August 27, 29, 31, September 3, and 5
Chapter 1 - Financial Reporting

• Core Competencies
  • LO 1, 2, 3, 4, 5
  • Fundamentals of the Sarbanes-Oxley Act

• Key Chapter Exhibits
  • 1-4
  • 1-5
  • 1-6
  • 1-7

• Essential Competencies for Accounting Majors (from the Career Services Office at UW-River Falls)

• Business Week Special Report: The Crisis in Corporate Governance (total printed pages - 7)
  • How to Fix Corporate Governance
  • Executive Pay
  • The Board
  • Accounting
  • Analysts
  • Regulators
  • Leadership
  • The Corporate Cleanup Goes Global

September 7, 10, 12, 14, 17, and 19
Chapter 2 - A Review of the Accounting Cycle

• RAT
  • September 7 (Questions 1, 3, 4, 6, 7, 9, 11, 13, 14)

• Core Competencies
  • LO 1, 2, 3, 4, 5

• Key Chapter Exhibits
  • 2-1

• P2-34 Excel template
• P2-39 Excel template

September 21, 24, 26, 28, October 1, 3, and 5
Chapter 3 - The Balance Sheet and Notes to the Financial Statements; Fraser & Ormiston text, Chapter 3

• RAT
  • September 21 (Questions 1, 2, 5, 7, 9, 10, 13, 17, 18, 21)

• Core Competencies
  • LO 1, 2, 3, 4, 5

• Key chapter exhibits
  • 3-2
  • 3-3
  • 3-4
  • 3-9
  • 3-10

October 8, 10, 12, 17, 19, 22, 24, and 29
Chapter 4 - The Income Statement; Fraser & Ormiston text, Chapter 2

• RAT
  • October 8 (Questions 4, 6, 7, 9, 10, 11, 12, 16, 18, 19)

• Core Competencies
  • LO 1, 2, 3, 4, 5, 6

• Key Chapter Exhibits
  • 4-2
  • 4-10
  • 4-15
• Discontinued operations flowchart (please access from Thomas 223 using SmartDraw)

October 26, 31, November 2, and 5
Chapter 5 - Statement of Cash Flows and Articulation; Fraser & Ormiston text, Chapter 4

• RAT
  • October 31 (Questions 1, 2, 3, 4, 5, 9, 15, 17, 18)

• Core Competencies
  • LO 1, 2, 3, 4, 6

• Key Chapter Exhibits
  • 5-1
  • 5-2
  • 5-3
  • 5-4
  • 5-5
  • 5-8
  • 5-9

November 7, 9, 12, 14, 16, and 19
Chapter 22 – Analysis of Financial Statements; Fraser & Ormiston text, Chapter 5

• RAT
  • November 7 (Questions 1, 2, 4, 5, 8, 9, 10)

• Core Competencies
  • LO 1, 2 and page 1285 ratios
  • Financial statement footnotes

• Key Chapter Exhibits
  • 22-1
  • 22-2
  • 22-3
  • 22-7

November 26, 30, December 3, 5, and 7
Chapter 6 - Earnings Management

• RAT
  • November 26 (Questions 1, 2, 6, 7, 10, 14, 17, 24, 37)

• Core Competencies
  • LO 1, 2, 3, 4, 5

• Key Chapter Exhibits
  • 6-3
  • 6-4
  • 6-5
  • 6-10

• Online resources
  • "Dell Details Accounting Woes" from the NYSSCPA Web site
  • "How Leases Play a Shadowy Role in Accounting", Jonathan Weil. The Wall Street Journal, September 22, 2004.
  • "Fuzzy Numbers" Business Week October 4, 2004, article
  • Levitt speech (footnoted at bottom of text page 292)
  • Maynard Manufacturing case study from Strategic Management magazine
  • AICPA Code of Professional Conduct
  • IMA Statement of Ethical Professional Practice