 OR ECON110 |
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Fulfills a Requirement for: None |
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Past Enrollment Probability: Not Available |
| SECTION 01 - Summer Session I |
Major Readings: Wesleyan RJ Julia Bookstore
Text: Spiceland, Thomas, and Herrmann, FINANCIAL ACCOUNTING, 3rd edition, McGraw-Hill, 2014, Course Packet (Available from Professor at first class)
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Examinations and Assignments:
2 Unit Exams and Final Exam |
Additional Requirements and/or Comments:
Prerequisites are ECON101, ECON110, or permission of the instructor. |
| Instructor(s): Gosman,Martin Times: .MTWRF. 01:30PM-03:10PM; Location: SCIE141; |
| Total Enrollment Limit: 19 | | SR major: 0 | JR major: 4 | | |
| Seats Available: 13 | GRAD: 0 | SR non-major: 0 | JR non-major: 4 | SO: 8 | FR: 3 |
| Drop/Add Enrollment Requests | | | | | |
| Total Submitted Requests: 0 | 1st Ranked: 0 | 2nd Ranked: 0 | 3rd Ranked: 0 | 4th Ranked: 0 | Unranked: 0 |
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