January 17, 19, and 24
Chapter 1 - Financial Accounting

Core Competencies

• Learning Objectives 1-7

Key Chapter Exhibits

• Exhibits 4, 5, and the five tables on pages 14-15

• Accounting Basics 2 - Accounting Equation
• Accounting Basics 3 - Assets
• Accounting Basics 4 - Liabilities
• Accounting Basics 5 - Stockholders' Equity

• Defining Your Career Path -- Career Preparation for Accounting Majors (from the Career Services Office at UW-River Falls)
• Defining Your Career Path -- Career Preparation for Business Administration Majors (from the Career Services Office at UW-River Falls)

January 26, 31, and February 2
Chapter 2 - Corporate Financial Statements

RAT: January 26

Core Competencies

• Learning Objectives 1-7

Key Chapter Exhibits

• Exhibits 1, 2, 3, 4, 5, 6, 7, 8

• Accounting Basics 2 - Accounting Equation
• Accounting Basics 3 - Assets
• Accounting Basics 4 - Liabilities
• Accounting Basics 5 - Stockholders' Equity
• Accounting Basics 7 - Financial Statements
• Financial Reporting & Analysis 2-Classified BS
• Financial Reporting & Analysis 3-Multistep IS
• Corporate IS SHE 5 ODEC & EPS
• Corporate IS SHE 7 EPS & Book Value

February 7
Chapter 11 - Statement of Cash Flows

RAT: February 7

Core Competencies

• Learning Objectives 1, 2, 4-7

Key Chapter Exhibits

• Exhibits 1, 5, 6, 7, 8, 9

• Cash Flow 1 Statement of Cash Flows Format
• Cash Flow 2 Operating Activites
• Cash Flow 3 Investing Activites-Investments
• Cash Flow 4 Investing Activites-Plant Assets
• Cash Flow 5 Financing Activites

February 14, 16, and 21
Chapter 3 - Recording Accounting Transactions

RAT: February 14

Core Competencies

• Learning Objectives 1-5

Key Chapter Exhibits

• Exhibits 1,2,3,4,5

• Measuring Business Income 1- Accounting Cycle
• Accounting Basics 2 - Accounting Equation
• Accounting Basics 6 - Expanded Accounting Equation
• Accounting Transactions 2 - Accounting Cycle
• Accounting Transactions 3 - Asset & SHE Dr & Cr
• Accounting Transactions 4 - Liabilities Dr & Cr
• Accounting Transactions 5 - Revenue Dr & Cr
• Accounting Transactions 6 - Expense2 Dr & Cr
• Accounting Transactions 7 - Journal Entries 1
• Accounting Transactions 8 - Journal Entries 2
• Accounting Transactions 10 - Account Anatomy

February 23 and 28
Chapter 4 - Accrual Accounting and Adjusting Entries

RAT: February 23

Core Competencies

• Learning Objectives 1-5

Key Chapter Exhibits

• Exhibits 2, 3, 4, 5, 6, 7

• Measuring Business Income 1- Accounting Cycle
• Measuring Business Income 2-Adjusting JE Assets & Expenses
• Measuring Business Income 3-Adjusting JE Liabilities & Revenue
• Measuring Business Income 4-Adjusting JE Accruals
• Measuring Business Income 5-Adjusted TB & FS
• Measuring Business Income 6-Adjusted TB & CJE
• Measuring Business Income 7-Closing Journal Entries

March 1 and 6
Chapter 5 - Internal Control and Cash

RAT: March 1

Core Competencies

• Learning Objectives: 1-5

Key Chapter Exhibits

• Exhibits 1, 2, 3

• Cash and Receivables-2 Bank Reconciliation

March 8, 20, and 22
Chapter 6 - Receivables and Appendix A - Investments

RAT: March 8

Core Competencies

• Chapter 6: Learning Objectives 1-5
• Appendix A: Learning Objective 1

Key Chapter Exhibits

• Chapter 5: Exhibit 1

• Cash and Receivables - 3 Accounts Receivable
• Cash and Receivables - 4 Uncollectible Accounts
• Cash and Receivables - 5 Notes Receivable

March 29 and April 3
Chapter 7 - Inventory

RAT: March 29

Core Competencies

• Learning Objectives 1-6

Key Chapter Exhibits

• Exhibits 2, 3, 4, 5, 6, 8

• Merchandising Operations-4-Purchases Perpetual
• Inventories-5 Perpetual FIFO
• Inventories-5 Perpetual LIFO
• Moving Average Inventory Costing
• Inventories-7 Estimates Gross Margin Method
• 8 - Lower of Cost or Market

April 5, 10, and 12
Chapter 8 - Fixed Assets and Intangible Assets

RAT: April 5

Core Competencies

• Learning Objectives 1-4, 7

Key Chapter Exhibits

• Exhibits 1, 2, 3, 6,

• FA 9 1 Long-lived Assets
• FA 9 3 Straight line Depreciation
• FA 9 4 Units of Production Depreciation
• FA 9 5 Declining Balance Depreciation
• FA 9 6 Disposal by Trash, Donation, or Sold for Book Value
• FA 9 7 Disposal by Sale or Trade-in

• Article: "Pioneering Firm Bows to 'Post-PC World' "
• Article: "Kodak Adds $626 Million Write-Down"

April 17 and 19
Chapter 9 - Liabilities

RAT: April 17

Core Competencies

• Learning Objectives 1-5

Key Chapter Exhibits

• Exhibits 2, 3

• FA 8 1 Current Liabilities
• FA 8 2 Notes Payable
• FA 8 3 Product Warranties
• FA 8 4 Sales and Excise Taxes
• FA 8 5 Payroll and Payday
• Long-Term Liabilities -1 Types
• Long-Term Liabilities -2 Bond Types
• Long-Term Liabilities- 3 Bond Price SE4

• Article: "Lease Rule Would Hit Profits"
• Article: "How Leases Play A Shadowy Role In Accounting Despite a Post-Enron Push, Companies Can Still Keep Big Debts Off Balance Sheets"
• The Motley Fool: Capital v. Operating Leases (see section on Gap and UA, located mid-way through the article)

April 24 and 26
Chapter 10 - Stockholders' Equity

RAT: April 24

Core Competencies

• Learning Objectives 1-5

• Contributed Capital 1 Corporations
• Contributed Capital 2 Startup and Organization Costs
• Contributed Capital 3 Stockholders Equity format
• Corporate IS SHE 6 Stockholders Equity
• Contributed Capital 4 Sell Stock for Cash
• Contributed Capital 7 Cash Dividends
• Contributed Capital 8 Dividends Declared
• Contributed Capital 9 Treasury Stock
• Corporate IS SHE 2 Stock Splits