August 26, 28, and September 2
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 4, 9, and 11
Chapter 2 - A Review of the Accounting Cycle

• RAT
  • September 4

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

• Key Chapter Exhibits
  • 2-1

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

September 16, 18, 23, 25, and 30
Chapter 3 - The Balance Sheet and Notes to the Financial Statements; Fraser & Ormiston text, Chapter 3

• RAT
  • September 16

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

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

October 2, 7, 9, 16, and 21
Chapter 4 - The Income Statement; Fraser & Ormiston text, Chapter 2

• RAT
  • October 2

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

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

October 23, 28, 30, and November 4
Chapter 5 - Statement of Cash Flows and Articulation; Fraser & Ormiston text, Chapter 4

• RAT
  • October 23

• 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 6, 11, 13, 18, and 25
Chapter 22 – Analysis of Financial Statements; Fraser & Ormiston text, Chapter 5
Guest speaker on November 13: Mr. Jeremiah Kuhn, Assistant Vice President, Settlers Bank

• RAT
  • November 6

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

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

December 2, and 4
Chapter 6 - Earnings Management
Guest speaker on December 4: Ms. Christa Dunlevy, intern for University of Dreams

• RAT
  • December 2

• 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