Introduction to Financial Accounting|
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.
||Gen Ed Area Dept:
|Course Format: Lecture / Discussion||Grading Mode: Graded|
||Prerequisites: ECON101 OR ECON110
||Fulfills a Major Requirement for: None
||Past Enrollment Probability: Not Available
|SECTION 01 In-person only|
|Major Readings: Wesleyan RJ Julia Bookstore
Financial Accounting by Spiceland, Thomas, and Herrmann, THIRD EDITION, Mc-Graw-Hill Irwin.
In addition, students will acquire a sizable Course Packet prepared by the instructor.
|Examinations and Assignments: |
Two unit exams and a final exam.
Homework will be assigned for each class. Some assigned cases and problems will be collected.
|Instructor(s): Gosman,Martin Times: ..T.R.. 02:40PM-04:00PM; Location: SCIE121; |
|Total Enrollment Limit: 35||SR major: 10||JR major: 10|| || |
|Seats Available: -1||GRAD: X||SR non-major: 5||JR non-major: 5||SO: 5||FR: X|
|Web Resources: Syllabus |
|Drop/Add Enrollment Requests|
|Total Submitted Requests: 9||1st Ranked: 0||2nd Ranked: 1||3rd Ranked: 0||4th Ranked: 0||Unranked: 8|